Frequently Asked Questions
Who is eligible?
International graduate students enrolled or enrolling in the Stanford Graduate School of Business. An international student is defined as a student who is not a U.S. citizen or U.S. permanent resident, and requires a visa for entry to the United States. Necessary documentation includes one of the following:
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F-1 visa and I-20, I-94 and a valid passport with photo
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J-1 visa and form DS-2019, I-94 and a valid passport with photo
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HI-B visa along with a letter from your employer confirming employment, I-94 and a valid passport with photo
What is the interest rate on my line-of-credit and how is it determined?
Please see the interest rates section.
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0.25% rate discount for optional enrollment in automatic electronic payment during repayment
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0.50% rate discount for having a U.S. co-borrower at the time of origination
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Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate
What are the repayment terms?
While in school, you may choose to:
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Make interest-only payments
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Defer both principal and interest
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Make full principal and interest payments
Once your six (6) month grace period ends, your loan will enter repayment based on the terms outlined below. You may elect for graduated repayment at this time - lowering your monthly loan payments for the first two (2) years after starting repayment - which may be a valuable benefit if you are just beginning a new career and managing a tight budget.
Variable Rate Option: the repayment term is 20 years if your principal balance at repayment is $40,000 or less, and 25 years if your principal balance at repayment is more than $40,000.
Fixed Rate Option: the repayment schedule is fixed at 10 years regardless of the amount you borrow. Full repayment begins at the end of the grace period, unless full repayment is selected during enrollment.
How do I apply?
Apply now and receive instant line of credit approval.
Or, call 866-614-7842 (dial 248-598-2376 from outside the United States)
to apply by phone. Representatives are available 24 hours a day, 7 days a week to accept applications and answer your questions.
Once I have established my line-of-credit (documents have been signed and funds disbursed), how do I request additional advances from my line-of-credit in the future?
For your second academic year, as a returning borrower with an existing line-of-credit, you do NOT need to complete an entirely new application to request additional funds. Simply apply for additional funds from your existing line-of-credit.