Word: affectedness
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International graduate students are apt to be affected most by the change. CitiAssist allowed foreign students to borrow without a cosigner, while most similar programs require that a U.S. citizen or permanent resident cosign the loan.
Students who have already submitted applications to CitiAssist will not be affected this academic year. Citibank will continue to underwrite loans for students in coming years but no longer under the terms of the special arrangement with Harvard.
Longbrake said financial aid offices across the University will be working to find alternatives for affected students.
The Harvard Kennedy School’s associate director of student financial services, Stephanie S. Streletz, said that she estimates 90 to 95 percent of the Kennedy School’s CitiAssist applicants were able to submit their applications before Citibank cut the program. Fourteen percent of Kennedy School students...
China's export-driven economy will suffer in a global slowdown, but the country is in a better position than many to ride out the storm, argues Kroeber of Dragonomics. "Commodity price are falling, reducing the price of manufacturing. And in any case, China makes the things you buy in...