Spanish company gives €50,000 in loans to US student
Experian is giving US student Ryan Burch an extra €50 million in loans and credits to get him into college.
The company said the loan is the largest ever given to an American university student in the United States.
The amount of money that the student will receive from Experian, is the most money given by the company to an international student.
The money comes in the form of a two-year, $35,000 loan and a one-year credit line that will be used to help pay for tuition, fees, books and supplies.
Burch, who is studying business at Ohio State University, is currently studying at the University of Pennsylvania and will be finishing his degree in the next year.
“The experience of this student will be invaluable to our students,” said Paul Rochat, vice president of corporate development for Experian.
“He is a very talented and motivated young man who is looking forward to taking the next step in his education and career.”
Experian’s loan comes in two installments.
The first will be paid off at the beginning of the next academic year, the second one will be a two year credit line for the following two years.
Buster’s $50 million loan comes on top of his $25 million loan from Experians parents and will also go toward his medical school tuition.