UM: Loans

Bloomberg News reports that Citigroup Inc. is canceling loan programs to international students at UM, MIT and Harvard – a result of the global financial crisis. “MIT and Michigan have learned of Citigroup’s intention to end some offerings in November before students begin borrowing for the 2009-2010 school year, and a similar program at Harvard already has ended, officials at the schools said in interviews. As many as 1,000 foreign students may be affected at the three schools combined.” [Source]