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Washington University in St Louis Olin Business School

Olin Business SchoolOlin Business School

Types of Loans

Unsubsidized Stafford Loan

This federal student loan enables graduate students to borrow up to $20,500 per academic year, with an aggregate loan limit of $138,500 (undergraduate and graduate combined). Your eligibility for a Stafford loan is determined by the results of your FAFSA application. Origination fees are charged at disbursement and you have a six-month grace period before your loan payments begin. You’re responsible for the interest that accrues while you’re enrolled in school and during the grace period.

Graduate PLUS Loan

Students use Federal Graduate PLUS loans to cover up to 100 percent of the total cost of their graduate education (tuition, books, food, housing, and transportation) minus other financial aid they've been awarded. Origination fees are charged at disbursement and you have a six-month deferment period before your loan payments begin. You’re responsible for the interest that accrues while you’re enrolled in school and during the deferment period.

You must file the FAFSA (Free Application for Federal Student Aid) to be eligible.

Before you can borrow funds from a Graduate PLUS Loan, you must accept all Stafford Loans for which you’re eligible.

A standard credit analysis is required to determine your eligibility.

Alternative loans

Alternative Loans are private bank loans designed specifically for graduate business students. The interest rate on these loans generally is tied to the 90-day LIBOR rate, the 91-day Treasury bill, or the prime rate.

A standard commercial credit analysis is required before your eligibility can be determined.

The bank offering the loan establishes loan characteristics and eligibility requirements. Many lenders allow you to complete their loan applications online. Be sure to review the terms and conditions of the specific loan program before borrowing funds. The option is available to both domestic and international students. Credit-worthy U.S. citizens or permanent residents must co-sign loans for international students, however.