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Custom Loan Program for International Graduate Students
at the Stanford Graduate School of Business

Key Features of Our Program

  • Variable rate of 7.25% APR1
  • Fixed rate of 8.75% APR1
    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
    • 0.50% rate discount for having a U.S. co-borrower at the time of origination
    • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate
  • Apply once and secure financing for your entire graduate studies with unique line of credit structure2
  • Available to international students (students who are not U.S. citizens or U.S. permanent residents, and require a visa for entry to the United States)
  • Flexible repayment options, including full deferment of payments while in school
  • Variable Rate Option: 20 or 25 year repayment period, depending on principal balance when entering repayment – or repay early at anytime with NO penalty
  • 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.
  • Optional graduated repayment which provides lower payments during the first two years of repayment
  • A loan from a not-for-profit credit union - a lender relationship you can trust

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    Maximum borrowing amounts vary depending on field of study. View your program borrowing limits.

     

    1. APR = Annual Percentage Rate
    2. Subject to credit qualification and annual credit review. Must meet school's Satisfactory Academic Progress (SAP) requirements.
    3. Approved programs subject to change

    Borrowing Limits

    Students can borrow from $1,000 up to the cost of attendance less any other aid received. The total amount the student can borrow throughout their graduate college career is dependent upon education program – see below. Please note, co-borrowers may only sign on multiple lines of credit up to $230,000.

    The University will certify the requested loan amount with the credit union.

     

    Educational Program
    		Annual Loan Limit Maximum Loan Limit

    MBA - 1st Year Student

    		 $115,000 $230,000

    MBA – 2nd Year Student

    		 Remaining Balance (no more than max limit)

    Stanford MSx – 1st Year Student

    		 $230,000 $230,000

     

     

    Ready to get started? Apply Now

    Interest Rates

    Variable Rate

    The Annual Percentage Rate (APR) for our graduate private education line of credit is variable1 and is based on the Prime index2 plus a margin.

    The current offered rate3 is 7.25% APR

    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
    • 0.50% rate discount for having a U.S. co-borrower at the time of origination
    • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate

    Your Interest Rate4 is calculated by adding the Index plus a Margin5, subject to a minimum APR (Floor). The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

     

    Fixed Rate

    The Annual Percentage Rate (APR) for our graduate private education line is fixed6 for the life of the loan.

    The current offered rate7 is 8.75% APR

    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
    • 0.50% rate discount for having a U.S. co-borrower at the time of origination
    • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate

     All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

     

    Rate Disclosures

    1. The Annual Percentage Rate is subject to increase after consummation. Your Interest Rate is variable and may be adjusted quarterly on each January 1, April 1, July 1 and October 1 (Adjustment Date) based on the Prime Indez as published in the Wall Street Journal on the first business day of the month immediately prior to the Adjustment Date (e.g., December, March, June and September). Any increase in the Index may increase the APR and the amount of your monthly payment.

    2. The "Index" for the quarter beginning October 1st, 2019, is 5.25%, which was the Prime index (Index) published in the Wall Street Journal on the first business day of September 2019

    3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

    4. The APR will not exceed 18.00%, or fall below the Floor rate regardless of the Index. Any increase in the Index may increase the APR and the amount of your monthly payment.

    5. Margin will be disclosed at account opening. 

    6. Your interest rate is fixed and your rate and/or credit approval depends upon the credit qualifications of the student borrower or coborrower (if applicable).

    7. Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy coborrower which may result in a better chance of approval and/or lower interest rate.

    *If you set up auto-payments through the loan servicer, you may further reduce your rate by 0.25% when you select full repayment of principal and interest while in school or during the repayment period. However, the rate will not be reduced below any floor rate.

    Ready to get started? Apply Now

    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:

    • F-1 visa and I-20, I-94 and a valid passport with photo

    • J-1 visa and form DS-2019, I-94 and a valid passport with photo

    • 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. 

    • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
    • 0.50% rate discount for having a U.S. co-borrower at the time of origination
    • 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:

    • Make interest-only payments
    • Defer both principal and interest
    • 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.

     

     

    Ready to get started? Apply Now

     

     

     

     

    Apply Now

    Rates_Icon FAQ Eligibility
    Rates FAQ Eligibility

     

    Apply Now

     

     

    For assistance with opening a new private education line of credit, or to request additional funds from an existing line of credit, please call: 866-614-7842 (dial 248-598-2376 from outside the United States)

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