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# Financial Aid Discussion for Internationals

Author Message
Senior Manager
Joined: 12 Nov 2006
Posts: 469

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

Re: Financial Aid Discussion for Internationals [#permalink]

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18 Mar 2008, 20:39
Wow, that's pretty good...I thought only HSW would offer that kind of aid to internationals.

Still though, does anyone else have ideas on how to get additional loans, if you can only get tuition loans from your school?

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

Intern
Joined: 19 Oct 2007
Posts: 24

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

Re: Financial Aid Discussion for Internationals [#permalink]

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24 Mar 2008, 21:02
nc

where you able to figure out what loan to use? I'm in a similar situation also, and am not sure what to do yet.

Would a cosigner help in getting a loan?

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Current Student
Joined: 10 Dec 2007
Posts: 327

Kudos [?]: 23 [0], given: 0

Re: Financial Aid Discussion for Internationals [#permalink]

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25 Mar 2008, 07:40
a US co-signer will ALWAYS help you and widen your choice CONSIDERABLY. I wish I had one. But I dont dare to ask people to cosign 80 grand loans...

Kudos [?]: 23 [0], given: 0

Senior Manager
Joined: 12 Nov 2006
Posts: 469

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

Re: Financial Aid Discussion for Internationals [#permalink]

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25 Mar 2008, 08:57
hey branson, you're international? that's cool, i don't know many internationals who play lacross....

go bears.

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

Manager
Joined: 25 Jan 2008
Posts: 91

Kudos [?]: 1 [0], given: 0

Re: Financial Aid Discussion for Internationals [#permalink]

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01 Apr 2008, 06:42
Ross certainly seems better than Chicago in this regard. 5% insurance fee is quite a bit...

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Senior Manager
Joined: 30 Mar 2007
Posts: 496

Kudos [?]: 22 [0], given: 0

Schools: Darden '15
GMAT Date: 12-07-2011
Re: Financial Aid Discussion for Internationals [#permalink]

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02 Apr 2008, 16:08
Yeah Ross is gret when it comes to loans and giving out free money

but, all internationals are supposed to show about 8K in the bank for the I-20 to get issued (8K beyon the amount that the loan covers) . I have like 0 USD saved in liquid money that I can show so now i am trying to figure out how to come up with 8K in about a month
_________________

GO BLUE !!!

Kudos [?]: 22 [0], given: 0

Senior Manager
Joined: 12 Nov 2006
Posts: 469

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

Re: Financial Aid Discussion for Internationals [#permalink]

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02 Apr 2008, 20:18
8K only?? cornell wants proof of 130K !!! jeez. Altho after you get the I-20 and Visa you can get a tuition loan so you don't have to spend the whole 130K, but still...

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

Senior Manager
Joined: 30 Mar 2007
Posts: 496

Kudos [?]: 22 [0], given: 0

Schools: Darden '15
GMAT Date: 12-07-2011
Re: Financial Aid Discussion for Internationals [#permalink]

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02 Apr 2008, 23:45
So you have to show the entire tuition+expenses money before you can a apply for I-20 and visa? That doesn't make sense, since ... why would you need a loan if you already have the money, and you need to have access to 130K to show them, right?

I know 8K is not all that much but when you have not planned on it, it becomes a really bad surprise

aceman626 wrote:
8K only?? cornell wants proof of 130K !!! jeez. Altho after you get the I-20 and Visa you can get a tuition loan so you don't have to spend the whole 130K, but still...

_________________

GO BLUE !!!

Kudos [?]: 22 [0], given: 0

Current Student
Joined: 10 Dec 2007
Posts: 327

Kudos [?]: 23 [0], given: 0

Re: Financial Aid Discussion for Internationals [#permalink]

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03 Apr 2008, 05:52
Does anyone know how a financial statement should look like?

I mean, noone has 150k in the bank, and as Darden said, I am not going to take out a loan NOW, but rather in September, when payments are due.

what is the bank supposed to write on that statement?

I am completely clueless...

Kudos [?]: 23 [0], given: 0

Intern
Joined: 13 Jul 2009
Posts: 4

Kudos [?]: 2 [0], given: 0

Schools: Kellogg, MIT, Haas, Stanford, McCombs
Re: Financial Aid Discussion for Internationals [#permalink]

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31 Dec 2009, 04:16
I am not sure if this is the right forum.
I am an Intl Student from India planning to attend Fall 2010. I have an admit from Kellogg and am looking for ways to finance my MBA. Anybody on the forum know how to go about it. Kellogg has two loan options for Intls.
Op A - With US Co-signer - 7.5%
Op B - With Intl Co-signer - 8%

Does anybody else know of any other options for kellogg.

Kudos [?]: 2 [0], given: 0

Manager
Joined: 18 Nov 2009
Posts: 57

Kudos [?]: 9 [0], given: 7

Re: Financial Aid Discussion for Internationals [#permalink]

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17 Feb 2010, 18:40
i was looking around the net for information regarding Stafford Federal loans. Offhand, I'd say I'm not qualified given that I am not a US citizen, but the websites I visit keep saying that it's available for "eligible non-US citizens." This naturally begs the question: WHAT IS AN ELIGIBLE NON-US CITIZEN?!? can someone please shed some light on this matter?

poch

Kudos [?]: 9 [0], given: 7

Manager
Joined: 04 Aug 2009
Posts: 101

Kudos [?]: 28 [0], given: 8

Location: Europe
Schools: Top B-School
Re: Financial Aid Discussion for Internationals [#permalink]

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11 Mar 2010, 17:06
pochcc wrote:
i was looking around the net for information regarding Stafford Federal loans. Offhand, I'd say I'm not qualified given that I am not a US citizen, but the websites I visit keep saying that it's available for "eligible non-US citizens." This naturally begs the question: WHAT IS AN ELIGIBLE NON-US CITIZEN?!? can someone please shed some light on this matter?

poch

It probably means US permanent residents i.e. those with green cards.

Kudos [?]: 28 [0], given: 8

Current Student
Status: Stay focused...
Joined: 20 Apr 2014
Posts: 441

Kudos [?]: 136 [0], given: 753

Location: United States (MI)
Concentration: Finance, Strategy
Schools: Ross School of Business - Class of 2017
GMAT 1: 760 Q50 V41
GPA: 3.2
WE: Project Management (Other)
Financial Aid Discussion for Internationals [#permalink]

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06 Oct 2014, 00:11
Since most of the data here is outdated (from the perspective international aspirants applying in 2014-15 season), I believe we can start a fresh discussion.
_________________

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Received an offer? Congrats! You might want to 'Negotiate the Offer'.

I'm happy to help if you wanna know about Ross & UMich, but please do not come to me with your GMAT issues or questions. And please add a bit of humor to your questions or you'll bore me to death.

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Current Student
Joined: 12 Jun 2014
Posts: 24

Kudos [?]: 5 [0], given: 25

Re: Financial Aid Discussion for Internationals [#permalink]

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17 Feb 2015, 08:51
neo656 wrote:
Since most of the data here is outdated (from the perspective international aspirants applying in 2014-15 season), I believe we can start a fresh discussion.

Where? I am researching CBS and LBS financing options.

Kudos [?]: 5 [0], given: 25

Re: Financial Aid Discussion for Internationals   [#permalink] 17 Feb 2015, 08:51

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