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 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. 2016-17 Loan Term Sheet.
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. Private education loans are funded by private lending institutions and require a separate loan application. Private loans may offer fixed and variable interest rates based on the co-signers credit history and credit score. Loan amounts are limited to the published total cost of education as determined by the educational institution, less any loans or financial assistance you receive. 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. You may choose one of these or any other lender of your choice:
Citizens Bank Student Loan https://www.citizensbank.com/student-loans/graduate-loans/default.aspx
Discover MBA Student Loan https://www.discover.com/student-loans/mba-student-loans.html
Sallie Mae Loans http://www.salliemae.com
Wells Fargo 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