Wednesday, March 29, 2006

Carnegie Mellon financing

The last couple of weeks have been kind of depressing. Getting admitted to CMU 's MSE and not being able to pay for the tuition was a real turn down. Thanks to the tremendous effort by my family, especially my parents and my sister I will probably going to be able to attend for the intensive 12-month course. The real problem was that since I'm an international student, securing a loan is very difficult, and in my home county there aren't any provisions for this sort of things. Fortunately, I have an uncle in the US that may be willing to lend a hand in case I need it.

While investigating for loans I found and interesting site called MyRichUnlce that lends money, but instead of repaying the loan the traditional way with a interest fee, you are bound to pay 1% of your salary for an X amount of time after graduation. Seems really interesting idea since these guys know that once you get your higher education your probably have better paying job opportunities.

The next step is to complete and submit the required forms, that include standard user forms and medical records and then wait for the I20 which will allow me to get my student Visa.

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