Financial Aid
Loan Options for International Students
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Search Financial Aid
Loan Options for International Students
|
Sallie Mae-MBA Loan |
International Student Loan |
Bank
of |
CitiAssist by Citibank |
|
| Borrower |
Graduate Business School |
Undergraduate or Graduate |
Undergraduate or Graduate |
Undergraduate or Graduate |
| International students |
Yes |
Yes |
Yes |
Yes |
| USA citizen, national or permanent resident |
Yes |
No |
Yes |
Yes |
| Cosigner |
Yes -International Students |
Yes |
Yes |
Yes |
| Cosigner release |
Yes - After first 24 payments of principal and interest are made on time |
No |
No |
No |
| Origination/ |
No fees-Based on borrower's credit |
5% for undergraduates or 6% for graduates |
Determined by a combo of loan type, school's cohort default rate, and whether or not there is a cosigner |
No |
| Credit check |
Yes |
Yes |
Yes |
Yes |
| Interest rate |
Prime + 0% - Adjusted every Quarter |
Adjusted monthly to the Prime Lending Rate + 0.0% |
Adjusted Quarterly and based on the 1-month LIBOR |
Prime +.5% |
| Annual loan limits |
Up to cost of attendance |
Up to the cost of attendance |
Up to the cost of attendance |
Up to the cost of attendance |
| Minimum loan amount |
No |
$500 |
$1,000 |
None |
| Enrollment minimum |
No |
Yes, at least half time |
Yes, at least half time |
Yes, at least half time |
| Aggregate loan limits |
No |
No |
Yes |
Yes |
| Funds sent to school |
Yes |
Yes |
Yes |
Yes |
| Number of disbursements |
Up to 4 |
Up to 4 |
Up to 4 |
Up to 4 |
| Repayment begins |
6 months after graduation |
45 days from disbursement |
6 months after graduation or enrollment drops below 1/2x |
6 months after graduation or enrollment drops below 1/2x |
| Deferments |
No |
No |
No |
Yes |
| Forbearance |
Yes |
No |
No |
Yes |
| Capitalized interest |
Yes |
Yes |
Yes |
Yes |
| Repayment length |
Up to 25 years |
Up to 25 years |
Up to 20 years |
12-15 years |
| Repayment incentives |
Yes |
No |
No |
Yes |
| Flexible repayment options |
Yes |
Yes |
Yes |
Yes |
| Where to send application |
School |
School |
Lender |
School |
| Servicer/Contact |
1-800 440-4MBA |
(617) 696-7840 |
1-800 344-8382 |
1-800 812-5030 |
| Application |
||||
| Address |
Sallie
Mae Servicing Corp |
ISLP |
Bank
of America Student Banking |