Tag Archives : Student Loans

Chicago Booth Announces New International Loan Program

Chicago Booth Announces New International Loan Program

More good news is on the way for international business school applicants. Last week the University of Chicago Booth School of Business announced a new loan program for international students. Launched in partnership with JPMorgan Chase, the new program will give these students access to private educational loans without requiring a co-signer.

The new program will provide loans to international students who are not eligible for federal assistance in the U.S. and cannot qualify for standard private loans because they do not have a U.S.-based co-signer.

Filed in: Business School
Wharton Announces New Loans for International Students

Wharton Announces New Loans for International Students

Earlier this week Wharton announced a new student loan program for international students that will not require borrowers to have U.S. co-signers. The program, launched in partnership with Digital Federal Credit Union, is the long-awaited replacement that the school has been searching for since Citi canceled its program last October.

The new loan program will cover tuition and living expenses for international students at Wharton. The loan terms are quite attractive given the current lending climate: an interest rate of Prime plus 3% (reduced by 25 basis points if the borrower signs up for an automatic payment plan), plus no origination fee. Wharton will share some of the risk of default with DFCU, which indicates how badly Wharton wanted to make this new loan program happen.

Filed in: Business School
Should the U.S. Government Bail Out Student Loan Holders to Stimulate the Economy?

Should the U.S. Government Bail Out Student Loan Holders to Stimulate the Economy?

Move over sub-prime borrowers, irresponsible lenders, and big banks … a new group is on the rise, looking for a bailout. Business Week ran a fascinating article last week about a New York attorney starting a grassroots Facebook movement to change the student loan landscape, highlighted by a push for the U.S. government to forgive student loans as a way to stimulate the economy.

Filed in: Business School
HBS on International Student Loans

HBS on International Student Loans

Amid all of the grim news lately regarding the availability of student loans, Dee Leopold posted an update on the HBS admissions blog to let international applicants know that they will still have access to need-based loans without a U.S.-based cosigner.

Filed in: Business School
Veritas Prep Featured in The Wall Street Journal

Veritas Prep Featured in The Wall Street Journal

An article in today’s Wall Street Journal (“Escape Route: Seeking Refuge in an M.B.A. Program”) looked more deeply into the trend of people turning to graduate school as the economy slows. Veritas Prep was mentioned as one of the GMAT prep and admissions consulting firms that has recently seen tremendous growth because of the softening economy and Wall Street turmoil.

Filed in: Law School