Hi guys, I am on H1-B visa and would like to fund my wife's education loan(she is on H-4), she is doing her Masters in CS. I am wondering if I can get any education loan from any of the banks etc in US. What are my options here? Thanks!
Try SoFi - you will get $35000 for reasonable rate of 5.49%
Thanks, I will look into it.
Y do you need a loan? Your paycheck should cover her atleast 80% of the semester fees ... That's how my frnd funded his wife's education..
I am in the same bought.. msg me if u find something useful :) Only way I know is... Use credit union banks to get personal loan of $40k. Buy a house here and use equity on ur home as security for education loan (I am doing that)
Thanks, how much is the rate of interest for a personal loan?
Use SoFi
If you have a car that is paid off, you can use that as a collateral to take a personal loan. But I would suggest planning out of your paycheck rather than from a personal loan - this is because big banks give those loans at 4-8% based on your credit score, and other factors. Unless you are sure that your money invested elsewhere will earn you more than that, it's better to avoid the loans.. Source: I paid my wife's education myself.
Google Stilt Loans
Search for 1. Stilt 2. prodigy finance 3. Gyandhan. They fund student loans without collateral
Does Microsoft give you an option to take out a loan and use the stock you own as collateral? I know a few companies that allow that maybe you can look into it
Are you going to put up any collateral? Why doesn't she just take out a loan herself?
She is on H-4, I don't think anyone would give her a loan in US.