Approximately 40 percent of Berkeley Executive MBA students rely on some form of financial assistance, including loans. The Berkeley Haas Financial Aid Office helps EMBA students efficiently secure the best federal, institutional, and outside funding to achieve their degrees.
Loan Options for EMBA Students
U.S. citizens and Permanent Residents are eligible to apply for federal student loans by submitting a FAFSA online. The two types of loans available are the Federal Direct Loan and the Federal Graduate PLUS Loan. U.S. citizens and Permanent Resident students can borrow private loans instead or a combination of federal or private loans.
Any student may apply for private loans. Many private lenders offer variable rates lower than the federal loans and also offer zero fees. International students are eligible to apply for private loans, usually with a U.S. citizen co-signer.
Complete details on the process and disbursement can be found on the Haas Financial Aid website.
Nonprofit and Public Service Loan Forgiveness Program
Students who work in nonprofit or public service may be eligible for the federal Public Loan Forgiveness (PLF) Program. Eligible loans may be forgiven after 120 qualifying monthly payments while working full-time for a qualifying employer. The PLF program is administered by Federal Student Aid, an office of the U.S. Department of Education.
Alternate EMBA Financing Options
Alternate financing can come in the form of home equity loans, mortgage refinancing, and a number of other options. If you own a home you may be able to approach your lender of choice and take out a home equity loan or refinance your mortgage. If this is an option that appeals to you, speak with bank representatives for more information.
During your time here, the Berkeley Haas Financial Aid Office is your primary point of contact, rather than the University's Financial Aid and Scholarships Office.
See more details about loans and alternate financing options on the Haas Financial Aid website, or contact:
Berkeley Haas Financial Aid Office
S546 Student Services Building
Berkeley, CA 94720-1900
See also: Employer Sponsorship →