Haas School of Business, University of California Berkeley has secured multiple loan options for international students that do not require a co-signer (“risk-share” loans).

Risk-share lenders were selected based on their ability to make loans at reasonable rates

The combined borrowing capacity for the risk-share loan options below is $64,000 for the 2017-18 academic year ($62,000 for the 2016-17 academic year).

Students are not responsible for making loan payments on risk-share loans while enrolled in at least 6 units or during the grace period.

The grace period commences after graduation, or after dropping below 6 units. Borrowers of these risk-share loans are expected to maintain a cumulative 3.0 GPA to be eligible for loan disbursement.

MBA students: your borrowing capacity is only half the maximum in your final fifth semester.

Loan maximums will be the lowest of either

the total cost of attendance minus other expected financial aid
OR
the loan maximum for the loan program

Risk-Share Lenders for Haas Students

2017-2018 Elements Financial

Maximum: $32,000 per term
3% Fee, added to the principal
Prime + 3.5% interest rate (7% as of June 2016)
6 month Grace Period
20 year repayment options, No pre-payment penalties
Visa documentation is required. Their office will facilitate this process.
0.25% interest rate reduction for auto-debit payments when in repayment period

2017-2018 Discover Custom Graduate Loan

Maximum: $32,000 per term
Zero Fees
3-month LIBOR + 6.99% interest rate (starting rate currently 8.24% APR as of April 1, 2017)
9 month Grace Period
20 year repayment, No pre-payment penalties
Visa documentation is required. Coordinate with Discover Student Loans.
0.25% interest rate reduction for auto-debit payments when in repayment period
A negative credit history could affect approval

If you need assistance during the loan process, please call their dedicated Custom Graduate Loan customer service number at 1-800-973-5145

Contact-

Haas School of Business
2220 Piedmont Ave, Berkeley, CA 94720, USA