I'd like to ask everyone if they know if I am able to obtain a student Loan from Credit Suisse, UBS, or any other Swiss bank as an American Student Studying at St. Gallen.

I am under the impression that I will have a B-permit once I become registered. Will this allow me to obtain funding for the remainder of my program? Or, do I need to have a C-permit in order to do this?

Any thoughts on this would be greatly appreciated. Also, any other thoughts on finding financial assistance to MBA students would be most helpful.

thank you,

Nate

Dear Nate

Unfortunately I think you will have a hard time finding a student loan in Switzerland.

From my research, student loans are not a standard product offered by Swiss Banks. Some of the B-Schools have a arrangement with the larger Swiss banks to offer loans to their students however these are usually guaranteed by the school. My understanding is that the only option is a personal loan, however you need to provide collateral.

If you have any luck, please report back as many people here could benefit from the info.

Good Luck
Nats

I have great news for those who are seeking a student loan...at least from St. Gallen University. I was told by Credit Suisse that a B-permit and a place of residency is all that is required to obtain a student loan. It was stated that credit suisse only lends to EU citizens/Swiss residents, but did not specify which residency permit (B or C) was needed.

To Clarify: A B permit and a place of residency is sufficient to obtain student funding.

Nate

Additionally - at least when I did my MBA there - the University offered student loans directly themselves. Have they stopped that now?

Hi Corbets,

You are correct, they still offer loan through St. Gallen University. However, due to economic reasons, the school has been unable to provide the entire funding for the program. From what I'm told, most MBA students are getting less than 50% of their tuition covered through the St. Gallen Loan. It used to be 87.5% in previous years. I received 30000CHF, which is the highest award this year, so I'm told. I have already heard of several MBA students defer their admissions until next year due to the economy. Hopefully, you and your awesome MBA can turn things around.

If anybody has any more questions, I'm free to answer them as I've been through every website known to man on how to find funding as well as how to find housing through St. Gallen, which isn't that difficult.

Take care!

Anyone knows how it looks like at the Uni of Bern? What is the interest?

since the last time I wrote, the Swiss and American government don't like each other that much (I wonder why?). so, everything was good to go until Credit Suisse told me they can no longer offer me a loan because I do not have a permanent place of residency.

Long story short, credit suisse no longer offers loans to American students because of the government, not because of the banks themselves.

Sorry.

So a non eu student will not get any loan from the bank (is it??) because basically a non eu student need 2000chf bank statment per month to apply a student permit. if i have 2000chf per month, i guess i dont need help from the bank in this case.

i am a non eu student tried so hard to find the way to study here, but without that money for the school , plus the bank statment crap, is that another way?