Educational Loans

Educational loans provide funds for your educational, living and personal expenses while completing an MBA program.

Loans make it possible to invest in a future of expanded career opportunities, career satisfaction and increased earning power. 

Loans are the most common source of financial assistance for MBA students throughout the U.S.

Direct Unsubsidized Loan

The Direct Unsubsidized Loan is a U.S. federal loan that provides up to to $20,500 per academic year to MBA students who are an eligible U.S. citizen or permanent resident.

Interested students must submit the FAFSA; Free Application for Federal Student Aid.

The interest rate for the Direct Unsubsidized Loan for graduate students is 5.84% for the 2015-16 academic year. The standard repayment period is 10 years, and can be extended to 20 or 30 years. Special repayment benefits include the Income Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF).

Direct Graduate Plus Loan

The Direct Graduate Plus Loan is a U.S. federal loan that provides funding in addition to the Direct Unsubsidized Loan to eligible MBA students who are a U.S citizen or permanent resident. Combining the Unsubsidized and PLUS loans allows MBA students to borrow up to the estimated cost of educational, living and personal expenses while an MBA student.

Interested students must submit the FAFSA; Free Application for Federal Student Aid.

The Direct Graduate Plus Loan is a credit-based loan. The repayment term is 10 years. The interest rate is 6.84% for the 2015-16 academic year. Special repayment benefits include the  Income Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF).

Private Credit-Based Loans for International Students

Private Educational Loans for International Students:  International students may be eligible to borrow through private credit-based U.S. educational loan programs.  Private loans generally require a cosigner who is a U.S. citizen or permanent resident. By applying with a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate).  Contact Shanan Woods at the Willamette University Financial Aid Office for more information. Several common loan programs are: