Business Student Loans are a type of graduate student loan intended for students striving for higher achievement in a graduate business school. Furthermore, any interest that accrues while you are in school will be capitalized at repayment allowing you to solely focus on your degree.
Loan Terms:
For the Graduate Business Loan, the aggregate education loan limit is set at $175,000 if you are without a cosigner. If you are applying with a cosigner, the Graduate Business Loan will cover all your education costs minus any other financial aid.
Eligibility:
It is recommended to apply for the Grad PLUS and Grad Stafford loan before the grad business loan. If you do need additional funding, you must qualify with the required criteria set forth by the lender.
Some general requirements include: you are required to be a U.S. citizen, permanent resident, or international borrower applying with a U.S. citizen. You must have no loans in default and be enrolled in school.
Programs offered include Executive MBA, finance, accounting, business admin, marketing, taxation, and economics.
Interest Rates:
The Graduate Business Loan has various interest rates that reset monthly and can fluctuate depending on your credit score. Borrowers with good to great credit can receive an interest rate as low as Prime – 1.0%. If you are applying with a creditworthy cosigner, the borrower may become credit-approved.
Repayment:
For the Graduate Business Loan, standard, graduated and extended repayment plans are available. For all options, repayment begins after a six-month grace period.
Additional graduate student loans:
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PremierStudentLoan.com helps graduate students connect with college loan lenders throughout the nation to find a variety of school loans including federal, private and student loan consolidation. PremierStudentLoan.com is not a college loan lender but an online marketing company that provides products on behalf of student loan corporations. |
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