Loans for international students (UK). Please help!!

I'm growing more and more desperate. I got my admission offer from a target university in the UK for a MSc in Finance. Full disclosure: I got decent scholarship amounts (university scholarships, grants, country specific scholarships etc) that eliminated ~60% of tuition. The remaining amount is mainly for deposits (which are pretty high, and my offer will be revoked without paying them on time). Other funds are for living costs obviously

Unfortunately, my country (unholy 3rd world) doesn't allow me to take loans for studying abroad. For some reason students who plan to go abroad are held in such crippling animosity here, and viewed as some kind of "traitors."

I am out of solutions. I tried to get a bank guarantee through a financial planner to get a regular loan, but no UK bank is accepting it. I tried future finance and they only give loans to residents (and mind you, I will need funds to get a student visa). Prodigy finance explicitly said they couldn't fund deposits or living costs. I tried everything, and I'm officially left with no hand. I'm starting to think I should just give up on my dreams, nothing will work. But I worked so hard to get here (passing CFA L1&2 in the 90th percentile, getting a GMAT score in the 97th percentile..etc).

Is there anything I can do? Any loan providers for international students?

Should I just give up?

Comments (8)

  • Intern in ER
Sep 4, 2021 - 11:08pm

I tried. But employees are familiar with the policies and have been enforcing them for decades. It's hard for them to conceptualise an anomaly in my case and thus try to tweak their protocols to find a solution - it's doubtful anyone has been in a similar position before. So really they dont have any solutions either

Sep 5, 2021 - 10:02pm
StonksAlwaysGoUp, what's your opinion? Comment below:

man I feel soo bad for you. I was similar to you however I didn't get any scholarships. Honestly all I can say it work alongside the Master's and try to atleast pay off your first Master's fees. Once your in, your kind of set and then the second one see if you can strike some type of a deal. Some Unis are more accepting that others but yeahh good luck man

  • Intern in ER
Sep 5, 2021 - 10:09pm

Et itaque iste ut quis voluptatum. Laudantium voluptas delectus quae natus vel molestias. In quia totam possimus cupiditate veritatis dolor.

Start Discussion

Career Advancement Opportunities

October 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲04) 98.8%
  • Financial Technology Partners (+ +) 98.5%
  • Evercore (▽02) 98.1%

Overall Employee Satisfaction

October 2022 Investment Banking

  • Jefferies & Company (▲12) 99.6%
  • Greenhill (▲07) 99.2%
  • Evercore (▲02) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲21) 98.1%

Professional Growth Opportunities

October 2022 Investment Banking

  • Jefferies & Company (▲05) 99.6%
  • Lincoln International (▲03) 99.2%
  • PwC Corporate Finance (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.5%
  • Houlihan Lokey (▲05) 98.1%

Total Avg Compensation

October 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (38) $392
  • Associates (211) $257
  • 2nd Year Analyst (131) $163
  • 3rd+ Year Analyst (19) $160
  • 1st Year Analyst (441) $150
  • Intern/Summer Associate (83) $150
  • Intern/Summer Analyst (320) $92