Finally, I have good news to report. The first of several loan programs for our international students was announced earlier today by the University. Click here to access the official university release.
Chicago Booth has been working closely with University of Chicago officials in developing loan alternatives for our international students who do not have a co-signer. Yesterday, the University signed an agreement with JPMorgan Chase to provide international students with access to private educational loans requiring no co-signer. Under the agreement, JPMorgan Chase will provide financing to qualified international students for amounts up to the total cost of attendance, less any financial aid received. Due to the volatility of the market, the terms of the loan program will be set and communicated later this spring. At that time, students will receive more information on the program. The program will officially launch in late May.
We are in the process of finalizing a number of other loan opportunities for our students which we hope to announce here very shortly. Our plan is to have multiple loan options for our students. More information to come very soon! Warm regards, Rose
Read the full article: New International Loan Program
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