Canadian Higher Education Loan Program (CanHELP)
CanHELP is an alternative loan program for Canadian college and university students to study in the USA and approved schools throughout the world. The loans are offered by the International Education Finance Corporation (IEFC) working in conjunction with Bank of America, Fleet Boston, Citizens Bank, and The Education Resources Institute (TERI). Students may borrow up to the full cost of education, including tuition, fees, and room and board. Graduate students may borrow a maximum of $15,000 per year without a co-signer, or up to cost of education with a co-signer. The minimum loan amount is $1,000 per academic year. Students may take up to 20 years to repay the loan. There is a $50 minimum payment and some deferment provisions. The interest rate is the prime lending rate plus 0.5%. Undergraduate students must have a creditworthy Canadian citizen as co-signer. There is a 8.5% guarantee fee for undergraduate and graduate students with a co-signer. Graduate students can apply without a co-signer if they pay a 7.5% guarantee fee at disbursement and a 2% guarantee fee at repayment which will be financed into the loan. For more information write InternationalStudentLoan.com, 224 First Street, Neptune Beach, FL 32266, USA or visit International Student Loan, or send email to service@internationalstudentloan.com. Many international students take out student loans to help fund their studies abroad. For Canadian students studying in the US or US students studying in Canada, we offer international student loans that can help cover up to the total cost of your education. All Canadian students who apply for an international student loan are required to have a cosigner. US students are not required to have a cosigner, however it can improve their chances of getting approved and can also lower the interest rate. Visit our cosigner page to learn more about how to find the right person to cosign your student loan.
Canadian and US students can borrow up to the total cost of attendance, minus any other aid they receive. This sum must be verified by their school to ensure that the student loan isn’t more than the actual cost of the attendance. Cost of Attendance, or COA, covers expenses such as tuition, room and board, books, transportation, and other living expenses. In order to be eligible for a student loan, students must be pursuing a degree, certificate, or license at an eligible school outside their home, whether that's in the United States or in Canada. Non-US citizens are required to have cosigner and it is recommended that US citizens have a cosigner as well to increase the likelihood of being approved for a student loan at a more favorable interest rate. Our most recent innovation has been our international student loan comparison tool which is the first of its kind taking into consideration the needs of foreign students. Students no longer have to check with each lender to see whether they are eligible. Our international student loan comparison tool does all the work so that you can focus on evaluating student loan options to make sure you’ve made the right decision.
CanHELP is an alternative loan program for Canadian college and university students to study in the USA and approved schools throughout the world. The loans are offered by the International Education Finance Corporation (IEFC) working in conjunction with Bank of America, Fleet Boston, Citizens Bank, and The Education Resources Institute (TERI). Students may borrow up to the full cost of education, including tuition, fees, and room and board. Graduate students may borrow a maximum of $15,000 per year without a co-signer, or up to cost of education with a co-signer. The minimum loan amount is $1,000 per academic year. Students may take up to 20 years to repay the loan. There is a $50 minimum payment and some deferment provisions. The interest rate is the prime lending rate plus 0.5%. Undergraduate students must have a creditworthy Canadian citizen as co-signer. There is a 8.5% guarantee fee for undergraduate and graduate students with a co-signer. Graduate students can apply without a co-signer if they pay a 7.5% guarantee fee at disbursement and a 2% guarantee fee at repayment which will be financed into the loan. For more information write InternationalStudentLoan.com, 224 First Street, Neptune Beach, FL 32266, USA or visit International Student Loan, or send email to service@internationalstudentloan.com. Many international students take out student loans to help fund their studies abroad. For Canadian students studying in the US or US students studying in Canada, we offer international student loans that can help cover up to the total cost of your education. All Canadian students who apply for an international student loan are required to have a cosigner. US students are not required to have a cosigner, however it can improve their chances of getting approved and can also lower the interest rate. Visit our cosigner page to learn more about how to find the right person to cosign your student loan.
Canadian and US students can borrow up to the total cost of attendance, minus any other aid they receive. This sum must be verified by their school to ensure that the student loan isn’t more than the actual cost of the attendance. Cost of Attendance, or COA, covers expenses such as tuition, room and board, books, transportation, and other living expenses. In order to be eligible for a student loan, students must be pursuing a degree, certificate, or license at an eligible school outside their home, whether that's in the United States or in Canada. Non-US citizens are required to have cosigner and it is recommended that US citizens have a cosigner as well to increase the likelihood of being approved for a student loan at a more favorable interest rate. Our most recent innovation has been our international student loan comparison tool which is the first of its kind taking into consideration the needs of foreign students. Students no longer have to check with each lender to see whether they are eligible. Our international student loan comparison tool does all the work so that you can focus on evaluating student loan options to make sure you’ve made the right decision.