Vorskl wrote:
Hello everyone,
I believe the majority of folks over here are not Saudi sheikhs' sons, therefore money will be the issue. Of course everyone counts on scholarships, but I personally prefer to consider the worst-case scenario when a loan will be needed.
Therefore, my starting point in school selection is its ability to offer a loan w/o cosigner (very important for me because the bank system in my home country is virtually non-existent).
The below list (to be updated/detailed) contains some of the top schools that indicated they do offer a loan W/O a cosigner.
Please contribute with clarifications and hints
That's a useful resource that you are building, Sir!
I asked the McCombs School of Business last year and here is the response I got:
"......
All applicants, internationals included, are automatically considered for recruiting scholarships at the time of application and during the admission cycle following. No special application is needed. In addition during the first semester, international students may apply for Current Student Scholarships. Scholarship application forms are available starting in April of the spring semester in the MBA Program Office. However, such scholarships are extremely limited and should not be relied upon. Therefore, international students should be prepared to meet all expenses two full calendar years from their own resources. McCombs suggests $61,000 per year for tuition and living expenses. This does not include tuition and fees for summer courses. We would recommend that you contact the International Office (phone: (512) 471-1211) for more advice on financing your graduate education.
For an international student, there are more loan options (and better loan terms) if the student has a U.S. citizen or permanent resident co-signer, than if they do not.
There are a number of lenders that offer private loans for international students requiring a co-signer. We currently do not have a lender that will offer a loan program to an international student that cannot obtain a U.S. citizen co-signer, or have three years U.S. credit history in his/her own name. As an International student if you have questions about loans you may contact the in-house Financial Aid Officer at 512-471-7698,
FinancialAid@mccombs.utexas.edu.
An alternative loan provides funds from a private lender (bank) of your choice. Most alternative loan lenders require loan certification from the school in order to verify your enrollment and cost of attendance amounts.
Up to the Cost of Attendance (Look for MBA Program column on page 2), minus other financial aid and resources.
Please keep in mind that the tuition and fees at McCombs are quite low, especially for a top business school. McCombs provides the best value in MBA schools by combining a consistently top-ranked program with low tuition costs! For additional financial aid and scholarship information, please visit our site at:
https://mba.mccombs.utexas.edu/admissions/finaid/ If you have any more specific questions about being admitted I would recommend that you follow-up with one of our admissions officers and here is some information to get you started
https://new.mccombs.utexas.edu/MBA/Full- ... ation.aspx.
Regards,
Financial Aid Office"
- Also, I think you should make a coloumn where good schools who don't offer such loans are mentioned. Will be helpful.
Can I share your excel sheet on my blog, if that's okay?
Cheers!