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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. 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 or call toll-free 800-926-2716
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
- Fast online approvals, high approval rating
- No application fee or out-of-pocket expenses
- Low interest rates, high annual maximums
- Full deferment until you leave school with a variety of repayment options
- 6 month grace period before repayment begins
Loan Qualifications
You must be a U.S. citizen or permanent resident with a valid permanent-resident card or an international student applying with a U.S. citizen or permanent resident co-borrower;
- Be at least 18 years old, or the age of majority in your state;
- Be enrolled at least half time at an eligible college or university;
- Meet our criteria for creditworthiness. If you do not meet our criteria, please consider applying with a creditworthy co-borrower.
Undergraduate students may apply for Private Student Loans for College at www.AlternativeStudentLoan.com
Business School Loan Borrowing Amounts
You may borrow from $1,500 to $50,000 ($70,000 for specialized degree programs) each academic year. See the chart below for more details.
| Degree Program | Cumulative Maximum | Limit Per Academic Year |
|---|---|---|
| Business School |
$1,500 - $120,000 |
Cost of Attendance Minus other Aid |
| Dentistry | $1,500 - $225,000 | Cost of Attendance Minus other Aid |
| Law School | $1,500 - $130,000 | Cost of Attendance Minus other Aid |
| Medicine | $1,500 - $225,000 | Cost of Attendance Minus other Aid |
| Osteopathic | $1,500 - $130,000 | Cost of Attendance Minus other Aid |
| Nursing School Loans | $1,500 - $120,000 | Cost of Attendance Minus other Aid |
| All Others | $1,500 - $120,000 | Cost of Attendance Minus other Aid |
Apply online or call toll-free 800-926-2716
Annual Percentage Rate (APR) and Repayment Example:
If you borrowed $10,000 in a single installment, the 3-month LIBOR remained constant at 3.076% (as of April 1, 2008) and you had a 24-month combined in-school and 6-month grace period with a 240-month repayment period, your possible APR and repayment schedules are shown below. Your annual percentage rate may increase or decrease after consummation.
| Repayment Option | Origination Fee | APR |
In School &
Grace Period |
Repayment Period |
|---|---|---|---|---|
|
Immediate Interest
and Principal Repayment |
0.00% | 8.625% | N/A |
240 payments
of $87.57 |
|
Immediate Interest
and Deferred Principal Repayment |
5.75% | 9.182% |
30 payments
of $70.73 |
240 payments
of $92.92 |
|
Both Deferred
Interest and Principal Repayment |
6.25% | 9.310% | N/A |
240 payments
of $115.97 |
What else sets the GradLoans Business School Loan apart?
Full deferment and forbearance options available while in school, working towards a residency or internship, unemployed or experiencing an economic hardship, serving in the military or needing an administrative forbearance. Other benefits include:
- Low minimum monthly payment of $50
- No prepayment penalties
- 24/7 online account access
- Fees as low as 0%
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 or call toll-free 800-926-2716
After Graduating From Business School
Business School Loans funded by Doral Bank NY FSB, an Equal Opportunity Lender.
