High Student Loan Interest
Does anybody know of any place that would refinance student loans for internationals without a cosigner?
I graduated last year and work at a HF now.. unfortunately I had to take out loans for all 4 years of school and have ~8-9% interest rate. I end up spending ~3.5k/mo on my loans and as a result have very little savings from my pay
I can't be dependent on my bonus to pay off the loan quickly.. since I'm an international, unless I get an H1B my option is to go to bschool. Even after I end up paying off a good chunk post bonus, I still need to save up for bschool just in case as a last resort (for which I'll probably need another loan anyways...)
Most of the lenders need a US cosigner to get a loan but am wondering if there's a workaround or if anybody knows of any lender that doesn't require a cosigner. 8-9% is too high and would love to save some money every month. for what it's worth I have different loan accounts, just one of them with a high principal amount with the 8-9% rate.. rest of them are ~5-6%
OK I am kind of in a similar case to yours but the magnitude of the loans are way less. Sharing this so that probably it could help you out. Background: come from South Asia and did masters in Europe at a top B school.
So you could try doing that. However as said earlier my loan was of 40k and my monthly payements were less than a thousand bucks a month. Hope this helps.
unfortunately the part of my loan which is in my home country is going to be hard to refi so looks like that's at ~8% for now so the only option is to refi the US part of the loan
May I ask which country is it? Because if it is from one of the countries like in the subcontinent, where the currency falls against USD at around 3-4% p.a I would let it be. As years pass by, you would be paying less in USD terms that way
I'm paying the home loan in INR
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