Hi, everyone,

I am an international student and I will study in Georgetown the fall 2006. I plan to finance my study by bank loan. I really appreciate any suggestions, advice or personal expirience regarding this process. Can you recommend my sone banks. I should find funds before applying for visa. Thanks in advance!

Hi, everyone,

I am an international student and I will study in Georgetown the fall 2006. I plan to finance my study by bank loan. I really appreciate any suggestions, advice or personal expirience regarding this process. Can you recommend my sone banks. I should find funds before applying for visa. Thanks in advance!

Ok, but if i have a co-signer who is an American citizen or a permenet resident, what is the percedure? Is it long? In which banks did you apply?

The promissory note issuance takes around 48 hours from the date of the application receipt at http://www.internationalstudentloans.com. You can expedite the procedure by having your US Co-signer fax the application form, otherwise you'd have to wait till the application gets through over standard mail. Hope this will do.

Hey!
I have the same problem.. How about a retired American-citizen co-signer??

What truly matters is the credit-worthiness of the co-signer regardles of whether he/she is presently working or retired.

What about getting a loan in your home country? It would be easier to find co-signers there.

I am finding it difficult to get loan for LLM.(In my home country or in US.)
Loans are readily available for degrees like MBA bcos I guess better probablility of getting their(bank's) money back.

Roberto27, thanks for your advice.
I cannot take a bank loan from a local bank (I am from Bulgaria). In my country the bank loan for study doesn't exist as an option.

How are you doing in order to procure your university with the proof of funding needed for the release of the I-20?

Taday I will talk with them. I don't know if they give me a I -20 form when I will have a bank loan approved, bbecause it is not written as an option for financing.

Hi, everyone,

I am an international student and I will study in Georgetown the fall 2006. I plan to finance my study by bank loan. I really appreciate any suggestions, advice or personal expirience regarding this process. Can you recommend my sone banks. I should find funds before applying for visa. Thanks in advance!

That's right. There are some Universities that have agreements with banks to allow their prospective students to take a loan in the US, without a US co-signer.

NYU has that kind of agreement with Citibank. The bad part is that the interest rate is Prime + 2%, in spite of Prime - 2%.

Hi

I am on the same problem, I want to study in Canada and I am from Mexico but they have the same rule because the loan is through USA Banks and it really is hard to get a US Citizen co-signer.

Maybe this will makes you laugh but I was wondering if there is some kind of "international co-signer services" or something like that????.

In Mexico we have school loans but it is only for Mexican universities..

Cheers

Joinathan, I would really like to know the answer to your question too. It would be great if someone who has the information on this issue, just lets us know.

Also, Mariyah, you wrote:
Taday I will talk with them. I don't know if they give me a I -20 form when I will have a bank loan approved, bbecause it is not written as an option for financing.

This is the first time I 'm applying for a university in the States. Do you mean that if someone has a bank loan approved, she will not be given her I-20 form simply because she has applied for a loan to finance their education?
Thank you.

My guarantee was initially a loan (made into a scholarship after I passed all my classes), and I had no trouble getting my I-20. I don't think they care how you get the money, as long as you have proof that you will have it. A lot of people finance their education by loans, so this makes sense.

The Office of Intrnational Students Services requires a "proof of funds" documents, preferably issued by a Bank confirming that funds shall be available for study of the applicant. The office is not concerned whether the "funds" are from personal savings, loans from private sources or proceeds of loan sanctioned by the Bank.

The US Government requires the Universities to mention in form I-20 about source of funding.

I would like to know if There are some Universities that have agreements with banks to allow their prospective students to take a loan in the US, without a US co-signer. I´m Argentinien so I need a loan for study at US. Does anybody know about it ?

Try your Local HSBC

http://www.us.hsbc.com/1/2/3/personal/other-services/student/loans

Link above is an ad for HSBC Educational Loan for participting countries