I thank each of you for your patience with us in providing the following private loan information. After several months of negotiations, the only private loan option available to our international student body will be one which requires the addition of a U.S. citizen or permanent resident to act as a co-signer. We had hoped to provide another no co-signer international loan option for the 2009-10 academic year yet major changes in the loan terms and liability have prohibited us from doing so.
The Sallie Mae Smart Option Student Loan is a competitively priced private loan option which requires the addition of a U.S. co-signer. The loan interest-rate is based on your co-signer's credit worthiness. The loan application will become available in the coming weeks.
Students are encouraged to seek funding sources other than loans to cover your educational costs. Always consider loan funding as a final source of financial support instead of a primary one to limit your amount of educational debt.