I’m an American who studies overseas. I’m about to started my third year, and have about $15,000 left in tuition cost and $20,000 left in living cost for the last two years totaling around $35k (give or take some due to currency conversion and ever changing tuition cost).
My dad is about to retire, and only has about $24,000 set aside for the rest of my education. $15k in loans isn’t a bad deal so I wasn’t worried— until I contacted over 10+ student loan companies and was denied by all of them since they don’t do loans for Americans overseas. I am not eligible for a student loan in the country I study because I’m a foreigner.
While it explicitly says you cannot use personal loans for education purposes, I looked into some anyway and the non-deferred, $200+ a month payback is just insanely expensive and would take a large chunk out of the money I need to survive. $200 a month is my groceries and public transportation cost.
I’ve considered returning to America to finish my last two years, as it’s obviously guaranteed I would get a student loan, but that would set me back well over $60,000 for the last 2 years (this is the cost of being accepted to my local state school).
$15k in debt vs $60k… I feel like this is a no brainer but I feel like I’m out of options. My school doesn’t offer financial aid and scholarships are low (between $300~500) a semester and difficult to get. I can try to get a part time job at a restaurant or something but working on a student visa is difficult and limited (10 hours a week, must pass second highest level on the language exam, etc)
What are my options? Am I out of luck? My father said we would figure it out but I can’t help but be stressed. Thanks everyone
TLDR; ran out of money for school with $15k left in tuition, not eligible for student loans due to being an international student in Asia. Finishing my education in America would result in $60k loans. Confused. Thank youuu
Submitted August 01, 2021 at 08:08AM by 083dy7 https://ift.tt/2Vi8DfH
