CAMBRIDGE, Mass. – Harvard University Employees FCU announced a deal yesterday to provide loans to international graduate and professional students at Harvard University.
The agreement expands the pool of available funds and does not require a co-signer to the loans. The credit union, which recently expanded to serve students, will also offer private loans to domestic students enrolled in graduate and professional programs at Harvard.
"We are pleased to be able to offer assistance to Harvard students from abroad," said Eugene Foley, president the credit union, in a statement. "We also welcome the opportunity to begin providing loans to the broader population of graduate and professional students who study at Harvard."
This is the second time in two months that the University has secured a new source of funding after major lenders withdrew from the market for international student loans late last year. The University signed an agreement with JPMorgan Chase in February to provide its approximately 3,300 international graduate and professional students access to private education loans without requiring a co-signer.
