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Financing your MBA - International Students

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Joined: 09 Jul 2012
Posts: 60
Followers: 0

Kudos [?]: 11 [0], given: 29

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
Joined: 13 Dec 2012
Posts: 41
Location: United States
GMAT 1: 700 Q49 V35
Followers: 2

Kudos [?]: 9 [0], given: 18

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 :)
Re: Financing your MBA - International Students   [#permalink] 11 Jan 2013, 00:45
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1 Financing for International Students/Applicants widerangeinput 4 04 Apr 2010, 00:02
1 Non-US internationals: How do you finance your FT MBA? branson 8 11 Jan 2008, 05:53
3 MBA Loans for International Students Hjort 6 26 Aug 2005, 21:51
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