Canadian Higher Education Loan Program (CanHELP)

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.

Share this

Related Posts

Latest
Previous
Next Post »

13 comments

comments
January 18, 2017 at 3:47 AM delete

Thank you for sharing such great information. It has help me in finding out more detail about Education Loan In India!

Reply
avatar
March 16, 2018 at 6:30 AM delete

Thank you for sharing this information which has helped me to know more about Auxilo Educational Loan For Abroad

Reply
avatar
September 22, 2018 at 6:25 AM delete

Thanks for sharing the information. Great post would like to know more on Education Loan For Abroad

Reply
avatar
October 5, 2018 at 3:43 AM delete

Much obliged to you for sharing such extraordinary data. It has help me in discovering more insight aboutHigher Education Loan

Reply
avatar
October 15, 2018 at 3:51 AM delete

Much obliged to you for sharing such extraordinary data. It has help me in discovering more insight aboutHigher Education Loan

Reply
avatar
October 23, 2018 at 4:33 AM delete

Thank you for sharing this information it has helped me to know more about Educational Loan In India

Reply
avatar
December 10, 2018 at 5:16 AM delete

Thank you for sharing this information. It has helped me to know more about
Education Loan In India

Reply
avatar
January 17, 2019 at 1:21 AM delete

The great blog about Educational Loan .Thanks for sharing the blog, seems to be interesting and informative too.Could you help me to find more detail about Educational Loan

Reply
avatar
March 12, 2019 at 5:11 AM delete

Education Loans has really helped students to fulfill their educational goals in life. Also for more such Blog visit - Higher Education Loan

Reply
avatar
June 26, 2019 at 6:33 AM delete

It was really pleasure to read such a beautiful piece of Article. It just should have elaborated more to get the proper insights but if you are looking for more information just continue to - Education Loan For Mba Students

Reply
avatar
July 4, 2019 at 4:02 AM delete

Economic problem is the biggest obstacle which comes in the students life to further continue their studies and because of this they quit. To solve this problem the Education Loans In India comes into rescue. It helps alot to students with less interest. Thanks for sharing such a helpful information.

Reply
avatar
July 30, 2019 at 2:18 AM delete

Thank you for sharing this information. It has helped me to know more about Higher Education Loan

Reply
avatar
July 30, 2019 at 2:20 AM delete This comment has been removed by the author.
avatar