whittierschool

British students aspiring to become MBA graduates will find it difficult to obtain loans for covering their cost of their post graduate course, a report suggests.  According to a report published in Financial Times, the demand for MBA courses in the US has increased among the British students, owing to the weak position of the dollar. After an analysis by the paper states that there is a steep fall in the provision of the student loans for the post graduation loans. The results shown by the paper have shown a similarity with the research conducted by the National association of the Student Financial aid administrators which featured that about 50 student loan providers have suspended their service.

"The cost of loan repayment is particularly high for students from outside the US who apply for loans from US institutions," the paper explained.

"This is because credit references are not required and also the lenders find it harder to track down students on graduation if they return to their home countries."

So a British student intending to pursue a Post - graduation degree in the USA can expect a payment of 7 % interest rates for their loans.