afyl128 wrote:
AshForGMAT wrote:
Hey Guys!
Any updates on whether Ross is offering Non co-signor loan yet?
I have an admit from UNC with some scholarship while I am waitlisted at Ross in R2. But do not have a US co-signor so will need the non-co-signor loan from Ross to attend.
Any views comments on how to proceed will be highly appreciated!!
Thanks!
The adcom have told us in no uncertain terms that there will be no non us cosigner loans.
I think yield for international students will be horrendous, so the ironic thing is you will prob get off the WL but have no way to finance.
I suggest u start looking for a cosigner or a private loan because u will prob get in.
Posted from my mobile device Calm down everyone. Yes, there is no option for a no-consignor loan this year (atleast not yet) but the adcom made this clear very early in the application season. It is not as if you got admitted and then suddenly one day you found out that the loan wasn't available for internationals.
I believe people who did their due diligence before applying to Ross would have known this fact and therefore i do not believe that the yield will be "horrendous". I am an international and would have loved the option of a no US consignor loan, but i knew what i was getting into. These details should have been worked out by candidates before they applied to Ross. If the applicant knew that there was no possibility of a US consignor, and financing would be an issue, then the applicant should not have applied in the first place.
And thus, there is no need to slant the quality of internationals who will be a part of the Class of 2014 (i read that comment a few pages back).
I don't feel the adcom made it clear that there would be no co-signer loan early in the season, I think the approx 50 people who signed the page in the admitted student group saying they need such a loan would agree with me. The first announcement I saw was late January which is certainly not early in the season. I think they also indicate that there will be a large drop in yield from international students this year. I'm sure theres many others that havne't found their way to the page to sign it as well. I don't see how you can have such a large group dropping out due to funding reasons without it impacting the yield / quality of the international pool.