Best Student loan for someone on H4

[ash23wariya]

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This is what i know about the loans, correct me if i`m wrong, inputs on good loans will help everyone who is applying for a loan, so please add your 2 cents....
For a student on H4 ,we r not eligible fOr any loan without cosigner (except for global loan)
1)If cosigner is a green card holder or citizen, lot of private loan options
2) if not and if cosigner is on a h4, the cosigner can take the loan for you ( access group) are there other opitions or other loans, which is the best loan for a student on h4 with cosigner on h1.

 

[DDS_well-wisher]

Read here...

http://forums.studentdoctor.net/showthread.php?t=320022

 

[ash23wariya]

Thank you for giving me the link, i remember reading it sometime back, as per that thread it still looks like access is the only way , if on a h4, any thoughts.

 

[DDS_well-wisher]

Other options are

1) taking loans from banks in your home country. In case of India you can get up Rs. 30 lakhs.

2) If you own a house you can get some loans against the house.

3) You can apply for private loan whose APR ~ 10 % and payment starts just one month after borrowing.

4) If you have a good credit history of about 3 years or more then you can get the education loan directly from Access group (no-cosigner needed).

5) Some dental schools co-sign the education loans for there own students.

If some one knows more options feel free to post here...

 

[ash23wariya]

thank you for the input,
1) to have a credit history here, u have to have paid of some previous loans and have a bank account, being on a h4, one can`t open a bank account .So looks like a cosigner will be needed in my case.
2)Is access a better option than taking a loan from India?
3)Which private loan can you take with APR 10%( is apr intrest rate)
Thanks.

 

[ash23wariya]

which schools provide loans for tution witHout cosigner even if your on h4, anyone knows???

 

[ash23wariya]

need a good perspective regarding the comprehensive access loan, has anyone taken that loan

 

[ash23wariya]

the interest rate on the comprehensive access loan is close to 10% and changes every quartly which means that it can go higher, is that the best loan/rate......Any inputs

 

[ash23wariya]

Anyone??????????????????????????

 

[HYDBDS]

which schools provide loans for tution witHout cosigner even if your on h4, anyone knows???

If we are admitted to NYU, then we can get "Signature Select loan" from Sallie Mae OR "Citi Assist Global loan" from citibank without co-signors ( as told by the financial aid counsellor at NYU )....

BTW, at which school have you been accepted ?

 

[ash23wariya]

thanks a lot for the information