Are international students eligible for financial aid ?

Posts 12 · Viewed 6792 · Likes 2 · Go to Last Post

purana kagaz

· Snapshot 0

Like · Likedby · 0

Are we ?
Please let me know.... Citizen bhanera Tax bharna milcha bhane yo pani milnu parne haina ra ?

kaji sahab

· Snapshot 18

Like · Liked by · 1

USE "GOOGLE.COM" IF YOU HAVENT HEARD OF IT......

Does that ring a bell now??

purana kagaz

· Snapshot 29

Like · Liked by · 0

I am not asking about Nepali restaurants in Texas alright...

Agnibikram

· Snapshot 44

Like · Liked by · 0

There are various types of "Financial Aids" - Grants, Loans and Scholarships.

International students are eligible for all three except Federal Loans. Bear in mind, International students need to be co-sponsored for Loans.

geeves

· Snapshot 50

Like · Liked by · 0

International Students are not qualified for any Financial Aid, but scholarships if the School provides.

Pimp kalu

· Snapshot 65

Like · Liked by · 0

ocean city ma ssn use gare pachi citizen bhayera nai tax bharincha ni, haina ra?

BABAL Khate

· Snapshot 70

Like · Liked by · 0

International students qualify for loans if someone with a greencard signs for it.

Kadie

· Snapshot 156

Like · Liked by · 0

hope this site will help u a little bit
www.studentaid.ed.gov

sajhababa

· Snapshot 278

Like · Liked by · 0

Does anyone know how the Loan cosigner is affected after signing for the student loan?? Will his/her credit score be affected??

I'd highly appreciate your response :)

Last edited: 24-Jan-11 03:13 PM

Agnibikram

· Snapshot 330

Like · Liked by · 1

A GC holder needs to have a decent financial background before the loan gets approved.
Sbaba, no, A cosigner's credit score won't be affected. Cosigning a loan is a mere gesture of bearing responsibility to pay off the debt, should the loanee fail to pay off his debt. This means, say you cosigned my loan and I took out 25k and fled, the fed agents will come after your ass.

sajhababa

· Snapshot 466

Like · Liked by · 0

Thanks for the info Agnibikram. Do you know which institutions have the best deal (interest rate, payment plan etc) on education loans for international students?

nagarikreport

· Snapshot 589

Like · Liked by · 0

International Student CANNOT qualify for any Federal Aid (FAFSA) if they are not eligible non citizen. Before April of 2010, when Mr. Obama signed the law, GC pending were qualified for Federal Loan through FAFSA, but it is not possible now. You must be in possession of GC if you want to apply for FAFSA.

For private loans, you need a co-signer who is a US LPR or a Citizen with a job and good credit history. The loan is reported in cosigner's credit report until the cosigner is relieved by the lending insititution (usually after 36 months). If the credit history is not good, you may get a very high APR loan. Remember, student loan is never forgiven (except participating in loan forgiveness program which means working for free until loan is paid).

Source: Personal Experience. In US, if you are not the son of a millionaire, you cannot go to graduate school without a student loan. Graduate School, esp. Law, Med, Business. (None of them costs below 80K). I am talking about good student who go to good school and enroll in good programs. There are many cheap Engineering and Cheap paper MBA programs available though. Graduating from them is nothing more than a degree from Bihar.

Please log in to reply to this post

You can also log in using your Facebook