blackcoffee2016 wrote:
Would it be appropriate to contact the FinAid office to ask some very basic questions?
Specifically:
-how feasible is it to obtain 100k-150k in loans?
-if so, how many various sources does one need to reach that level (federal loans and one or multiple private loans, like CommonBond, LendingClub, banks, etc.)
Yes, absolutely. I was fortunate enough to be able to meet the Director of Financial Aid herself at an SOM reception in Mumbai in October, and asked her a couple of similar questions.
You may reach out directly, I'm sure the team will be happy to help.
Just in case this helps, here's what I was told: students can borrow up to 80% of the total cost of attendance. For international students, there are two third party lenders that are most popular and offer student loans to international students without cosigner (
Prodigy and Quorum). Both options have their pros and cons in terms of interest rates, ease of application, etc. So you might want to look up these options and appear slightly better informed before you write to the office. Yale SOM also happens to have worked out a great deal for its students with
Prodigy, which now offers loans at very competitive interest rates to SOM students.
Hope this helps!
Sent from my Mi 4i using
GMAT Club Forum mobile app