Saturday, May 14, 2011

I am a U.S. student planning on enrolling in an American Uni in The Netherlands. I need a loan! Help!?

I am a U.S. student planning on enrolling in an American Uni in The Netherlands. I need a loan! Help!?
I am currently enrolled in a private university in Texas that is about $30,000 a year. I do not get financial aid because my parents make too much money. I am majoring in International Business and am interested in enrolling at Webster University in Leiden, The Netherlands. The tuition is about the same as I am paying in the United States, BUT..my dad does not want me to go there (he thinks I should stay here.) He says the only way I can go overseas is if I get a loan. Since I would be attending an AMERICAN university (just overseas..), what are my options? Thanks!
Financial Aid - 1 Answers
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1 :
You may be able to get an alternative/private loan, however you would most likely need a co-signer. Also, if you borror 30,000 on a private loan, you will actually end up paying back about 90,000 because of the high interest. If your parents are footing the bill if you study in the US, then you should be appreciative and stay here. Paying back $90,000 for one year of school is crazy. Maybe you can work something out with your parents, maybe you can study abroad one semester, or maybe you can do a summer course abroad. I would really work with your parents to try to find a compromise.
2 :
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