Sunday, October 26, 2008

Hedge fund - a solution for loans without co-signer??

A well-wisher forwarded this piece of information to me. It is from the BusinessWeek forum. I am not sure how true it is. Here is the link.

For those who don't have the patience to click on the above link, here u go...

All those international students who are looking for loans without co-signer, here is a ray of hope for you. Currently all the b-schools who were dependent on CitiAssist for such loans are talking to each other to get a solution to this problem. They all are now planning to set up a hedge fund that can guarantee the loans for you guys. The schools include Chicago, Ross, Harvard, MIT and Wharton. Many more may join it but nothing is for sure. The source of this information is an adcom head from one of the schols mentioned above.

2 comments:

Prashant said...

Hey I bet that'll be a relief.

If you do have a US co-signor (citizen or permanent resident, not just an H/L visa holder), then you can also approach trusts like the Paras Education Foundation. But we already spoke about it on PG, didnt' we?

Ashwanth said...

If true, yes...it will be a relief!

Yes...there are options that one can avail. We'll just have to see how things work out.