<p>So I'm going to Durham University this coming fall however, they wanted me to take the Pre-sessional course this coming August and I have no idea if I can pay that using the student loan. </p>
<p>I need some serious advice in here, and I have a few more questions.
Can you recommend me some good private student loans company that can lend my loan so I can study at Durham? I know sallie mae but I need a few more just in case I need more. I don't have a co-signer as well so I need a student loan lender that is okay without a co-signer.
Also, for example if I do get sallie mae as my student loan lender, they will pay for the rest of the school year that I'm in University right? I just want to make sure that way once I go there all I have to do is get a part time job and study. I don't have a lot of money right now because I'm paying my own stuff and my mom didn't want to help me financially. </p>
<p>I make average money right now but I am not able to afford because I have some bills to pay and I can't completely pay the pre-sessional course so I really want to know if the student loan can help me with that. So I can at least save up money for my ticket and visa.</p>
<p>Any advice is really appreciated. Thank you!
I need your advice asap! You can private message me if you want to be more detailed. Thanks!</p>
<p>Bump! Need some answers please. :(</p>
<p>*for example if I do get sallie mae as my student loan lender, they will pay for the rest of the school year that I’m in University right? I just want to make sure that way once I go there all I have to do is get a part time job and study. I don’t have a lot of money right now because I’m paying my own stuff and my mom didn’t want to help me financially. *</p>
<p>???</p>
<p>How much are you borrowing? </p>
<p>I thought Sallie Mae now wants co-signers and/or wants you to make interest payments while in college?</p>
<p>this school sound unaffordable.</p>
<p>Kristina, the two Durham universities I know are not in this country. One is in England and I think one is in Canada. You need to research what possibilities for loans you have for foreign schools. I 'm not sure you can get such money unless you are going through a program that a US school is sponsoring. Check FAFSA if Durham even has a code. </p>
<p>Are you in the US? Are you a citizen? I think we need some more information from you before anyone can answer those questions.</p>
<p>Durham University in England.
I’m in the US. I know a few people who applied for Sallie Mae and going to Durham this fall but they got a co-signer with them from what I know. They also took other loans beside Sallie Mae but I’m having difficulty about myself because I don’t have a co-signer.</p>
<p>kristinalovesu -</p>
<p>You can’t afford Durham. Sorry. You need to come up with a different plan for your future.</p>
<p>I see from your other threads that you are originally from the Philippines. Could you return there for your university-level studies? If that won’t work for you, your affordable option is to complete your studies in the US. No bank in the US is going to give a loan to a foreign national like you so that you can study in yet another foreign country. There are too many things that could happen that would mean that they never get their money back.</p>
<p>I am from the Philippines but I’m a US resident.</p>
<p>Also, I’m not going back to Philippines anytime soon. All my family are in here and I have none in there. </p>
<p>All I need is a co-signer though and I haven’t asked my family yet but I know they wont sign it for me.</p>
<p>
All!! That is a lot. Being a cosigner is a huge, and I mean HUGE, thing to ask of anyone and is a HUGE risk for them. The cosigner is ultimately responsible for the debt if you do not pay it and a late payment by you can mess up a cosigners credit before they are even aware it has happened. The lender can go after the cosigners assets including their house. That is why the lender wants a cosigner. You don’t have anything they can go after, someone with a good credit rating and a home does. Most financial advisors would recommend that people do not act as a cosigner as it is so much risk with absolutely no control over the debt. I would never cosign a loan for anyone, even my own kids whom I trust and love dearly. If I could afford it I would rather borrow the money in my own name. But cosign, never.</p>
<p>It sound like you can not afford this school.</p>
<p>kristinalovesu -</p>
<p>Where is it that you intend to make your career? In the US? In the UK? Think this through carefully, why should a bank loan you money for a foreign education if you intend to work outside the US? If anything goes wrong in your life, they won’t have any recourse. It is hard enough to squeeze money out of US citizens who can’t pay back their debts and who are still in the US. It is nearly impossible to collect if the person is outside the US, and even more difficult if that person is not a US citizen.</p>
