Alternative Loan
- No payment during your first six months on campus
- Pay off the loan in 24 monthly payments from your U.S. practical training earnings
Alternative Loan for Entire Program Costs
100% financial aid plus $1,000 tuition reduction
If you have a co-signer who is a US citizen or permanent resident with a good credit rating, you may qualify for an Alternative Loan. If you pay your entire program cost of $24,325 upon arrival, you will receive a $1,000 tuition reduction. See the Alternative Loan Details for full information.
Alternative Loan for $6,500 upon Arrival
If you have a co-signer who is a US citizen or permanent resident and qualifies for an Alternative Loan, you may borrow $6,500 for the initial payment needed upon arrival. You will be eligible to use the Accounting Professionals (AP) Loan for the remaining program costs after you are placed in a practical training job. See the Alternative Loan Details for full information.
IMPORTANT:
- The co-signer must have an acceptable credit record in the U.S., and accept responsibility for the loan in event of default. In many cases, the loan co-signer will be the same person as the sponsor, but it’s acceptable to be a different person.
- When applying for your student visa, you are not permitted to use the Alternative Loan (even if it is approved in advance) as the evidence that you or your sponsor can pay US $6,500 upon your arrival at the University. You must provide evidence (as described in the first point above) that either you or a sponsor is able to pay this amount.
- You can apply for the Alternative Loan before you come to the USA. If the loan is approved and the funds arrive at the University before you arrive, you can use the loan (instead of the sponsor’s funds) to cover the amount of US $6,500 you need upon your arrival at the University.
- Citibank requires a personal reference other than the co-signer during the application procedure, so be ready to provide a name, address, and phone number of a reference when applying. The reference does not need to provide any financial support or guarantees.
Note: Tuition, fees, and other financial policies are subject to change prior to the entry date.