It appears that the economic crisis will negatively impact future and current MBA students in more ways than just the job market. Funding will also be a challenge. I have included a short article about Citibank loans for Sloan students. This may affect other schools as well.
Credit Crisis Is Bad News for M.B.A. Students
https://economix.blogs.nytimes.com/2008/ ... -students/
By CATHERINE RAMPELL
… and not just because they will have trouble finding jobs on Wall Street. Some have also just had their student loan options yanked. An e-mail message sent to students Monday at MIT Sloan School of Management:
Dear Sloan M.B.A. student,
As a result of the nationwide credit crisis we regret that we must now notify all Sloan Master’s students that late last week MIT was notified that Citibank has exercised its 30-day option to cancel the CitiAssist custom student loan program with MIT Sloan, effective Nov. 2, 2008.
Students who have already had their loans processed and approved by Citibank appear to be safe, but those who were still securing financing may be in trouble. The school is now helping students scramble to find alternate financing.
Credit Crisis Is Bad News for M.B.A. Students
https://economix.blogs.nytimes.com/2008/ ... -students/
By CATHERINE RAMPELL
… and not just because they will have trouble finding jobs on Wall Street. Some have also just had their student loan options yanked. An e-mail message sent to students Monday at MIT Sloan School of Management:
Dear Sloan M.B.A. student,
As a result of the nationwide credit crisis we regret that we must now notify all Sloan Master’s students that late last week MIT was notified that Citibank has exercised its 30-day option to cancel the CitiAssist custom student loan program with MIT Sloan, effective Nov. 2, 2008.
Students who have already had their loans processed and approved by Citibank appear to be safe, but those who were still securing financing may be in trouble. The school is now helping students scramble to find alternate financing.
Scottie Winslow | Admissions Consultant |
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