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View Full Version : student loan for 3 yr MBA with EAD/AP or 797


bbhargava
10-16-2008, 09:10 PM
Here's the situation
EAD valid till sept. 2009,
797 valid till Dec. 2010
MBA program finishes end 2011
Has anyone been in the same situation where applying for a private student loan has been denied since the 797/EAD expires before the course is complete.
Working full time right now. What are the options?

tjayant
10-17-2008, 12:53 AM
That is what i did. I'm in the same boat.

saps
10-17-2008, 11:43 AM
There are very few private loan options that you have. If you have a co-signer who is permanent resident or a US Citizen, you have a bigger pool of options but I know of one organization "Access Group" who give out loan if your stay in US is more than 3 yrs + if you have 4 credit cards in your name..You can dig into more details by googling them.
Most of the schools in US also have a tie up with TMS (tuition management system) which let you pay your semester fees in monthly installments. You might want to check that out too. Hope this helps. Good Luck!

giveme_gc
10-17-2008, 03:38 PM
I have got federal loan under this same situation. Wondering why you need a private loan ?

tjayant
10-17-2008, 03:53 PM
My school said I'm not eligible

giveme_gc
10-17-2008, 03:58 PM
I went back and forth with the school for 2 months and finally got the aid. Note : school aid authorities have no clue what EAD or 485 means. You have to show all the papers and prove that you are eligible. Are you technically a parolee as well ? If yes , then you are eligible.