Question regarding education loan
My sister is planning to come for her MS from India. I am working in US and have a decent job, H1B and i140 approved. Question: Is there anyway she can get a cheap education loan from credit unions, US banks or federal gov. leveraging my credit score ( like if I become a co-signer etc)? Any other suggestion also welcome or views on getting loan in US vs India?#personalfinance
Nope. You can get a personal loan here. Education loan is only for GC and citizens
She'd need a GC/Citizen to sponsor her education loan in the US.. H1Bs probably don't qualify to sponsor. You can certainly do private loans or credit card loans - but they ofcourse are not worth even considering - given their interest rates. Considering you have option to get loans in both US and India, it might work out to be the same in the long term - Given - low interest rate in US and a strong dollar v/s higher interest rate and weak Rupee. And remember no one can predict interest rates. Once you get interest rates you can do the math.
Depends how much you need? How long will you take to payback?