There are numerous ways to financially support your next phase of development. You can take advantage of various financing opportunities through loans, fellowships, tax benefits, and company sponsorship.
Federal Direct Unsubsidized Student Loan
- Must Be a US citizen or Permanent Resident
- 6.54% fixed interest rate for 2022-23; 1.057% origination fee
- The annual loan limit $20,500
- Repayment begins six months after the student graduates or drops below half-time enrollment (4 units)
- The standard repayment term is 10 years
- Flexible repayment options such as income-based repayment
- Loan forgiveness program
- Credit check is not required
- No prepayment penalty
Federal Direct Graduate PLUS Loan
- Must be a US citizen or Permanent Resident
- 7.54% fixed interest rate for 2022-23; 4.228% origination fee
- Requires a credit check
- Students can borrow up to the cost of education minus other financial aid
- Repayment begins six months after the student graduates or drops below half-time enrollment (4 units)
- The standard repayment term is 10 years.
- Flexible repayment options such as income-based repayment
- Loan forgiveness program
- Credit check required
- No prepayment penalty
Private loans are available for U.S. Citizens, Permanent Residents, and International Students with a U.S. co-signer.
Private Lenders
View a list of private lenders previously used by Anderson students
Private Loan Guide
Obtain more information about private loans
View a list of lenders that are set up in our database.
The following private lenders are available for international students without U.S. co-signers. Please be advised that international students may only borrow up to mandatory charges and health insurance. This loan limit does not apply to Prodigy Finance.
All international private student loans below are made by the specific lending institutions and not the University.
Please be advised, to be eligible for the Discover® Custom Graduate Loan, you must be residing in the United States during your program studies. Aggregate loan limits apply.
Discover® Custom Graduate Loan
- Two separate applications are required: one for Summer and another one for Fall/Winter/Spring
- Zero fees
- No co-signer. Co-signers are not permitted for this loan
- Two separate applications are required: one for Summer and another one for Fall/Winter/Spring
- No co-signer required
- May borrow up to 80% of the cost of attendance (as approved by the university)
- Zero fees
- No co-signer required
- 20 or 25 year repayment period
- Apply once for your entire degree with a line of credit structure
- Federal direct loans are available to most student regardless of income. Other qualification criteria do apply; for additional information, please visit http://studentaid.gov/eligibility. Federal loans offer flexible repayment options and loan forgiveness options.
- Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
- The interest rate on a private loan may depend on the borrower’s and/or co-signer's credit rating.
- Private student loans have a range of interest rates and fees and students should determine the interest rate and any fees associated with the private student loan before accepting the loan. Students should contact the lender of the private loan or the Financial Aid Office if they have questions about a private student loan.
Note: If you are considering a loan to finance your MBA, please keep in mind the Cost of Attendance. The program fees for 2022-2023 are $88,245. Items covered by the program fees include registration, student charges, books, software supplies, meals, and housing for on/off-campus residential. The 2022-2023 student budget includes the following expenses with the corresponding maximum loan credit: Food/Housing: $27,600, Computer: $1,137, Travel: $7,498, Personal: $5,980, and Loan Fees: $3,110. The total cost of attendance is $133,570. |