How would I go about paying student loans if I move overseas?
I’m preparing to start college pretty soon and I’ve been trying to work out the next couple of years in my head. My plan is to go to a college here in the United States and pay for it via a student loan. Afterwards, I plan to leave the country and move overseas permanently. How would I go about paying off a student loan if I move overseas? Would I still be able to get a federal loan or would I have to rely on a private loan that I can pay off with an online U.S. bank account that I transfer money to? I’m assuming I could just pay it off with a credit card but I’ve heard that some private loans don’t accept credit cards anymore.
I’ve been hearing mixed answers to this question, so I’d like to get some advice to point me in the right direction.
As long as you are a US citizen or eligible non-citizen you can get federal student loans. The fed government does not ask (or care) about your plans to move out of the country upon graduation so no need to delve into the private student loan industry. When you leave the country you simply keep a US bank account. With internet banking from anywhere, making your federal student loan payments should be easy. Many federal lenders will even give you a better interest rate if you set them up to auto-draft directly out of your bank account.
