I get lot of questions asking for ways to get student loan in USA as an international student or loan in India without collateral.
Hello everyone! My name is Abhinav. I am preparing for my GRE for Fall 2012 session.
I have a problem with Study Loan.
My family don’t have any good financial support to me. I am very good with my Academics with 80% in B.Tech in Mechanical and Diploma with 73%. Now i want to study in USA.
I am looking for the Education Loan, but my family don’t have the security to show for the loan. Can anyone help me in knowing if there is any possibility to get the education loan?
Student Loan without Security
Abhinav, I’m not sure if there is a bank in India that gives Education Loan without security.
Your best bet is to get admission with scholarship. Publish few research papers and get high score in New GRE.
Pick right universities based on your interest. If you get admission with full scholarship, your parents financial burden will be less.
Interest rates are much cheaper here in USA compared to India, but you need a co-singer to get a loan. So, best bet to get admission with financial aid.