The interest paid on the loan for international students/graduates used to pay off a loan in their home country is not eligible for tax deductions.
The loan is considered a personal loan in the U.S. based on government regulations and reported the same to credit bureaus. You will see the loan reported to credit bureaus approximately 30-60 days after the loan is disbursed. This is a personal loan used to refinance an existing student loan.
We offer loans to help immigrants, non-U.S. citizens, and visa holders at low rates to help them save money and improve financial stability. But all loans are considered personal loans even if they are used to refinance an existing student loan in the home country.
At this time, we are not able to convert a student loan from outside the U.S. to a qualified student loan in the U.S.
For student loans originated in the U.S. from a U.S. based banking or financial institution, we don't transfer the original loan to Stilt as a student loan. So, you will lose tax benefits in that case.
Please make your refinancing decision taking these things into consideration.