Highlights
- Qualifying students can elect to make interest-only payments upon entering repayment
- Now with an 18-month enrollment window
- Six-month grace period. One-time interest capitalization (interest added to the principal amount) at the end of the grace period.
- Internship deferment of up to 48 months.
- We offer one of the shortest cosigner release qualification periods. Borrowers may apply to release their cosigner from the loan after they graduate, make 12 on-time principal and interest payments, and meet certain credit requirements.
Features
- 15-year repayment term, with no prepayment penalty
- Competitive fixed and variable interest rates
- Flexible in-school or deferred payment options
- Qualified borrowers can receive an APR lower than the Grad Plus
- No origination fee or prepayment penalty
- No aggregate loan limit
The MBA Loan vs the Federal Direct Grad PLUS Loan
The MBA Loan can be a good alternative to the Federal Direct Grad PLUS Loan; and, if you’re highly qualified, you may receive a lower interest rate.
| Our MBA Loan | Direct Grad PLUS Loan | |
|---|---|---|
| Available for less than half-time enrollment | ✔ | |
| Offers variable interest rates | ✔ | |
| Offers fixed interest rates | ✔ | ✔ |
| No origination fee | ✔ | |
| 6-month grace period | ✔ | ✔ |
| Deferred repayment option | ✔ | ✔ |
| Multiple in-school repayment options | ✔ | |
| Rate reduction for auto debit enrollment | ✔ | ✔ |