The American student loan system doesn't cater to Muslims — here's why - Business Insider

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I had to turn down acceptances at Yale, Columbia, and Johns Hopkins because I can't take on interest-bearing loans — and I'm just one example of how the American loan system doesn't cater to Muslims (CraftOurStory)

Tasmiha Khan is a career development awardee of the American Association of University Women, has an MA in social impact from Claremont Lincoln University, and is Muslim American.

The exorbitant price tag of student loans — Khan says Johns Hopkins told her to take out $90,000 for one year of study — makes higher education unattainable for many students, especially Muslim Americans. For the many who can't afford to pay out of pocket to go to college or graduate school, there's the popular option to work with a financial aid officer to secure a financial aid package. But this "aid" can be misleading for students.

But in the end, acknowledging my religious identity and personal background allowed me to have one of the best educational experiences I could imagine. Sean was a kind soul and saw my struggle and acknowledged it — he told me he'd do the best he could to make sure I could attend Wesleyan. Every year before the financial aid package was awarded, I anxiously signed on to my student portal to see what was in store.

 

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CraftOurStory Honest question - how did you expect to pay for your education?

CraftOurStory Thank you for shedding light on this. 👍🏽

CraftOurStory Pretty stupid to be honest.. Interest is a necessary part of loan structures... afterall the issuer should receive compensation for the risk.. Seems like a stupid rule, how are you suppose to make a return on your money? How are you suppose to buy a house?

CraftOurStory I too demand interest free loans and mortgages because of my religion.

CraftOurStory Wow okay stfu

CraftOurStory These people only wants to make America look bad, I think Muslims hate western loan.

CraftOurStory It has nothing to do with being a Muslim, you can choose to play the GREED game or just like you said, 'I can't take on the interest-baring-loans'. 'FOOLISH PAWN'S' -GREED

CraftOurStory Go to one of the great Arab or Islamic universities like . . . . Ah, I see your problem. If only there were wealthy Arabs or Muslims who could provide sukuk like product for you.

CraftOurStory Go back to Madrassas

CraftOurStory I don't want to pay bc it's my religion. Nice trick. 😁 BTW Quran says that you can't take interests, not that you can't pay interests.

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