Darden Bank Loan

Since I was asked about this, please have the attached info FYI:

From: Carraway, Robert
Sent: Friday, October 10, 2008 3:45 PM
To: International Students (First Year)
Cc: Mueller, Larry; Pattie, J. Marshall; Neher, Sara; Mills, Amanda; Rodriguez, Peter; Tenguria, Susheel
Subject: International student loans

I hope your exams and exam preps are going well.

I interrupt your current activities to respond to the present turmoil in the financial markets and its impact on international student loans, specifically loans not requiring a creditworthy U.S. citizen cosigner.  Thanks to Larry Mueller’s efforts and foresight, you should be all set for this year, as long as you got your GATE loan application in by September 15.  With this e-mail, I want to assure you, as a current Darden student, that the School WILL have an option available for you to borrow funds to support your second year.   You therefore do NOT need to worry about this.

In terms of prospective students, we are working hard to find a similar solution for them.  We are not there yet, but optimistic that we will find an option for them soon.  If contacted by a prospective student, please help us get our message out to them: (1) we fully expect to have an option available for them and (2) THEY SHOULD PROCEED WITH THEIR APPLICATION UNDER THIS ASSUMPTION.  No one will be asked to pay a deposit until a plan is in place.  

Virtually all schools are struggling with this issue right now.  We don’t want to lose attractive prospective students to other schools that are more willing to make promises before they know how they will deliver on them.

I hope this note enables you to rest easy, at least on this score; there is of course still that exam thing!

Robert

Thanks for info. similiar situation for most BS. Hope it can be done soon.

我觉得学校这么说，就是想忽悠你继续申请。要我是招生办的，不到最后一分钟我也不能告诉你不行。还等着收申请费呢。你仔细读，其实对明年新生什么承诺也没有。Darden 担心的就是 lose attractive students。现在的趋势，全美国学校都有这个问题，那大家就全一样了。最好的结果，就是学校象征性的提供 10K-20K 的小贷款。

另外说一句，美国现在连本国学生贷款都有问题了。对银行来讲，像这种没抵押没担保的 student loan，属于风险很高的贷款之一，风险甚至比次级债还高。
http://www.marketwatch.com/news/story/fewer-loans-students-credit-crunch/story.aspx?guid=%7B21BAFC23-EB7D-4CED-BAE0-BEE5F265312C%7D

我是在校学生

我不认为学校需要“忽悠”我“继续申请”

前阵子大家都在讨论是否还会有第二年的贷款的问题

这封信是学校公开的update

我更没有删节改动过学校给我们的这封信件的任何一个字

学校这么说正是不想忽悠人“继续申请”

所以我相信Darden会有贷款的

BTW目前在美国所有top 20 school里面，Darden贷款利率是最低的

这已经说明了学校的信誉

另外，学校说我能提供贷款比说我会尽力提供贷款不会困难很多吧？

到时候就没有了或者少了你能怎么样，找学校算账？

就算现在哪个学校告诉你：我明年一定能给你贷款，你能相信吗？

是学校没有必要忽悠在校生，可你看到这句没有 "If contacted by a prospective student, please help us get our message out to them”。

另外质疑一下“Darden贷款利率是 TOP 20 最低的”。我知道前几年，Citi 给外国学生的 floating rate 是 prime rate (现在 4.5%) + 1%，联邦 10-year fixed rate 6.8%。Darden 是多少？

OK, one of the lowest.

Around 5% this year.

BTW: I hope we can stop our nagtive discussion about Darden here.  

Thanks for repecting my motivation.

I will not get a share if any one apply our school.

Virtually all schools are struggling with this issue right now.....

if financial turmoil go even worse, laons, credits may stop???? banks already stop giving credits to each other.

Attentioned, Darden will be my target...