Approximately one-third of Executive MBA students take advantage of federal and private loan programs to finance their degrees. Students interested in these loans should carefully review the Columbia University Student Financial Services website for detailed information about resources for graduate students. The information you will find there pertains to US citizens, US permanent residents, and international students.
If you have questions, please contact the School’s Financial Aid Office at email@example.com or 212-854-4057.
Federal Direct Loans
US citizens and permanent residents may apply for fixed-rate federal direct loans. Students should file the Free Application for Federal Student Aid (FAFSA) right away and wait for official application instructions on the Admitted Students website once they have been admitted. When filling out the FAFSA, please use the Title IV school code for Columbia Business School: 002707.
You may apply for $20,500* through the federal direct loan for a two-semester loan period. As this is a two-term loan, you will receive half at the beginning of the first semester and the second half in the following semester. The direct loan has a fixed interest rate of 5.41 percent for the 2013-2014 academic year. Repayment begins six months after graduation or six months after you drop below half-time (six credits), whichever comes first. The maximum repayment period is 10 years.
*Does not figure in origination and guarantee fees, which may be deducted from each disbursement of loan funds.
Fixed-Rate Federal Graduate PLUS Loans
Domestic students may be able to meet the cost of attendance through a fixed-rate federal loan called the Graduate PLUS Loan. Please visit the Columbia University Student Financial Services website for detailed information regarding this loan.
Variable-Rate Private Loans
There are several private loan programs offered to both US citizens and non–US citizens that are based primarily on credit history. When you approach this point in the application cycle, you should obtain a copy of your credit report in advance to check for discrepancies; the credit report and score are the most important factors in determining eligibility and interest-rate tier for private loans.
International students are only eligible to be considered for private loans with a US cosigner. Please visit the Columbia University Student Financial Services website for detailed information regarding this and other loans.