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Thread: Loans

  1. #1
    sthomas1474 is offline Newbie 510 points
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    Hi there
    I am doing premed working towards the admission in IAU in May 2010.. I wanted to know if there is any deferred loans available at IAU. Does anyone know about deferred loans available to non us citizens??
    Last edited by sthomas1474; 08-04-2009 at 10:07 PM.

  2. #2
    IAU Admissions's Avatar
    IAU Admissions is offline School Official 510 points
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    Nov 2008
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    Loans are a delicate issue right now, especially with the econonmy being so bad. Lenders are relectant to issue any sort of line of credit. If you are a canadian citizen, then you actually have more chances of getting a line of credit from a canadian bank.

    However the school DOES provide an option for loans that cover tuition only. It is however not a deferred loan. You will be required to make a minimum monthly payment of $300 - $600 based on the following:

    1. Your credit score and your cosigner's credit score
    2. Your academic background.
    3. Collateral for your loan amount.

    If you are not a US citizen or Permanent Resident, then you would require atleast one other cosigner who is a US citizen to guarantee repayment of the loans.

    If you have any further questions, please contact our Financial Aid Dept at 972-484-9700
    Sajith ***** BE, MBA
    Associate Director of Admissions
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    Views expressed here are strictly personal and may not necessarily represent the views of International American University or its affiliates. While every effort is made to provide accurate information and honest analysis, reader discretion is strongly advised while retaining information, which may be time specific and subject to change/edit. No portion of this blog may be reproduced without my prior consent.

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