Loan Options
Loans are always a second option after pursuing scholarship opportunities. The subpages of this section provide details on Federal Loan options and private loan options.
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.
A Note on Disbursements
The Executive MBA program crosses three academic years. Each academic year requires its own Loan Application. Loans that have more than one disbursement in an academic year will be disbursed in equal portions. Each academic year has an estimated borrowing capacity. The loan taken out in the second academic year will be the only academic year that breaks up your loan into 3 equal disbursements but has a higher borrowing capacity. Please note that the third academic year's borrowing capacity is subject to change. Standard disbursements, and percentages of amounts borrowed, will be as follows:
| Loan Application Year | 2012-2013 |
| Term of Enrollment | Summer 2013 |
| Bill Due Date | May 15, 2013 |
| Estimated Borrowing Capacity / COA | $38,214 |
| Amount of Loan Disbursed | $38,214 |
| Loan Application Year | 2013-2014 | ||
| Term of Enrollment | Fall 2013 | Spring 2014 | Summer 2014 |
| Bill Due Date | August 15, 2013 | January 15, 2014 | May 15, 2014 |
| Estimated Borrowing Capacity / COA | $120,315 | ||
| Amount of Loan Disbursed | $40,105 | $40,105 | $40,105 |
| Loan Application Year | 2014-2015 |
| Term of Enrollment | Fall 2014 |
| Bill Due Date | August 15, 2014 |
| Estimated Borrowing Capacity / COA | $39,371 |
| Amount of Loan Disbursed | $39,371 |
Here is an extreme example to clarify how this will work. Say you are awarded a $20,000 Executive MBA Fellowship, you waive Health Insurance each academic year, and you borrow the maximum each academic year in a private loan, this is what your financial aid will look like:
First Academic Year: $4,000 Fellowship, $34,214 private loan
Second Academic Year: $12,000 Fellowship, $108,315 private loan
Third Academic Year: $4,000 Fellowship, $35,371 private loan
You would need to apply for loans three times, once for each academic year. Please note Federal Loans will have up to 4% in fees taken at disbursement.
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.