Question 1

Who can apply for Leap Finance’s loans?

Accepted Answer

At the moment, we fund Indian students considering graduate courses at US universities. If you are one of them, please go ahead and apply! We will be expanding to other geographies shortly

Question 2

Who is a co-signer and do I need one?

Accepted Answer

A co-signer (or co-borrower) takes the loan jointly with you. The co-signer could be your parent or any other family member who commits to paying the balance of the loan in the event that you cannot. A cosigner's credential may result in better loan term like lower interest rates.

Question 3

What will be the long term impact of COVID-19 on the US STEM job market?

Accepted Answer

STEM industry is very resilient. Despite the 2009 financial crisis, STEM jobs increased by 40% between 2009 and 2014. Moreover, the US currently has a deficit of 2mn STEM talent that is typically plugged by top foreign talent such as you. Once the crisis passes, things will only move north. Furthermore, more industries will adopt Work From Home leading to a greater dependency on tech tools - hence increasing demand for STEM talent

Question 4

When do I get my sanction letter?

Accepted Answer

You will get a provisional offer online within ten minutes. Once you submit the supporting documents, we will issue an official sanction letter within 72 hours

Question 5

How will I receive my loan funds?

Accepted Answer

Funds will be disbursed directly to your University. You can choose the amount to be sent to the university