bb wrote:
Thank you for the suggestions. What would you ideally want to hear in a review of MBA Student loan companies? What info are you looking for?
Hi BB,
I'm not a student (ah, the good ol' days!), but here are a few aspects that many applicants working with us want to know about financing companies.
But we can't help them as that's not an area of expertise for us.
On the technical side:- Does the company offer collateral free loans?
- What does the loan cover? Tuition only, or living expenses. In full or partial.
- How competitive are the interest rates compared to others in the market?
- How easy is it to navigate the formalities and legalities?
- How helpful is the staff in explaining the terms and conditions to those having a morbid fear of legal jargon.
- Are there any fine-print items that they clearly highlight before signing up?
- What are the moratorium conditions? What happens if the student doesn't get a job after graduation beyond the moratorium period?
On the personal side:- How friendly, patient and understanding are the advisors?
- Do they aggressively push for closure or do they encourage questions and clarify doubts?
- How flexible are the company policies in case of genuine hardship issues that students may face during the course or after graduation?
- Can they connect prospective loan applicants with past clients (from the same school, country or origin)?
Am sure others will be able to add other points that'll help applicants review & compare companies and take an informed decision.
But I hope it's a good list to trigger some ideas.