Haas School of Business

Full-time MBA Financial Aid

International Loans

In addition to scholarship opportunities (gift aid that does not need to be repaid), or private loans with a co-signer, Haas has secured multiple loan options for international students that do not require a co-signer. 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.

Please note the combined borrowing capacity for the Discover Custom Graduate Loan and the Eli Lilly LOC is $45,000 for the 2014-15 academic year. Though borrowing limits on the “risk-share” loans for international students are revisited every year, we expect the borrowing limit for your class to remain at $45,000 per year. Please also note, students are not responsible for making payments while enrolled in at least 6 units or during the grace period which commences after graduation, or after dropping below 6 units. Please also note for MBA/MPH students, your borrowing capacity is only half the maximum in your final fifth semester. Please also note, borrowers of these risk-share loans are expected to maintain a cumulative 3.0 GPA to be eligible for loan disbursement.

2014-2015 Eli Lilly FCU Custom Loan Program

  • Maximum: $45,000
  • 3% Fee, added to the principal
  • Prime + 4.0% interest rate (7.25% as of June 1, 2014)
  • 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".

2014-2015 Discover Custom Graduate Loan

  • Maximum: $45,000
  • Zero Fees
  • 3-month LIBOR + 6.99% interest rate (starting rate currently 7.24% APR as of October 1, 2014)
  • 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.

 

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.