Advanced MBA Program Search
Login Register

MBA Loans payment


Posted Jun 10, 2007 21:09

I am interested when I become liable (responsible) for loan repayment through the US Bank. From the time the Loan was approved or from the time I start attending the MBA program

I am an international student and thus loan approval is necessary for receiving my visa documents (such as I-20). Let's say I sent a request for an MBA loan and the loan was approved by the lender. I will then go with my visa documents (sent by the Business school?s international office) to the US embassy in my home country. But, my visa application is being rejected by the US embassy. So, I end up not coming to study in the MBA program. Will I be responsible for re-payment of the loan in the above situation? Thanks
I am interested when I become liable (responsible) for loan repayment through the US Bank. From the time the Loan was approved or from the time I start attending the MBA program

I am an international student and thus loan approval is necessary for receiving my visa documents (such as I-20). Let's say I sent a request for an MBA loan and the loan was approved by the lender. I will then go with my visa documents (sent by the Business school?s international office) to the US embassy in my home country. But, my visa application is being rejected by the US embassy. So, I end up not coming to study in the MBA program. Will I be responsible for re-payment of the loan in the above situation? Thanks
quote

Posted Jun 11, 2007 12:33

Let me understand: If your visa application is rejected, and you don't do your MBA, you will not TAKE the loan in the first place (even if it has been approved), because, what would you need the money for?
Thus, if you don't take you loan you won't need to re-pay anything either.

Or did you mean something else?
Let me understand: If your visa application is rejected, and you don't do your MBA, you will not TAKE the loan in the first place (even if it has been approved), because, what would you need the money for?
Thus, if you don't take you loan you won't need to re-pay anything either.

Or did you mean something else?
quote

Reply to Post

Featured Schools

EU Business School - Barcelona EU Business School - Barcelona

An international, professionally accredited, high-ranking business school with campuses in Barcelona, Geneva, Montreux, Munich and online.

 University of Washington – Foster School of Business University of Washington – Foster School of Business

The business school designed for leaders, where networks take shape and impact thrives.

 MIB Trieste MIB Trieste

Study in Italy. MIB offers an AMBA-accredited MBA program

Other Related Content

Tracking Down the Funds: How to Pay for Your MBA

Tracking Down the Funds: How to Pay for Your MBA

Article Oct 18, 2013

An MBA is expensive. Here are some tips for getting the money together to do one.

Hot Discussions

Topics