- 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
Here's our current MBA student loan interest rates:
Variable rates
4.99%
to 14.49% APR
Fixed rates
3.47%
to 14.49% APR
(all rates shown include auto-pay discount)3
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
4.99%
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
3.47%
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.
How Our MBA Loan Compares
| College Ave | Sallie Mae | Discover | |
|---|---|---|---|
| Number of Repayment Options |
4 |
3 | 4 |
| Choice of Repayment Terms |
|
|
|
| Apply in 3 Minutes |
|
|
|
| Fees to Apply | None | None | None |
*Comparisons based on information obtained on lenders’ websites as of December 2, 2024.
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?
Overwhelmed? Don't Be! Just Follow These Easy Steps
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 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 StatusFAQ's for MBA Student Loans
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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.
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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.
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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.
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How much money can I borrow for an MBA loan?
If you're using the Federal Direct Unsubsidized Loan, you may borrow up to $20,500 each year. If you're using the Federal Direct Graduate PLUS Loan, you will likely not have a cap and your school will determine the amount you are eligible to borrow.
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. Approved interest rate will depend on creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of the Flat Repayment Option with the shortest available loan term.
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.