Financing MBA: School credit w/o cosigners

Wow! any specific reasons other than the apparent myth of the next superpowers arising out of BRIC ?

All said and done ( maybe there is even a little dust of truth to that myth), I believe that 2-5 years of work experience in developed markets combined with 2 -5 years of working in BRIC markets is a powerful and potent force on the resume and network.

Vorski said that from the Loans perspective

some minor contribution:
- IMD in Switzerland offers a loan without a co-signer or a combination of such a loan and a scholarship to cover the most of the tuition fee (up to 65,000 francs out of 85,000).
https://www.imd.org/programs/mba/fees/IMD-MBA-Loans.cfm

- IESE in Barcelona offers the same scheme - any int. student may borrow up to 80% of the tuition fee that is 55.700 Euro out of 70.700 Euro. You are also eligible for scholarships but also only to cover tuition costs.
https://www.iese.edu/en/MBAPrograms/prog ... l_loan.asp

- IE in Madrid may offer a loan up to 30.000 Euro that is roughly half of the tuition fee. Another half you may cover with a scholarship, if you get one, of course.

In all the cases above the living costs are to be covered by students themselves. Of course, such expenses vary depending on the location and the duration of the program. E.g. IMD and IE programs are 11 and 13 months respectively, while IESE program is 20 months long. At the same time, I believe live in Switzerland is much more expensive than in Barcelona or Madrid.

I guess, this could be added to the excel chart with relevant notes.

very useful file. Thanks.
Also Yale provides a loan w/o co-signer.
Wharton did until this year but is changing its lender.
you might want to update that info.

very useful file. Thanks.
Also Yale provides a loan w/o co-signer.
Wharton did until this year but is changing its lender.
you might want to update that info.

Wharton does not offer loans without a co-signor.

From the Wharton admissions site - "At this time, Wharton is unable to provide a loan product for our international students without requiring a U.S. citizen or permanent resident co-signer. If you are an International student who is neither a dual U.S. citizen nor a U.S. permanent resident, we encourage you to investigate all sources of funding within your home country, including government and private scholarships and loans, so that you are aware of alternative financing solutions."

I am actually confused by the replies I got by Kellog and MIT. Both were sort of non-committal and asked me to check the website.

Looking through this post, I now know that MIT does offer a no-cosigner option. On the website, they still ask you to check for private lenders instead of giving details about their own loan program.

Kellog's website is equally frustrating. It seems that they do offer no-cosigner option but only to few students. Is my observation correct?

Hi all,

Just an update on some of these schools. In particular, the spreadsheet suggests that Columbia does not have an international student loan programme. It now does-- with Prodigy Finance (the same funder serving INSEAD and Oxford Said students).

As a member of Prodigy's marketing team, I can report that our loans do not require any collateral/guarantee/co-signers. We also fund top business schools not on the Excel spreadsheet--such as Cambridge Judge and London Business School. Loan programme specifics differ by business school, so check our website for the relevant max loan sizes, representative APRs (interest rates), etc.

How does Prodigy Finance work?:
Prodigy Finance offers international students like you a new way to finance your MBA. We work closely with the university to design loan programmes tailored to what international students need. The loans are funded by a community of alumni investors, who were once in your shoes themselves, and by other investors who wish to support higher education.

Why choose Prodigy?
- 150 nationalities covered
- Competitive interest rates
- No collateral, guarantees, or co-signers required
- Easy online process
- No repayments while you study
- Excellent customer service

What business schools are covered?
Currently, we have programmes at Cambridge Judge Business School, Cass Business School, Columbia Business School, Cranfield School of Management, ESMT, INSEAD, London Business School, Manchester Business School, Oxford Saïd Business School, and Vlerick Business School. However, we are adding new programmes all the time, so interested student borrowers should consult our website for the most recent list.