<p>The other problem that you have is that you are a legal permanent resident, rather than a US citizen. This means that you risk losing your status if you spend too much time outside the country. If you have time to apply for a re-entry permit, you can stay out of the US for almost two years. If you don’t have time to process that before you leave, or you think it is too much of a hassle, you should plan to return to the US at least every six months, with a minimum stay in the US of two weeks each time. Talk with your immigration lawyer about this. For some parts of the world, and for some nationalities, the lawyers recommend more frequent visits and/or longer stays in the US. If you need to budget an additional $1,500 or so three times a year just to maintain your status, your cost of attendance at Durham will be even more expensive than you thought.</p>
<p>I have no way of knowing why you find the British or European system more appealing than completing your degree here or in your home country. You may have good reasons. You may also just be operating in some kind of fantasy about things being “better” than they are here because being an immigrant here is not easy. However, none of that changes the fact that you can’t afford Durham just now. You need to defer your enrollment there until you have enough money scraped together to pay for it. Maybe you will need to work for a few more years before it is possible. There is nothing wrong with doing that.</p>
<p>^Happymom hit the nail on the head re: immigration issues. You do NOT want to risk losing your right to work and live in the U.S. because it would be exceptionally difficult to regain access. </p>
<p>With respect to funding this foray, truly, you cannot possibly rationalize it (or make it happen in the real world) without parental support.</p>
<p>Even if your parents DID cosign, what would your student debt load be? Do you understand the consequence of such debt? Most people pay largely out of pocket with about $5500 in loans each year for the student. The rest normally comes from the parents’ savings/earnings or possibly parental financing. Students typically are not actually ABLE to finance Out of State and Out of Country schools. </p>
<p>Have you had a conversation to get to the bottom of why your family “will not” (or is it CANNOT) help you? Perhaps they feel you are making a mistake in your selection. Perhaps you’d be best to take a gap year to work and apply at some US programs once you find out if your family has any means or willingness to help you if you stay in the U.S.</p>
<p>Sorry to be blunt but I hope this assists you. Best wishes.</p>
<p>kmcmom13-</p>
<p>I’ve told my mother about this few months ago and she didn’t like it. She said if I want to go to school even here in US I should pay do it on my own, I’ve been on gap year for almost 2-3 yrs already and been working and gaining experience for my future career. My mom, dad and step dad would be able to help me financially but they all said the same thing, that I should do everything on my own because they did the same thing when they were young and wants me to experience the same thing (from what they say).</p>
<p>I didn’t want to open this up to them anymore though because I know they’ll say the same thing again. I’m pretty disappointed because I’ve had everything all sorted out at Durham and I had to turn it down.</p>
<p>I could be a US citizen anytime if I apply for it, but I didn’t have time for that because I was doing my university stuff. </p>
<p>I intend to pursue my career here after undergraduate and go to medical school.</p>
<p>And like I said, I have no intentions of going back to my home country because all my family are in here, I have none in there. I mean I have a FEW friends but that’s it.</p>
<p>Oh my! </p>
<p>If your intention is to go to med school, then the LAST thing you should be doing is taking on big debt for undergrad? Don’t you understand that? You will need to take out large loans for MED SCHOOL.</p>
<p>You need to get your citizenship and start at your local state school or wherever you can afford without big debt. </p>
<p>Have you taken any college classes yet (after high school)? If not, and your stats are high enough, you might be able to get some merit scholarships.</p>
<p>What are your stats?</p>
<p>Man! Better stay in the US and complete your studies there. It won’t do you good if you will go to another country while you are not even a US citizen yet. I guess you have so many things in your mind. But don’t do any irrational decisions that will lead to more problems. If you are going to finance your education that will also create huge debt for you. Way your options especially that you are going to go to med school.</p>
<p>
</p>
<p>You need to MAKE time for that, if it is a desire of yours. Honestly I would put that above college right now.</p>