Loans for International Students Yale SOM is pleased to announce the details of the Yale International Student Loan, which is available to all international students at the School of Management:
Maximum loan: tuition and fees for the academic year, minus any scholarship awarded (maximum in 2011/12 is $53,900)
No co-signer required
Fixed interest rate of 7.75%
Origination Fee of 5%, subtracted from loan proceeds
10-year repayment period
No payments while you are enrolled
6-month grace period following separation from school
Interest accrues while you are enrolled and during the 6-month grace period and is added to the principal when repayment begins
Interest does not compound while you are enrolled and there is no pre-payment penalty