MBA financing- NO Cosigner Loans

Question

MBA Programs in the US that Have Financing Options without a US Co-signer 
If you are an international applicant and do not have a person who could co-sign for you. Here are the options for financing and borrowing for your MBA without a co-signer. It used to be very hard to borrow if you were an international applicant, and many top 20 programs provided their own financing and deal options for their applicants. Then Prodigy and MPOWER came around and made borrowing much easier and the competition also drove the interest rates down.

Kindly add any other schools you need to the list, I have only used data on the prestigious universities Kindly add names in the thread so that I can add those as well.

School    Mpower    Prodigy    Quorum    Discover    School Fin Aid Page   
  HBS   Yes    Yes   Yes, Conditions apply     Fin Aid Page   
  GSB   Yes    Yes   Yes, Conditions apply     Fin Aid Page   
  Wharton   Yes    Yes   Yes     Fin Aid Page   
  Booth   Yes    Yes   No     Fin Aid Page   
  Kellogg   Yes    Yes   No     Fin Aid Page   
  MIT   Yes    Yes   No     Fin Aid Page   
  Georgetown MSB   Yes    Yes   No     Fin Aid Page   
  UVA Darden   Yes    Yes   No     Fin Aid Page   
  UWA Foster   Yes    Yes   No     Fin Aid Page   
  NYU Stern   Yes    Yes   No     Fin Aid Page   
  UCLA Anderson   Yes    Yes   Yes     Fin Aid Page   
  USC Marshall   Yes    Yes   No     Fin Aid Page   
  Duke Fuqua   Yes    Yes   No  Yes   Fin Aid Page   
  Columbia   Yes    Yes   Yes     Fin Aid Page   
  Cornell   Yes    Yes   Yes     Fin Aid Page   
  Tuck   Yes    Yes   No     Fin Aid Page   
  Haas- UC   Yes    Yes   No     Fin Aid Page   
  Yale   Yes    Yes   Yes     Fin Aid Page   
  Ross   Yes    Yes   Yes     Fin Aid Page   
  UNC Kenan Flagler   Yes    Yes   No     Fin Aid Page   
  UT Austin (McCombs)   Yes    Yes   No     Fin Aid Page   
  Emory- Goizueta   Yes    Yes   No     Fin Aid Page   
  Kelley- IU   Yes    Yes   No     Fin Aid Page   
  Rice- Jones   Yes    Yes   No     Fin Aid Page

Businessconquerer · Answer

UVA Darden provides discover loan tooo

IDK Why its not on list

GyanDhan_Finance · Answer

Hello there,

Here's some valuable information that might help. You can get an education loan for your MBA studies without needing a financial co-signer in two specific cases. These opportunities provide a pathway for pursuing your education goals independently.

#Option 1:  Secured education loan via public sector banks
 #Option 2:  Education loan via International Lenders

Let’s discuss these options individually.

Option 1

Getting a secured education loan, as the name suggests is an education loan that you can get against a collateral. Once you pledge collateral then you will not need a financial co-signer. Some prominent banks can help you in the same namely SBI and UBI. 
 1.  SBI  - they can provide you with up to 1.5 Cr INR loan with an interest rate starting at 11.15%. The processing fee for the same is 11,800 INR including GST. 
2.  UBI  - they can also provide you with an education loan with up to 1.5 Cr INR with an interest rate starting at 10%. They charge a processing fee of 5,000 INR which is refundable in case you take disbursement within 3 months of loan approval.

Please Note - For both the cases above, collateral will be required.

Option 2

The second option and preferred option in your case is getting an education loan from international lenders like MPOWER and Prodigy. Let’s learn about them one by one. 
 1.  MPOWER Financing  - they will provide you with a loan of up to 100,000 USD at a fixed interest rate of 13.99% depending on whether your targeted institute is in the approved list of theirs or not. They have an interest rate incentive of 0.25% in case you sign up for autopay. MPOWER can be a good option as they specialize in providing loan for students planning to study in USA or Canada.
2.  Prodigy Finance  - it can also cover 100% of your cost to study based on the university/college you choose. Prodigy has an approved list of institutes and courses for which they provide education loan. This may lead to a variation in the loan amount being approved by the lender. The interest rate for it starts at 12%.

When applying for an education loan, timing becomes a critical factor. If you apply to one lender and, in a worst-case scenario, face rejection, you may not have sufficient time to apply to another. This is where GyanDhan comes in. We analyze your profile with the help of our education loan experts and apply to lenders that best fit your requirements, increasing your chances of approval. Additionally, we ensure to have a backup option in place in case things do not go as planned. So, what do you need to do? Simply  check your eligibility  with us and leave the rest to our experts.

Businessconquerer · Answer

I completely forgot that I had contributed to GMATClub with this during my time as a moderator. Thank you so much for contributing Gyan Dhan Finance

Gladiator59 · Answer

Outdated!

MBA financing- NO Cosigner Loans

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School	Mpower	Prodigy	Quorum	Discover	School Fin Aid Page
HBS	Yes	Yes	Yes, Conditions apply		Fin Aid Page
GSB	Yes	Yes	Yes, Conditions apply		Fin Aid Page
Wharton	Yes	Yes	Yes		Fin Aid Page
Booth	Yes	Yes	No		Fin Aid Page
Kellogg	Yes	Yes	No		Fin Aid Page
MIT	Yes	Yes	No		Fin Aid Page
Georgetown MSB	Yes	Yes	No		Fin Aid Page
UVA Darden	Yes	Yes	No		Fin Aid Page
UWA Foster	Yes	Yes	No		Fin Aid Page
NYU Stern	Yes	Yes	No		Fin Aid Page
UCLA Anderson	Yes	Yes	Yes		Fin Aid Page
USC Marshall	Yes	Yes	No		Fin Aid Page
Duke Fuqua	Yes	Yes	No	Yes	Fin Aid Page
Columbia	Yes	Yes	Yes		Fin Aid Page
Cornell	Yes	Yes	Yes		Fin Aid Page
Tuck	Yes	Yes	No		Fin Aid Page
Haas- UC	Yes	Yes	No		Fin Aid Page
Yale	Yes	Yes	Yes		Fin Aid Page
Ross	Yes	Yes	Yes		Fin Aid Page
UNC Kenan Flagler	Yes	Yes	No		Fin Aid Page
UT Austin (McCombs)	Yes	Yes	No		Fin Aid Page
Emory- Goizueta	Yes	Yes	No		Fin Aid Page
Kelley- IU	Yes	Yes	No		Fin Aid Page
Rice- Jones	Yes	Yes	No		Fin Aid Page