MBA federal loan

I am taking admission in Columbia Business School for MBA course but my financial condition is not so good to bear fees for this course so can I apply for loan for MBA course? If yes then kindly give me proper details about this process?

Columbia Business School provide federal and private loan program and 2/3 student of this school take advantage of this loan. For information about this type of loan student should visit at student finance services. This information pertain to US citizens, US permanent residents, and international students.

Federal Direct Loans
US citizens and candidate who are permanent residents may apply for fixed rate Federal Direct Loans. Candidate have to admitted for apply to loans. All related Instructions is available on Admitted Student website.

Fixed Rate Federal Graduate PLUS Loans
Domestic students may be able to apply for fixed rate Federal loan, called Graduate PLUS. for detailed information Graduate PLUS Loan please visit Student Financial Services.

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Can you tell me about the Loan Programs offered by Leonard N. Stern School of Business, New York University for Full-time MBA (Master in Business Administration) Students?

The details about Loan Programs offered by Leonard N. Stern School of Business, New York University for Full-time MBA (Master in Business Administration) Students are as follows:


Domestic Students Federal and Private Loans

U.S. citizens and U.S. permanent residents are eligible for federal loans. They also have the option to apply for private loans.


Federal Loans
The U.S. Department of Education offers both federal unsubsidized and Graduate PLUS loans.

One must submit the Free Application for Federal Student Aid (FAFSA) to be reviewed for a federal unsubsidized or Graduate PLUS loan. The FAFSA data determine eligibility for the following:


Unsubsidized Loan
One is eligible for $20,500 (or $10,250 per semester) in unsubsidized federal loans.
The interest rate (Effective for loans disbursed between July 1, 2019 and June 30, 2020): 6.079% fixed.
A fee of 1.062% is applied at disbursement (Beginning October 1, 2019, the fee percentage will decrease to 1.059%).


Graduate PLUS Loans
In order to supplement the federal unsubsidized loans, domestic students are also eligible for the U.S. Governments Graduate PLUS loan to help cover the full cost of attendance.
he interest rate (Effective for loans disbursed between July 1, 2019 and June 30, 2020): 7.079% fixed.
A fee of 4.248% is applied at disbursement (Beginning October 1, 2019, this fee percentage will decrease to 4.236%).


Private Loans
U.S. citizens and U.S. permanent residents may be eligible to receive private loans.


International Students Private Loans
International students may be eligible to receive private student loans with and/or without a U.S. co-signer.


NYU Stern Loan Assistance Program
NYU Stern, with support from its Social Enterprise Association MBA club, has established a Loan Assistance Program.
The Program seeks to lessen the financial burden of repaying business school loans among graduates who pursue career paths in social enterprise.
These careers often have smaller compensation packages than traditional MBA tracks.
The Loan Assistance Program supports the Schools mission to develop leaders who create value for business and society.


Contact Detail:
NYU Stern
Henry Kaufman Management Center
44 West Fourth Street
By Phone
(212) 998-0100

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