Top Schools guaranteeing loan to int'l without cosigner

[columbia10admit]

Originally Posted by jbigtani

Hi Guys,

I am starting this thread.
Here I would ask people to make list of global schools which guarantees you a loan.
This is irrespective of citizenship and no need to cosigner.
I would also request people to provide interest rates and origination fee.
Most of the top schools like stanford, harvard has 0% origination fee.
Assumptions --
Prime Rate P = 8.25
LIBOR = 5.36

Would love to get input from existing mba students or mba alumnis.
Here is what I could get from school's individual websites.



Guarantees
--------------------
Fuqua (Duke) - P+2 = 10.25%
Stanford - 7.92%
Harvard - P-0.125 = 8.125%
Ross (Michigan) - P = 8.25%
MIT sloan - P+0.25 = 8.5%
UNC Kenan - guarantees but no info on interest rate
Cornell - Guarantees
Wharton - P + 1.5 = 9.75%
Tuck - LIBOR+3.75. = 9.11% , 2% Origination Fee
Judge Business School @ Cambridge via HSBC

No Guarantess
------------------
Insead
USC Marshall


No idea
-------------
Kellogg???????????????
Columbia ???????????
Chicago?????????
HASS - P+6.5!!!????
Stern:NYU ????

Hope this is helpful for people. Please correct and update the list. make sure you get data from official source.

Note-- I will keep updating this list from the info i receive on this thread.

you can add columbia, chicago and darden to the list of those who give full (tuition + living) loans without a cosigner.


you guys will need to note that this year things are pretty bad: many private banks have not given international students loans without cosignors. columbia had lesser options this yr - we usually have 3 banks, this year we nad 2.

[mayank_rasu]

Originally Posted by columbia10admit

you can add columbia, chicago and darden to the list of those who give full (tuition + living) loans without a cosignor.

you guys will need to note that this year things are pretty bad: many private banks have not given international students loans without cosignors. columbia had lesser options this yr - we usually have 3 banks, this year we nad 2.

Hi,
I think that Chicago has stopped this program.
Getting In Chicago Ends Loan Program - BusinessWeek

Kindly confirm. No cosigner loan is one of the prime factors I am considering before making my final list.

[monica4mba]

gr8 initiative.......truely

[columbia10admit]

Originally Posted by mayank_rasu

Hi,
I think that Chicago has stopped this program.
Getting In Chicago Ends Loan Program - BusinessWeek

Kindly confirm. No cosigner loan is one of the prime factors I am considering before making my final list.

that article is about the school itself lending, i think.


but - im shocked but you may be right!!! there is no mention here:

Full-Time MBA Financial Aid - University of Chicago Graduate School of Business

you guys should check with kunalnagpal. and also use this:


For additional information on financial aid, please contact the GSB Office of Admissions and Financial Aid at 773.702.3964 or email us at Financial.Aid@ChicagoGSB.edu.

[mayank_rasu]

Originally Posted by columbia10admit

that article is about the school itself lending, i think.


but - im shocked but you may be right!!! there is no mention here:

Full-Time MBA Financial Aid - University of Chicago Graduate School of Business

you guys should check with kunalnagpal. and also use this:


For additional information on financial aid, please contact the GSB Office of Admissions and Financial Aid at 773.702.3964 or email us at Financial.Aid@ChicagoGSB.edu.

Moving forward, Kindly confirm before posting information. We generally consider information posted by fellow puys as gospel truth

[columbia10admit]

Originally Posted by mayank_rasu

Moving forward, Kindly confirm before posting information. We generally consider information posted by fellow puys as gospel truth

truly sorry i can speak for columbia, i have a citibank loan myself this yr without a cosignor. darden also i know for sure.
but chicago.. i applied this yr, and till then they had a program!! thats why im shocked!
we shall check with kunal.

[nagpalkunal]

Originally Posted by columbia10admit

truly sorry i can speak for columbia, i have a citibank loan myself this yr without a cosignor. darden also i know for sure.
but chicago.. i applied this yr, and till then they had a program!! thats why im shocked!
we shall check with kunal.

GSB has stopped the school-as-lender program as the article says. Essentially it means that gone are the days of subsidies :P
We will now have two or three private lender options. Citiassist is one of them

Also, the rates mentioned in the post for various schools have drastically reduced with the FED reducing rates across the board.

P.S. LIBOR in itself does not mean much, you need a place (US/UK etc) and a duration. Most schools of 3 month US LIBOR average rates. updated every 91 days.

Cheers

[eng_harsh]

UT-Austin, Mccombs - No guranteed loan - could not join because of that.

Originally Posted by jbigtani

Hi Guys,

I am starting this thread.
Here I would ask people to make list of global schools which guarantees you a loan.
This is irrespective of citizenship and no need to cosigner.
I would also request people to provide interest rates and origination fee.
Most of the top schools like stanford, harvard has 0% origination fee.
Assumptions --
Prime Rate P = 8.25
LIBOR = 5.36

Would love to get input from existing mba students or mba alumnis.
Here is what I could get from school's individual websites.



Guarantees
--------------------
Fuqua (Duke) - P+2 = 10.25%
Stanford - 7.92%
Harvard - P-0.125 = 8.125%
Ross (Michigan) - P = 8.25%
MIT sloan - P+0.25 = 8.5%
UNC Kenan - guarantees but no info on interest rate
Cornell - Guarantees
Wharton - P + 1.5 = 9.75%
Tuck - LIBOR+3.75. = 9.11% , 2% Origination Fee
Judge Business School @ Cambridge via HSBC

No Guarantess
------------------
Insead
USC Marshall


No idea
-------------
Kellogg???????????????
Columbia ???????????
Chicago?????????
HASS - P+6.5!!!????
Stern:NYU ????

Hope this is helpful for people. Please correct and update the list. make sure you get data from official source.

Note-- I will keep updating this list from the info i receive on this thread.

[mayank_rasu]

Originally Posted by nagpalkunal

GSB has stopped the school-as-lender program as the article says. Essentially it means that gone are the days of subsidies :P
We will now have two or three private lender options. Citiassist is one of them

Also, the rates mentioned in the post for various schools have drastically reduced with the FED reducing rates across the board.

P.S. LIBOR in itself does not mean much, you need a place (US/UK etc) and a duration. Most schools of 3 month US LIBOR average rates. updated every 91 days.

Cheers

Thanks Kunal, are you saying that these private lenders do not give loans without a US Cosigner?

[john_almighty]

LBS gives loans via HSBC without guarantor

They charge 2% of the amount as admin fees and give it for 2.75% above LIBOR ...
You can get the whole tuition and 10000 GBP extra per year for living expense

Payment is 6 months after graduating and within 7 years

Good thing is there is no early repayment penalty