|Quoting Cabso1 (Reply 6):|
Wouldn't you need to go to www.fafsa.ed.gov since you're American? I think they would support your application for Financial Aid outside the US.
I know FAFSA will cover Canadian schools. Not sure about the UK. I'd be surprised if the UK would allow foreigners to take out loans since what's to say that you won't skip town after your schooling is done, leaving them with the bill. It's not like that can do anything about it after the fact. I'm not saying that you would, but I think that's why banks require certain residency requirements. But, maybe the UK is different. You should check out UK banks and see if there is any info on their website.
But, what you might also want to consider is what you plan on doing AFTER university. It might be wiser to get a loan in the States since a £10,000 loan in the UK will equal about $20,000 to pay back if you're in the States and earning a USD salary. If you think you may want to try and stay in the UK after, the opposite happens. A $20,000 loan taken out in the States becomes a £10,000 to pay back. Of course, this is assuming the exchange rate stays the same, but I think it's safe to assume that the dollar isn't going to bounce back from a 2 to 1 rate to being stronger than the pound. But, for arguments sake, it stays the same, a loan in the US means that for ever pound you pay back, you're paying back roughly $2.
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