citiassist loan options for international students new york university stern school of business...

CitiAssist Loan Options for International Students

New York University Stern School of Business

Presented by: Jason Cook

CitiAssist Loan Products

Loan Types

CitiAssist Global International Loan

CitiAssist Graduate Loan

CitiAssist Global Loan for International Students



Frequently Asked Questions:

Who can apply? International students with a U.S. Reference. No U.S. Co-signer is required.

Why do I need a U.S. Reference? In case Citibank is unable to contact student by phone or mail reference would be contacted for updated information.

What is the difference between the Graduate and Global CitiAssist Loans? No U.S. co-signer is required. Terms and conditions.


Interest RatePrime + 2.00%CitiAssist APR is 9.77%. As of 9/01/06 Prime is 8.25%. Interest rate adjusts quarterly.

Loan Fees: None

Annual Limits: Maximum: $40,000 Minimum: None

Aggregate Limits: $150,000 Deferment Eligibility: 4 Years in-school + 6 months grace

Repayment Term: 15 years


Borrower Benefits:0.50% interest rate reduction for 48 on time payments0.25% interest rate reduction for auto debit

Features:Apply for conditional loan approval prior to obtaining immigration documentation. (Documents must be received for final approval)Paypal - payment process for international students

CitiAssist – Graduate Loan (How to Apply)

w4.stern.nyu.edu/finaidClick on Types of “Financial Aid”


Click on Loans


Click on “international student”

CitiAssist Global Loan for International Students (How to Apply)

Click on “CitiAssist Global Loan”


Click on “Download the application and instructions”


Opens a “PDF” file using an Adobe Acrobat Reader.


Next Steps:

- Make a copy of the application for your records.

-Mail Application with letter of admission from NYU and any other requested documentation

CitiAssist Originations DepartmentP.O. Box 6074 Sioux Falls, SD 57117-6074

-or-

Fax Application to: 1-800-723-2777*

*May still be required to provide supporting documentation for final CitiAssist approval.

CitiAssist – Graduate Loan

CitiAssist for Graduate Students


Frequently Asked Questions:

Who can apply? International students with a U.S. or Permanent Resident Co-signer.

Why do I need a U.S. or Permanent Resident Co-signer? CitiAssist Loans are credit based. Uses co-signer U.S. credit history to evaluate loan approval and interest rate.Co-signer agrees to repay the loan in the event the student does not.


Interest RateAs low as Prime minus 1.00%Rate varies from prime minus 1.00% to Prime + 0.50%. Rate based on credit evaluation and/or co-signer presence. Current lowest CitiAssist APR is 7.01%.As of 9/01/06 Prime is 8.25%. Interest rate adjusts quarterly.

Loan Fees: None

Annual Limits: Maximum: Cost of Attendance Minimum: None

Aggregate Limits: $225,000 Deferment Eligibility: 4 Years in-school + 6 months grace

Repayment Term: 15 years with a 20 year repayment option


Borrower Benefits:0.50% interest rate reduction for 48 on time payments0.25% interest rate reduction for auto debit

Features:Apply for conditional loan approval prior to obtaining immigration documentation. (Documents must be received for final approval)Co-signer release option after 48 consecutive on-time payments. MPN – Eases subsequent loan application requestsPaypal - payment process for international students6 month grace period.


Click on “CitiAssist Loan”


Click on CitiAssist Link


User Name and Password


www.studentloan.com Co-signers click here


Next Steps:

- Make a copy of the application for your records.

- Mail Application and any Supporting Documentation

CitiAssist Originations DepartmentP.O. Box 6074 Sioux Falls, SD 57117-6074

-or-Fax Application to: 1-800-723-2777*

*May still be required to provide supporting documentation for final CitiAssist approval.

-


Questions?

Thank you and best of luck!

citiassist loan options for international students new york university stern school of business...

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