Borrowers must be U.S. citizens or
permanent resident aliens without conditions and with proper evidence of eligibility, must be of the age of majority or older at the time of loan application, must have earned a bachelor's degree or higher from an Education Loan Finance approved post-secondary institution and program of study, and must reside in a state in which Education Loan Finance is authorized to lend.
An illegal
alien who entered the United States
without inspection, for example, would be strictly defined as an immigrant under the INA but is not a
permanent resident alien.