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Business School Graduate Loan Program
The GradLoans Business School Loan will help you bridge the gap between federal financial aid and the true cost of a graduate education up to $45,000, annually. Created especially for business school students like you with unmet financial need, our business school Loan program will help you achieve your professional and educational goals.
Apply Online for a Business School Loan
You can use a business school loan to cover any education related expenses, including, student computers, books and room and board. Additional Benefits include:
GradLoans Business School Loan Benefits
- Defer paymet while in schol and for a six-month grace period after graduation5
- Exclusive Graduation Reward - $300 principal reduction on every private student loan upon graduation1
- No Upfront Fees!2
- Lower your interest rate by 0.25% when you choose to have your payments automatically deducted from your personal bank account3
- Rates as low as one-month London Interbank Offered Rate (LIBOR) + 2.5%4
- Borrow up to the cost of education minus financial aid received
Loan Qualifications
- Must be enrolled at least half-time at an eligible school.
- Must be a U.S. citizen or permanent resident or have a cosigner who is.
- You must be the legal age of majority or at least 18 years of age with a cosigner who is legal age of majority.*
- Your permanent residence is NOT in Texas, Wisconsin, Washington, Illinois, or Iowa. (There is no state restriction for cosigners.) Residents of these states should review this alternative student loan.
- Many borrowers will need a cosigner. Borrowers without a cosigner must have at least 27 months of established credit history.
Undergraduate students may apply for Private Student Loans at www.AlternativeStudentLoan.com
Business School Loan Borrowing Amounts
You may borrow up to $45,000 annually. See the chart below for more details.
| Degree Program | Limit Per Academic Year |
|---|---|
| Business School | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| Dentistry | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| Law School | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| Medicine | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| Osteopathic | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| Nursing School Loans | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
| All Others | Annual Minimum is $3,000; Annual Maximum is $45,000 and is Based on Cost of Attendance; Aggregate Academic Lifetime Maximum is $150,000 |
Apply Online for a Business School Loan
Federal Stafford Loan for Business School
- Learn more about Stafford loans for business school or your MBA program
- Apply Online - Federal Stafford Loan Application
Research Top Business Schools
- Harvard University
- Stanford University
- University of Pennsylvania
- Massachusetts Institute of Technology
- Northwestern University
- University of Chicago
- Dartmouth College
- University of California-Berkeley
- Columbia University
- New York University
Apply Online for a Business School Loan
After Graduating From Business School
* The legal age for entering into contracts is 18 years of age in every state except Alabama and Nebraska (19 years old), and Mississippi and Puerto Rico (21 years old).
1 Proof of graduation is required.
2 A repayment finance charge may apply based on your or your cosigner's credit history.
3 The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006.
4 LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 3.500% on 10/1/08. This APR example assumes a $10,000 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 25 year repayment term with no repayment finance charge, and a 2.50% margin. Margins can range from 2% to 8% (depending whether you are an undergraduate or graduate, if the loan is co-signed and upon your or your cosigner's credit history) and repayment finance charges can range from 0% to 5.5% (depending upon your or your cosigner's credit history).
5 Interest will continue to accrue while your private student loan payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.
1 Proof of graduation is required.
2 A repayment finance charge may apply based on your or your cosigner's credit history.
3 The 0.25% rate reduction is available to borrowers who arrange with their servicer to automatically deduct monthly payments from their personal bank account. Savings programs are effective for all loans disbursed on or after October 13, 2006.
4 LIBOR stands for London Interbank Offered Rate. The one-month LIBOR is the Current Index, as published in the "Money Rates" section of the Wall Street Journal (Eastern Edition). Your variable interest rate and Annual Percentage Rate (APR) may be higher depending upon your credit history and will increase or decrease if the one-month LIBOR index changes. Your variable interest rate is calculated by adding the current one-month LIBOR index (captured on the 25th business day of each month and rounded up to the nearest 1/8th of one percent) to your margin. The current one-month LIBOR index was 3.500% on 10/1/08. This APR example assumes a $10,000 undergraduate, cosigned, loan disbursed over two transactions with a deferment period of 45 months upon initial disbursement and a six month grace period upon graduation, a 25 year repayment term with no repayment finance charge, and a 2.50% margin. Margins can range from 2% to 8% (depending whether you are an undergraduate or graduate, if the loan is co-signed and upon your or your cosigner's credit history) and repayment finance charges can range from 0% to 5.5% (depending upon your or your cosigner's credit history).
5 Interest will continue to accrue while your private student loan payments are deferred, and it will be capitalized (added to your principal loan balance) when repayment begins.
