Financial Aid

International Loans

Risk-Share Loans

Haas has secured multiple loan options for international students that do not require a co-signer (“risk-share” loans). Risk-share lenders were selected based on their ability to make loans at reasonable rates for a population of students ineligible for Federal Loans and who did not have access to a U.S. Co-signer or an SSN, and based on the ability of the school to share in the risk and make these options possible.

The combined borrowing capacity for the risk-share loan options below is $62,000 for the 2016-17 academic year ($50,000 for the 2015-16 academic year). Borrowing limits on the risk-share loans for international students are revisited every year. Students may not combine risk-share lending with other lending options.

Please note, students are not responsible for making loan payments on risk-share loans while enrolled in at least 6 units or during the grace period. The grace period commences after graduation, or after dropping below 6 units. Borrowers of these risk-share loans are expected to maintain a cumulative 3.0 GPA to be eligible for loan disbursement.

MBA/MPH students: your borrowing capacity is only half the maximum in your final fifth semester.

Continuing students: If you will be on exchange in fall, you must complete any required loan documents before leaving for the summer because documents must be completed in person.

The Cost of Attendance will guide the total amount of loan you are able to borrow from any source. Limits may be impacted by other sources of funding including but not limited to scholarships/ fellowships, sponsorships and private loans certified through our office.

Loan maximums will be the lowest of either

  • the total cost of attendance minus other expected financial aid


  • the loan maximum for the loan program

Risk-Share Lenders for Haas Students

2016-2017 Elements Financial

  • Maximum: $31,000 per term
  • 3% Fee, added to the principal
  • Prime + 3.5% interest rate (7% as of June 2016)
  • 6 month Grace Period
  • 20 year repayment options, No pre-payment penalties
  • Visa documentation is required. Our office will facilitate this process.
  • 0.25% interest rate reduction for auto-debit payments when in repayment period

To apply for funds, go to the Eli Lilly FCU Custom Loan Program website for Haas Students and click on "Apply Now/Draw Request".

2016-2017 Discover Custom Graduate Loan

  • Maximum: $31,000 per term
  • Zero Fees
  • 3-month LIBOR + 6.99% interest rate (starting rate currently 7.99% APR as of January 1, 2017)
  • 9 month Grace Period
  • 20 year repayment, No pre-payment penalties
  • Visa documentation is required. Coordinate with Discover Student Loans.
  • 0.25% interest rate reduction for auto-debit payments when in repayment period
  • A negative credit history could affect approval

To apply for funds, go to the Discover Student Loan website for Haas Full-Time MBA Students. If you need assistance during the loan process, please call their dedicated Custom Graduate Loan customer service number at 1-800-973-5145 as opposed to the generic number appearing on their website.

If you have or obtain an SSN while in the MBA program, be sure to update the lender for smoother servicing after you graduate!

Other lenders

In addition to risk-share loans, other lenders such as Prodigy Finance offer loans to international students without the need for a co-signer. These lenders will have varying qualifications (e.g., credit check), loan terms and loan maximums. Students are encouraged to carefully explore all loan options available to them.

The Haas Financial Aid Office does not receive, and will not accept, inducements from lenders in exchange for inclusion on the International Loans information page, nor does the Haas School of Business share in the profits from student loans.