American loan applicants need to meet the following conditions:
1, at least 18 years old, with full capacity for civil conduct, and the actual age is not more than 55 years old;
Valid resident status in China, with a fixed detailed address;
3. There must be a notebook with a certificate issued by the school on the amount of tuition and fees required during the study period;
4. To apply for a loan, you need a third-party guarantor who is mortgaged and willing to bear joint and several liabilities;
5. Regardless of the demand, the loan applicant must be able to apply for another part of the loan;
6. It is necessary to implement the provisions of the lender.
7. Other supporting documents and materials that the lender needs to provide when applying.
8. There are certain restrictions on the tuition fees that can be borrowed for studying in the United States. The regulation cannot exceed about 80% of the total tuition and fees.
Loan application procedures:
First of all, we should prepare the materials needed for studying abroad loans, including the personal identification materials of the lender, such as personal identity, proof of economic income, notice of admission abroad, proof of property mortgage, consent guarantee documents, credit certificate, etc. After receiving the application materials, the lender will generally reply within 7 working days. If agreed, the lender will inform the borrower of the agreed loan and sign a loan contract. If you disagree, explain the reasons and return all the materials. If the loan is guaranteed by a natural person, the guarantor shall be present and sealed. If the borrower is an overseas student, his domestic agent shall be present at the signing of the loan contract and sign the contract at the same time. If the loan is guaranteed by a legal person, it shall be guaranteed by the legal representative or agent.
Term of study abroad loan in the United States
1. The longest period shall not exceed 10 years, depending on the educational background of the borrower.
Interest rate of study abroad loan
The loan for studying abroad shall be subject to the loan interest rate of the same grade stipulated by the People's Bank of China, generally within one year, calculated according to the interest rate agreed in the contract, and the legal interest rate.
If the loan term is more than one year and the legal interest rate is adjusted, it will be charged according to the adjusted interest rate of the People's Bank of China. (For loans of more than one year, the principal and interest shall be repaid once every six months. )
Loan quota for studying abroad
In principle, the loan for studying abroad shall not exceed 80% of the total tuition and fees. The total annual expenses shall not exceed RMB 500,000, and the longest period shall not exceed 6 years.
Second, can graduate students from the Academy of Fine Arts apply for student loans?
I don't think so
Third, ordinary families want to go to the United States to study for graduate students. How to solve the tuition and living expenses?
First and foremost, you need to study hard and then study hard to get the highest GPA and win the most scholarships. Secondly, you can apply for a loan to study abroad to make up for the difference in the cost of studying abroad. For example, the MpowerFinancing loan for studying abroad in the United States can provide a fixed interest rate for international students studying in the United States, without guarantees and mortgages, with a maximum of $654.38 million. Compared with most banks in China, which have strict requirements on asset mortgage or credit guarantee, MpowerFinancing is very friendly to the application for overseas study loans.