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MBA Loans for International Students

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MBA Loans for International Students [#permalink] New post 26 Aug 2005, 21:51
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Note: As a broad generality, schools in higher clusters are more likely to offer "no co-signer" loans than schools in lower clusters. As usual, it is important to study the specific requirements of each school with care.

Corrections and/or additions are welcome!

Chicago
"Student Loans for International Students
Chicago GSB has two private, credit-based alternative loan programs available for international students. One loan program requires a creditworthy co-signer who is a U.S. Citizen or U.S. Permanent Resident currently living in the United States. The other loan program does not require a co-signer. Students borrowing from either loan program can borrow up to the budget amount less any scholarships or other financial assistance received."
http://gsb.uchicago.edu/fulltime/admiss ... alaid.aspx

Harvard
"available to all HBS Students regardless of citizenship"
http://www.hbs.edu/mba/admissions/loanprograms.html

MIT "No co-signer is required."
http://mitsloan.mit.edu/mba/admissions/loans.php


Penn (Wharton)
"Wharton also provides access to the Wharton International Loan Program offered through Citibank. Eligibility is guaranteed with 100% of students approved for borrowing."
http://mba.wharton.upenn.edu/mba/admiss ... /loans.php

Dartmouth (Tuck)
Tuck School of Business International loans
"Unique loan program for international students
Students may be eligible to borrow up to full tuition and fees (as determined by the Financial Aid Office)
Does not require a U.S. guarantor or co-borrower"
http://www.tuck.dartmouth.edu/admissions/aid/loans.html

Duke (Fuqua) No co-signor required
http://www.fuqua.duke.edu/admin/stuserv ... tional.htm

Michigan No Co-signer required
"No Co-signer is required for domestic or international students"

http://www.bus.umich.edu/Admissions/Mba ... stLoan.htm

UNC The North Carolina EXTRA MBA Loan
http://www.kenan-flagler.unc.edu/Progra ... on/aid.cfm

Indiana No co-signor loan option for all admitted intl. students
http://www.kelley.iu.edu/MBA/admissions/finaid.cfm

Last edited by Hjort on 01 Oct 2005, 22:28, edited 5 times in total.
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 [#permalink] New post 31 Aug 2005, 15:10
Some ambiguous cases:

Northwestern
"The second option has no citizenship/residency requirement for the student or co-signer. However, a family member (parent, guardian or relative other than a spouse) must co-sign. This option charges a 4-percent origination fee and a half-percent-higher interest rate than the previous option. More details on financial aid and the financial aid process are provided upon acceptance to the program"

http://www.kellogg.northwestern.edu/adm ... ly/FAQ.htm

Stanford
"All international students are eligible for fellowships and loans through the National Education Loan Network (Nelnet) which offers low interest rates and the possibility of no co-signer. Detailed information about financial aid will be sent to you upon your admission to the MBA Program."

http://www.gsb.stanford.edu/mba/faq/qa_fin_aid.html
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 [#permalink] New post 31 Aug 2005, 15:29
Schools with limited international student loan programs

Cornell
http://www.johnson.cornell.edu/academic ... loans.html

NYU
http://w4.stern.nyu.edu/finaid/types.cfm?doc_id=3489
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 [#permalink] New post 02 Sep 2005, 11:48
GMAT Club members might find this link useful as well:

http://www.globalslc.com/
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Do all schools help you in obtaining a loan? [#permalink] New post 16 Oct 2005, 05:32
Hjort, I found this thread quite useful.

I have a few questions regarding loans
1. Do schools which do not offer loans with co-signer still help you with loan processing? Does the student office help you to arrange the loan?

2. For international students, schools expect students to show sufficiency of funds. Schools like Ross expect me to show paper work indicating funds sufficient to cover first year of college. Tepper expects me to show funds sufficient to cover both years of college. If I could show funds to cover both years,will it disqualify me for a loan? If I cannot show funds for both years, can I say that I intend to cover the rest through a loan?

3. How does this loan processing work for international students?. Can we get this done by mail before we get to school?

Any insights ?

:roll:
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Re: MBA Loans for International Students [#permalink] New post 11 Jul 2012, 01:39
Has anybody done a post-financial crisis refresh on this? Those Duke and Ross links are down now =(
I think they require cosigners..
If anybody has any heads up on this it would be great..
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Re: MBA Loans for International Students [#permalink] New post 11 Jul 2012, 04:56
Re: MBA Loans for International Students   [#permalink] 11 Jul 2012, 04:56
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