Wednesday, November 5, 2008

HBS on International Student Loans

Amid all of the grim news lately regarding the availability of student loans, Dee Leopold posted an update on the HBS admissions blog to let international applicants know that they will still have access to need-based loans without a U.S.-based cosigner.

Writes Leopold:

While at this time we do not have further details about specific loan programs with private lenders, we are able to make this important - and reassuring - statement about continued accessibility.

She went on to say that all students will still be eligible for HBS fellowships, which don't need to be repaid. The average need-based fellowship is about $25,000 per year, making them critical in keeping down HBS students' total costs.

If you're applying to Harvard, visit the Veritas Prep HBS information page for more application advice and resources.