Chicago Ends Loan Program

Posted by: Phil Mintz on July 3, 2008

If you’re borrowing money to pay for Chicago GSB, heads up. The Chicago Tribune reports that the school is dropping out of the school-as-lender program, whereby colleges and universities make direct loans to students.

GSB spokesman Allan Friedman said today in an e-mail to BusinessWeek, “We have been in communication with our students and we are confident they will be able to obtain student loans through alternative lenders. We are committed to working with each student individually to secure resources for their education.”

The Federal government has more info on loans for grad students here.