Many of you have shared your concerns about the economy and its possible impact on securing student loans. As you may have read, Citibank announced that it is suspending private loans for international students.
I asked my colleague Jack Edwards, Director of Financial Aid at the GSB, to help clarify the impact of this announcement.
His words: "International students at the Stanford Graduate School of Business will not be impacted by Citibank’s decision. The GSB Financial Aid Office has a close working relationship with Stanford Federal Credit Union and for the past two years we have made arrangements exclusively through SFCU to provide international students at Stanford the ability to take out private loans without a US co-signer."
"Citibank maintains its loan program for domestic borrowers."
Please contact our admission counselors if you have further questions.
Next up, will the economy impact my ability to get a job after I graduate?