Citibank Cancels CitiAssist Student Loan Program at Several Business Schools » Clear Admit: MBA Admissions Consultants Blog

APPLICANT RESOURCES

Admissions Director Q&A (New!) Below are links to Clear Admit's exclusive admissions director Q&A sessions.
Dawna Clarke (Tuck)
Rose Martinelli (Chicago)
Judith Hodara (Wharton)
Sarah Neher (Darden)
Soojin Kwon Koh (Michigan)
Randall Sawyer (Cornell)
Beth Flye (Kellogg)
David Simpson (LBS)
Liz Riley Hargrove (Duke)
Linda Meehan (Columbia)
Bruce DelMonico (Yale)
Peter Johnson (Berkeley)
Isser Gallogly (NYU)
Mae Jennifer Shores (UCLA)

Clear Admit School Guides
Eighteen titles available! Understand how the leading programs compare and learn more about the MBA experience in and beyond the classroom through Clear Admit School Guides. As featured in the Economist.

Clear Admit Interview Guides
Be as prepared as possible for your MBA interviews this season with the Clear Admit Interview Guides! School-specific sample questions and in-depth strategy, campus visit details and places to stay.

Application Deadlines
Below are the upcoming deadlines for admission to top-tier schools.
Jan. 2: Michigan / Ross R2
Jan. 6: HBS R2
Jan. 6: LBS R2
Jan. 7: Chicago GSB R2
Jan. 7: UVA / Darden R2
Jan. 7: Dartmouth / Tuck R2
Jan. 7: Duke / Fuqua R2
Jan. 7: Stanford GSB R2
Jan. 7: Yale SOM R2
Jan. 8: UCLA / Anderson R2
Jan. 8: Wharton R2
Jan. 9: UNC Kenan-Flagler R3
Jan. 12: Cornell / Johnson R3
Jan. 12: Kellogg R2
Jan. 13: MIT Sloan R2

Essay Topic Analysis
Below are links to our comments on some of the top programs' essay topics.
The Career Goals Essay*
Berkeley / Haas*
Chicago GSB*
CMU / Tepper*
Columbia*
Cornell / Johnson*
Dartmouth / Tuck*
Duke / Fuqua*
Harvard*
IESE*
INSEAD*
London Business School*
MIT / Sloan*
Michigan / Ross*
Northwestern / Kellogg*
NYU / Stern*
Oxford / Said*
Penn / Wharton*
Stanford GSB*
UCLA / Anderson*
UNC / Kenan-Flagler*
USC / Marshall*
UT Austin / McCombs*
UVA / Darden*
Yale SOM*
* denotes '08-'09 commentary

Categories
Use categories to access all that has been written on each of the topics. We have categorized by school and by subject matter.

Interview Reports
A selection of interview field reports from fellow applicants posted to the MBA Admissions Wiki. Add your reports when you are finished with your interviews.
Chicago
Columbia
Dartmouth / Tuck
Duke / Fuqua
Harvard
Kellogg
Michigan / Ross
MIT / Sloan
Stanford
UNC / Chapel Hill
Virginia / Darden
Wharton
London Business School

GMAT Resources
GMAC
Manhattan GMAT
GMAT Club
Princeton Review
Test Prep New York
Kaplan
Beat The GMAT

Writing Resources
Guide to Grammar and Writing
The Internet Grammar of English
English Usage, Style and Composition
The Economist Style Guide
Paradigm Online Writing Assistant

School Rankings
Rankings are a good way to start your research on various MBA Programs. Keep in mind each uses a different methodology.
Business Week
Economist
Financial Times
Forbes
USNews
Wall Street Journal

Career Guides
The following resources should be useful to those who want to research the careers open to them after (or before) earning an MBA.
Vault.com
Wetfeet

Business School Resources
The following are business resources offered by a variety of leading Business Schools. It's useful to subscribe to these resources, especially for the schools to which you are applying.

MBA Programs: North America
If an MBA Program is not listed, please e-mail and we will be happy to list it.
Berkeley / Haas
Carnegie Mellon / Tepper
Chicago
Columbia
Concordia
Cornell / Johnson
Dartmouth / Tuck
Duke / Fuqua
Emory / Goizueta
Harvard
HEC Montreal
Indiana / Kelley
Michigan
MIT / Sloan
Northwestern / Kellogg
New York / Stern
North Carolina / Kenan Flagler
Notre Dame / Mendoza
Pennsylvania / Wharton
Queens
Stanford
Texas / McCombs
Thunderbird
Toronto
UCLA / Anderson
Virginia / Darden
Western Ontario / Ivey
Yale

MBA Programs: Rest of the World
As there is some variety in the length of international MBA programs, we have denoted the length of the program next to its name (1 = one year; 2 = 2 years). If an MBA Program is not listed, please e-mail and we will be happy to list it.
AGSM (Australia) 2
Cambridge / Judge (UK) 1
CIEBS (China) 2
Cheung Kong Graduate School of Business (China) 1
Cranfield School of Mgmt (UK) 1
ESADE (Spain) 1 or 2
HEC (France) 2
IESE (Spain) 2
IMD (Switzerland) 1
INCAE (Costa Rica) 2
INSEAD (France) 1
IPADE (Mexico)
ISB (India) 1
London Business School (UK) 2
Manchester Bus. School (UK) 2
Melbourne (Australia) 2
Oxford / Said (UK) 1
Rotterdam (Netherlands) 1
Tsinghua IMBA (China) 2
University of St. Gallen (Switzerland) 1

Additional Resources
Here we link a host of additional resources available across the web. E-mail info@clearadmit.com to have resources added to this list.
AACSB International
Association of MBAs
Beyond Grey Pinstripes
EFMD
gradschools.com (worldwide)
Infozee
mba.com (GMAT Scores)
MBAInfo
mbaleague.blogspot.com
MBAzone
MBA Jungle
TOEFL
Top MBA

MBA Tipline
We encourage admissions officers, students and applicants to alert us of interesting news and developments, please send an email to news@clearadmit.com so we can blog it.

