Other Loan Options
The Financial Aid Office does not endorse these products, but provides this information as an alternative resource to help you fund your MBA education.
GreenNote Loans:
GreenNote helps put students together with relatives, friends, and other community members to acquire student loans for as little as $100. GreenNote helps package everything into legally binding loans, and manages the process from beginning to end.
Loan rates may be less than what is available from other private loans. Those who do loan money to students will receive a reasonable return on their investment while assisting the student go to school.
https://loans.greennote.com/
Loan Details:
- Fixed interest rate currently set at 6.8%
- Repayment term of 10 years
- Payments deferred up to 5 years
- May be used for any post-secondary educational institution; proof of enrollment is required
- Can be borrowed up to the cost of attendance, minus other aid received
- Grace period of 6 months
- Interest accumulates while your payments are deferred and is capitalized to the principal at repayment
- No prepayment penalties
- Repayment will be principal and interest
- Documentation fee of 2% (minimum of $49)
- Annual lender administration fee of 1%
