TheSam:
Good day All, please is it a good idea to obtain foreign loan at 2% annual interest to invest in Tbills since interest rate is usually 10%-13%? I need candid advise so I can weigh the pros and cons.

TheSam:
Good day All, please is it a good idea to obtain foreign loan at 2% annual interest to invest in Tbills since interest rate is usually 10%-13%? I need candid advise so I can weigh the pros and cons.

abujaniv:
Hello Ugoh11. This is something you'll want to work with the school to get fixed, but it shouldn't have a material impact on the visa interview. It bears repeating: biographical details such as name and date of birth are critically important. Surnames, middle names, and first names should not shift places from passport to passport as though they are playing musical chairs. Titles and honorifics like Dr., Prince, Alhaji, Hon., etc. will not be printed in passports or visas. Dates of birth happen once and only once in one's life. Variations in these details mean the applicant is either careless or a fraudster.

Thanks VO
I got my visa today!!

abujaniv:
Hello Ugoh11. So the school got its own post code wrong? Or yours? That's odd and maybe a little worrying. But it should not have a material effect on your application or interview.

imperiouxx:

Apologies inperiouxx ds wasn't meant for you.. it was meant to address omoluabiguy's post.

Remember I am mostly a viewer on this forum..I typed in the wrong section I guess and saw it too late.

Am sure deep down u know I wasn't calling you ignorant..

And No u didn't have to bring out your credentials.. I know them already.. lol.. being following .. just in case you wanted to ask.. how?

Alright .. Hope that settles it..

Damn! Why are you like this this guy? I can't believe you can't even handle a normal conversation like a man without bringing in this typical Nigerian behavior. Seems your body is itching you, right? I don't see where I discredited what you said about the loan. I was only asking for more info on behalf of those genuine students here who wish to follow your steps. However, I'll say it again, for every loan, you need to be verifiable before you're approved.... That's what submission of document as you've said does.

And do you think I'm interested in any loan?

FYI, for my first MS in Biochem, I didn't even pay anything to the school for the 2 years. My studies was funded by the grad school in NM + bi-weekly stipend. For my 2nd MS in PA which starts soon, I've been given $28,000 (56% grant - free money and 44% federal govt loan) through FAFSA to cover my $24,000/yr tuition. So, why should I debate with you about loans and funding?

When it comes to loans in U.S or funding education in U.S... guy, you may be working with #1 auditing firm in Nigeria, that's between you and those in Nigeria..... You're still tailing ....... so you need to keep your mouth shut!

This is why many old members don't return here. I can't believe I'll come back from work to answer to trash like this.

See my funding below, just 44% is loan, yours can't beat this.

imperiouxx:


Having applied and approved loans (Car loan, credit card, federal subsidized/unsubsidized/PLUS loan) before, I know loans are not like getting donation from a family friend. You have to pass through many verification and have a kind of guarantor (for a credit unworthy borrower) who can be hold liable if you default. That's the reason for my reply to aminlove.

I know a financial institution wants you to think application is hassle free but by the time you finish the preliminary application, further requirement may eventually be a stumbling block, then you start rethinking what's hassle free here. For every loan, a traceable identity and guarantor would be needed at some point.

Hope Ugoh11 will come to answer my questions to enlighten those that are thinking about the offer more.

imperiouxx:

I got my loan approved in less than two weeks.. the problem is we are still thinking like Nigerians.. your collateral to them is the school you are attending.. for example 85-90% of Ross business school MBA students get jobs between a range of 60-150k dollars depending on ur core.. so why wud you not pay back the loan.. the singular fact that you are an alumni of a top B skol will make u pay.. plus the loan payment period is abt 15-20 years.

I got 95% scholarship so I applied for 60k to cover living expenses .. travel for other programs and the remaining bit of my studies.. I am expected to pay it back in 18 years..

The key is applying to a top skol and or a skol that they partner with..

I researched them, went to their site and applied.. it was dat easy..
Phew!!! Dats I just enjoy viewing!!!

This is fantastic. I just see that there is no co-signer or collateral required but how would they trace their money? Even in U.S, they have to have something traceable about you for you to get approved for loans e.g address (from current 3 utility bills), ssn, credit score etc. If you don't mind answering this questions, as a beneficiary of this loan, can you tell us if you submitted anything extra (apart from what's on their website) during your application? Can anyone at random from Nigeria with no traceable address apply and get approved just like that? Were they able to cover all your tuition per year? How long it takes to get approved?

So many questions but we have to enlighten those genuine student members on this thread that need source of funding for their education.

Thank you.

neurosci:


I have a question concerning this. What about the issue of bank statement? Does it mean your school will no longer request for a bank statement if you are applying for a loan?

imperiouxx:


I don't think it's easy that way without a strong collateral in Nigeria.

slimmy2005:
You will get an outright denial with the way you're going. You better focus on a better program. F-1 visa for one month program? Don't kid yourself. You had better relax and go for a better program. Unpaid internship in NY? Do you know how much rent cost over there? See, Trump is not joking this time around, you will get a straight denial.

LagosismyHome:


What he trying to tell you is that with the f1 visa you cant immediately enter USA and then start working at an internship...... f1 has rules and one of them is that you can only work on campus to a max of 20 hours . Internship is after 2 semester ....so to answer your questions yes f1 is not an option

biikeys:


H1b is not an option if you're looking at June. Even if the bank is willing to file for you, you don't have OPT/CPT and won't be able to work until your H1b petition is approved..which could take months. Hope you know premium processing has been put on hold..so easily expect at least 3 months depending on your service center.
Also since you won't be cap exempt, your employer can't just file H1b anytime they want. USCIS starts receiving applications first week of April till the quota is filled up which typically happens the same week.
Hope you know H1b is a lottery system too..so nothing is guaranteed.

Usually you can get work authorization (CPT) to go for internships after two semesters in school...of course depending on your school