July 31, 2016
I have been accepted to a Masters program in Berlin (HWR Berlin – Berlin School of Economics and Law) and need help getting funding for it. I need roughly 11,000€ for the program and at least 7,000€ for living expenses. I’ve gone to my local bank in the US but since the school isn’t on the FAFSA list, they don’t offer any student loans. I’ve considered a personal loan from them, but the interest rates are too high in addition to having to have to start paying right away. I would like the luxury of deferring payments until the end of the program. Additionally, I’ve looked into a loan from Germany, but it appears that they only do monthly disbursements up to 650€/month, where I need the money up front for the program. Any advice? Thank you so much!
May 3, 2014
I think you are going to have a hard time finding a student loan based upon what you have shared. A personal loan might be your only option.
Have you reached out to your schools financial aid office? They obviously have an incentive to help and may have contacts with lenders who specialize in helping students in your situation.
I think you should apply for a loan with private Lender.
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