The loans provided by general banking institutions are mostly mortgage loans and credit loans. This kind of application is usually put forward by parents, but there are conditions, such as the need to have a stable job and real estate in the local area, and those who have real estate can apply for mortgage loans. Usually the loan amount is directly related to the value of collateral. In some cities, as long as parents have stable income and good credit in this city, even if they don't have real estate, one parent can apply for credit loans. The loan is in the form of RMB. After the loan is completed, it can be exchanged through our bank and then remitted to your overseas institutions through cross-border remittance service. There is also an unsecured and unsecured study abroad loan provided by an international loan company. More famous is MPOWER financing. This is an American public welfare enterprise. With the endorsement of ETS Education Testing Service Center, TOEFL is provided. Mpower can provide loans up to $65,438+million, of which the maximum loan amount is $50,000 per semester, which can be used to pay all academic-related expenses, not just tuition fees, so it is very flexible to use. The key point is that MPOWER is different from traditional lending institutions. It doesn't need mortgages and guarantors, and it doesn't need local credit scores. It uses big data to calculate the future repayment ability of students according to each applicant's GPA, language performance, major and internship experience.