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souvik101990
Expert
Alum
Joined: 19 Mar 2012
Last visit: 11 Nov 2025
Posts: 4,321
Given Kudos: 2,326
Location: United States (WA)
Concentration: Leadership, General Management
Schools: Ross '20 (M)
GMAT 1: 760 Q50 V42
GMAT 2: 740 Q49 V42 (Online)
GMAT 3: 760 Q50 V42 (Online)
GPA: 3.8
WE:Marketing (Non-Profit and Government)
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Expert reply
Updated on: 02 Mar 2023, 12:11
Originally posted by souvik101990 on 21 May 2017, 01:13.
Last edited by bb on 02 Mar 2023, 12:11, edited 5 times in total.
Last edited by bb on 02 Mar 2023, 12:11, edited 5 times in total.
Added Prodigy offer details
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Bookmarks
The International Student Guide to Financing Your MBA
Inspired by a recent post by cesarucv, and a detailed response by bb on this post, I wanted to expand on the options of financing for international students in the top schools in the US. The table shows the availability, limits, APRs, and co-borrower requirement for international students along with some other notes specific to each schools. Hope you guys find this useful. Which among these do you plan to apply to and what's your financial strategy?
Additional Resources:
Special Scholarships, Fellowships, and Grants at Top Business Schools!
GMAT Club's Special Prodigy Offer: Up to $500 Cash Back on Your Student Loan!
If you are going to take a Prodigy Loan, make sure you use the GMAT Club's link to sign up (also forward us your conf email to check eligibility, usually everyone is eligible but sometimes there are surprises, so we ask that you do). You can then get a cashback up to $500 back to you via bank transfer, Paypal or amazon giftcard (after your loan is disbursed)
Special Scholarships, Fellowships, and Grants at Top Business Schools!
GMAT Club's Special Prodigy Offer: Up to $500 Cash Back on Your Student Loan!
If you are going to take a Prodigy Loan, make sure you use the GMAT Club's link to sign up (also forward us your conf email to check eligibility, usually everyone is eligible but sometimes there are surprises, so we ask that you do). You can then get a cashback up to $500 back to you via bank transfer, Paypal or amazon giftcard (after your loan is disbursed)
| International Financing Options in Top US B Schools | |||||
School | Loan Amount | APR | Term | SSN/CO? | Information: |
| Stanford GSB | $200,000 | 7% - 7.5% | 20-25 years | You can reduce your rate with a co-borrower but not mandatory. | Check this link for more info |
| HBS | NA | Prime + 3%-3.5% | 15 years | You can reduce your rate with a co-borrower but not mandatory. | Check this link for more info |
| Wharton | $250,000 | Prime + 4% - 4.5% | Variable | You can reduce your rate with a co-borrower but not mandatory. Many loan options are available with different rules for co-borrowers including Quorom and South East Bank | Check this link for more info |
| Booth | Cost of Attendance | No info | Variable | No co borrower needed but will help in reducing private loan APRs | Check this link for more info |
| Kellogg | No info | No info | Variable | Most loans require co-signors (including NU private loans). Mpower offers a loan to international students without a cosignor but not sure of the total amount. | Check this link for more info |
| Tuck | Full cost of attendance | 7.75% + variable | Variable | You can reduce your rate with a co-borrower but not mandatory. Discover MBA loans offer reduction for good grades (not sure how it works with nondisclousure policies) | Check this link for more info |
| Fuqua | Upto 80% of cost of attendance - Unless private loans | 8% + variable | 15-20 years | Discover, Mpower and SouthEast Bank options. APRs reduce with a co-borrower/good grades/both. 1% cash reward for good grades. This could probably sponsor a foreign travel  | Check this link for more info |
| MIT Sloan | Check this link for more info | ||||
| Ross | No info | No info | No info | Ross loans are only available for intl. students if you have a cosigner. However, Ross also lists several private loans (as mentioned in other schools) whch have more relaxed policies on co-signors. Ross does nto recommend anyone in particular | Check this link for more info |
| Stern | Full cost of attendance | Variable (8% +) | Variable | Both options available with or without co-signer. Needless to say that the loans with co-signers have lower rates. | Check this link for more info |
| Yale SOM | Upto 80% of cost of attendance - Unless private loans | 7%-8% + variable | 15+ years | Both options available but Yale only lists some select loans for no-cogner loans | Check this link for more info |
| Haas | Upto 60-70% of the cost of attendance. | Variable but less than others if you apply for the Haas risk-share program | Variable | Cosinger not needed for risk share Haas loans | Check this link for more info |
| Anderson | Only Tuition and Summer costs upto $60,000 | Variable | Variable | No consgner needed for Discover and Elemens Financial Loans (but not full amount) | Check this link for more info |
| Columbia | Variable. Lenders list available for admitted students | NA | Variable | No loans if you don't have a co-signer (but prodigy is mentioned as the only loan if you don't have a co-signer) | Check this link for more info |
| Darden | Upto $89K per year | Variable | 20 Years | Loans without co-singer through Discovery | Check this link for more info |
Do you think I missed something? How are you planning to finance your student loans? Share your ideas!
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24 Jul 2017, 08:23
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Souvik - What about living expenses and stuff ? I wonder how people deal with that as for international students that'll add up as well.
And on top of that are these options payable after graduation or you have to pay minimum payments or interest per month while in school ?
And on top of that are these options payable after graduation or you have to pay minimum payments or interest per month while in school ?
