坏消息...CITI 取消免co-signer的贷款了...

ecoliboy

Wow, this will have major impact on international applicants and complete change the competitive landscape of b-school application.

What a bloody year!

苞米

1.     The Citi-Assist loan will not be renewed;

2.     Starting next academic year, you need a co-signer to apply;

3.     A co-signer has to be either a citizen or a green card holder;

4.     You will need at least $ 100,000 for a top MBA program, one way or another;

5.     student loan policy impacts student pools for the next couple of years (this is from the past experience)

rmbaos

怎么都是Citi呢，唉，学校都该换银行了。

wquan99

What's the source of your information?

I dropped a few lines to Wharton ad office but got no reply yet.

Nor is there any such information/notice on the s2s forum.

rmbaos

不过照JPMC或者Wells Fargo的一项风险控制方针，估计不要co-sign的可能性也极小。

kevingu

担心也没有

[此贴子已经被作者于2008-11-28 21:51:42编辑过]

wquan99

I just called sloan and wharton. the sloan lady confirms the loan for intl. students without a co-signer is gone... the wharton lady says i'm still encouraged to apply but the policy is subject to change...

is there any other private loan that we can use?

kevingu

how about chicago??

trickingz

citi assist没了，有些学校是bank of america的loan,现在还没取消。

vega520

I am emailing to update you on a recent change in the Ross CitiAssist Loan Program.  This is the program that provided a guaranteed loan to our international students.  I regret to inform you that the Ross CitiAssist Loan program will be terminated, effective November 2, 2008.  Under the terms of our contract with Citibank, they have the right to terminate the contract by giving thirty days notice.  Late last week, citing current market conditions, they exercised that right.

Please note the University of Michigan CitiAssist Loan program is not affected and remains a resource available to all students.  International students may borrow through the University of Michigan CitiAssist Loan program using a U.S. citizen or permanent resident cosigner:  http://www.bus.umich.edu/admissions/financialaid/loans/Private.htm

As an entering Winter student, you probably have not completed a loan application.  Citibank has confirmed that they will allow Ross to continue processing Ross CitiAssist loans for a limited time period.

You should immediately submit your Ross CitiAssist loan application for processing.  Priority deadline date for MSCM students is October 22, but you are encouraged to submit the loans as soon as possible.