American Students: How/When are you financing?Watch
I have an offer for the Economics MSc, and had a few question about financing.
As I understand, the updated Cost of Attendance Sheet has not yet been made available with new exchange rates. The fees office told me not to apply until June. I am unfamiliar with the loan application process - Is there a chance I won't receive the loans? To clarify, I have MPNs for both Stafford and Plus loans, entrance counselling confirmation, selective service, and an accepted credit check. So, I have all the materials, but I'm not sure if I will be guaranteed loans...
For American students, how else are you financing the program? I understand from the offer letter that the school will let me know if I qualify for any scholarships based on my GSS application, but is there anything I can do now to guarantee funding?
I suppose I feel a bit anxious. I want to make sure I can afford the program before I turn down other schools that have accepted me.
Thanks in advance for your help,
I'm also an American student that will be starting in September - studying MSc Media and Communications. I called the Fees Office yesterday and was told to check back at the end of the week for the 2016 CoA spreadsheet. I applied for a private loan through Sallie Mae and it was very quick and painless - application took about 20 minutes and Sallie Mae approval took about 48 hours. I'm approved on Sallie Mae's loan and will just need certification from LSE once I'm able to send in the CoA sheet and promissory note. It seems that as long as you are not asking for more than your CoA (which is a very generous estimate with a 1.65 exchange rate), then you should be fine as far as loans. Thank you and see you in the fall!