Students may also take out a competitive loan to help finance their education. Does Yale have any particular preferred lenders?
The majority of Yale SOM’s students do take out a loan. We have several lenders that we work with, and I provide students with a comprehensive list of lenders with their interest rates and fees. I feel the loans available for students offer very good rates. And based on the salaries that our students make leaving here, I don’t find that [shouldering a loan] becomes a tremendous hardship. (Editor’s note: A member of Yale SOM’s Class of 1998 took out an average of $43,874 in loans and earned an average total pay package worth $123,008.) Yale does have an agreement with the Access Group where they offer a more competitive loan than their market-rate loan to Yale students. In addition, I administer the Yale School of Management’s Public Service Loan Forgiveness Program, which offers financial assistance to graduates who work in the public or nonprofit sector. Although historically more than 90% of Yale SOM grads take jobs in private organizations, the school’s Loan Forgiveness Program assi
Related Questions
- A fair number of business school students have to borrow from private lenders to help finance their educations. Which banks do you suggest students contact to negotiate competitive loans?
- Students may also take out a competitive loan to help finance their education. Does Yale have any particular preferred lenders?
- Which preferred lenders should international and domestic students contact for a competitive loan rate?
