<p>I intend to go to graduate school immediately after finishing undergraduete studies. That means that I’ll be at studying for at least the next 8 years. Is it adviseble to get a student loan (from a bank) in this conditions, if I’m the person that is going to pay for it.</p>
<p>Do you have a way to pay for it without taking out loans? If so why would you borrow for it?</p>
<p>I’m not sure if anyone on College Confidential knows much about obtaining loans in Mozambique. Are you able to get loans there without a co-signer, or in your own name for the amount of tuition and other expenses? </p>
<p>No, I do not have other way pay for it.</p>
<p>Here, loans in general do require a co-signer or the person (without co-signer) to have a fixed income that guarantees his capability to pay for the loan. Since I will not have any guarantees that I will receive finantial support for graduate school beforehand, I don’t think I qualify for this.</p>
<p>But anyway, Is this practice common amongst people in my situation (who intend to go immediately to grad school) in your country? Do banks offer other possibilities, different from those that I talked about?</p>
<p>In this country, some colleges provide financial aid (loans and grants). Others provide merit scholarships. The government also gives some grant money to poor people. Also, there are government loans, including subsidized ones for poor students where the government pays the interest while you are in school.</p>
<p>Also, some forms of graduate school are covered by stipends, research grants, and teaching assistantships, so no loans there. If you are going for a professional degree (medical school, law school, etc.) you are responsible for the costs, but if you are doing a Ph.D. in the sciences, your costs should be covered if you are accepted. Some Ph.D.s in the humanities may be similarly covered. But getting accepted is the hard part.</p>
<p>@PurpleTitan
This student is an int’l. So grants for poor people and subsidized loans for poor people do not apply to this student.</p>
<p>It sounds like the student is applying to undergrad and is asking if he would be able to get a loan for everything IF he commits to going into academia/grad school. No. That would not be possible for several reasons. No one here is going to give him a loan. And, since goals change, no one really knows what an 18/19 year old will be doing 4 years from now.</p>