Campus-Based Loans

Campus-based loans are loans awarded through and administered by the school, in most cases the Financial Aid Office.

Unfortunately, although the terms and conditions compare favorably to other loans, these funds may not be available at your school. If available, they may be extremely limited both in terms of actual dollar amount and how many students receive these funds each year. Remember: Apply for financial aid as early as possible.

There are two main kinds of Campus-Based Loans for graduate business students:

These are federal loans that the school awards and administers. In other words, the schools control these funds. They are subsidized loans based on financial need. They carry a 5% fixed interest rate and have favorable grace, deferment, forbearance, and repayment options. You must file the FAFSA in order to be considered for a Federal Perkins Loan. The annual maximum is $6,000. Contact your school to see if they participate in the Federal Perkins Loan program, and if so, how you might qualify.

On occasion, schools will have institutional funds that they make available to students as loans. Institutional loans tend to carry favorable terms and conditions, especially when compared with private education loans. Contact your Admissions Office to see if they have any institutional loans programs for which you may qualify.