03-25-2005, 08:51 PM
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#1 (permalink) |
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Always on the run!
 
Join Date: Nov 2004
Location: Bangladesh
Posts: 223
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How to finance Columbia University?
Hi
I have been admitted to Comlumbia University Computer Science department for MS program. Now I am afraid what will happen if I don't any aid from them. The aid decision is not defined yet. I am an international student. How can I finance my expenses there? Can international students take loan from US banks? What is the interest rate and other rules? -Meraj
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-- Nature’s law: No breaks without aches; no gain without pain; no skill without drill. |
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03-26-2005, 02:22 AM
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#2 (permalink) | |
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Within my grasp!
Join Date: Jan 2005
Posts: 286
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Re: How to finance Columbia University?
Quote:
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03-26-2005, 08:11 AM
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#3 (permalink) |
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shuriyoken
Join Date: Sep 2004
Location: Now in US
Posts: 2,390
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Re: How to finance Columbia University?
nikishin is correct. You need some one as a guaranter.If it is a GC holder or a citizen you are lucky.Interest rate are minimal. I am not sure but this is a 2 year back rate: 2.0-2.5% . For educational loan,the rate is nelgigible for a reasonable amt. upto $50K.
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03-26-2005, 12:34 PM
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#4 (permalink) |
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Trying to make mom and pop proud
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Join Date: Feb 2005
Location: Bangladesh
Posts: 25
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Re: How to finance Columbia University?
I am also planning for the US loan (luckily I do have a co-signer)..
My question about the interest rate..Does it adds up to the total? Thanks! |
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04-05-2005, 08:51 PM
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#5 (permalink) |
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Always on the run!
Join Date: Nov 2004
Location: Bangladesh
Posts: 223
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Re: How to finance Columbia University?
Hi
Can anyone tell me how to take loan in US with co-signer? What is the interest rate? What is the impact of taking loan both on loan taker and co-signer? -Meraj
_ _ _ _ SIG _ _ _ _
-- Nature’s law: No breaks without aches; no gain without pain; no skill without drill. |
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04-06-2005, 11:03 PM
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#6 (permalink) |
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Eager!
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Join Date: Feb 2005
Posts: 50
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Re: How to finance Columbia University?
Hey Meraj,
Two suggestions - 1. Why are u planning to get a loan from US? try to get it from your home country, usually student loans are affordable and if you get it from your home country it will be more affordable as the Bank usually will not charge you until you graduate. 2. Have u got any aid from any other Univs, if yes, let Columbia know abt that and tell them that u need funding. 'Getting a loan for an International student in US is kind a night mare and the interest rate will be high if they know that u're an International student' I hope this helps |
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04-16-2005, 04:16 PM
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#8 (permalink) |
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Always on the run!
Join Date: Nov 2004
Location: Bangladesh
Posts: 223
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Re: How to finance Columbia University?
Hi
How reliable is International Student Loan Program loan? I mean is there any hidden trap. The ISLP loan rate says it is the Wall Street Journal Prime Lending Rate. And this rate is now 5.75%. It was 4.0% a year ago and 5.0% a month ago. So how risky is it to take this loan? Did anyone on testmagic ever take this loan? Please respond. -Meraj
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-- Nature’s law: No breaks without aches; no gain without pain; no skill without drill. |
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