International students at The Johnson Graduate School of Management are still scrambling to find student loans in the wake of the announcement last fall that companies like CitiAssist and Sallie Mae would terminate their “no-cosigner” student loan programs as a result of the financial crisis.
While this specific loan crisis is generally not a concern for U.S. students due to the availability of federal loans, international students heavily rely on such loans, which do not require them to find a cosigner within the U.S., to finance their education.
“It’s just the international students [who are affected]. Our domestic students will be fine; they’ll be able to get federal loans,” said Lisa Pastrick, financial aid counselor at The Johnson School.