In this issue: Understanding loan terms, steps to finding a loan, benefits of social media, and available computer science scholaship!

Financial Aid Newsletter

October - Issue #7

Welcome to the October issue of our Financial Aid Newsletter for international and study abroad students brought to you by, and

Here’s what we have in store for you in this month’s newsletter: our handy guide to understanding student loan terms, a quick-start on how our loan comparison tool works, ways you can get social with us, plus an opportunity for computer science students to apply for a scholarship. Enjoy the remainder of October and this month’s newsletter!

Plus, don’t forget that there is only a week left to enter the Travel Video Contest - find out more here.

The International Financial Aid Team


Understanding Student Loan Terms

Whether you’re still dreaming about your international education, or you’ve just received your first loan payment for your semester abroad, find out everything you need to know in our handy guide on student loan terms. International student loans can be helpful, but it’s also important to know the ins and outs of what to expect.

How to Use our International Student Loan Tool

If you need to find out if you’re eligible to apply for an international student loan, by far the easiest way to do so is to use the loan comparison tool on - but how does it work?

  1. Answer a few simple questions about your nationality and where you are studying
  2. Click “Find My Loan” - the tool will search for a lender based on your answers
  3. Review your list of student loan lenders, select the student loan that meets your needs and start the online application

Are you following IEFA on social media?

Do you have a story to share about your international education? Why not share it by tagging @iefaorg. We would love to hear from you whether you’re already “living the dream” and studying outside your home country, or whether you’re making plans for your adventure. Plus, we might be able to suggest a few financial aid options based on your situation!

Computer Science Scholarship

This is a scholarship opportunity for any student studying or approved for enrollment on a computer science-related or STEM course at a university or college in the United States.

The chosen beneficiary will receive an educational technology grant of $1,000. The deadline for applications is March 1, 2020 and you can find more details below:

Reminder: Travel Video Contest Entries Due October 15th

If you’re hoping to be an international student and have a specific school in mind, or if you’re already an international student with a dream trip you’ve always wanted to take, the judges would love to see your video.

There are five unique prizes this year, so put the finishing touches to those films and submit them before the deadline! All contest details can be found on the main contest page:

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