International Student Loan Information
An option to help finance your MBA.
In an effort to make a Simon degree more accessible to top global talent, Simon Business School has a loan available for full-time MBA students that does not require a cosigner.
The no-cosigner loan has a competitive interest rate and will cover up to the full MBA program tuition cost plus fees, minus other financial aid. Aggregate loan limits apply.
Explore the FAQs below for more information on this loan option.
- Who is eligible?
Graduate students in Simon Business School's Full-Time MBA program are eligible for no-cosigner loan consideration. You must be residing in the United States during your program studies to be eligible for the no-cosigner loan.
- How do I indicate interest in the no-cosigner loan?
Applicants are asked one question in the financial aid section of the Simon Business School online application where they can "opt in."
- How much can I borrow?
Students can borrow from $1,000 up to the MBA program tuition cost (less scholarship) plus fees, as determined by the Simon Admissions Office. Aggregate loan limits apply.
- Can I use no-cosigner loan funding as part of my proof of funds when I submit a request for my I-20 to get a student visa?
Yes, you can use the provisional approval letter as proof of funds toward your financial support.
- I received provisional approval for my loan, subject to submission of the I-20 or the F1 visa, which I’ll have to submit to acquire full approval. I don't have my I-20 yet as I am using the provisional approval as proof of financial support. What do I do?
Do not worry. The provisional approval is all you need for proof of financial support for your I-20, and you will not be required to upload a copy of your I-20 to your loan application until after you receive it from the University of Rochester. Once received, you can then upload it to fulfill the document requirement.
- Is the no-cosigner loan option available for living expenses?
The no-cosigner loan is available to cover the MBA program tuition cost (less scholarship) plus fees, but it is not available to cover living expenses. We encourage students to identify other sources of funding to cover personal expenses.