International Student Loan Without Cosigner?

39 78

Posted Apr 28, 2009 03:32

Does any bank or financial instn. offer loans to international students without requiring a US citizen/Perm. Res. as a cosigner?

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jags1180

4 8

Posted May 10, 2009 08:37

Considering the current economic climate and the stiff rules imposed by the government, there is no bank that will approve a loan to an international student without cosigner.
Even the pool of banks that loaned for school got smaller. Only Citibank is the one I know is still lending.

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sascha_awa...

25 50

Posted May 10, 2009 11:26

Considering the current economic climate and the stiff rules imposed by the government, there is no bank that will approve a loan to an international student without cosigner.
Even the pool of banks that loaned for school got smaller. Only Citibank is the one I know is still lending.

jags1180 has a point, check out this article I found in a blog: http://blog.accepted.com/acceptedcom_blog/2008/11/28/mba-admissions-no-cosigner-loans-for-international-students.html . It is primarily about MBA-schools, but I guess the situation applies to LL.M. programs as well.

Also, check out this webpage: http://www.edupass.org/finaid/loans.phtml it has some info on no-cosigner loans for international students. Also, it might make sense to check with the university you are going to attend whether they will act as your co-signer. I understand that some schools offer such a service, but I have no insights into how it works in practice.

<blockquote>Considering the current economic climate and the stiff rules imposed by the government, there is no bank that will approve a loan to an international student without cosigner.
Even the pool of banks that loaned for school got smaller. Only Citibank is the one I know is still lending.</blockquote>

jags1180 has a point, check out this article I found in a blog: http://blog.accepted.com/acceptedcom_blog/2008/11/28/mba-admissions-no-cosigner-loans-for-international-students.html . It is primarily about MBA-schools, but I guess the situation applies to LL.M. programs as well.

Also, check out this webpage: http://www.edupass.org/finaid/loans.phtml it has some info on no-cosigner loans for international students. Also, it might make sense to check with the university you are going to attend whether they will act as your co-signer. I understand that some schools offer such a service, but I have no insights into how it works in practice.

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BABC

13 26

Posted May 12, 2009 19:02

Sacha:
Do you know if Berkeley offer this "service" of signing a debt for an international student?
I was addmitted there and this would be great
thanks

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Comandante

23 46

Posted May 12, 2009 19:26

Sacha:
Do you know if Berkeley offer this "service" of signing a debt for an international student?
I was addmitted there and this would be great
thanks

they don't, I was admitted at UCB, applied for financial aid, asked about their ability to co-sign (when considering appyling for US based loan), tried about everything but nothing worked, i ended up getting a loan in my home country, but then decided that i would postpone to get my finances together given how cost prohibitive it ended up being.
The problem with UCB is they are apparently strained by the current budget crisis in California.
In any case i would suggest that you call them, the answer for you may be different than that for me.
Good Luck!

<blockquote>Sacha:
Do you know if Berkeley offer this "service" of signing a debt for an international student?
I was addmitted there and this would be great
thanks</blockquote>

they don't, I was admitted at UCB, applied for financial aid, asked about their ability to co-sign (when considering appyling for US based loan), tried about everything but nothing worked, i ended up getting a loan in my home country, but then decided that i would postpone to get my finances together given how cost prohibitive it ended up being.
The problem with UCB is they are apparently strained by the current budget crisis in California.
In any case i would suggest that you call them, the answer for you may be different than that for me.
Good Luck!

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