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Re: A thread for applicants from over-represented pools [#permalink]
finmaster wrote:
Aximili85 wrote:
One needs a US citizen cosigner for American B-school loans, and our local government banks won't cover educational loans of that magnitude.


Wharton:


financing-your-mba-international-students-95916.html


Thank you Finamster, very helpful.. but my understanding is that these are limited to specific schools, other programs don't have these offers.. there seems to be no generic fall-back for other schools.
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Re: A thread for applicants from over-represented pools [#permalink]
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Kudos
Did some additional Googling, for:
*Michigan Ross we're on our own, here's a link of banks from our domestic countries Ross' website recommends we approach for loans. For us Indian students, that's going to be hefty Interest rates =S
https://www.bus.umich.edu/pdf/IntlFundin ... tion12.pdf

Private US loans are totally off-limits to those of us without US cosigners:
https://www.bus.umich.edu/admissions/fin ... rivate.htm

*Duke: good news ,they have an option "Coastal Federal Credit Union International Student Loan Fuqua is proud to offer a student loan program for international students through Coastal Federal Credit Union (Coastal). Coastal is a successful and long-standing financial institution and does not require a co-signer. You are applying directly for a line of credit with Coastal. A credit union is a bit different from a traditional bank in that you must become a "member" and establish a small savings account of $25 to utilize their loan services. Coastal offers a very competitive rate of prime plus 5% with no fees. With the current prime rate of 3.25%, the rate would be 8.25%."
https://www.fuqua.duke.edu/financial-aid ... aytime-mba
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Re: A thread for applicants from over-represented pools [#permalink]
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Berkeley has a non-cosigner option too! There's hope amigos =)
"We have partnered with a credit union to provide a no-cosigner option by assuming some of the risk on your behalf. For more information see the International Student Loans section of the Financial Aid website."
https://www.haas.berkeley.edu/mba/finaid ... dents.html
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Re: A thread for applicants from over-represented pools [#permalink]
Aximili85 wrote:
Thank you Finamster, very helpful.. but my understanding is that these are limited to specific schools, other programs don't have these offers.. there seems to be no generic fall-back for other schools.


I just mailed CBS, MIT, and TUCK and sought more info from them.

As far as Harvard, Stanford, Wharton, Kellogg, and Booth are concerned, the answer is in the positive.

I suggest you too take a similar approach. What do you care about the schools you're not going to apply to? :P

BTW, I would not worry too much about a few percentage points on interest here and there. When you look at what an MBA from a top school will give you in the long-term, it doesn't really matter much.
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Re: A thread for applicants from over-represented pools [#permalink]
NYU Stern:

UFSB Stern International Loan
The NYU Stern School of Business has collaborated with The First Marblehead Corporation and Union Federal Savings Bank to create a loan program for eligible international Stern graduate students with no co-signer required. For more information, please contact the Stern Graduate School financial aid office at fin-aid@stern.nyu.edu or call us at 212-998-0790.

Disclaimer: Mr. William R. Berkley, a Vice Chair and Trustee of NYU, is Lead Director and a shareholder of The First Marblehead Corporation, which is the facilitator of this loan program and the parent company of both the lender, Union Federal Savings Bank, and the loan processor, First Marblehead Education Resources, Inc. Mr. Berkley disclosed his relationships to both NYU and First Marblehead, and has confirmed that he has not participated and will not participate in any aspect of the loan program on behalf of NYU, First Marblehead or their affiliates. NYU's Board of Trustees followed its conflict of interest policy in approving this loan program and will continue to follow such policy as it may apply in connection with this loan program.

https://www.stern.nyu.edu/portal-partner ... /index.htm
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Re: A thread for applicants from over-represented pools [#permalink]
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I also saw this:

Global Student Loan Corporation (GSLC):

https://www.globalslc.com/
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Re: A thread for applicants from over-represented pools [#permalink]
haha good point, that's why i disregarded your first mail actually :-D
Jokes apart, yes I agree if its the difference between 6 and 8% one can overlook, its when its 7 and 11% that I start sweating a bit, hard to look beyond MBA right now when I'm thinking of shelling out half of my savings for one StacyBlackman essay and the other half for school visits.. =(
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Re: A thread for applicants from over-represented pools [#permalink]
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Aximili85 wrote:
haha good point, that's why i disregarded your first mail actually :-D
Jokes apart, yes I agree if its the difference between 6 and 8% one can overlook, its when its 7 and 11% that I start sweating a bit, hard to look beyond MBA right now when I'm thinking of shelling out half of my savings for one StacyBlackman essay and the other half for school visits.. =(


Honestly, if I get into a school of my choice, I wouldn't care even if the rate were 15%.

IMHO, an MBA from a top school is the best investment I could ever make. Period.
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Re: A thread for applicants from over-represented pools [#permalink]
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