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Old 25.06.2009, 11:32
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Obtaining a student loan holding a B-Permit

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
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Old 25.06.2009, 11:38
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Re: Obtaining a student loan holding a B-Permit

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
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Old 08.07.2009, 07:10
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Re: Obtaining a student loan holding a B-Permit

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
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Old 08.07.2009, 07:17
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Re: Obtaining a student loan holding a B-Permit

Additionally - at least when I did my MBA there - the University offered student loans directly themselves. Have they stopped that now?
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Old 09.07.2009, 08:22
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Re: Obtaining a student loan holding a B-Permit

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!

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Additionally - at least when I did my MBA there - the University offered student loans directly themselves. Have they stopped that now?
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Old 11.07.2009, 18:04
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Re: Obtaining a student loan holding a B-Permit

Anyone knows how it looks like at the Uni of Bern? What is the interest?
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Old 10.12.2009, 22:54
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Re: Obtaining a student loan holding a B-Permit

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.
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Old 11.12.2009, 03:56
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Re: Obtaining a student loan holding a B-Permit

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?
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Old 09.12.2016, 01:12
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Re: Obtaining a student loan holding a B-Permit

Hai, am confused, i had a great plan before coming here, and due to unforseen expenses am worried... so i wanted to find out, is there a possibility for an african student to get a student loan with a B permit..

anyone's response will be highly appreciated
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Old 09.12.2016, 01:49
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Re: Obtaining a student loan holding a B-Permit

B permit is a good start, banks loan money to B non-EU. But next important question, much more important than your nationality, is what sort of regular income do you have and how you expect to repay the loan? Without income, banks won't loan you anything, especially for any generic "unforseen expenses"
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Old 09.12.2016, 02:20
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Re: Obtaining a student loan holding a B-Permit

Thank u for your response... do u knw the specific banks that do tht?
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Old 09.12.2016, 02:25
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Re: Obtaining a student loan holding a B-Permit

Easiest is probably to get a credit card as a start. This way you can secure a credit line in advance and don't have to pay until unforeseen expenses are actually needed. Cumulus Mastercard (Cembra Money Bank) and Coop Supercard (Credit Suisse) are both free and not bad. Both accept non-EU with B.
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Old 09.12.2016, 08:46
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Re: Obtaining a student loan holding a B-Permit

Given that one of the requirements to get a permit to study here is to show that you have the financial resources to support yourself I highly doubt it. We're talking between CHF20,000 and CHF30,000 per year depending on which university you plan to study at. If you can't provide a bank statement showing you have the necessary funds you won't get a permit, plain and simple. Whether you could get any kind of scholarship funding you'd have to ask.

"Tuition fees
Semester fees at public universities vary between CHF 500 and CHF 2 000. International students are charged higher tuition fees at some universities. Private universities charge higher tuition fees.

Compared to other countries, Swiss higher education tuition fees are moderate. Please refer to page 46ff for details about university tuition fees. Depending on the university location, area of study, and personal needs, the estimated total cost for one academic year ranges between CHF 20 000 and CHF 30 000.

Funding
To find out whether a Swiss university offers scholarships to international students, candidates are advised to consult the respective university website. The Swiss Government awards Excellence Scholarships to foreign scholars and artists holding a recognised university degree. Detailed information about offer and requirements is available on the website of the Federal Commission for Scholarships for Foreign Students (FCS)."

https://www.swissuniversities.ch/fil...2016-17_ES.pdf
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