Posted by: Louis Lavelle on April 15, 2009
By Anne VanderMey
Good news this week for international MBAs venturing stateside. Today and yesterday two top schools, the University of Chicago and Harvard University , announced new loan options for international students.
The announcements follow quickly on the heels of similar news from the University of Pennsylvania’s Wharton School last week. The new lending plans (this is Harvard’s second) will replace the CitiAssist loan program, which was popular with international students until it crumbled under the strain of the credit crisis.
The loans, which don’t require a U.S. co-signer, should make B-school possible for many foreign students without another way to finance their degrees. But in this economy, as BusinessWeek reported last month, it’s no sure thing that international students will want to leave their home countries to amass student debt in the U.S.— even if they can.