- Carnegie Mellon University - Tepper School of Business
- Cornell University - Johnson Graduate School of Management
- Dartmouth College – Tuck School of Business
- Georgetown University - McDonough School of Business
- Harvard Business School
- MIT - Sloan School of Management
- New York University - Stern School of Business
- Northwestern University - Kellogg School of Management
- UCLA - Anderson School of Management
- UNC - Chapel Hill - Kenan-Flagler Business School
- University of Chicago - Booth School of Business
- University of Virginia - Darden School of Business
- University of California - Berkeley Haas School of Business: See Berkeley Haas specific terms
- Duke University: See Duke specific terms
- University of Pennsylvania - The Wharton School: See Wharton specific terms
Eligibility: Foreign full-time MBA students are eligible to apply. US citizens and permanent residents are ineligible. US residents with non-permanent status may be eligible depending on the specifics of the situation.
Maximum loan size: Capped at tuition. The loan can only be used for tuition.
Interest rate: 6-12%, depending on individual profiles, with a representative APR of 8.61%. Rates are variable from 5.5-9.5% over a base rate of 3-month US Libor.
Guarantees: No guarantors, co-signers, or collateral required.
Additional once-off fees: Administrative fee of 3.5% of the loan amount.
Disbursement: Funds are disbursed directly to the school shortly after the start of class.
Grace period: Study period plus 6 months following graduation. During this time, student borrowers do not have to pay anything, but interest accrues.
Repayment: After the grace period, there is a payback period of 10 years. There are no penalties for early repayment.
Application deadline: Applications will close 2 weeks before the start of your class.
All preliminary lending decisions are subject to:
- A full credit and background check,
- Your acceptance into the programme at the Business School specified in your loan application, and
- The availability of sufficient funds from investors (including alumni and school community) to finance your loan.
