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. Please note the combined borrowing capacity for the Discover Custom Graduate Loan and the Eli Lilly LOC is $45,000 for the 2013-14 academic 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.

2013-2014 Discover Custom Graduate Loan

  • Maximum: $45,000
  • Zero Fees
  • Prime + 4.0% interest rate
  • 9 month Grace Period
  • 20 year repayment, No pre-payment penalties
  • Visa documentation is required. Coordinate with Discover Bank.
  • 0.25% interest rate reduction for auto-debit payments when in repayment period
  • 2.0% outstanding balance cash reward upon graduation, must notify lender
  • A negative credit history could affect approval

To apply for funds, go to the Discover Loan website for Haas Full-time MBA Students.

2013-2014 Eli Lilly Risk-share Line of Credit

  • Maximum: $45,000
  • 3% Fee, added to the principal
  • Prime + 5.50% interest rate
  • 6 month Grace Period
  • 20-25 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 LOC website for Haas Students and click on "Apply Now/Draw Request".

Continuing students If you will be on exchange in fall 2013, you must complete any required loan documents before leaving for the summer because documents must be completed in person.

 

D.K. Kim Interest-free Institutional Loan

Thanks to the generosity of the D.K. Kim Foundation, additional financial support in the form of an interest-free loan is available for current full-time MBA students who are not able to participate in the U.S. Federal Loan programs. Funding levels will vary depending on the number of applicants. Only those full-time MBA students preparing to enter their second year of study at Haas are eligible to apply.

  • Maximum: $10,000
  • Zero Fees
  • Zero interest!
  • 6 month Grace Period after graduating before payments are required
  • 5 year repayment options, No pre-payment penalties

The deadline to apply is April 19, 2013. Applications are accepted via the Haas Online Scholarship Application.

Recipients will be expected to repay their award over a 5-year repayment schedule to the loan servicer ACS, beginning six months after graduation. The repaid funds go on to provide support to future Haas students.

There is a community service requirement of 100 hours in lieu of any interest, which can include any documented volunteer work during your first year at Haas as well as volunteer work in your second year. The community service work used to meet the requirement cannot be the same work used to receive academic credit nor be work for which you were paid. Examples of community service where past borrowers have volunteered include the following: