Loans

Loan options for an Executive MBA

Whether you’re looking for federal loans, private loans or alternative financing options, we’re here to help you explore your options and make informed decisions about your financial future. With our personalized support, you can focus on what matters most – advancing your career with a Kellogg Executive MBA.

Financial aid is available to Executive MBA Program students through federal and/or private loans. Only U.S. citizens and permanent residents are eligible for educational loans through U.S. federal programs. Loan amounts are determined by the Financial Aid Office and are based on your financial aid application and the Free Application for Federal Student Aid (FAFSA). Additional information and guidance on loans is available through the Financial Aid Office.

For information on loans that may be available to non-U.S. citizens or permanent residents, visit our International students page.

Unsubsidized Federal Stafford Loan

• Loan type: A government loan for graduate and professional degree students not based on financial need.

• Interest rate: Currently has a fixed interest rate of 7.05% and an origination fee of 1.057% (as of 10/1/23). Interest begins accruing once funds are disbursed. The principal is deferred while students are enrolled at least half-time in a program or are in an eligible deferment status.

• Amount: Maximum amount that students may borrow per academic year is $20,500.

• Repayment: Begins six months after separation or graduation or if the students schedule falls below half-time.

Graduate PLUS Loan

• Loan type: Federal loan.

• Eligibility: Available to graduate and professional students to meet financial need and/or to replace their student contribution to meet the cost of attendance.

• Interest: Currently has a fixed interest rate of 8.05% and a 4.228% origination (as of 10/1/23).

• Repayment: Begins six months after separation or graduation, or if the students schedule falls below half-time.

Private loans

Please visit Northwestern University’s Private loan information site for a list of preferred vendors and detailed instructions for securing private loans.

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