Evening & Weekend MBA Finances
International Students
Private Loan Options
Effective October 2, 2008, the only loan programs from U.S. financial institutions available to International students at Haas require the student to apply with a credit-worthy U.S. citizen or permanent resident co-signer. For additional information on the three of the co-signed loan programs, including application instructions, please refer to our Students with a Co-signer comparison chart. The three options for international students are Sallie Mae, Chase, and Citibank.
While there may be other loan programs available that do not appear on the comparison chart, these are the only three loan programs that we are aware of that will lend to international students at Haas -- and all require a co-signer for international students. Due to the difficulty in finding a U.S. co-signer, and the potential cost of interest charges, it is strongly recommended that international students exhaust all other sources of funding prior to utilizing a private loan.
The Haas School is aware that other schools might have loans available with lower interest rates; we cannot speak to their programs, only the ones that we have been able to secure.
The Haas School's Office of Financial Aid does not receive, and will not accept, inducements from lenders in exchange for inclusion in the private loan comparison chart; nor does the Haas School share in the profits from student loans.
Loans are always disbursed in two payments, 50% each semester, after you are enrolled for classes. Loan proceeds will credit your CARS account and pay any outstanding charges. If a balance remains, the refund will be sent to your bank account IF you have completed an EFT (Electronic Funds Transfer) Agreement, http://eftstudent.berkeley.edu
