UC Berkeley, Haas School of Business has secured a Risk-Share Loan option for International Students that does not require a co-signer. The lender was selected based on their ability to make loans at reasonable rates for students who are ineligible for federal loans and for those who have no access to a credit worthy U.S. co-signer.
2018-2019 Discover Custom Graduate Loan
- Maximum: $33,000 per semester
- No Fees Required
- 3-month LIBOR + 6.49%
- 9 month Grace Period
- 20 year repayment, No prepayment penalties
- Visa documentation is required. Coordinate with Discover Student Loans.
- 0.25% interest rate reduction for auto-debit payments when in repayment period
- A negative credit history could affect approval
To apply for funds, go to the Discover Student Loan website for Haas Full-Time MBA Students.
If you need assistance during the loan process, please call their dedicated Custom Graduate Loan customer service number at 1-800-973-5145 as opposed to the generic number appearing on their website.
If you have obtain an Social Security Number while in the MBA program, be sure to update the lender for smoother servicing after you graduate!
IMPORTANT:
- Students are not responsible for making loan payments on the Risk-Share Loan while enrolled in at least half-time (6 units) or during the 9 month grace period.
- The grace period commences after graduation, OR after dropping below 6 units.
- Borrowers are expected to maintain a cumulative 3.0 G.P.A. to be eligible for loan disbursement