Types of financial aid student loans available to study abroad rely mainly on the country you are applying to. Most US universities offer assistantships, fellowships, and scholarships; depending on the course you are applying to. But for countries other than the US, funding from outside sources will mostly be required.
It is not easy to get credit due to tightened up money lending policies by banks and other landing agencies. But if you are a homeowner, one option you could opt for is so-called “secured loan”. Such borrowing money are secured against the value of your property, so you have to own a home outright or hold a mortgage on the property. In fact, secured loans are sometimes called homeowner loans or second mortgages. There are several advantages but one prominent advantage is that you can obtain a bigger amount sanctioned as against unsecured.
A no guarantor loan that does not require a second party to co-sign — or “guarantee” — the repayment of the amount. Often, when an individual believes they have poor credit or is in a difficult financial situation, having someone with better credit or more resources co-sign will improve the chances that the application will be accepted. The guarantor's promise that they will repay the money if the actual borrower fails to do so makes the lender more confident that they will get their money back.
All international students applying for loans must have a US co-signer in order to apply. A co-signer is legally obligated to repay the borrowed money if the borrower fails to pay. The co-signer must be a permanent US resident with good credit who has lived in the US for the past two years. The co-signer is often a close friend or relative who can assist in getting credit, since most international students cannot receive credit by themselves. If you are an Indian student aspiring to study overseas, you can make the process facile by choosing to apply through EduLoans. We have been providing high quality educational consultancy service since years. Backed by a team of qualified and diligent staff, EduLoans offers beneficial counselling to clients and assists them find the right university and study opportunities in countries like Canada, US, Australia, UK, New Zealand and more. Contact us today for more information on overseas MBA study.
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