School-by-School International Student Loan ScorecardLast fall, due to shrinking credit markets resulting from the global economic crisis, banks were forced to cancel a range of existing loan programs with many top business schools. Domestic students pursuing an MBA were not impacted, but the cancellations brought to an abrupt end most loan programs for international students that didn’t require a U.S. cosigner.
The schools have been working hard ever since to find solutions for their international students, and in the course of the past month, several top MBA programs have announced new no-cosigner loan options.
Here at Clear Admit, we have worked to compile the following international student loan scorecard, intended to give prospective applicants a quick view of available no-cosigner loan options on a school-by-school basis. Where available, we also have listed specific loan terms and rates. For additional details about any of the loan programs listed, please follow the corresponding links. We will update this resource regularly as new loan programs are added and/or program terms are announced.
Schools with No-Cosigner Loan Programs in Place
• Darden School of Business at the University of Virginia at Charlottesville: On April 14th, Darden Director of Admissions Sara Neher announced that her office has successfully negotiated a new no-cosigner loan program for international students. Details of the program, which have not been shared publicly, have been sent directly to admitted international students, Neher reported.
• Fuqua School of Business at Duke University: On May 11th, Fuqua announced on its website that international students will be able to secure loans for their studies at Fuqua without the need for a U.S. cosigner. “We have a solution in hand that will meet students’ needs, with terms similar to those offered for the current academic year,” according to the website. To date, details and terms of that program have not been shared publicly.
To see more schools' summaries, click here:
https://blog.clearadmit.com/2009/05/scho ... scorecard/The Clear Admit Team
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