Alternative Loan Details
You may use any educational loan available from banks in the United States who accept a U.S. citizen as a co-signer for international students enrolled at colleges in the United States.
The most popular Alternative Loan used by international students attending Maharishi University of Management is the CitiAssist loan by CitiBank.
What are the co-signer requirements for a CitiAssist loan?
- Satisfactory credit history with at least 12 months charging/repaying
- No bankruptcies, liens, judgements, charge-offs, excessive delinquencies
- Verifiable income of at least $18,000 per year
- Debt-to-credit ratio less than 45%
- co-signer must be a U.S. Citizen
How do I apply for a CitiAssist Loan?
- Go to www.citiassist.com
- Click on "Apply Now"
- Select "IA" for the state the school is located in
- Type "Maha" for the school's name
- Select "graduate" or "undergraduate"
- Follow the instructions.
- Call CitiAssist at 800-967-2400 for application questions
Does the application require a U.S. address?
Yes. Use the address of your U.S. Citizen co-signer.
How long does it take for the loan to be finalized?
You will receive a response as soon as you have supplied all the application requirements. The University will usually receive the loan funds within 1-2 weeks of the finalized loan.
What other types of alternative loans are available?
You may use any educational loan available for international students attending colleges in the United States. Co-signer encouraged: with the help of a qualified co-signer, you will get a better rate.
Sample $6,000 Loan with 15-year repayment after one year in school
| Credit | Interest Rate | Fee | Loan | Repayment | Payments | |
|---|---|---|---|---|---|---|
| CitiAssist Loan: CitiBank | Excellent | prime+1% | no fee | $6,000 | $9,203 | $54/171 months |
| CitiAssist Loan: CitiBank | Fair | prime+7.5% | 6% | $6,000 | $14,914 | $89/168 months |
| Collegiate Loan: Wells Fargo | Excellent | prime+1% | no fee | $6,000 | $8,535 | $81/169 months |
| Collegiate Loan: Wells Fargo | Fair | prime+7.99% | no fee | $6,000 | $12,429 | $76/164 months |
| No Fee: US Bank | Excellent | prime+2.95% | no fee | $6,000 | $10,514 | $62/170 months |
| No Fee: US Bank | Good | prime+4.95% | no fee | $6,000 | $11,965 | $71/169 months |
Sample $25,000 Loan with 15-year repayment after one year in school
| Credit | Interest Rate | Fee | Loan | Repayment | Payments | |
|---|---|---|---|---|---|---|
| CitiAssist Loan: CitiBank | Excellent | prime+1% | no fee | $25,000 | $36,175 | $211 |
| CitiAssist Loan: CitiBank | Fair | prime+7.5% | no fee | $25,000 | $51,922 | $308 |
| Collegiate Loan: Wells Fargo | Excellent | prime+1% | no fee | $25,000 | $35,563 | $211 |
| Collegiate Loan: Wells Fargo | Fair | prime+7.99% | no fee | $25,000 | $51,789 | $316 |
| No Fee: US Bank | Excellent | prime+2.95% | 4% | $25,000 | $43,807 | $257 |
| No Fee: US Bank | Good | prime+4.95% | 8% | $25,000 | $49,855 | $295 |
- Interest rates are variable; chart is for comparison purpose only, based on data as of December 2008
- Repayment amounts assume borrower will take advantage of any available reductions such as auto-debit interest reduction
- You may use any lender and any loan. These lenders are merely those who actively send representatvies to visit our campus