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NOTIFICATIONFinancing Your MBA
Loans
Michael G. Foster School of Business MBA domestic students (U.S. citizens and permanent residents) may apply for federal loans. Both domestic and international students may apply for a variety of private loans.
Federal Government Loans
Domestic Foster School MBA students may qualify to borrow up to $20,500 per year through the Stafford/Ford (subsidized and unsubsidized) loan programs. If you are offered admission to the MBA Program and your FAFSA is approved, the University of Washington will provide you with a financial aid eligibility letter and a promissory note asking how much of the $20,500 annual maximum you wish to borrow.
The Stafford/Ford programs are based on these eligibility criteria:
- Permanent U.S. residency
- Not in default on a prior federal student loan
- Must have registered for the draft if required by law to do so
Please see the Student Loan Guide for information on eligibility and application for the Stafford/Ford loan program and as well as the Federal Direct Graduate PLUS Loan (GPLUS) loan program.
Private Loans
Private educational loans are available to both domestic and international students through banks and other organizations. Depending on credit worthiness, students may qualify to borrow up to the full cost of attendance minus any financial aid received, as determined by the Office of Student Financial Aid. Please see the Private Loan information on the OSFA website which includes links to sites that provide summaries of private lenders as well as their contact information. To secure a private loan, an applicant must be a U.S. citizen, permanent resident, or have one as a co-signer. International students may also want to investigate private educational loans available from their home countries.