Haas School of Business

Executive MBA Financial Aid

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 2013-2014
Term of Enrollment Summer 2014
Bill Due Date June 15, 2014
Estimated Borrowing Capacity / COA $40,491
Amount of Loan Disbursed $40,491

Loan Application Year 2014-2015
Term of Enrollment Fall 2014 Spring 2015 Summer 2015
Bill Due Date August 15, 2014 January 15, 2015 June 15, 2015
Estimated Borrowing Capacity / COA $124,240
Amount of Loan Disbursed $41,880 $41,880 $40,480

Loan Application Year 2015-2016
Term of Enrollment Fall 2015
Bill Due Date August 15, 2015
Estimated Borrowing Capacity / COA $41,930
Amount of Loan Disbursed $41,930

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, $36,186 private loan
Second Academic Year: $12,000 Fellowship, $111,076 private loan
Third Academic Year: $4,000 Fellowship, $37,592 private loan

You would need to apply for loans three times, once for each academic year. Please note Federal Loans will have up to 4.288% 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.

Below are the bill due dates and Estimated Borrowing Capacity/COA for those that entered May 2013

Loan Application Year 2012-2013
Term of Enrollment Summer 2013
Bill Due Date June 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 June 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.