St. George's University

Online MBA Programs

 

Private Loan Options for US Citizens / Permanent Residents

US Citizens and Permanent Residents enrolled in an online MBA program are eligible to apply for private education loans for tuition and on-campus residency costs if needed. International students are not eligible to apply for this loan.

At this time, Sallie Mae is the only lender available for students in this program. Private Education Loans are credit based, and interest rates vary (currently 3.87%-11.85%, depending upon specific lender criteria, credit worthiness, and whether or not the borrower chooses a fixed or variable interest rate). A cosigner may be required to secure a private education loan

Please make sure that once you have applied for your private loan you notify your Financial Aid Counselor in order to expedite school certification.

If you are not borrowing the maximum amount, please notify your Financial Aid Counselor of the amount you would like disbursed for each term within the budget below, or your loan disbursements will be split equally per term. Please be advised that these are private loans and interest rates as well as overall approval will be based on your credit. You should apply online and make sure to complete and submit the Self-Certification form, as well as all required disclosure forms to the lender in a timely manner, in order to be approved for school certification.

Financial aid applicants who have any doubt about their credit rating should request a copy of their credit report and reconcile any problems prior to matriculation. If a student cannot obtain a loan because of a negative credit rating, school funds cannot be awarded to replace the loan.

 

To apply for a Sallie Mae MBA Student Loan, the following steps must be completed:

  • Visit Sallie Mae and choose "Graduate Student Loans" from the options available
  • Choose "Apply for this Loan" to begin your student loan application for the Smart Option Student Loan for Graduate Students
  • Complete the "Basic Information" section and choose your school
    • ‚ÄčSt. George's University, School of Medicine will be listed under the "Outside the US" option
  • Complete the "School Information" as follows:
  • School:St. George's University, School of Medicine, 02233300
  • Degree/Certificate of Study: MBA
  • Major/Specialty: Other
  • Enrollment Status: Full time
  • Grade level: 1st  Year Masters/Doctorate
  • Academic Period of Loan: Provide Your Own - August 2018 - July 2019
  • Anticipated graduation/completion:
    • Multi-Sector Health Management: October 2019
    • International Business: May 2020
  • Complete the "Loan Amount" section using the information from your estimated cost of attendance
  • Follow the instructions to complete the rest of your application and submit

 

Sallie Mae has various repayment options to choose from:

  • Interest Repayment Option: Full interest payment while in school and during grace period
  • Fixed Repayment Option: Student's pay $25 per month, while in school and during grace period
  • Deferred Repayment Option: no payment is required while in school or during grace period

** There are no prepayment penalties under any of these repayment plans, and making payments on your loan whenever possible is encouraged to minimize total overall debt.

Please make sure that all contact information included on your application for both yourself and your cosigner (if applicable) are completely accurate. Sallie Mae may try to contact you if they have any inquiries or are unsure about something on your or your cosigner's credit report that could improve the possibility of a loan approval.If Sallie Mae is unable to contact you in order to verify information, and cannot reach you after two attempts, your loan application will automatically be denied.

 

Tips and Tools for Private Loans:

  • Request your credit report: resolve any discrepancies prior to applying for your private student loan. (www.annualcreditreport.com)
  • Private loans carry a variable interest rate and are credit based.
  • Apply for your private student loan within the 180 day window of disbursement, as your credit is valid for 180 days.
  • The amount you apply for will be the amount that is certified up to the cost of attendance.
  • If you apply for less than the cost of attendance, your disbursements will be split equally per term, unless otherwise requested.
  • If your loan application is denied, please submit endorser (cosigner) information as soon as possible. The lender can take 7 to 10 business days to verify credit information of your cosigner.
  • The lender requires your signature on a final disclosure in order to assign disbursement dates.
  • You must sign this disclosure form within 60 days of the loan approval.
  • From the time you sign the final disclosure; the lender waits approximately 8 business days (waiting period) for your right to cancel and then will disburse the loan directly to the University, on the scheduled disbursement date.

 

August 2018 Enrollment

Full Program Costs*

Multi-Sector Health Management

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*Estimated cost of attendance is for full program costs based on rates current as of May 1, 2018; subject to change.

Rates do not include any scholarship that may be awarded.

 

August 2018 Enrollment

2018-19 Cost of Attendance

Multi-Sector Health Management

*Estimated cost of attendance is for full program costs based on rates current as of May 1, 2018; subject to change.

Use these figures when applying for a loan in the 2018-19 award year.

Rates do not include any scholarship that may be awarded.

 

International Business

Full Program Costs

*Estimated cost of attendance is for full program costs based on rates current as of May 1, 2018; subject to change.

Rates do not include any scholarship that may be awarded.

 

Deferring Prior Educational Loans

You are eligible for deferment of loans that you borrowed at institutions you attended prior to your matriculation at St. George's University School of Medicine. You should access the web site of the servicer of the loan(s) you wish to defer, and download an In-School Deferment Form. Completed deferment forms should be sent to the Registrar's office at regmail@sgu.edu.

For additional information regarding student loan deferment, please visit our Deferments section.

St. George's University is committed to ensuring that all students are aware of all of their financial aid options and we have designated a counselor to work directly with you to address your questions and needs. Please contact your Financial Aid Counselor with any questions or concerns or for additional information regarding the financial aid process and costs.

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