Table of Contents
- Overview: Which are the Top Education Loans in the USA with A Cosigner?
- Top US Education Loans With A Cosigner
- US Education Loans with a Cosigner – Interest Rates
- How Do You Apply for US Education Loans with A Cosigner?
- Frequently Asked Questions
For many reasons, getting a student loan in the USA with a cosigner is advantageous. One is that you get up to 100% funding with minimal documentation. US student loan lenders cover more colleges and universities than domestic lenders in other countries.
Looking for education loans in the USA with a cosigner? This blog is your guide! Here, you can find the top education loan lenders in the US, student loan interest rates, student loan repayment with a cosigner, and documentation details!
Overview: Which are the Top Education Loans in the USA with a Cosigner?
US education loans with a cosigner help international students with seamless funding and minimal documentation. Compared to domestic banks, the applications are often quickly processed. The financial benefit? You save a lot of money as there are no FOREX conversion charges.
| Maximum Loan Amount | Up to 100,000 USD or 100% of your cost of attendance |
| Interest Rates | 3.39% – 15.00% APR |
| Processing Charges | Zero |
| Margin Money | Zero |
| Grace Period | 6 – 12 months |
| Repayment Period | 7 – 20 years |
Top US Education Loans With A Cosigner
Earnest Student Loan
Earnest is a US fintech that offers low-interest education loans to international students. The interest rates start at 10.99% APR.
- Quick eligibility check
- Safe and simple application process
- Tailored repayment options
- Easily accessible expert help
| Borrow limit | Up to 100,000 USD |
| Interest rates | 10.99% APR onwards |
| Courses funded | MS in Engineering, MBA, LLM/JD |
| Grace period | 9 months |
| Documents required | Government ID (applicant’s & cosigner’s), Applicant’s home country address, phone numbers |
Sallie Mae Student Loan
Sallie Mae student loans are available without any additional fee payment. Students receive up to 100% seamless funding for their cost of attendance. The interest rates are fixed or variable, according to the student’s selection.
| Borrow limit | Up to 100% of the cost of attendance |
| Interest rates | 3.49% – 15.49% APR (fixed)4.54% – 14.71% APR (variable) |
| Courses funded | MS, Medical, Dental, Law, Health professions |
| Grace period | 6 months |
| Documents required | Address, Social Security number if you have one, School information, Financial aid and scholarships, Any employment information (company name and gross income), Financial information |
Abe Student Loan
Abe student loans are popular because they offer affordable interest rates, maximum funding, and flexible repayment options. Compared to their competitors, Abe offers more interest subsidies and repayment rebates.
Abe student loan applications are fastly processed, taking 3 – 5 days.
| Borrow limit | Up to 100% of the cost of attendance |
| Interest rates | 3.39% – 15.00% APR |
| Courses funded | MS, Medical, Dental, Law, Health professions |
| Grace period | 12 months |
| Documents required | Government ID (applicant’s & cosigner’s), Applicant’s home country address, phone numbers |
Union Federal Student Loan
Union Federal offers student loans up to 99,999 USD to students for study abroad in the USA. These loans offer interest rebates and repayment flexibility.
| Borrow limit | 99,999 USD or 100% of your cost of attendance |
| Interest rates | 4.24% – 14.04% APR (fixed)4.46% – 14.10% APR (variable) |
| Courses funded | MS, Medical, Dental, Law, and Health Sciences |
| Grace period | 6 months |
| Documents required | Government ID (applicant’s & cosigner’s), Applicant’s home country address, phone numbers |
US Education Loans with a Cosigner – Interest Rates
US education loans with cosigner interest rates are calculated in APR, which stands for Annual Percentage Rate. The interest rates are added to the principal loan amount, and you start repaying it after the moratorium period.
Note that you don’t have to pay the interest rate while studying, but this doesn’t mean there is no interest rate calculated for the period. It is calculated and added to your principal loan amount.
| Student Loan Lender | Interest Rates |
| Earnest | 10.99% APR onwards |
| Sallie Mae | 3.49% – 15.49% APR (fixed)4.54% – 14.71% APR (variable) |
| Abe | 3.39% – 15.00% APR |
| Union Federal | 4.24% – 14.04% APR (fixed)4.46% – 14.10% APR (variable) |
How Do You Apply for US Education Loans with A Cosigner?
Applying for a US education loan with a cosigner is online, easy, and fast. Explore your loan options and choose a lender who funds your course.
- Find the top lenders for an education loan with a US cosigner
- Check the eligibility
- Gather the documents required for the application
- Apply online
Are you looking for US cosigner loan options? Nomad Credit is your perfect US-based study abroad partner. We will help you navigate the education loan process seamlessly and at zero cost. Connect with us today.
Frequently Asked Questions
Can you have a cosigner for a student loan in the USA?
For many lenders, you must have a cosigner for a student loan in the USA. The cosigner must be a permanent resident or a US citizen.
Who can be a cosigner for a student loan in the USA?
The US cosigner must be a US citizen or a permanent resident. Your parents or close relatives are ideal cosigners for your US student loan. However, a third person can also cosign your student loan application if the cosigner has a high credit score and income.
Do lenders release student loan cosigners in the USA?
Lenders release student loan cosigners in the USA after 12 or more on-time principal amount payments. Once the required number of payments is completed, submit an application to release your student loan cosigner.
What is the minimum credit score required for a Sallie Mae cosigner?
The minimum credit score for a Sallie Mae cosigner varies depending on your profile and cosigner history. However, it is usually in the mid-600s.
Who are the most common cosigners of a student loan in the USA?
Parents are the most common cosigners for student loans in the USA. Close relatives or dependable third parties can also cosign student loans.
