Wharton Announces International Student Loan Program Without Co-Signers

Wharton School announced the launch of a custom loan program with Digital Federal Credit Union that will cover tuition and living expenses for the international students. The loan terms are attractive in the current market environment: an interest rate of Prime plus 3% (with the opportunity to reduce the interest rate by 25bp if borrowers arrange for automatic repayments) and no origination fee. In order to provide these rates, Wharton will share some of the potential default risk.

According to the school this program will also be available to current first-year international students for their second year of study.

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Wharton School Announces Launch of Custom Loan Program for International MBA Students