{"id":27072,"date":"2020-03-13T13:15:09","date_gmt":"2020-03-13T07:45:09","guid":{"rendered":"https:\/\/e-gmat.com\/blogs\/?p=27072"},"modified":"2022-11-25T13:06:00","modified_gmt":"2022-11-25T07:36:00","slug":"education-loan-mba-usa","status":"publish","type":"post","link":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/","title":{"rendered":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story"},"content":{"rendered":"<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">A <\/span> <span class=\"rt-time\">6<\/span> <span class=\"rt-label rt-postfix\">min read <\/span><\/span>\n<p>Thousands of international students will attend a university in the United States for their MBA. After researching and preparing for the admissions process, many students will need to answer the next big question for successfully enrolling in an MBA program. How will I pay for my MBA in the US?<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"1024\" height=\"546\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1024x546.jpg\" alt=\"How to get MBA student Loan to study in the US\" class=\"wp-image-27082\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1024x546.jpg 1024w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-300x160.jpg 300w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-768x409.jpg 768w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1200x640.jpg 1200w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg 1272w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Some are lucky enough to have personal funds, company sponsorships, or scholarships to cover their cost of attendance or a portion of it. However, many international students are left looking for other sources of funding, especially as the <a href=\"https:\/\/e-gmat.com\/blogs\/how-much-does-mba-cost-tips-reduce-mba-cost\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">cost of attendance<\/a> can be quite substantial for the top business school MBA programs.<\/p>\n\n\n<div class=\"ub_table-of-contents\" data-showtext=\"show\" data-hidetext=\"hide\" data-scrolltype=\"auto\" id=\"ub_table-of-contents-fa952358-fe39-42c7-893a-9fe27fd9a7f8\" data-initiallyhideonmobile=\"false\"\n                    data-initiallyshow=\"true\"><div class=\"ub_table-of-contents-header-container\"><div class=\"ub_table-of-contents-header\">\n                    <div class=\"ub_table-of-contents-title\">For easy navigation of the article:<\/div><\/div><\/div><div class=\"ub_table-of-contents-extra-container\"><div class=\"ub_table-of-contents-container ub_table-of-contents-1-column \"><ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#0-education-loan-for-mba\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Education loan for MBA<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#1-also-see-information-regarding-f1-student-visa-for-mba-in-us\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Information regarding F1 Student Visa for MBA in US<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#2-ajay%E2%80%99s-story-of-getting-a-loan-for-mba\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Ajay\u2019s story of getting a loan for MBA<\/a><ul><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#3-estimated-the-loan-amount-needed-to-meet-his-requirements\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Estimated the loan amount needed to meet his requirements<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#4-got-in-touch-with-nomad-credit\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Got in touch with Nomad Credit<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#5-understood-the-type-of-mba-loan-options-he-is-eligible-for\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Understood the type of MBA loan options he is eligible for<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#6-understood-if-he-qualifies-for-a-us-cosigner-loan-option\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Understood if he qualifies for a US Cosigner loan option<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#9-received-the-mba-loan-approval\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Received the MBA loan approval<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#10-obtained-an-approval-letter-from-the-lender-to-use-to-have-his-i-20-processed\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Obtained an approval letter from the lender to use to have his I-20 processed<\/a><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#11-appeared-for-the-visa-interview-and-received-his-f-1-visa\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Appeared for the visa interview and received his F-1 visa<\/a><\/li><\/ul><\/li><li><a href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#12-are-you-looking-for-a-loan-to-finance-your-us-mba-program\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Are you looking for a loan to finance your US MBA program?