Education loans are only one of the many possible sources of funding to cover the cost of your Tuck education. Eligibility varies for each of these loan programs as do rates, terms of repayment, and annual/aggregate loan maximums. International students can maximize their options by identifying a U.S. cosigner with positive credit history.
Tuck adheres to the Code of Conduct policy as established by the Higher Education Opportunity Act.
Graduate students who are U.S. Citizens or Permanent Residents qualify for $20,500 per academic year. The U.S. Department of Education is your lender. The current interest rate is 6.6 percent. Congress sets interest rates on federal loans each year. The interest rate becomes fixed for the life of the loan. Interest accrues and capitalizes upon repayment. There is a 1.062 percent loan origination fee deducted from the principal of the loan at the time of disbursement. Repayment begins 6 months after graduation. The standard repayment period is ten years; however, you could have up to 25-years to repay your loan depending upon the repayment plan that you choose.
Graduate students who are U.S. Citizens or Permanent Residents may qualify for up to the cost of attendance as determined by the school less other financial assistance. You must first apply for your maximum loan eligibility of the Direct Unsubsidized loan before the PLUS can be borrowed. The applicant must not have an adverse credit history. The current interest rate is 7.6 percent. Congress sets interest rates on federal loans each year. The interest rate becomes fixed for the life of the loan. Interest accrues and capitalizes upon repayment. A 4.248 percent origination fee is deducted from the principal of the loan at the time of disbursement. Repayment begins 6-month after graduation. The standard repayment period is ten years; however, you could have up to 25-years to repay your loan depending upon the repayment plan that you choose.
These endowed loan funds are made possible through the generosity of many friends and alums of the school. U.S. Citizens, Permanent Residents, and International Citizens with demonstrated financial need are eligible and will be considered as part of the financial aid process. These loans are interest-free while the student is enrolled at Tuck and 5 percent during the repayment period. There is a three-month grace period prior to repayment and a ten year repayment period.
The terms on which DELC loans are available are set by the corporation and are subject to change. The rate to new borrowers is currently 6.7 percent. The maximum repayment term is ten years. To qualify for a DELC loan, the student must be a credit-worthy U.S. or Canadian citizen or permanent resident, or an international citizen with established positive credit history in the U.S. Depending on financial need, a student may be eligible to borrow up to $65,000 annually from this source over the two years of MBA education. Financial need is determined by the cost of attendance less estimated family contribution. Students may be required to provide a guarantor for their loan approval.
Tuck offers funding options for international citizens attending our MBA program. The program does not require a U.S. co-signer and offers competitive terms. A student is eligible to borrow up to $85,760 annually as determined by a needs analysis using the information provided on the international financial aid application. Our goal in providing the program is to supplement the student’s other financial resources. International students should also investigate all sources of funding from within their home country including government and private scholarships and loans. International students may also be eligible for other types of loans if they have a U.S. cosigner with positive credit history.
U.S based Private Education Loans are available to U.S. citizens and permanent residents who have positive credit history, and to international students with a creditworthy U.S. cosigner. Other private education loan options may be available in non-U.S. countries. If you decide to pursue a private loan, you must apply directly through the lender.
The maximum loan amount you may be eligible to borrow is the cost of attendance less other financial aid received. Each loan requires that Tuck certify the approved loan amount. Loans terms, interest rates and aggregate lending limits will vary by lender.
Tuck does not have preferred arrangements with any private education lenders. Under federal law, you have the right to borrow from the lender of your choice.
To view a comprehensive list of lenders used by Tuck students, visit www.elmselect.com. Select Dartmouth College > MBA.
All rates and terms are subject to change without notice.