Federal
Perkins Loan (formerly NDSL)
- For Full Time
MBA students only
- Long-term low
interest (five percent), highly competitive loan
- Repayment begins
nine months after graduation or withdrawal from program
- Administered
by the University
- No additional
application necessary
- Promissory note
generated by the University for students to endorse
- Funds credited
to student's account in August and January
|
Federal
Stafford Loans (Subsidized and Unsubsidized)
- Students must
be citizen or national of US or permanent resident
- Long-term, low
interest student loans
- Annual Maximum:
Subsidized: $8,500
Unsubsidized: $18,500 minus amount of any subsidized loan
- Interest rates
are variable, adjusted annually, and based on the last auction
rate prior to June 1 of the 13 week US Treasury Bill
- For Subsidized
loans, the interest accrued while borrower is in school
is paid by federal government
- For Unsubsidized
loans, payment of all interest (starting while in-school)
is the responsibility of the borrower. However, borrower
may defer in-school interest payments until six months after
graduation.
- Repayment period
begins six months after:
graduation, or
when a borrower's student status changes to less than half-time
(18 units per semester)
- Loans are disbursed
evenly over academic semesters
- See our Resources
Page for links
|
Private
Alternative Loans
- All students,
regardless of state of residency, are eligible to apply
- Loans are not
based on financial need
- Co-signer is
optional
- Student is responsible
for principal and interest during in-school period
- Maximum amount
available per academic year is up to the cost of education
minus other aid
- Applications
and additional information is available in the Financial
Aid Office.
- See our Resources
Page for links
NOTE: Students may submit Stafford and private loan applications
to the lender of their choice up until 30 days prior to the last day
of class for the academic year (April 10).
Loan
Processing Form
Entrance
Interview
|
|