Rose Martinelli, director of admissions and financial aid at the University of Chicago’s Booth School of Business, in her blog, updated on school's progress in securing a loan for our international students without a cosigner.
Rose said," A few facts first: Since October, we have been working very closely as part of the University-wide effort to find a solution for our international students who do not have access to a U.S. cosigner. We have explored traditional options such as banks as well as non-conventional sources of funding. Our goal has been to secure a "guaranteed" loan for our international students at competitive market rates with favorable terms."
She said further she had some good news to share about the status of international student loans at the school,"We are in active discussions with a number of organizations at this time and are close to reaching agreement with the first of these lenders. While conversations are ongoing, we fully expect that Chicago Booth will have at least one viable loan program for our international MBA students well in advance of fall 2009."
Read in detail here: International Student Loan Update
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