MBA Finances
Supplemental Loan Options for Haas MBA Students
The University of California Office of the President (UCOP), in coordination with the ten UC campuses, has developed a preferred lender list and comparison chart of some private loan options. This lender list was developed through a competitive RFI process and finalized June 6, 2011 for the 2011-2012 academic year. You can choose to borrow from the list below or from another reputable lender. Please refer to our Loan Payment Resources page for last years top lenders among Haas students.
Important Notes:
- Students need to be enrolled at least half-time (6 units) each semester that you wish to receive loans.
- Our school code, if requested during your loan application, is 001312-75, UC Berkeley-Haas Business School.
- Loans are generally disbursed in two payments, 50% each semester.
- New laws will require borrowers to complete a self-certification form with information listed below before receiving loan funds. Your lender should provide this form to you during the application process. Attached is a sample of that form Private Education Loan
Applicant Self-Certification
- The loan period dates: 8/18/2011-5/11/2012
- The cost of attendance: for non-residents is $77,054 and for residents is $70,074
- Financial Assistance includes any scholarships you have as well as any Federal Loans you have accepted on MyFinAid
- International students will need a US co-signer in most cases
The Haas School's Office of Financial Aid does not receive, and will not accept, inducements from lenders in exchange for inclusion in the Preferred Lender List, nor does the Haas School share in the profits from student loans in partnership with other lenders.
Loan proceeds will credit
your CARS account and pay any outstanding charges. If
a balance remains, the refund will be sent to your personal bank account
if you have signed up EFT (Electronic Funds Transfer) http://eftstudent.berkeley.edu
U.S. Citizen & Permanent Resident Options:
Students who are U.S. Citizens or Permanent Residents can borrow up to $20,500 through the Subsidized/Unsubsidized Direct Loan program each academic year. However, students often borrow additional funds through a supplemental loan--either the Federal Direct Grad PLUS Loan or a private loan.
While it is recommended that students utilize the federal loan programs first, we understand that based on individual circumstances a private loan may be more appealing to some students. The Haas Schools' Office of Financial Aid encourages students to compare the benefits associated with the different loan types--and in the case of private loans, benefits offered by different lenders--so that each student is able to make an informed choice. For information on the Grad PLUS Loan, please refer back to the Federal Loan section of this website.
