Loan Overview
Selection Process for Recommended Lenders
The Financial Aid Office will determine which loans to offer you, based on your citizenship status and the information on your financial aid application. Regardless of whether loans are need-based or non-need-based, your total financial aid cannot exceed the cost of attendance. You can borrow up to the cost of attendance minus any financial aid or other resources (i.e., parents, relatives, friends, employers, and other outside sources). Loans at the GSB must be used for educational purposes.
U.S. Citizens and Permanent Residents
U.S. citizens and permanent residents are eligible to borrow funds from Federal Loan Programs. The government restricts these loans to students who are not in default on any previous loans and to students who do not owe a refund to any federal program. Federal loan program terms are subject to change.
The GSB Financial Aid Office allows domestic borrowers (i.e. U.S. Citizens and permanent residents) the option to choose between the Federal Plus Loan for Graduate Students or a private loan. In order to facilitate this process, your award letters will reference these funds as GSB PLUS Loan or Private Loan. Later on, you will be able to customize your own loan package by choosing to borrow from either of the two loan programs.
In addition, the GSB partners with several lenders to provide private educational loans to Business School students. U.S. citizens and permanent residents must first borrow the Federal Perkins Loan and Federal Stafford Loans for which you are eligible before borrowing the Federal Plus Loan for Graduate Students or the Private Nelnet Loan.
International Students
International students attending the GSB will be able to apply for a private loan without the need for a U.S. citizen as a co-signer.