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  • You are eligible for 20,500 in unsubsidized student loans from the federal government, but you can borrow up to the cost of attendance of any graduate program if you are approved for Graduate PLUS loans, which are a different type of loan offered by the federal government and have higher interest rates but are only subject to a simple credit check for approval.

    You can apply for Grad PLUS loans at studentloans.gov

    Avoid private student loan lenders at all costs: federal loans have perks (like different payment plans and deferment and forbearance provisions) that private lenders do not have.

    Not that it’s my business, but 120k for a two-year MBA program does not sound like a wise financial investment, although I commend your credit score and debt-free situation. There are more affordable options out there.

    Godspeed.

  • If you are in an M7 B school, don’t sweat the loans too much, or the whole credit card points thing. You have a massive opportunity in front of you.

    Swing for the fences with your program and make sure you have a top tier job coming out. Don’t let anything get in the way of that.

    The rest will pay for itself.

    Just my take.

    Edit – I did the credit card points thing and I had to actually pay the balance for some time before they would refund me directly…or something. One time the loan was paid to the school and my credit card was refunded. It was 10 years ago and I remember feeling it was not worth the hassle.., and I love points.

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