Yale School of Management

The Yale SOM Financial Aid Office assists students who apply for the following loans:

Federal Stafford Loans

All U.S. citizens and permanent residents may take out Federal Stafford Loans up to $20,500 per year. Stafford loans have a fixed interest rate of 6.8%.

All Stafford Loans are either subsidized (the government pays the interest while you're in school) or unsubsidized (you pay all the interest). To receive a subsidized Stafford Loan, you must be able to demonstrate financial need.

To apply for a Stafford Loan, please submit the following after January 1, 2010 to the Financial Aid Office:
1. Free Application for Federal Student Aid (FAFSA). Submit on-line at www.fafsa.ed.gov. Have your results sent directly to Yale (Yale University Code: 001426). It will take the processor 3-4 weeks to send your results to Yale.
2. Copy of Your Signed Income Tax Return for 2009. When the FAFSA and tax return are received, the Financial Aid Office will contact you about completing the application process for Federal Stafford Loans, and will also provide information about borrowing the Federal Grad PLUS loan and private loans.

Loans for International Students

Yale SOM is pleased to announce the details of the Yale International Student Loan, which is available to all international students at the School of Management:

Maximum loan: tuition and fees for the academic year, minus any scholarship awarded
(maximum in 2010/11 is $51,000)
No co-signer required
Fixed interest rate of 7.75%
Origination Fee of 5%, subtracted from loan proceeds
10-year repayment period
No payments while you are enrolled
6-month grace period following separation from school
Interest accrues while you are enrolled and during the 6-month grace period and is added to the principal when repayment begins
Interest does not compound while you are enrolled and there is no pre-payment penalty

Please email Karen Wellman with questions regarding this loan.

Private Education and Federal GradPLUS Loans

Private and Federal GradPLUS loans are based on the borrower’s credit history. All U.S. students and international students who already have a U.S. Social Security number and a credit history in the U.S. should obtain a personal credit report and resolve any problems before applying. The following credit-reporting agencies can provide personal credit reports.