Loan Programs

Tuck offers need-based and non-need-based loan programs for U.S. citizens, permanent U.S. residents, and international students. All students who qualify for federal loan funds must borrow those funds prior to applying for a private educational loan.

Need-based loan programs

Federal Stafford loans (subsidized)

• For all qualified students who are U.S. citizens or permanent residents
• Students with demonstrated need may borrow up to $8,500 from a bank, savings and loan association, credit union or other participating lender
• The federal government subsidizes the interest while the student is enrolled and during a six-month grace period before repayment
• Fixed interest rate of 6.80 percent
• Lenders may charge a 1 percent default fee and a 2 percent origination fee
• The maximum repayment period is 10 years, unless loans are consolidated

Federal Perkins loans

• For all qualified students who are U.S. citizens or permanent residents with exceptional financial need
• Fixed interest rate of 5 percent per year
• Interest does not accrue until repayment period, which begins nine months after the completion of all education
• Up to $6,000 in one year

Dartmouth Educational Loan Corporation (DELC) loans

• Depending on need, a student may borrow up to $120,000 over the two years of MBA education
• Variable interest rate set annually on July 1. Current rate is 6.5 percent
• Interest accrues on the loan and capitalizes monthly while the student is enrolled in school
• Repayment begins three months after graduation
• Eligibility is based on the student's overall debt and creditworthiness
• Available to international students with established positive credit history in the U.S.
• No origination fee
• Maximum term of the loan is 10 years

Tuck 5 percent loan program

• For U.S. citizens and international students with exceptional financial need
• Students may borrow up to $6,000 each year
• Fixed interest rate of 5 percent
• Interest begins to accrue when the loan goes into repayment (three months after graduation)
• The repayment period is a maximum of 10 years after graduation or withdrawal from the school
• No origination fee

Tuck International Loan program

• Unique loan program for international students
• Students may be eligible to borrow up to the cost of attendance less all other financial aid awarded.
• Does not require a U.S. guarantor or co-borrower
• Exact terms of the loan will be made available as soon as they are final. The internet rate is expected to be variable and could range between 8.5 to 12 percent.
• Standard and graduated repayment options are available

Graduate PLUS Loan program

• For all credit-worthy students who are U.S. citizens or permanent residents
• Students must apply for maximum loan eligibility in subsidized and unsubsidized stafford loans
• Cost of attendance less other financial aid
• Fixed interest rate of 8.5 percent
• A 3 percent origination fee
• Lenders may charge a 1 percent default fee

Non-need-based loan programs

Federal Stafford loans (unsubsidized)

• For all qualified students who are U.S. citizens or permanent residents
• Eligible graduate students may borrow up to $20,500 per academic year less any subsidized (need-based) amount
• Fixed interest rate of 6.80 percent
• Lenders may charge a 1 percent default fee and a 2 percent origination fee
• Interest begins to accrue on the loan when the funds are disbursed to the student. The student can choose to make regular interest payments while in school, or have the interest capitalized at repayment

Tuck Educational Loan Corporation (TELCO) loans

• For students who do not qualify for need-based DELC loans
• A student may borrow up to a total of $50,000 over the two years of the MBA education
• Variable interest rate set annually on July 1. Current rate: 7.25 percent
• While the student is enrolled, interest is added to the loan as it accrues
• Repayment begins three months after graduation and payments are made monthly
• The maximum term of the loan will depend primarily on the size of the loan with consideration given to the student's total educational indebtedness
• Eligibility is based on the student's overall debt and creditworthiness
• No origination fee

Private educational loans

The Tuck Financial Aid office works closely with students to obtain private educational loans.  Our comprehensive list of optional lenders is intended to provide students with a range of options so they can select the loan that fits their needs.

For more information on our optional lenders please visit their websites:

Access Group
Bank of America
Citibank
Citizens Bank
NHHEAF

For disclosure information regarding our optional lenders or if you have questions please contact our office for more information.