Durga Nannu Dengindhi

Eligible loan programs generally issue loans based on the credit history of the applicant and any applicable cosigner/co-endorser/coborrower. This is in contrast to federal loan programs that deal primarily with need-based criteria, as defined by the EFC and the FAFSA. For many students, this is a great advantage to private loan programs, as their families may have too much income or too many assets to qualify for federal aid but insufficient assets and income to pay for school without assistance.Many international students in the United States can obtain private loans with a cosigner who is a United States citizen or permanent resident. However, some graduate programs have a tie-up with private loan providers and in those cases no cosigner is needed even for international students.