Haas School of Business

Full-time MBA Financial Aid

Loan Repayment Options

Below is important information about loan payment for the various loan options available to students in the past five years.


Loans provided to students ineligible for Federal Loans

Eli Lilly Line of Credit (LOC) for International Students

  • This loan is serviced by UAS. Their phone number is 1-800-723-2210.
  • In order to receive email reminders, set up ACH auto-debit payments, or update your address information, you need to register on their website. This is highly recommended. You will need the following information.
    • Your Social Security Number (SSN). UAS may not have a real SSN for you on record. If that is the case, they would have created a "Borrower ID". We can assist in identifying that Borrower ID number for you.
    • The zip code from the address listed on your original loan application. Leave blank if it was international.

ALPS Loan for International Students 2010-2011

  • This loan is serviced by First Associates. Their phone number is 1-877-484-3515
  • In order to receive email reminders, set up ACH auto-debit payments, or update your address information, you need to register on their website. This is highly recommended. You will need the following information.
    • Your Social Security Number (SSN). First Associates may not have a real SSN for you on record. If that is the case, they would have created a "Borrower ID". We can assist in identifying that Borrower ID number for you.

Haas MBA Loan for International Students 2009-2010

  • This loan is serviced by Affiliated Computing Services (ACS). Their phone number is 1-866-575-4517.
  • In order to receive email reminders, set up ACH auto-debit payments, or update your address information, you need to register on their website. You will need the following information.
    • Your Social Security Number (SSN). ACS may not have a real SSN for you on record. If that is the case, they would have created a "dummy SSN". The SSN format in such cases is 999 plus the last six digits of your SID#. For example, for SID# 12345678 the SSN is 999-34-5678.
    • Your date of birth
    • The zip code listed on your FTMBA loan application

DK Kim Loan and Haas Revolving Grant for International Students

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

Recipients are expected to repay their award over a 5-year repayment schedule to the loan servicer ACS, beginning six months after graduation. These loans are serviced by Affiliated Computing Services (ACS).

If you have questions about repayment, pre-payment, forbearance etc. you can email the Haas Financial Aid Office at finaid@haas.berkeley.edu

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

For the DK Kim Loan 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.



Federal Loan Repayment Information

If you have Federal Loans such as the Direct Loan or Graduate PLUS Loan, this section provides relevant links.

  • National Student Loan Data System (NSLDS) This site provides a summary of all Federal Loans you have ever borrowed. It shows accrued interest to date and will display the servicer for these loans. Contact the servicer with any payment questions.
  • Federal Loan Exit Counseling for Federal Loans This site provides pertinent information about repyament options, forbearance, and general rights and responsibilities.
  • Student Loan Ombudsman If you are having a particular issue regarding loan servicing you may contact the ombudsman for impartial third-party guidance.
  • Public Service Loan Forgiveness (PSLF) is offered by the Federal government. Information is provided about qualifying jobs, which loans are covered, and how to earn such forgiveness. After ten years working full-time in qualifying employment, you may be eligible for this Federal loan forgiveness.

 

Private Loan Repayment Information

Here are a few tips to consider with private loan repayment:

  • Check to see whether the lender services their own loans or utilizes a third party servicer. You don't want to be labeled delinquent on a credit report because you accidently threw away correspondence from your new loan servicer.
  • Be sure your lender and servicer have your updated contact information including phone, email, and mailing address.
  • Be sure to inquire about interest rate reductions for ACH payments. This also ensures your loan stays in good standing, adding to your credit worthiness.
  • If you do not know who your current lender is, you can refer to the loan indebtedness summary provided to those who attended our Loan Repayment Workshop, refer to previous correspondence, check your credit report, or email us for assistance.

 

 

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