<\/a><\/li><\/ul><\/div><\/div><\/div>\n\n\n<h2 id=\"0-education-loan-for-mba\">Education loan for MBA<\/h2>\n\n\n\n<p>One such funding source that may be available to international MBA students is a student loan option. There are lenders in the United States and India that can lend to international MBA students. These options include those that may require a cosigner; however, no cosigner options do exist for eligible programs that may cover up to the full cost of attendance.<\/p>\n\n\n\n<h2 id=\"1-also-see-information-regarding-f1-student-visa-for-mba-in-us\">Also see &#8211; Information regarding F1 Student Visa for MBA in US<\/h2>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"F1 student visa 2021 - Process, interview questions, tips and important documents\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/T_F74uVnlek?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 id=\"2-ajay%E2%80%99s-story-of-getting-a-loan-for-mba\">Ajay\u2019s story of getting a loan for MBA<\/h2>\n\n\n\n<p>Ajay was such a student searching for a funding solution. He was looking at a significant shortfall of funds. This shortfall was the only thing coming in between him and his conformed admission offer from a US business school.<\/p>\n\n\n\n<p>Here is how Ajay successfully received the loan amount and enrolled in his MBA program:<\/p>\n\n\n\n<ol><li>Estimated the amount needed to meet his requirements<\/li><li>Got in touch with <a href=\"https:\/\/www.nomadcredit.com\/?referral_source=egmat_success_story\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Nomad Credit<\/a><\/li><li>Understood the type of loan options he is eligible for<\/li><li>Understood if he qualifies for a US Cosigner loan option<\/li><li>Contacted the US cosigner with guidance from Nomad Credit<\/li><li>Received the MBA loan approval<\/li><li>Obtained an approval letter to have his I-20 processed<\/li><li>Appeared for the visa interview and received his F-1 visa<\/li><\/ol>\n\n\n\n<p>Let\u2019s understand in detail what he did for every step:<\/p>\n\n\n\n<h3 id=\"3-estimated-the-loan-amount-needed-to-meet-his-requirements\">Estimated the loan amount needed to meet his requirements<\/h3>\n\n\n\n<p>Ajay was staring at a shortfall of approximately $120,000 that was needed for the upcoming academic year at a Top-10 ranked U.S. business school MBA program.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"500\" height=\"334\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1.jpg\" alt=\"Estimate your MBA Loan\" class=\"wp-image-27077\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1.jpg 500w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-1-300x200.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p>Not only that, but he also had an upcoming deadline to meet that required him to obtain funding quickly for him to enroll for the upcoming semester.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Did you know a\u00a0<a href=\"https:\/\/e-gmat.com\/blogs\/a-gmat-score-of-730-yields-incremental-500k-in-roi\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">GMAT score of 730+ yields incremental $500K in ROI<\/a>? Start your GMAT Preparation by\u00a0<a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Signing up for our FREE Trial<\/a>\u00a0and get access to FREE online GMAT preparation resources. We are the\u00a0<a href=\"https:\/\/gmatclub.com\/reviews\/e-gmat-6\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">most reviewed GMAT preparation company on GMATClub<\/a>\u00a0with more than 2400 reviews.<\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-5dc7fd81-15d1-4abc-92a8-ffc13dcfeb1b\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium ub-button-flex-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Get free GMAT resources<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<p><\/p>\n\n\n\n<h3 id=\"4-got-in-touch-with-nomad-credit\">Got in touch with Nomad Credit<\/h3>\n\n\n\n<p>After hearing about <a href=\"https:\/\/www.nomadcredit.com\/?referral_source=egmat_success_story\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Nomad Credit<\/a>, Ajay came to them looking for help in finding a loan option that would be for the amount he needed and be processed quickly enough for his deadline.<\/p>\n\n\n\n<p>Their resident loan option specialist scheduled a personal 1-on-1 consultation to learn precisely what his needs were and to explain to him his possible loan options based on his academic and financial profile.<\/p>\n\n\n\n<h3 id=\"5-understood-the-type-of-mba-loan-options-he-is-eligible-for\">Understood the type of MBA loan options he is eligible for<\/h3>\n\n\n\n<p>As they learned about Ajay\u2019s MBA program and business school, they shared that he would be potentially eligible for multiple no cosigner student loan options from various lenders. Further, he could qualify for a U.S. cosigner loan option from lenders based in the U.S., if he had an eligible U.S. cosigner.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"500\" height=\"291\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-2-e1584085288956.jpg\" alt=\"Types of MBA Loans\" class=\"wp-image-27078\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-2-e1584085288956.jpg 500w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-2-e1584085288956-300x175.