Blog Archive

Friday, October 10, 2008

Citibank Cancels CitiAssist Student Loan Program at Several Business Schools

A piece in the Economix column of the New York Times earlier this week called attention to troubling news regarding the impact of the current credit crisis on the availablility of student loans to MBA students, particularly private loans administered through the CitiAssist program for international students.

The piece, entitled “Credit Crisis Is Bad News for M.B.A. Students” excerpted an email message sent to students Monday at MIT Sloan School of Management. According to that message, Citibank has exercised its 30-day option to cancel the CitiAssist custom student loan program with MIT Sloan, effective November 2, 2008.

The Economix column went on to explain that students who have already had their loans processed and approved by Citibank appear to be safe, but that those who still need to secure financing face greater problems. “The school is now helping students scramble to find alternate financing,” the Times reported.

The problem is not limited to MIT Sloan. The CitiAssist program is also ending at the Ross School at the University of Michigan, according to the school’s own website.

Information listed on the Ross site about the CitiAssist program indicates that of the 3,500 University of Michigan students who took out private loans in 2007, 68 percent did so through the CitiAssist program. But a bulleted point highlighted in red in the program description reads, “This loan program will end on 11/02/08. Priority date for applications is 10/15/08. Applications received after this date may not be processed.”

In a phone interview this morning, Randall Sawyer, dean of admissions for the Johnson School of Business at Cornell University, said that as he understands it, Citibank has removed its CitiAssist program from all of its schools for international students without a domestic cosigner. Harvard Business School and the Wharton School at the University of Pennsylvania have also historically been part of the CitiAssist program.

“It’s affecting us, though not on a huge scale,” Sawyer said, indicating that schools with greater numbers of international students could be facing a larger-scale problem. “It’s certainly something that we are talking about though,” he continued.

According to Sawyer, even students who have secured funding for this year may still be unsure about whether they will find funding for next year. “At this point we don’t have any official release about the situation,” he said, but he indicated that Johnson would do its best to help students find alternate sources of funding.

Clear Admit plans to stay on top of this unfolding situation as it impacts prospective MBA applicants. Watch this space for more details as they become available.

# posted by Clear Admit @ 2:27 pm in General, MBA News, School: Cornell / Johnson, School: Harvard, School: MIT / Sloan, School: Michigan / Ross, School: Penn / Wharton

DISCUSSIONS / BLOGS / WIKI

Clear Admit's Most Recent Entries

Wiki

MBA Admissions Wiki
The Clear Admit Wiki is designed to allow b-school applicants to share their experiences through the application process. You can learn from others' experiences and contribute your own reports to the community. Below are the five most popular pages in the wiki:
Wharton Interview Field Reports
HBS Interview Field Reports
Kellogg Interview Field Reports
Chicago Interview Field Reports
Columbia Interview Field Reports

Discussion Boards

BusinessWeek Forums
The BusinessWeek Discussion Boards are another way to learn about the issues applicants face. Clear Admit hosts the Ask Clear Admit thread, which should help answer your questions. Here is a link to the original interface (for those of you who didn't like the recent upgrade). Also, here are the five most recent discussions taking place in the forum:

Beat The GMAT Forums
Clear Admit is a featured expert in the BeatTheGMAT forums, answering questions from applicants across the globe. Feel free to ask us your questions in this forum! Here are the most recent posts:

StudyLink Forums
Clear Admit manages the Applying section of the StudyLink MBA discussion boards.

student 2 student
The student-2-student Discussion Boards are managed by Wharton. Here are the five most recent discussions.

Chicago Discussion Forums
The Chicago Discussion Boards are managed by the University of Chicago. Here are the five most recent discussions.

School-Hosted Blogs

Straight from the source: aggregated posts from students and administration. Below are the seven most recent posts in school-hosted blogs.

Individuals' Blogs

A selection of the latest updates to MBA blogs compiled by Hella.
MBA Applicants

MBA Students

Bloggers by School

The following are links to bloggers at each of the schools listed.
Chicago
Columbia
Dartmouth / Tuck
Duke / Fuqua
Harvard
Kellogg
Michigan
MIT / Sloan
New York / Stern
North Carolina / Chapel Hill
Stanford
Virginia / Darden
Wharton
Yale
ESADE
IESE
INSEAD
London Business School

Community Blogs

Bshoolers.com
Community blog with MBA student and alum contributors.

Forté Foundation MBA Diaries
Video blog entries posted by women MBA students.

Owen Bloggers
Independent blog with content by Vanderbilt MBA students.

Best of Blogging

2007-2008 Top Ten:

2006-2007 Top Ten:

2005-2006 Top Ten:

2004-2005 Top Ten:

Blog Information Profile for clearadmit