international student loan - please help - The Beat The GMAT Forum

Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pm; Location: Milpitas, CA; Thanked: 1854 times; Followed by:523 members; GMAT Score:770

by Anurag@Gurome » Wed Apr 28, 2010 11:15 pm

Most top MBA programs have arrangements with major student loan providers to offer co-signer-free loans. Many of these options are open to international students who have no U.S. credit history. The terms of the loan, however, are better if you have either a co-signer, a U.S. credit history, or both. A typical example of these options is included in the following link to a PDF (this one is for the MFE program at UC Berkeley-Haas)

https://mfe.haas.berkeley.edu/download/i ... _loans.pdf

Hope that helps.

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rasha4: Junior | Next Rank: 30 Posts; Posts: 13; Joined: Mon Dec 22, 2008 3:50 am

by rasha4 » Wed May 05, 2010 11:39 pm

thank you so much for your help!
i have been accepted into the MBA programs of GWU & fordham but neither has any arrangement regarding international student loan, what do u suggest?
thank you

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GMAT/MBA Expert

Anurag@Gurome: GMAT Instructor; Posts: 3835; Joined: Fri Apr 02, 2010 10:00 pm; Location: Milpitas, CA; Thanked: 1854 times; Followed by:523 members; GMAT Score:770

by Anurag@Gurome » Thu May 06, 2010 12:05 am

Contact CitiAssist and other private lenders. Many of them allow loans without cosigners. Here is what CitiAssist says on its website:

You may apply for a private loan on your own or with a co-signer. Since private loans are credit-based, applying with a creditworthy co-signer may increase the likelihood of your approval and may help you get a lower interest rate.

Hope that helps.

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