Rochester - Simon to Offer MBA Loans for International Students

Loan amounts to range from $1,000 to the full cost of tuition

The University of Rochester's Simon Business School has announced plans to launch a new MBA loan scheme aimed at international students.

Through the new plan, international students studying for their MBA at the Simon School can receive loan amounts of between $1,000 and the full cost of tuition.

Priority will be given to students with demonstrated financial need.

“Many international students are unable to attend their business school of choice because of the financial barriers,” says Rebekah Lewin, assistant dean for admissions and financial aid.

“Our goal is to remove these barriers and make a Simon education possible for all students who meet our admissions criteria.”

Indeed, traditionally, many loans that help students finance MBA programs in the US are only available to domestic students. This has been changing, with an organization called Prodigy Finance now offering loans for international students studying at select business schools in the US, including Duke University's Fuqua School of Business, Columbia Business School, and the Stanford Graduate School of Business. Through Prodigy Finance, loans are also available for schools in other regions.

The Simon School's announcement comes just months after the school announced that it was cutting the cost of the MBA program's tuition, from $106,440 to $92,000, "to be more aligned with tuition at peer schools." The school says that it provides merit scholarship support to more than half of its full-time MBA students.

Simon's new MBA loan scheme will be available for international MBA students starting study in the fall of 2016.

FIND MBA lists the Simon School as one of the Top 10 Business Schools in New York.

More info:


Image by Jeff Keesom / CC BY-SA 3.0

Comments


Related Business Schools

Rochester, New York 26 Followers 39 Discussions

More MBA News

Jan 27, 2020

The Financial Times Updates Global MBA Ranking for 2020

Jan 27, 2020

More MBA News

MBA Articles

Why MBA Application Declines are Good News for Applicants

Jan 20, 2020

Rocketing acceptance rates, scholarship money and starting salaries for graduates have made it a buyer’s market for MBA degrees

Blurred Lines: Hybrid Online and Campus MBA Courses Come of Age

Dec 10, 2019

Business schools are moving towards a new paradigm, where the physical dimension is not alternative to the digital one; they are integrated

Tech MBAs Help Students Win Big Tech Jobs

Dec 04, 2019

Several business schools have established niche MBAs as demand for technology managers intensifies

More Articles

Related Top 10 Lists

More Top 10 Lists