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School-Based Loans 
for 
MBA Students
 
 (3) School-Based Loans

 

School-based loans are usually the source of last resort.  It isn’t that the terms are so bad, it’s just that federal and private loans are so readily available that schools don’t like to maintain (and service) school-based loan funds.  Loan money is available, though, at most business schools, and you may want to take advantage of it.

Because full-time B-school students can work only in the summer, they often run short of money in the spring.  If that happens to you, don’t be shy about approaching your school’s financial aid office for a short-term loan.  Most top schools have loan funds available for such emergencies or for other short-term needs. 

Interest rates and fees will vary from school to school, but you’re sure to get a good deal compared to conventional lenders (and you might even get a grant from the emergency fund if you grovel well).

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4. Private Loans

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