Private banks offer loan programs for educational costs. Most of these loans will require a co-signer who is a U.S. citizen. Interest rates generally are variable. The borrowing limit for private loans is the total cost of education for the academic year (as defined by Johns Hopkins University) less any financial aid or scholarships already received.
As a service to students and their families, Johns Hopkins University makes available this link to the Maryland Student Loan Marketplace which assists in comparing private loans and in identifying potential lenders. The Maryland Student Loan Marketplace was designed by the Maryland Independent College and University Association (MICUA) to help students and their families navigate the world of private student loans. The Marketplace is an online, education financing resource that provides students with a transparent process to evaluate private loans. In addition, it provides access to a Learning Center which supplies critical information needed to engage in smart borrowing practices. It is one of many tools that may be helpful when selecting a private loan lender. The University does not endorse or recommend any lender, nor does the University have any financial interest in any lending institution. Students and their families have the right to select the educational loan provider of their choice.
Questions to ask a Private Lender (Top)
-- From the Project on Student Debt (see website below)
Consumer Information on Student Loans (Top)
For more information on comparing lender benefits, see the following website:
For questions to ask when considering a private loan, see the following website:
Information on current market interest rates is available at http://bankrate.com.
Some additional sites with information on private loans for international students are as follows:
www.edupass.org (see to the section on Financing College)
The Rowe Fund Student Loan Program (Top)
Leo S. Rowe Pan American Fund
Every year since 1948, the Leo S. Rowe Pan American Fund program of the
Applications are accepted and reviewed year-round. For more information, and to download the application forms, visit http://www.oas.org/rowe.