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p>Ajay\u2019s case was atypical as his first academic term started in the summer. Due to this reason, he would be unable to take a single loan option to cover the full upcoming year\u2019s cost. Often, U.S. lenders are only able to lend within an academic year framework, which typically starts in the Fall semester and ends either in the Spring or Summer semester.<\/p>\n\n\n\n<p><u>Thus, they explained to Ajay that he would need to apply for two loan options to cover approximately $120,000 \u2013 a loan option for the Summer 2019 academic period and a loan option for the Fall 2019 &#8211; Spring 2020 academic period<\/u>.<\/p>\n\n\n\n<h3 id=\"6-understood-if-he-qualifies-for-a-us-cosigner-loan-option\">Understood if he qualifies for a US Cosigner loan option<\/h3>\n\n\n\n<p>As Nomad Credit\u2019s team spoke with Ajay further to learn his financial profile and cosigner capabilities, they learned that he had a close family friend who might be a potential U.S. cosigner.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"500\" height=\"334\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-3.jpg\" alt=\"Student loan with US Cosigner\" class=\"wp-image-27079\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-3.jpg 500w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-3-300x200.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<h4 id=\"7-who-is-a-potential-us-cosigner-for-an-education-loan\">Who is a potential US Cosigner for an education loan?<\/h4>\n\n\n\n<p>A potential cosigner is a creditworthy U.S. Citizen or permanent resident (green card holder), who is willing to cosign a loan option.<\/p>\n\n\n\n<h4 id=\"8-us-cosigner-education-loan-for-mba\">US Cosigner education loan for MBA<\/h4>\n\n\n\n<p>This development opened up the U.S. cosigner loan option, which typically can cover the full cost of attendance, usually does not have any processing fees or prepayment penalties, and generally can have lower interest rates than no cosigner loan options.<\/p>\n\n\n\n<p>They spoke with the cosigner to answer any questions they had about the process and his responsibilities as a cosigner, and then he gave the go-ahead to cosign the loan option. Ajay decided to move forward with the application process for a U.S. cosigner loan option, as the no cosigner options either would not cover enough of the cost of attendance or likely be a higher interest rate than a U.S. cosigner loan option.<\/p>\n\n\n\n<h3 id=\"9-received-the-mba-loan-approval\">Received the MBA loan approval<\/h3>\n\n\n\n<p>Even though Ajay had to break his funding into two loan options and only needed approximately $45,000 for the Summer term (first loan), they explained to him that by applying for the full $120,000, if approved, it may allow him to show his university that he would have the full funding needed and confirm that his cosigner would likely be eligible for the full amount spread over two loan options.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"500\" height=\"334\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-4.jpg\" alt=\"Student MBA Loan approved\" class=\"wp-image-27080\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-4.jpg 500w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-4-300x200.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p>Ajay applied and was successfully approved for the full $120,000 at a rate and repayment terms that he and his cosigner were happy with.<\/p>\n\n\n\n<h3 id=\"10-obtained-an-approval-letter-from-the-lender-to-use-to-have-his-i-20-processed\">Obtained an approval letter from the lender to use to have his I-20 processed<\/h3>\n\n\n\n<p>Next, Nomad Credit explained how he could obtain an approval letter from the lender to use to have his I-20 processed. The school approved it as a source of funds, allowing him to proceed to the visa interview process.<\/p>\n\n\n\n<h3 id=\"11-appeared-for-the-visa-interview-and-received-his-f-1-visa\">Appeared for the visa interview and received his F-1 visa<\/h3>\n\n\n\n<p>As part of Nomad Credit\u2019s service, they provided a visa interview consultation to help prepare him for the visa interview. They helped him be ready to answer any questions that may arise with having a U.S. loan option as proof of funds. The interview went off without a hitch, and he received his <a href=\"https:\/\/e-gmat.com\/blogs\/f-1-student-visa-usa-everything-you-need-to-know\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">F-1 visa<\/a> for his university.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"500\" height=\"331\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-5.jpg\" alt=\"F1 Visa after student loan for MBA\" class=\"wp-image-27081\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-5.jpg 500w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA-5-300x199.jpg 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure>\n\n\n\n<p>From there, they helped Ajay finalize the loan option process. Receiving just approximately $45,000 for the summer 2019 academic period, he needed to apply again for the Fall 2019 \u2013 Spring 2020 academic period for the remaining approximately $75,000.