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Financing your education

A note to international students:

Do a thorough research on the possible loan options for funding your MBA education. Some of the top business schools such as Michigan Ross and Columbia do not provide a loan without a US co-signor.

Until and unless you can get a co-signor, there is no point in applying to these programs.

Similarly several programs will only provide loan for a percentage of your expenses which will still leave you with a bill which you need to foot. Here are some scenarios:

Cost of Education: 100% loan - Best scenario and most of the top schools fall in this bucket.

Cost of Education: 80% loan - Few schools will only provide a loan up to 80% of the total cost of education.

Fees and Tuition only - This leaves you with all lodging/boarding and other incidentals.


Other schools which have restrictive loan support:

Michigan Ross : No loan without a co-signor

Columbia : No loan without a co-signor

Tepper: No loan without a co-signor

Johnson Cornell: Cost of tuition only less financial aid

Dartmouth Tuck: Cost of tuition only less financial aid

Wharton: Upto 80% of cost of education


Other notable mentions:

Darden: Begining 2014, students can avail upto $65K per year in loan through Discover. In the past, Darden was similar to Wharton with support for only 80% of cost of education.

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