According to the N.Y. Times, an e-mail message was sent on Monday to students at the MIT Sloan School of Management:
Dear Sloan M.B.A. student,
As a result of the nationwide credit crisis we regret that we must now notify all Sloan Master’s students that late last week MIT was notified that Citibank has exercised its 30-day option to cancel the CitiAssist custom student loan program with MIT Sloan, effective Nov. 2, 2008.
Students who have already had their loans processed and approved by Citibank appear to be safe, but those who were still securing financing may be in trouble. The school is now helping students scramble to find alternate financing.
Clear Admit informs that program ended at Cornell's Johnson, and this would also impact other schools (HBS and Wharton) that offer CitiAssist loans to international students without a co-signer.
http://economix.blogs.nytimes.com/2008/ ... -students/
http://www.bus.umich.edu/admissions/fin ... rivate.htm
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