Executive MBA Financial Aid

Private Loans

Preferred Lender List
As of June 2014, in coordination with the UCOP, we have compiled a comprehensive Preferred Lender List (PLL) with fixed rate options, variable rate options, and interest payment (while in school) options. The selection process considered the needs of our students in the categories of pricing, service, and technology. Below is the list provided by the UC Office of the President.


Important Notes

  • Students need to be enrolled at least half-time (6 units) each term that you wish to receive loans.
  • Our school code, if requested on your loan application, is 001312-75, UC Berkeley-Haas Business School.
  • New laws will require borrowers to complete a self-certification form with information listed below before receiving loan funds. Your lender should provide this form to you during the application process. Attached is a sample of that form Private Education Loan Applicant Self-Certification
    • The loan period dates for class of December 2015 (entering Summer 2014)
      • Fisrt academic year: 5/16/2014 - 8/15/2014
      • Second academic year: 8/21/2014 - 8/14/2015
      • Third academic year: 8/15/2015 - 12/20/2015
    • The loan period dates for class of December 2014 (entering Summer 2013)
      • First academic year: 5/15/2013 - 8/10/2013
      • Second academic year: 9/5/2013 - 8/9/2014
      • Third academic year: 9/4/2014 - 12/6/2014
    • Financial Assistance includes any scholarships you have as well as any Federal Loans you have accepted on MyFinAid
    • International students will need a US co-signer in most cases

Loan proceeds will credit your CARS account and pay any outstanding charges. If a balance remains, the refund will be sent to your personal bank account if you have signed up EFT (Electronic Funds Transfer).


The Department of Education (ED) encourages all eligible students to consider Federal Loans first. Conversely, no matter what entity lends the funds, students should review the terms in detail. The Haas Financial Aid Office is available to provide further information in-person, by phone, via email and through alternate media such as podcasts and chats.

The Haas Financial Aid Office does not receive, and will not accept, inducements from lenders in exchange for inclusion in the Preferred Lender List, nor does the Haas School share in the profits from student loans. For more details feel free to read The University of California Code of Conduct in Regard to Preferred Lender Arrangements.

You can choose to borrow from the list above or from another reputable lender.

Disclosures mandated by California law SB 1289
This information was adapted form the UCOP language developed for SB 1289. Students considering student loans need to be aware of the differences between federal student loans and private student loans. This information is communicated to all students attending Orientation:

  • Federal student loans are required by law to provide a range of flexible repayment options including, but not limited to, income-based and income-contingent repayment plans, as well as loan forgiveness benefits that private lenders are not required to provide.
  • Federal Direct Loans are available to most students regardless of income. Other qualification criteria do apply.
  • Federal Direct Loans have fees taken before disbursement. The net amount disbursed will be less than what you will owe.
  • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions. Some now offer fixed rate options. 
  • Private student loan interest rates may depend on the borrower’s and/or co-signer’s credit rating. Rates on a Federal Loan cannot be adjusted based on the strength of the borrower’s and/or co-signer’s credit rating.
  • Private student loans have a range of interest rates and fees and students should determine the interest rate and any fees before accepting the loan. Students should contact the lender the Haas Financial Aid Office with any questions about a private student loan.

Some UC campuses offer students their own private (institutional) student loans. Students offered a UC institutional private student loan should know that:

  • Interest rates on UC loans will be fixed, not variable
  • UC loans can have a range of interest rates
  • UC loans are not awarded based on the credit history of the borrower
  • UC loans do not require a co-signer.


International Student Loans

The Haas Financial Aid Office has secured new loan options beginning spring 2015 for the Executive MBA international students who do not have access to a U.S. Co-singer. These are loans which offer the best combination of benefits to this student population considering eligibility requirements, interest rates, customer service, and credit-worthiness. Students can choose to borrow from one lender or the other.

Prodigy Finance

The Haas School of Business has built a relationship with the Prodigy Finance International Loan Programme to provide loans to Executive MBA students who are neither U.S. Citizens nor U.S. Permanent Residents. Below are some basic terms.

  • Borrowing Limit: the cost of assessed Fees (minus any Haas Scholarship)
  • Loan Fees: 3.5% of principal or $400, paid partially or all upfront
  • Interest rate: 3-month LIBOR + 5.5% to 9.5%
  • Credit Review: Required, possibly with home country credit bureaus
  • No grace period, interest and principal payments due while in school
  • 10 year repayment, No pre-payment penalties
  • Apply online at the following Prodigy website

Elements Financial Custom Graduate Loan

The Haas School of Business has a relationship with Elements Financial (formerly Eli Lilly) to provide loans to graduate students who are neither U.S. Citizens nor U.S. Permanent Residents. This loan is being expanded to include our Executive MBA students. Below are some basic terms.

  • Borrowing Limit: $20,000 per term*
  • Loan Fees: 3% of principal, capitalized
  • Interest rate: Prime + 4.0%
  • Credit Review: None required
  • 6 month Grace Period (before entering repayment)
  • 20 year repayment, No pre-payment penalties
  • 0.25% interest rate reduction for auto-debit payments in repayment
  • Apply online at the following Elements Financial website

*There are limits on retroactive borrowing. In effect, you cannot borrow for terms already past but for current and future terms. Please contact our office for details.