Dear students,

We are delighted finally to be writing to you with good news on loans for international students.  After Citibank cancelled its program last October, we’ve been in discussions with many financial services firms to create a loan program for international students who do not have US co-signers.  We are pleased to announce the launch of a custom loan program with Digital Federal Credit Union that will cover tuition and living expenses for our international students.  The loan terms are attractive in the current market environment: an interest rate of Prime plus 3% (with the opportunity to reduce the interest rate by 25bp if borrowers arrange for automatic repayments) and no origination fee.  In order to provide these rates, Wharton will share some of the potential default risk.   

This program will also be available to current first-year international students for their second year of study. 

With respect to loan programs for domestic students (and those with US co-signers), the University’s Student Financial Services (SFS) Office is in the process of reviewing several proposals and will have a list of approved lenders for both federal and private loan programs within the next few weeks.

This matter has engaged Wharton and Penn administrators at the highest levels, including Penn’s Board of Trustees; we are grateful for their support of this program.

Our Financial Aid office will soon announce more details of this program.

Sincerely,

Thomas S. Robertson, Dean

 正在图书馆准备晚上的宏观经济学考试的时候收到Anjani的信，顿时感觉外面下

起了及时雨。
然后深深感受到，宏经的准确。如果老百姓感觉自己未来的可支配收入会增加，那么

current consumption也会增加。我开始YY拿那笔巨款去哪里哪里挥霍。

I am very impressed by what Wharton has done. The interest rate has

been the lowest, compared with others offered by peer schools.

在us失业率达到50年来顶峰且毫无下降趋势并且失业人员开始大肆枪杀无辜民众及警察之时

请问民众何以预期未来收入增加？