Stanford Secures New Loan Source for Internationals
Stanford Graduate School of Business today announced the launch of a new private loan program through Star One Credit Union to provide financial assistance to students admitted to the School’s MBA, PhD, and Sloan Master’s programs. An especially welcome relief to international students, the custom loans, which cover tuition and living expenses, will be available to those without a U.S. co-signer.
“The crisis in the global financial sector had threatened our ability to provide equal access to needed assistance among all our students, who hold passports from more than 50 countries,” said Jack Edwards, director of Financial Aid at Stanford Business School. “By securing this loan program with Star One Credit Union, we are pleased to continue our commitment, unbroken since 1999, to offer loans to international students under similarly favorable terms and competitive rates as those available to domestic students.”
Students, both domestic and international, are eligible for the School’s Nonprofit/Public Service Loan Forgiveness Program, introduced in 1988 to support MBA graduates entering nonprofit and public service organizations where salaries are typically lower. In order to encourage MBA graduates to make meaningful social impact and contribute to social issues, economic growth, and political stability, the loan forgiveness program reduces the financial impact of their educational debt. For more information, click here.
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