<\/p>\n\n\n\n<p>He successfully gained approval for the second academic period and enrolled in his top-ranked MBA program, his funding sorted with a loan amount and interest rate that he was happy with.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\"><p>Did you know a&nbsp;<a href=\"https:\/\/e-gmat.com\/blogs\/a-gmat-score-of-730-yields-incremental-500k-in-roi\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">GMAT score of 730+ yields incremental $500K in ROI<\/a>? Start your GMAT Preparation by&nbsp;<a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noreferrer noopener external\" data-wpel-link=\"external\">Signing up for our FREE Trial<\/a>&nbsp;and get access to FREE online GMAT preparation resources. We are the&nbsp;<a href=\"https:\/\/gmatclub.com\/reviews\/e-gmat-6\" target=\"_blank\" rel=\"noopener noreferrer external\" data-wpel-link=\"external\">most reviewed GMAT preparation company on GMATClub<\/a>&nbsp;with more than 2400 reviews.<\/p><\/blockquote>\n\n\n<div class=\"ub-buttons align-button-center\"  id=\"ub-button-11386408-69a5-4ccb-86e3-a8c81d61fca9\"><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/sign-up-free-trial\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium ub-button-flex-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 512, 512\"><path fill=\"currentColor\" d=\"M256 0C114.6 0 0 114.6 0 256c0 141.4 114.6 256 256 256s256-114.6 256-256C512 114.6 397.4 0 256 0zM406.6 278.6l-103.1 103.1c-12.5 12.5-32.75 12.5-45.25 0s-12.5-32.75 0-45.25L306.8 288H128C110.3 288 96 273.7 96 256s14.31-32 32-32h178.8l-49.38-49.38c-12.5-12.5-12.5-32.75 0-45.25s32.75-12.5 45.25 0l103.1 103.1C414.6 241.3 416 251.1 416 256C416 260.9 414.6 270.7 406.6 278.6z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Get free GMAT resources<\/span>\n    <\/div><\/a><\/div><div class=\"ub-button-container\">\n    <a href=\"https:\/\/resources.e-gmat.com\/take-sigma-x-mock\" target=\"_blank\" rel=\"noopener noreferrer external\" class=\"ub-button-block-main ub-button-medium\" role=\"button\" data-wpel-link=\"external\">\n    <div class=\"ub-button-content-holder\"><span class=\"ub-button-icon-holder\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\"height=\"30\", width=\"30\"viewBox=\"0, 0, 448, 512\"><path fill=\"currentColor\" d=\"M246.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L178.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C47.63 444.9 55.81 448 64 448s16.38-3.125 22.62-9.375l160-160C259.1 266.1 259.1 245.9 246.6 233.4zM438.6 233.4l-160-160c-12.5-12.5-32.75-12.5-45.25 0s-12.5 32.75 0 45.25L370.8 256l-137.4 137.4c-12.5 12.5-12.5 32.75 0 45.25C239.6 444.9 247.8 448 256 448s16.38-3.125 22.62-9.375l160-160C451.1 266.1 451.1 245.9 438.6 233.4z\"><\/svg><\/span><span class=\"ub-button-block-btn\">Take a free mock<\/span>\n    <\/div><\/a><\/div><\/div>\n\n\n<p><\/p>\n\n\n\n<h2 id=\"12-are-you-looking-for-a-loan-to-finance-your-us-mba-program\">Are you looking for a loan to finance your US MBA program?<\/h2>\n\n\n\n<p>If you are looking for a loan option to pursue an MBA in the United States, here are a few things you should keep in mind:<\/p>\n\n\n\n<ul><li>Understanding all of the potential loan options that may be available to you &#8211; there are lenders in the U.S. and India that can have vastly different interest rates, loan amounts, and cosigner requirements based on your university choice, program of study, and financial profile<\/li><li>Choosing to apply to the potential eligible loan option that fits your funding needs<\/li><li>Navigating the loan option process through potential loan approval, I-20 obtainment, visa approval, and enrollment<\/li><\/ul>\n\n\n\n<p><strong>About the author<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img loading=\"lazy\" width=\"200\" height=\"300\" src=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/Nomad-Credit-Nate-MBA-Loan-Consultant-200x300.jpg\" alt=\"\" class=\"wp-image-27083\" srcset=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/Nomad-Credit-Nate-MBA-Loan-Consultant-200x300.jpg 200w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/Nomad-Credit-Nate-MBA-Loan-Consultant-683x1024.jpg 683w, https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/Nomad-Credit-Nate-MBA-Loan-Consultant.jpg 703w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/><\/figure>\n\n\n\n<p>Nathan Treadwell is a U.S.-based executive at&nbsp;<a href=\"https:\/\/www.nomadcredit.com\/?referral_source=egmat_success_story\" data-wpel-link=\"external\" target=\"_blank\" rel=\"external noopener noreferrer\">Nomad Credit<\/a>, a marketplace for international student lending options, who leads the U.S.- based loan option team. He has overseen hundreds of international graduate students search for their student loan options for study in the U.S. For more information about Nomad Credit and your potential student loan options, please contact&nbsp;<a href=\"mailto:help@nomadcredit.com\">help@nomadcredit.