Types of MBA Loans
There are two types of MBA loans: private and federal. Federal loan payments and usually be deferred until after graduation and interest rates are often lower, but there is a limit to how much you can borrow.
Qualifying for an MBA Loan
To qualify for most MBA loans, you will need to be a permanent US resident or a United States Citizen. You will also need to have a positive credit history. If you have terrible credit or a bad track record with past student loans, you may have a difficult time getting approved for an MBA loan.
Before You Apply
Interest rates and terms can vary on MBA loans. You will want to shop around carefully to make sure you are getting a good deal on your MBA loan.