For international students planning on studying at Saint Louis University School of Law, financial arrangements must be met before studies can begin. Federal aid is NOT available to international students on a F1 or F2 student visa, J1 or J2 exchange visitor visa or a G series visa. Contact the appropriate lenders for the loans for international students for specific requirements and qualifications. Saint Louis University School of Law does not endorse or recommend any alternative/private loan over another. Please read and research the various loans carefully to determine which loan(s) best match your needs.
These loans are available to international students. Most require a U.S. citizen or permanent resident as a co-signer on the loan. Alternative or private loans are based on credit history and ONLY the lender has discretion on approval on loan. Most alternative loan programs have similar requirements and limits, mostly differing mainly in guarantee and other fees and repayment options.
If you are interested in finding out more about a particular loan, either contact the lender directly or call the School of Law Financial Aid Office at 314-977-3369 or by email.
We do not endorse or recommend one program over the other. We do, however; strongly recommend that you read all of the fine print and terms on the applications.
CitiAssist Loan by Citibank
Eligibility: U.S. Citizen, Permanent Resident Alien status or International Student
Amounts: Maximum loan amount - Up to the cost of attendance minus any financial aid. Maximum cumulative education debt is $110,000 including both private and federal loans.
Co-Signers: All international students require a creditworthy U.S. citizen or permanent resident co-signer. INS documentation is required for international students (I-55I or I-94 or I-20). The CitiAssist Loan co-signer release option may allow your co-signer to be released from the loan if you are a creditworthy graduate and have made your first 48 consecutive payments on time.
Fee: No origination, guarantee or repayment fee.
Interest Rate: Variable rate based on the Prime Rate + .375%
Pre-Approval: On-line application at www.studentloan.com
Repayment: Repayment period up to 15 years. Repayment begins six months after leaving school or dropping below half-time status. There are no prepayment penalties or an interest-only option for 24 or 24 months after graduation. E-Z Pay lowers interest rate by .25% for making automatic loan payments from banking account. CitiExtra Savings lowers interest rate by .50% if you make your first 48 scheduled payments on time and continue to make on-time payments.
Contact: Phone: (800) 745-5473
Organization of American States/Leo S. Rowe Pan American Fund
Eligibility: National of a Latin American or Caribbean member State of OAS. Applicant must also have a grade point average of 3.0 from their current or most recent academic institution. Applicant must be accepted as a full-time student and plan to return to their country of origin after completion of their studies.
Amounts: Maximum loan amount is $7,500 U.S. dollars per loan. Aggregate total of $15,000 U.S. dollars during the course of the studies for which the loan was granted.
Co-Signers: All student loans must be underwritten by a guarantor. U.S. citizen or permanent resident can guarantee the loan.
Fee: Disbursement fee of .5% will be taken out as insurance.
Interest Rate: Unknown
Repayment: Repayment begins three months after the completion of the studies for which the loan was approved. Loan repayment is scheduled in not more than fifty equal monthly payments. Borrowers may pay their loans at an accelerated rate, increasing their monthly payments, or in a lump sum at any time.
Contact: Leo S. Rowe Pan American Fund
SallieMae Law Loan
Eligibility: U.S. Citizen, non-citizen permanent resident or international student.
Amounts: Minimum loan amount: $500. Maximum loan amount: up to the cost of attendance minus any financial aid. Maximum aggregate loan limit without a co-signer - $150,000. No aggregate loan limit with a co-signer.
Co-Signers: Co-signer must be a US citizen or permanent resident. All international students must have a credit-worthy US citizen or permanent resident as co-signer. Co-signer release after the first 24 payments of principal and interest are made on time. Students must meet applicable credit requirements at that time.
Fee: 0% disbursement fees for all credit tiers
Interest Rate: Interest rate is a variable rate that will change based on the Prime Rate. Refer to Paragraph C-2 of the promissory note for complete information.
Pre-Approval: Students can apply online at SallieMae Law Loans. Co-signers can apply on-line also.
Repayment: Repayment period is 15-25 years, depending on the amount borrowed, with repayment beginning nine months after leaving school or dropping below half-time status. Variety of repayment options available.
Contact: Phone: (800) 984-0190
U.S. Bank No Fee Education Loan
Eligibility: U.S. Citizen, permanent resident or International Student with U.S. citizen or permanent resident as co-signer. Must be at least 18 years of age and are attending (or planning to attend) an eligible school on at least part-time basis.
Amounts: Minimum loan amount - $1,000. Maximum loan amount - Up to the cost of education less any financial aid received. Aggregate borrowing limit is $120,000, including education loans from all sources.
Co-Signers: To qualify for a loan on your own, student must earn a minimum credit bureau score. If you do not meet the minimum credit score, you may be eligible to apply for the loan with a qualified co-signer. Co-signer must be a US citizen or eligible non-citizen and must satisfy the lender's minimum credit criteria.
Repayment: Loan repayment is up to 15 years. Repayment begins six months after leaving school or dropping below half-time status. No requirement to pay principal during enrollment. Interest can be paid monthly, or accrued and capitalized when the Repayment Period begins. Interest rate deduction benefits up to 1/2% if you have your monthly payments automatically deducted from your checking account.
Contact: U.S. Bank at 1-800-242-1200