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thousands of international students will attend a university in the United States for their MBA. After researching and preparing for the admissions process, many students will need to answer the next big question for successfully enrolling in an MBA program. How will I pay for my MBA in the US? Some are lucky enough to [&hellip;]<\/p>\n","protected":false},"author":102406,"featured_media":27082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ub_ctt_via":""},"categories":[113,11712],"tags":[],"featured_image_src":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","author_info":{"display_name":"Suheb Hussain","author_link":"https:\/\/e-gmat.com\/blogs\/author\/syede-gmat-com\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.1.1 (Yoast SEO v17.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story\" \/>\n<meta property=\"og:description\" content=\"Thousands of international students will attend a university in the United States for their MBA. After researching and preparing for the admissions process, many students will need to answer the next big question for successfully enrolling in an MBA program. How will I pay for my MBA in the US? Some are lucky enough to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/\" \/>\n<meta property=\"og:site_name\" content=\"e-GMAT Blog | Best GMAT blog on the planet\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/E-Gmat-499275643430980\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-13T07:45:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-25T07:36:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1272\" \/>\n\t<meta property=\"og:image:height\" content=\"678\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@e_GMAT\" \/>\n<meta name=\"twitter:site\" content=\"@e_GMAT\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Suheb Hussain\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/#organization\",\"name\":\"e-GMAT\",\"url\":\"https:\/\/e-gmat.com\/blogs\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/E-Gmat-499275643430980\",\"https:\/\/www.linkedin.com\/in\/rajat-sadana-ba459a\/\",\"https:\/\/www.youtube.com\/user\/eGMATconcepts\",\"https:\/\/twitter.com\/e_GMAT\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2018\/04\/logo-full.png\",\"contentUrl\":\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2018\/04\/logo-full.png\",\"width\":908,\"height\":802,\"caption\":\"e-GMAT\"},\"image\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/#website\",\"url\":\"https:\/\/e-gmat.com\/blogs\/\",\"name\":\"e-GMAT Blog | Best GMAT blog on the planet\",\"description\":\"Prepare for your GMAT and MBA journey\",\"publisher\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/e-gmat.com\/blogs\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg\",\"contentUrl\":\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg\",\"width\":1272,\"height\":678,\"caption\":\"How to get MBA student Loan to study in the US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage\",\"url\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/\",\"name\":\"How to get a student loan for an MBA in USA \\u2013 Ajay\\u2019s Story\",\"isPartOf\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage\"},\"datePublished\":\"2020-03-13T07:45:09+00:00\",\"dateModified\":\"2022-11-25T07:36:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/e-gmat.com\/blogs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"MBA Admissions\",\"item\":\"https:\/\/e-gmat.com\/blogs\/news\/mba-admissions\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"How to get a student loan for an MBA in USA \\u2013 Ajay\\u2019s Story\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage\"},\"author\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/#\/schema\/person\/65074f3589500ba4a5439bbe6d0f8640\"},\"headline\":\"How to get a student loan for an MBA in USA \\u2013 Ajay\\u2019s Story\",\"datePublished\":\"2020-03-13T07:45:09+00:00\",\"dateModified\":\"2022-11-25T07:36:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage\"},\"wordCount\":1402,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/#organization\"},\"image\":{\"@id\":\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg\",\"articleSection\":[\"MBA Admissions\",\"MBA Scholarships\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/#\/schema\/person\/65074f3589500ba4a5439bbe6d0f8640\",\"name\":\"Suheb Hussain\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/e-gmat.com\/blogs\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/43afe4df7ee689e5ba5a489ab28ef5b1?