"Wall St. meets Campus Commons" could be an alternate title for this post.
Harvard became the latest university to announce the loss of its CitiAssist loan program. Citibank stopped accepting loan applications on Oct. 6 at Harvard.
International students are hardest hit by the ending of this program. It had provided loans to them without requiring a domestic co-signor. That requirement frequently is a formidable barrier for international students wanting to attend US graduate programs.
CitiAssist has also been canceled at MIT, Michigan, Cornell, and other top graduate programs.
I also thought that of attending a US B school by taking loans without a co-signor. All such moves are disappointing for all promising Indian candidates needing monetary support.
Posted by: Padn | October 20, 2008 at 12:07 AM
Don't give up so fast. Most schools also have grant programs. At least one (Haas) has increased funding for the program in anticipation of promising applicants having more difficulty obtaining loans.
Posted by: Linda Abraham | October 20, 2008 at 04:53 PM