MBA Student Loans

  • Covers up to 100% of the costs1 of an MBA degree2
  • Flexible repayment options to fit with your monthly budget
  • Pursue your business education goals without stressing how to pay for your degree
mba loan

Here's our current MBA student loan interest rates:

Variable rates

5.59%

to 14.49% APR

Fixed rates

4.11%

to 14.49% APR

(all rates shown include auto-pay discount)3

Repayment Options

Who’s happy with one-size-fits-all? No one. That’s why we offer the most choices.

If paying less interest matters most to you, we show you how to start making payments during school. No worries if that’s not for you though. You can wait until you complete your MBA to pay back the loan.

Pay During School

Full Principal & Interest Payments

Start repaying your principal and interest right away to save the most on interest charges.

Interest Only Payment

Pay the interest charges each month while you’re in business school school.

Flat Payment

Make $25 payments each month4 during school to reduce your accrued interest.

No In-School Payments

Deferred Payment

No in-school payments required, but you’ll pay more interest over the life of your loan.

Repayment Terms5

We help you put your business-savvy to work. You choose how long to pay back your MBA so you can fit your payments to your budget.

Apply Now

Slide here to see how your costs change based on which loan term you choose.

Variable and Fixed Rates Explained

Earning an MBA can be a costly commitment that requires careful planning and consideration. Remember that an advanced degree costs more than just tuition. Costs include fees, materials, and adjustments for the cost of living where you decide to study. Start your research by deciding if you want a fixed or variable interest rate3 for your MBA loan.
*all rates shown include auto-pay discount3

Variable Rates

variable icon

5.59%

to 14.49% APR

Variable interest rates are tied to a market index and will fluctuate - up or down - over time with the market. This will change your monthly payment amount.

Changes to the rate are typically based on a publicly available interest rate index such as the prime rate or SOFR.

Fixed Rate

fixed icon

4.11%

to 14.49% APR

Fixed interest rates stay the same for the entire repayment period. You will have the same monthly payment amount every month after entering full repayment.

Learn More About Interest Rates

How Our MBA Loan Compares

College Ave Sallie Mae Discover
Number of Repayment Options 3

Not Accepting Applications as of January 31, 2024.

4
Choice of Repayment Terms
Apply in 3 Minutes
Fees to Apply None None

*Comparisons based on information obtained on lenders’ websites as of February 15, 2024.

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Advanced Loans For MBA Degrees

You’re confident in where your MBA will take you; we’ll give you the assurance to pay for it. College Ave MBA Student Loans start with low rates and put you in charge of how quickly you repay the loan. And we’ll be with you every step of the way. Ready to get down to business?

What parents and students are saying about us.

Easy and quick process

This is our 3rd student loan with CollegeAve. The most important part is, their process is very easy and it's quick as well to find the decision after pre-approval compared to other providers who generally takes many days before even you know the final decision. Thank you, College Ave team.

Anu

07/28/23

College Ave is a great place to get a student loan

College Ave is a great place to get money for students. The staff is so genuine, friendly and knowledgeable. They put you at ease. It takes the pressure off how am I going to pay for this semester or this year. It's a God sent. The application process is very easy and you don't feel violated or manipulated . And once the application process is finished you find out immediately if you have been approved. I don't know what I would have done if I didn't have College Ave.

Daisy

06/15/23

Highly recommend

I highly recommend College Ave for a student loan. The process was simple and quick. Not a lot of red tape. I like that my student was directly involved as well. Of course we discussed all the options but she ultimately made the decision herself. A good lesson in adulting.

Sandra

05/29/23

Overwhelmed? Don't Be! Just Follow These Easy Steps

person using a laptop with notebooks on the floorperson using a desktop computerlaptop with autopay chart displayed

1

Before school starts, figure out how much you’ll need to borrow. A good estimate is to take your cost of attendance and subtract any scholarships, grants, federal loans, and savings you plan to use.

2

Start shopping around for loans and apply for an MBA student loan about 30 days before classes start. Know who your cosigner is, if you’re using one, and choose your loan term and repayment options.

3

Once approved, we’ll work directly with your school to certify the loan. After the money is sent to your school, be on the lookout for your first loan statement. If you selected an in-school repayment option, consider signing up for auto-pay.

Apply Now for a Loan Check Application Status
person using a laptop with notebooks on the floor

1

Before school starts, figure out how much you’ll need to borrow. A good estimate is to take your cost of attendance and subtract any scholarships, grants, federal loans, and savings you plan to use.

person using a desktop computer

2

Start shopping around for loans and apply for an MBA student loan about 30 days before classes start. Know who your cosigner is, if you’re using one, and choose your loan term and repayment options.

laptop with autopay chart displayed

3

Once approved, we’ll work directly with your school to certify the loan. After the money is sent to your school, be on the lookout for your first loan statement. If you selected an in-school repayment option, consider signing up for auto-pay.

Apply Now for a Loan Check Application Status

FAQ's for MBA Student Loans

  • Do MBA programs give out scholarships and other financial aid?

    Yes! Some MBA programs will allocate scholarship money every year for their students. However, if scholarships, grants and federal student loans don’t cover your MBA costs, you can take out an MBA student loan to cover the gap.

  • Do I need a cosigner for an MBA student loan?

    You can apply without a cosigner, but depending on your credit history you may not get approved. Applying for an MBA student loan with a cosigner may improve your chances of getting approved for the loan and may even help you get a lower interest rate.

  • How long does an MBA program take to complete?

    Most full-time MBA programs can be completed in 2 years. Attending school full-time means you likely won’t also be able to work full-time. If this is your plan, you should consider including living expenses and other costs while applying for your MBA student loan.

    If you’re completing your MBA part-time, you may not need to borrow as much each semester to cover living expenses, but you may need to borrow for more semesters than a full-time student.

    Carefully weigh the pros and cons of both scenarios - both personally and financially - before applying for a program and any financial aid you may need.

  • How much money can I borrow for an MBA loan?

    If you're using the Federal Direct subsidized graduate loan, you may borrow up to $20,500 each year. If you're using an unsubsidized federal loan, you likely will not have a cap.

    Private MBA student loans - like College Ave’s option - allow you to borrow up to 100% of your cost of attendance, minus any federal aid, grants or scholarships.1

Footnotes

1

As certified by your school and less any other financial aid you might receive. Minimum $1,000. Maximum $150,000.

2

You must be enrolled in a Master of Business Administration (MBA) program at an eligible school to qualify for the College Ave MBA Loan.

3

Variable rates may increase after consummation. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit.

4

This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 6.27% fixed Annual Percentage Rate ("APR"): 33 monthly payments of $25 while in school, followed by 96 monthly payments of $145.75 while in the repayment period, for a total amount of payments of $14,817.03. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

5

This informational repayment example uses typical loan terms for a first year graduate student borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.10% fixed Annual Percentage Rate ("APR"): 120 monthly payments of $141.66 while in the repayment period, for a total amount of payments of $16,699.21. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

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