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/43afe4df7ee689e5ba5a489ab28ef5b1?s=96&d=blank&r=g\",\"caption\":\"Suheb Hussain\"},\"url\":\"https:\/\/e-gmat.com\/blogs\/author\/syede-gmat-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/","og_locale":"en_US","og_type":"article","og_title":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story","og_description":"Thousands of international students will attend a university in the United States for their MBA. After researching and preparing for the admissions process, many students will need to answer the next big question for successfully enrolling in an MBA program. How will I pay for my MBA in the US? Some are lucky enough to [&hellip;]","og_url":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/","og_site_name":"e-GMAT Blog | Best GMAT blog on the planet","article_publisher":"https:\/\/www.facebook.com\/E-Gmat-499275643430980","article_published_time":"2020-03-13T07:45:09+00:00","article_modified_time":"2022-11-25T07:36:00+00:00","og_image":[{"width":1272,"height":678,"url":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","path":"\/100gDisk\/blogs60\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","size":"full","id":27082,"alt":"How to get MBA student Loan to study in the US","pixels":862416,"type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_creator":"@e_GMAT","twitter_site":"@e_GMAT","twitter_misc":{"Written by":"Suheb Hussain","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/e-gmat.com\/blogs\/#organization","name":"e-GMAT","url":"https:\/\/e-gmat.com\/blogs\/","sameAs":["https:\/\/www.facebook.com\/E-Gmat-499275643430980","https:\/\/www.linkedin.com\/in\/rajat-sadana-ba459a\/","https:\/\/www.youtube.com\/user\/eGMATconcepts","https:\/\/twitter.com\/e_GMAT"],"logo":{"@type":"ImageObject","@id":"https:\/\/e-gmat.com\/blogs\/#logo","inLanguage":"en-US","url":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2018\/04\/logo-full.png","contentUrl":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2018\/04\/logo-full.png","width":908,"height":802,"caption":"e-GMAT"},"image":{"@id":"https:\/\/e-gmat.com\/blogs\/#logo"}},{"@type":"WebSite","@id":"https:\/\/e-gmat.com\/blogs\/#website","url":"https:\/\/e-gmat.com\/blogs\/","name":"e-GMAT Blog | Best GMAT blog on the planet","description":"Prepare for your GMAT and MBA journey","publisher":{"@id":"https:\/\/e-gmat.com\/blogs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/e-gmat.com\/blogs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage","inLanguage":"en-US","url":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","contentUrl":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","width":1272,"height":678,"caption":"How to get MBA student Loan to study in the US"},{"@type":"WebPage","@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage","url":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/","name":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story","isPartOf":{"@id":"https:\/\/e-gmat.com\/blogs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage"},"datePublished":"2020-03-13T07:45:09+00:00","dateModified":"2022-11-25T07:36:00+00:00","breadcrumb":{"@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/e-gmat.com\/blogs\/"},{"@type":"ListItem","position":2,"name":"MBA Admissions","item":"https:\/\/e-gmat.com\/blogs\/news\/mba-admissions\/"},{"@type":"ListItem","position":3,"name":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story"}]},{"@type":"Article","@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#article","isPartOf":{"@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage"},"author":{"@id":"https:\/\/e-gmat.com\/blogs\/#\/schema\/person\/65074f3589500ba4a5439bbe6d0f8640"},"headline":"How to get a student loan for an MBA in USA \u2013 Ajay\u2019s Story","datePublished":"2020-03-13T07:45:09+00:00","dateModified":"2022-11-25T07:36:00+00:00","mainEntityOfPage":{"@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#webpage"},"wordCount":1402,"commentCount":1,"publisher":{"@id":"https:\/\/e-gmat.com\/blogs\/#organization"},"image":{"@id":"https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#primaryimage"},"thumbnailUrl":"https:\/\/e-gmat.com\/blogs\/wp-content\/uploads\/2020\/03\/education-loan-MBA-USA.jpg","articleSection":["MBA Admissions","MBA Scholarships"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/e-gmat.com\/blogs\/education-loan-mba-usa\/#respond"]}]},{"@type":"Person","@id":"https:\/\/e-gmat.com\/blogs\/#\/schema\/person\/65074f3589500ba4a5439bbe6d0f8640","name":"Suheb Hussain","image":{"@type":"ImageObject","@id":"https:\/\/e-gmat.com\/blogs\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/43afe4df7ee689e5ba5a489ab28ef5b1?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/43afe4df7ee689e5ba5a489ab28ef5b1?s=96&d=blank&r=g","caption":"Suheb Hussain"},"url":"https:\/\/e-gmat.com\/blogs\/author\/syede-gmat-com\/"}]}},"_links":{"self":[{"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/posts\/27072"}],"collection":[{"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/users\/102406"}],"replies":[{"embeddable":true,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/comments?post=27072"}],"version-history":[{"count":0,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/posts\/27072\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/media\/27082"}],"wp:attachment":[{"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/media?parent=27072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/categories?post=27072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-gmat.com\/blogs\/wp-json\/wp\/v2\/tags?post=27072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}