Baracuda123 wrote:
I had a question regarding the financing option for international students. BTW, after my research on this topic I believe it is about time for international GMAT-clubbers to make a topic only concerning MBA financing for international students - loans, scholarships, fellowships, outside sources, visa issues etc. Obstacles are different and it is not all about what is the best interest rate in current market or what bank is the best lender, although these discussions are much appreciated.
Anyway, to get back to the question. I looked into Kenan-Flagler and really liked the program. Then I glanced at financing options and was happy to hear that it offers no co-signor loans to international students. But to my disappointment, when I downloaded a financial aid brochure I realized that the loans cannot cover living expenses (sigh). So I am guessing that, basically, they expect an Eastern European like me to shell out $29K, which I don't have, each year on top of the loans I would need to get Image may be NSFW.
Clik here to view.
. Basically, the best option for me seems to be to get a co-signor and hope that I would be allowed to borrow money to cover living expenses.
So my question is, are international students with a US co-signor allowed to borrow for living expenses? I have a relatives in US who might be interested to help out (and seem to be well off) but I am not sure how much of a burden would those loans impose on their credit score...any ideas? Oh and what are exactly fellowship?
Anyway, to get back to the question. I looked into Kenan-Flagler and really liked the program. Then I glanced at financing options and was happy to hear that it offers no co-signor loans to international students. But to my disappointment, when I downloaded a financial aid brochure I realized that the loans cannot cover living expenses (sigh). So I am guessing that, basically, they expect an Eastern European like me to shell out $29K, which I don't have, each year on top of the loans I would need to get Image may be NSFW.
Clik here to view.
. Basically, the best option for me seems to be to get a co-signor and hope that I would be allowed to borrow money to cover living expenses.So my question is, are international students with a US co-signor allowed to borrow for living expenses? I have a relatives in US who might be interested to help out (and seem to be well off) but I am not sure how much of a burden would those loans impose on their credit score...any ideas? Oh and what are exactly fellowship?
eek, not only the 50K cap a year but Prime Rate + 5.00% variable with origination fee of 2%. International students have it rough, I would honestly look for other options...
With a cosigner, you can go through a private lender and receive a loan up to the schools total cost (tuition + living expenses and whatever else they roll into it)
