Funding has been one of the major issues for international students that are trying to fund studies in the USA. There is a continuous rise in costs of an American MBA and many non-American candidates feel flustered as they try to obtain scholarships and/or student loans. So to suitable MBA candidates the new policy of Tuck Business School at Dartmouth should be a great benefit. It has been recently announced by the school that despite of the current economic climate they have an intention to provide funding opportunities to students.
In collaboration with Dartmouth College the Tuck School of Business has announced that it will offer a new institutional loan that has been designed exclusively for international students. Theoretically more applications should be drawn due to the school’s commitment to supporting its international students. Despite of the existing pressures on loan availability and the economic climate, funding will be made available at very competitive rates .
Tuck’s new loan has been developed for providing financial assistance to international students and it does not require a U.S. cosigner. A student who would be having demonstrated financial need may borrow up to the cost of attendance, less other financial aid, and that will be based on a needs analysis by the financial aid office. For incoming students the loan is already available. It has zero origination fees and currently it offers 9% rate to borrowers, and that rate is variable and adjusts annually.
According to a rough estimate 33% of the students who have attended Tuck in recent years are international students that has represented approximately 40 countries per year. One of the school’s traditional recruiting strengths has been the international dimension to the student cohor.
Members of the senior administration at Tuck and Dartmouth worked very carefully to develop a programme that is at the same time simple and affordable having the knowledge that for international students access to funding has created much concern and anxiety.
