Loan Options for International Students
Johnson and QUORUM Federal Credit Union have partnered to offer a no co-signor loan to admitted students in our full-time two-year MBA and one-year MBA programs. This loan program is available at a competitive rate, allowing international students to borrow up to the cost-of-tuition only less any scholarship received without a co-signer, as long as the international student either has no credit or at least good credit in the United States.
Details and terms of the loan will be sent directly to international students who are offered admission.
Note: Johnson does not allow US student loans to be used on a declaration of finances form. For information on I-20 VISA requirements, click here.
PLEASE NOTE: In accordance with regulatory guidelines, students who are on the Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List are NOT eligible for this private education line of credit. In addition, students that reside in countries with OFAC comprehensive sanctions are NOT eligible for this private education line of credit during the time they reside in those respective countries. Please see http://www.treasury.gov/resource-center/sanctions/Pages/default.aspx for further information.
International students should investigate all sources of funding within their own countries, such as government scholarships and loans, private agencies, and bank loan programs.
CREDILA (students from India) Visit http://www.credila.com/
CanLearn (students from Canada) Visit http://www.canlearn.ca
Alternative Private Educational loan Programs:
International students also have the option to borrow through a US lender with a credit worthy US or permanent resident co-signer. A co-signer loan may carry a lower interest rate. Students are responsible for researching and applying for their alternative loan. You may borrow up to the total cost of attendance less any financial aid. We have a neutral lender list which students from Cornell have previously borrowed through. The contact information is provided as a service and not as an endorsement of the lender. You may choose one of these or any other lender of your choice:
Citizens TruFit Student Loan http://www.citizensbank.com/trufitlending/
Discover MBA Student Loan (must have SSN) https://www.discover.com/student-loans/pay-for-college/
Sallie Mae Smart Option https://www1.salliemae.com/international/
Wells Fargo Graduate Loan https://www.wellsfargo.com/student/
For further information, contact:
Financial Aid Office
113 Sage Hall
Johnson Graduate School of Management
Ithaca, NY 14853-6201
phone: 607 255 6116
e-mail: Financial Aid