moving abroad

What Happens to Student Loans if You Move Abroad?

The opportunity to live and work abroad can lead to some memorable life experiences and potential career advancement, but it can also include some challenges when student loans are involved.

Although there is no specific tally from official sources, it is estimated that there are roughly 9 million Americans who live and work outside of the U.S. Based on those numbers, it is reasonable to assume that student loan borrowers are among them.

Here’s what to keep in mind about existing student loan debt as you transition abroad:

  • Understand that moving won’t make your debt disappear.
  • Communicate with your student loan servicer.
  • Keep your loans current.

For more check out the full blog here!

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling® (NFCC®) is the nation's first and largest nonprofit dedicated to improving people's financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

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Bruce McClary
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Email: bmcclary@nfcc.org