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by csomar 5558 days ago
Thanks for the detailed comment. I just want to know how did you got the loan? The question is open for anyone too. I'm a third-world citizen looking to study in the USA and while can make my living, I don't think I can pay the expensive tuition fees.
2 comments

Sure. I think its definitely worth getting a loan if you're really determined that's what you want. Most schools here (private ones included) give rather significant scholarships. You don't even need to apply for most cases: they just base it off your SATs and essay, and they usually give more if you go tell them about your circumstances.

I was actually one of the first ones in my country to get approved for such a large amount ($60K+ for five years (bachelors+masters)), and it helped that my dad was an employee of that bank. However, it was a really long process and many people were very dubious. My dad actually had to go all the way up to the CEO of the bank in order to get the approval, and those people were constantly behind my parents all this time checking up on my progress. Needless to say, it is very important that you not slip up.

But this was five years ago, and I've heard from my parents that a lot more students are been approved now after the banks saw its not that big of a risk. All in all, be prepared for a lot of bureaucratic hassle.

My recommendation, in retrospect, is that it is not generally worth it. You can learn more from the classroom videos MIT and Stanford have put up, and if you participate in open source projects, you can pick up the programming idioms and practices fairly well. Take advantage of what the internet has to offer. Most companies, atleast from what I've seen on HN, value your github commit log more than your degree as it says more about what your interests are.

Why not go to continental Europe instead? Universities are mostly either very affordable or, in some cases, free.
If the quality matches, that's a great deal. I life in North Africa. But do you have any idea (which university, how to apply, requirements...)
I went to the Vienna University of Technology.

Applying and requirements differ from one university to the other, but you can find the highest ranked ones (by subject) in several places online and the unis' websites normally tell you how to apply.