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Can I apply for student loans from Virginia Department of Education?

I am applying to pursue higher education in a reputable college in the US. If I am accepted, I will travel to the US to study as an international student next year. I believe investing in quality education is invaluable to career success and I am determined to achieve my ambition to study abroad. I would like to know if I can get student loan assistance from Virginia Department of Education. Moreover, what kind of student loan information can I get from Arkansas Department of Education?

Megan Page

in Higher Education

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Derrick Little on April 18, 2018

Virginia’s Department of Education does not offer student loans for higher education. More or less, state education bodies act in a supervisory capacity as opposed to interference in higher education. They ensure education standard, quality of facilities and overall performance is up to par with state requirements. To elementary and high school level, they partly have a direct role by providing state exams at specific stages.  Federal student loans, on the other hand, are handled by the federal rather than the state government through the U.S Department of Education. The process for US citizens and non-citizens is entirely different. State departments of education such as Arkansas may provide a guideline to loan applications. However, these places have little to no information useful to international students.

You need to understand the process carefully before application to increase your chances of acceptance. The first step before you consider what kind of loan you will require is to assess how many financial resources you will need to study in the United States. Then, consolidate all the resources you might have. These should include scholarships, grants or family funds. Once you establish that you still have a gap to fill, you can now consider student loans.

The bad news is that federal student loans are not available to international students. However, there are still plenty of options in private and international student loans to ensure you pursue your higher education without worry. An international student loan is an excellent way to go as you can enjoy higher loan limits, longer repayment periods and affordable interest rates.

The main requirement for these loans is that you have to provide a co-signer. This condition can become difficult if you don’t know anybody in the US. A co-signer is a permanent resident of the US who must have a good credit history/ score. For your relative or close family friend to become a co-signer to your student loan, the must have lived in the US for at least two years. In this case, the co-signer acts as a guarantor to your loan. You cannot receive a student loan as an international student in the US without a co-signer. Repayments options for international students are similar to citizen student borrowers.

However, apart from these requirements, the US Government has ensured there is high quality in education, and you can enjoy all the other benefits that citizen students enjoy.

Kayla Bowen2 years ago

I want to talk more about international student loans in pursuing higher education. These loans have become the saving grace for most international as tuition and boarding fees in the US can be prohibitively expensive.

I would have like to point out a few things that can help you during application.

  • Your interest rate may decrease or increase depending on your co-signers credit score. Your co-signers creditworthiness will determine the percentage of additional interest to be charged on your principal loan amount.
  • Your repayment options will depend on the loan you choose. It is not automatic that you will repay your loan after graduation. Some loans require payments as you study. Therefore, consider the repayment terms very carefully before you sign a loan.
  • Find out the maximum financial assistance a loan offers before you submit your application. This matter depends on whether you want full aid or just tuition fee.


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