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Loans for internationals?

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Senior Manager
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Loans for internationals? [#permalink] New post 16 Dec 2008, 09:21
Since Citi no longer has loans for internationals without a co signer,are there any other options?

Kinda stuck now, any advice would be appreciated!
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Re: Loans for internationals? [#permalink] New post 16 Dec 2008, 10:17
yah that's really a concern ... not so sure whether u can have any loan from ur home place. If u r admitted to a top school, it might be easier to apply for those like Fulbright scholarship etc.
When I asked, most of the schools said that try to secure the fee for 1st yr, then "we can think of something for the 2nd year" (but frankly i dun know how :|)
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Re: Loans for internationals? [#permalink] New post 16 Dec 2008, 11:30
Unfortunately I cannot get a loan from my home country becuase of some rules that I don't qualify for (they only give loans to first time oversea studies, whereas I did my undergrad overseas as well..) so now I don't know what to do....this reallly sucks. If anyone has info please share!
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Re: Loans for internationals? [#permalink] New post 16 Dec 2008, 11:57
well...
I have used a local bank to finance my wife's education. i opened an account with a local credit union and received a $20K limit credit card with 7% APR. not bad. If needed, I could increase the credit limit by putting up a request...
The good thing is that any late payments on that account dosen't go against my credit history. Bad thing is that payment starts immediately, whereas in a student loan I could wait till her graduation to start payments.
But since I am working, and my wifes tuitions are not that high, this works best for me. I wanted to avoid the hassle of doing all the paperwork for this amount.

Hope this helps....Its not that much, but someone might find it helpful..
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Re: Loans for internationals? [#permalink] New post 16 Dec 2008, 12:27
dubuque wrote:
well...
I have used a local bank to finance my wife's education. i opened an account with a local credit union and received a $20K limit credit card with 7% APR. not bad. If needed, I could increase the credit limit by putting up a request...


It is expected that banks are going to reduce credit lines by $2 trillions in the coming months.So not a gud idea to borrow on credit cards for education.
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Re: Loans for internationals? [#permalink] New post 16 Dec 2008, 15:25
aceman626 wrote:
Since Citi no longer has loans for internationals without a co signer,are there any other options?

Kinda stuck now, any advice would be appreciated!



Really depends on the program you are going to. The UE's all will have some program or the other in place (I think UChic said that) and I believe there are a couple of private loan company's too (not sure of the name but I had used one in my undergrad). Try the admissions office or the fin aid office once you get in of your school.
Re: Loans for internationals?   [#permalink] 16 Dec 2008, 15:25
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