Loan Options FINANCING YOUR MBADownload Info There are a variety of student loans available to graduate students. By utilizing a combination loans, most students eligible to receive federal student aid will see an initial award offer up to your cost of attendance in the following loans:
Federal Stafford Unsubsidized LoanThe Federal Stafford Unsubsidized Loan is not based on need. The maximum amount offered in this loan is $20,500 per academic year. Interest accrues immediately upon disbursement at an interest rate of 6.8%. You have the option of making interest payments on a bi-annual basis but the payments are not required. If interest is not paid, it will capitalize. Repayment begins on this loan six months after graduation or reduced enrollment below half time. Federal Graduate PLUS LoanThe Federal Graduate PLUS Loan is not based on need and does require a credit check. The maximum amount offered in this loan is up to your Cost of Attendance minus other aid received. Interest does accrue immediately on this loan at an interest rate of 7.9%. You do have the option of making interest payments on a bi-annual basis but the payments are not required. If interest is not paid, it will capitalize. Repayment begins on this loan six months after graduation or reduced enrollment below half time. Private Education LoanThe Private Education loan would be obtained from a lender other than direct loans. Interest rates and repayment vary per lender. If you are ineligible for Federal Student Aid or you are interested in a Private Education loan, you will need to conduct your own research. You can review a comprehensive list of lenders at Student Lending Analytics |
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