Columbia University - Columbia Business School Loan Terms

Eligibility: All international students admitted to the following courses are eligible:

  • MBA
  • EMBA
  • Masters of Science

U.S. citizens and permanent residents are ineligible. Residents with non-permanent status may be eligible depending on the specifics of the situation.


Loans are available in USD.

  • Loans to current and future students
  • Top up loans for current students
  • Bridge loans for current students before starting new jobs
  • COMING SOON: Refinancing current loans or corporate sponsorship

Maximum loan size: Up to 80% of Cost of Attendance (includes tuition and living expenses).

The loan size you may be offered will depend on your specific application. If your total payments to the school exceed the amount of tuition due, the remaining amount will be disbursed directly from the school to your local bank account.

Minimum loan size: $15,000

Interest rate: 3-month US Libor + 5.5 - 8.5%, with a representative APR of 7.46% (US Libor is variable over the duration of the loan). Rates are dependent on individual applicant profiles. See representative example below.

Guarantees: No co-signer, guarantor, or collateral required.

Administration fee: Fee of 2.5% of the loan amount (minimum of $500)

  • 2015-2016 academic year: 50% of the fee is payable upfront, the remainder will be added to the loan amount.

  • 2016-2017 academic year: Fee is fully amortized and added to the loan amount.

Disbursement: Funds are disbursed directly to the school shortly after the start of class.

Grace period: For full-time students, the grace period includes the study period plus 6 months following graduation. During this time, student borrowers do not have to make payments, but interest accrues. For part-time students, the grace period is 3 months after the final disbursement to the school. Please check your loan agreement for official repayment dates

Repayment: After the grace period, there is a 10 year repayment period. NOTE: There are no penalties for early repayment.

Application deadline: None-apply any time.

What is APR?

APR (Annual Percentage Rate) can be used as a tool to compare the actual cost of two (or more) loan offers. It is the annual rate that is charged for borrowing shown as a single percentage number. APR represents the total cost of borrowing funds over the entire term of a loan. It includes any fees and the effects of compounding interest. Note that it is not the rate at which interest accrues on a loan.

What is Representative APR?

This is the APR that the majority of applicants will receive for a loan for a specific school.

All preliminary lending decisions are subject to:

  1. A full credit and background check
  2. Your acceptance into the program specified in your loan application

Do you have any questions about these terms? Please visit our FAQs, review the most common questions in our Information Session or contact

Representative Example

The below provides a representative example for the MBA program.

Loan size: $40,000

Interest rate: 6.50% above 3-month US Libor (Libor variable over the duration of the loan)

Representative APR: 7.46% APR variable, factoring in all fees and the effects on compounding interest.

Fees: Administrative fees of 2.50%, or 1,000. This will be added to the loan, for a total credit of $41,000.

Duration: Repayment period of 10 years, plus the study period of 21 months and a grace period of 6 months = 147 months.

Total amount payable: $65,150.04

Amount of each monthly repayment: $538.75