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Posted

Just a quick - and possibly silly - question. Is there any way around the cosigner requirement that you know of?

I don't have any relatives in the US and I can't really imagine anybody else taking up such a commitment. I have been offered a $25k scholarship but without a loan I don't think I'll be going anywhere. I haven't been this frustrated in a long time. Help?

Posted

I was an international student in the US and I feel your pain. The only loan company that I found without a co-signer was one of the Maes...not the main one. Fanny Mae? Not sure. You had to pay the interest on your loan while studying.

Luckily my parents were able to finance my living expenses and I had basically full tuition. Be aware that you're not allowed to work off campus and you will need to prove you have the money to support yourself while you have the visa (proof of stipend or bank statement in a US bank).

Posted

Probably you've considered this already, but you could take out the loan in your home country and convert the money into USD.

Posted

It depends on the home country. For example I was not able to do this in Australia as it is not typical to borrow money for school - nothing is set up to facilitate this.

Posted

It depends on the home country. For example I was not able to do this in Australia as it is not typical to borrow money for school - nothing is set up to facilitate this.

Yeah, that's exactly what I'm having trouble with - higher education is free here so there are no loan options that would work for me. I'm going between utter despair and hope that I'd be able to find something; it's really freaking exhausting.

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