We're all in agreement that student loans have deferred payments.
This thread is mostly geared towards non-US citizens and how they can't get students loans. Jhuen asked why they don't just go get standard loans (like the kind you get for a car or debt consolidation). My reasoning against that was because they require immediate repayment, usually don't lend a large sum of money, and have a higher APR.
Of course no one wants to pay for law school with a credit card, but if you read through this tread, you'll see that non-US citizens might just have to do that.
Are there no student lending services in foreign countries? I would suspect that Canada would certainly have student lending services (though perhaps they're limited for in-country use?).
Extremely limited. Read further up in this thread -- I discussed it.
Boss is almost right. There are two sources of Canadian loans for studies in the US. The first are government loans. The school has to qualify, and you are only eligible for $70K (Canadian) over your lifetime, including any debts you may have incurred during your undergraduate studies. You're also only eligible for about $13K (Canadian) a year. The other source is called CanHELP. They're notoriously difficult to deal with, but they do allow up to 20K US per year without a co-signer... that is, if your credit is to their satisfaction. If it isn't, you need a co-signer to borrow money from them.
There is now a third option (can't quite remember its name, but I have it bookmarked). Unfortunately, it's very new, and because it tries to deal directly with the schools rather than giving you the private bank runaround, it takes a while for new schools to be registered with the service, and that doesn't even ensure that all your needs will be met. This option is probably not feasible for anyone who wants to go to anything less than a major "name" school.
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