Hi All,
I have a few admits and am considering which offer to take up currently depending on availability of student loans. I am an international student and do have a U.S. cosigner. Can someone who has gone through the experience please answer the following?
1. How much time does it usually take for an organization to approve a loan to international students?
2. Would it be possible for me to secure a loan prior to my entry into America? I will be much more comfortable if I know before arriving whether I will be able to finance my education.
3. Under what circumstances do organizations reject loan applications? Are rejections common?
4. If my cosigner has healthy income stream, but also has a home mortgage and car loans, is it likely that my loan application will get rejected? I understand that this is very subjective but I just want to know if it is a possibility; I will be stuck in a very difficult position if I enroll and do not end up getting a loan.
Thanks in advance