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Financing your MBA - International Students

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Manager
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Re: Financing your MBA - International Students [#permalink] New post 04 Nov 2012, 14:08
ace312 wrote:
Just keeping this thread active for a second year in a row, thanks first to the OP for bringing this topic up. I was curious to know if you guys had any info on how an international applicant's US credit history impacted securing student loans from the school's credit unions. My background is I am currently on H1B and I have lived in the US for a good 10 years. I have a good credit history. Does this impact the credit rate I might receive should I go for a US loan?

Also, I think this goes without saying that it is important to check if a school offers a loan without co-signer prior to applying. From what I heard last year, McCombs Austin does not offer student loans.


I am not an expert to this but from what I know, you cannot get the US loans because you are not a citizen/permanent resident. If I recall correctly, H1-B visa is not classified as permanent resident but you would know that better than me by now.

However, If you could find a co-signor, I think that you would get a better rate than an international student with the same co-signor, and that is so because of your credit-history. You should be able to easily find it out though, just try contacting any bank in the US that offers grad school loans.

Hope it helps
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Re: Financing your MBA - International Students [#permalink] New post 11 Jan 2013, 00:45
Hi I am an Indian thinking about doing MBA in US . I have a few questions which are making me kind of tense . Can you please help me answer them .

What is the current scene for Indian Students studying in (M7 +Next 8) Business Schools in US?Are they able to get good jobs after MBA ?How much role does Visa sponsoring play in final FT Recruiting for Indians there who doesn't have work permit/green card ?Is the competition tough for foreign graduates (~around 40% of the class I guess ) as the firms may have limited quota for foreign students.
How are the job prospects for MBA graduates in the current market ?(for foriegn students especially )

I am planning on my MBA and I was shortlisting schools .I would like to know your honest opinion on this.Is it worth taking 100k + loan and apply to US MBA schools.I don't have that kind of money but I am willing to take risk if it really worth?
and approximately in How much time an average MBA graduate is able to repay that loan .
THANKS for your help answers in advance :)
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Re: Financing your MBA - International Students [#permalink] New post 18 Nov 2014, 21:37
Hi everyone, let me add some new information into this topic.

I am an international MBA student, currently on my first year at Michigan Ross, where up until recently there was no loan option for internationals. And, as you know, private financing institutions usually require US co-signers, so this is frequently a problem to most of us.

But now, Prodigy Finance is offering possibility of loans to international students at Ross and many other schools without requiring an US co-signer.
The loans are funded by a community of alumni investors, and by other investors who wish to support higher education.

I am taking a loan from Prodigy, and I am also an ambassador of the program, so I will be more than happy to share more information with you.

Here goes some quick info about Prodigy:
- 150 nationalities covered
- Competitive interest rates
- No collateral, guarantees, or co-signers required
- Easy online process
- No repayments while you study
- Excellent customer service

Currently, Prodigy has programs at Cambridge Judge Business School, Cass Business School, Columbia Business School, Cranfield School of Management, ESMT, INSEAD, London Business School, Manchester Business School, Oxford Saïd Business School, and Vlerick Business School. And they are expanding and adding new programs, so please check the website!
Re: Financing your MBA - International Students   [#permalink] 18 Nov 2014, 21:37
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