No Cosigner Study Abroad Loans | Best Student Loan Up To $200m

Studying abroad is a dream for many students, offering the chance to experience new cultures, gain a global perspective, and enhance educational opportunities. However, financing this dream can be challenging, especially if you don’t have a cosigner for a student loan. Fortunately, there are several no cosigner study abroad loan options available. This post will explore some of the best options to help you fund your international education journey.

Why No Cosigner Loans?

A cosigner is often required by lenders to mitigate the risk associated with lending to students who may not have an established credit history or income. However, not everyone has access to a willing and qualified cosigner. No cosigner loans provide an opportunity for students to secure the necessary funding independently.

Top No Cosigner Loan Options

1. MPower Financing

MPower Financing ↱ specializes in providing loans to international and DACA students. They offer loans without requiring a cosigner, credit history, or collateral. MPower Financing also provides career support and visa guidance services.

Key Features:

  • Fixed interest rates
  • No prepayment penalties
  • Loans available for undergraduate and graduate students
  • Available to students from over 190 countries

2. Prodigy Finance

Prodigy Finance ↱ offers loans specifically for international graduate students. They don’t require a cosigner or collateral, and their lending decisions are based on the student’s future earning potential.

Key Features:

  • Competitive variable interest rates
  • No cosigner required
  • Loans available for students attending over 750 schools worldwide
  • Grace period of 6 months after graduation before repayment starts

3. Stilt

Stilt ↱ provides loans to international students and visa holders in the U.S. without requiring a cosigner. They focus on providing financial services to immigrants and underserved communities.

Key Features:

  • No credit score required
  • Competitive interest rates
  • Flexible repayment terms
  • Fast approval process

4. Ascent Student Loans

Ascent ↱ offers both cosigned and non-cosigned loan options. Their non-cosigned loans are based on the student’s creditworthiness, school, and program.

Key Features:

  • No cosigner required for certain loan options
  • Fixed and variable interest rates available
  • 1% cash back graduation reward
  • Flexible repayment plans

5. Sallie Mae

Sallie Mae ↱ is a well-known provider of student loans in the U.S. While they typically require a cosigner, they offer a Smart Option Student Loan for those who meet specific credit criteria without a cosigner.

Key Features:

  • Competitive interest rates
  • Multiple repayment options
  • No origination fees or prepayment penalties
  • Available for undergraduate and graduate students

Tips for Applying for No Cosigner Loans

  1. Research Thoroughly: Each lender has different eligibility criteria and terms. Compare your options to find the best fit for your needs.
  2. Prepare Your Documents: Gather all necessary documents, such as proof of enrollment, identification, and any financial information required by the lender.
  3. Showcase Future Potential: Emphasize your academic achievements and career prospects, as some lenders base their decisions on your future earning potential rather than current financial status.
  4. Consider Interest Rates and Repayment Terms: Look for loans with favorable interest rates and flexible repayment options to ensure manageable debt after graduation.


Securing funding for studying abroad without a cosigner is possible with the right resources and preparation. By exploring the options provided by lenders like MPower Financing, Prodigy Finance, Stilt, Ascent, and Sallie Mae, you can find a loan that suits your needs and helps you achieve your educational goals. Make sure to research and compare the terms carefully to make an informed decision.

For more detailed information and to apply, visit the respective lender’s website through the links provided above. Happy studying abroad!