1.Harvard
Private Loans are available for domestic and international students.
February 27, 2009 - Harvard Business School is pleased to announce that Harvard MBAstudents will continue to have access to need-based loans, despite thepressures on loan availability for students in the current economicclimate. This is true for U.S. students as well as internationalstudents, who will not be required to find a U.S. co-signer.
2.Wharton
International Students
Ifyou are an international student who is neither a dual U.S. citizen nora U.S. permanent resident, we encourage you to investigate all sourcesof funding within your home country, including government and privatescholarships and loans.
3.Stanford
Loans
TheFinancial Aid Office works with private lenders who provide bothneed-based and non-need-based loans to cover educational expenses.
Loans for International Students
TheStanford University Graduate School of Business has partnered with theStar One Credit Union to provide private educational loans tointernational Business School students. There may be other privateeducational loans for international students. However, many privateeducational loans do not offer the combination of relatively lowinterest rates with the possibility of not requiring a US co-signer forthe loan.
Please Note:In accordance with mandatory federal regulatory guidelines from theUnited States Treasury Department's Office of Foreign Assets Control(OFAC), students from sanctioned countries WILL NOT be eligible toborrow a private student loan through Star One Credit Union. Sanctionedcountries include Western Balkans (Croatia, Bosnia and Herzegovina,Serbia, Montenegro, Kosovo, Albania, FYR of Macedonia), Myanmar, Coted’Ivoire (Ivory Coast), Cuba, DR Congo, Iran, Iraq, Libya, North Korea,Sudan, Syria, and Zimbabwe.
4.MIT-Sloan
Loans
Youracceptance to MIT Sloan is based on a needs-blind admission process.This means that when you are accepted, MIT Student Financial Serviceswill work with you to determine your needs and help you with afinancial aid package. Please visit the MIT Student Financial ServicesWeb page for a list of loans available to MIT Sloan students.
Onceyou are admitted to the MIT Sloan MBA Program, you will receive aGraduate Loan Application and additional information. If you are a U.S.citizen or permanent resident, we recommend that you file the FreeApplication for Federal Student Aid (FAFSA) even before you areaccepted into our program. The FAFSA form is available atwww.fafsa.ed.gov. MIT's FAFSA Title IV school code is 002178.
5.TUCK
Loan Programs
Tuckoffers need-based and non-need-based loan programs for U.S. citizens,permanent U.S. residents, and international students. All students whoqualify for federal loan funds must borrow those funds prior toapplying for a private educational loan.
Tuck International Loan Program
l Maximum loan limit is the cost of attendance less other financial aid, based on a needs analysis by the financial aid office
l Variable interest rate set annually on July 1. Current rate is 9 percent
l Interest accrues on the loan and capitalizes monthly while the student is enrolled in school
l Repayment begins three months after graduation
l Eligibility is based on the student’s overall debt and need
l No origination fee
l Loan term is 10 years.
l No U.S. cosigner required
6.ROSS
Rossinternational students may borrow from private lenders; however, mostof these will require a US citizen or permanent resident co-signer.
Private loans for international students that do not require a co-signer are listed here:
2009-2010 RSB-UMCU International Student Loan Program (writeable PDF) Application deadline for the 2009-2010 academic year: March 19, 2010
Notethat while many private loans require international students to have aU.S. citizen or permanent resident co-signer, the RSB-UMCUInternational Student Loan Program does not require a co-signer. Thisloan may also be used as part of your I-20 proof of fundingdocumentation.
To our knowledge, the RSB-UMCU loan is currentlythe only loan program available to international students that does notrequire a co-signer. If we become aware of similar programs, details and application forms will be posted here.
2010-2011 RSB-UMCU International Student Loan Program
7.MSU
International
Internationalstudents are not eligible to file a FAFSA (Free Application for FederalStudent Aid) and receive federally funded U.S. student loans orneed-based financial aid. With the current U.S. banking industryclimate, domestic loan options for international students are limitedto only those with a credit-worthy U.S. citizen cosigner or U.S.permanent resident cosigner. International students are advised tofirst contact banks in the country of their origin to secure loans.
8.YALE
Loans for International Students
YaleSOM is pleased to announce the details of the Yale InternationalStudent Loan, which is available to all international students at theSchool of Management:
Maximum loan: tuition and fees for the academic year, minus any scholarship awarded (maximum in 2010/11 is $51,000) No co-signer required Fixed interest rate of 7.75% Origination Fee of 5%, subtracted from loan proceeds 10-year repayment period No payments while you are enrolled 6-month grace period following separation from school Interest accrues while you are enrolled and during the 6-month grace period and is added to the principal when repayment begins Interest does not compound while you are enrolled and there is no pre-payment penalty
9.UC BERKELEY
Berkeley Full-Time MBA Loan Program for 2009-2010
Inresponse to the changes in the marketplace and the resulting difficultyof international students to secure educational loans when needed, wehave set aside funding to create a new Berkeley MBA Student LoanProgram for 2009-2010 that will provide no-cosigner loans for US andinternational students in the Full-time MBA Program at Berkeley.Modeled on the Federal Direct Loan, the Berkeley MBA Loan Program willprovide no-cosigner loans of up to $20,000 per year with an interestrate of 6.80% and repayment terms of up to ten years. No interestaccrues while the recipient is in the program, and repayment begins sixmonths after graduation. Though one of the intentions of the loan is toassist in paying tuition and fees, as with other educational loans, thefunds may be used for other educational expenses.
10.Columbia
Internationalstudents are only eligible to be considered for private loans with aU.S. cosigner. Loans without a U.S. cosigner are not available. Mostinternational students rely on family funds, personal savings,government or company sponsorships and/or loans secured in their homecountries.
11.UCLA
Ifyou have a social security number, but do not have a U.S. Citizen orpermanent resident co-borrower or you do not have a social securitynumber and you do not have a U.S. Citizen or permanent residentco-borrower :
Currently,private loans for individuals who do not have a U.S. Citizen orpermanent resident co-borrower are under review. The UC system isactively searching for lending options to fit the needs of ourinternational student population. We will update you as soon as newinformation becomes available on the MBA Insider's Blog --stay tuned!
12.Chicago
Financing
ChicagoBooth provides financing opportunities for all students regardless oftheir citizenship, with or without a co-signer. More informationregarding the program will be made available to students via theadmitted student's website upon admission to the program.
There are also several scholarships & fellowships available to international students. Read more about scholarships and fellowships. |