Loans are always a second option after pursuing scholarship opportunities. The subpages of this section provide details on Federal Loan options, private loan options, and other types of educational loan borrowing, particularly for international students who find themselves with limited options while studying in another country.
Effective October 2, 2008, the only loan programs from U.S. financial institutions available to International students almost exclusively require a credit-worthy U.S. Citizen or Permanent Resident co-signer.The Haas School of Business has provided borrowing options for international students each year despite changes in the marketplace.
A Note on Disbursements
The MFE program crosses two academic years and each academic year has 2 terms. Your first academic year will have one loan disbursement that is to cover Spring and Summer 2013. Your full loan amount will disburse but your Summer Bill will not be due until May 15, 2013 so you will need to hold on to the Summer portion if you need those funds to pay your bill. For Fall 2013 and Winter 2014 each term will have its own Loan Application that is disbursed evenly between the two terms. Standard disbursement dates will be as follows:
|Loan Application Year||
|Term of Enrollment||Spring 2013||Summer 2013||Fall 2013||Winter 2014|
Bill Due Date
|December 15, 2012||May 15, 2013||August 15, 2013||January 15, 2014|
|Expected Loan Disbursement Date||
March 25, 2013
|August 5, 2013||January 5, 2014|
Loan disbursements will credit to your CARS account and pay any outstanding charges. If a balance remains, a refund will be sent to your bank account if you have signed up for EFT (Electronic Funds Transfer).
The Haas Financial Aid Office does not receive, and will not accept, inducements from lenders or the government in exchange for inclusion on a private loan comparison chart or in exchange for promoting their loans on our website; nor does the Haas School share in the profits from lenders on our preferred lender list.