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9 Best MBA Student Loans of April 2023

After exhausting free aid, evaluate your finances and employment situation to choose an MBA loan.

Dec 12, 2022

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You can get federal and private student loans for business school. If you need to finance part or all of an MBA, federal loans are the safer choice because of their flexible repayment terms.

A private MBA loan can make sense if you can qualify for a lower interest rate than the government offers and know your career trajectory — for example, if you’re in an executive MBA program. But before borrowing any MBA student loan, exhaust free aid like fellowships and employer sponsorships.

Here are our picks for the best MBA student loans and additional information on how to decide which is right for you.

Best MBA Student Loans

Lender	NerdWallet Rating	Min. credit score	Fixed APR	Variable APR	Learn more
Federal Subsidized/Unsubsidized Loan Read review	5.0/5 Best for All borrowers as a first option	None	4.99-6.54%	N/A	Read review
Federal Grad PLUS Loan Read review	5.0/5 Best for Borrowers who want to minimize risk	None	7.54-7.54%	N/A	Read review
Sallie Mae Private Student Loan Check rateon Sallie Mae's websiteon Sallie Mae's website	4.5/5 Best for Students getting an MBA part-time	Mid-600's	4.50-14.83%	5.62-15.95%	Check rateon Sallie Mae's websiteon Sallie Mae's website
College Ave MBA Student Loan Check rateon College Ave's websiteon College Ave's website	5.0/5 Best for Students getting an MBA part-time	Mid-600s	4.74-13.99%	4.74-13.99%	Check rateon College Ave's websiteon College Ave's website
Ascent MBA Student Loan Check rateon Ascent's websiteon Ascent's website	5.0/5 Best for Borrowers with excellent credit	Varies	5.62-16.24%	6.87-15.39%	Check rateon Ascent's websiteon Ascent's website
Earnest Private Student Loan Check rateon Earnest's websiteon Earnest's website	4.5/5 Best for Borrowers with excellent credit	650	4.45-14.60%	4.99-14.40%	Check rateon Earnest's websiteon Earnest's website
SoFi Private Student Loan Check rateon SoFi's websiteon SoFi's website	4.5/5 Best for Borrowers with excellent credit	Mid-600s	4.49-13.80%	5.49-13.07%	Check rateon SoFi's websiteon SoFi's website
MPOWER Private Student Loan Check rateon MPOWER's websiteon MPOWER's website	4.0/5 Best for International MBA students	N/A	13.72-15.01%	N/A	Check rateon MPOWER's websiteon MPOWER's website
Avenify Income Share Agreement Read review	5.0/5 Best for Borrowers who prefer an income-share agreement	None	N/A	N/A	Read review

Our pick for

All borrowers as a first option

Federal unsubsidized direct loans have fixed interest rates and minimal fees, but graduate students can only take out up to $20,500 annually — which may not cover all your MBA costs.

Read review

Federal Subsidized/Unsubsidized Loan

5.0

NerdWallet rating

Min. credit score

None

Fixed APR

4.99-6.54%

Variable APR

N/A

Read review

Key facts

Graduate students are ineligible for subsidized loans.

Pros

More flexible repayment options for struggling borrowers than other lenders.
Subsidized loans do not collect interest while in school or during deferment.
Lower interest rates compared with private lenders.

Cons

You pay an origination fee.

Qualifications

No credit check or minimum income is needed to borrow.
Loan amounts for undergraduates: $5,500 year one, $6,500 year two, $7,500 year three and thereafter, up to a total of $31,000
Independent students and graduate students have higher loan limits.
Undergraduate interest rate fixed at 3.73%, while grad students get higher 5.28% rate

Available Term Lengths10 to 25 years once repayment begins, depending on the repayment plan.

Read Full Review

Our pick for

Borrowers who want to minimize risk

Federal loans have options private loans don’t, like income-driven repayment and Public Service Loan Forgiveness, which offer unique flexibility and protections if you’re entering an uncertain job market.

Read review

Federal Grad PLUS Loan

5.0

NerdWallet rating

Min. credit score

None

Fixed APR

7.54-7.54%

Variable APR

N/A

Read review

Key facts

Graduate students can take out up to their cost of attendance, minus other aid received, in PLUS loans.

Pros

More flexible repayment options for struggling borrowers compared with private lenders.
All borrowers who attend a school authorized to receive federal aid can qualify.

Cons

May have higher interest rates compared with private lenders.
You pay an origination fee.
You can’t see if you’ll qualify without a hard credit check.

Qualifications

Grad PLUS loan borrowers must not have adverse credit history.
Borrowers with adverse credit history can still receive a grad PLUS loan by enlisting a co-signer without adverse credit history or documenting extenuating circumstances for their credit history.
Loan amounts: Total cost of attendance minus other financial aid.

Available Term Lengths10 to 25 years once repayment begins, depending on the repayment plan.

Read Full Review

Our pick for

Students getting an MBA part-time

Check rateon Sallie Mae's website

Sallie Mae Private Student Loan

4.5

NerdWallet rating

Min. credit score

Mid-600's

Fixed APR

4.50-14.83%

Variable APR

5.62-15.95%

Check rateon Sallie Mae's website

Key facts

Rating and details displayed are for Sallie Mae’s private student loan. Sallie Mae MBA loans let you defer payments during an eligible internship for up to 48 months.

Pros

One of the few lenders to provide loans to part-time students.
Non-U.S. citizens, including DACA students, can apply with a U.S. co-signer.

Cons

You can't see if you’ll qualify and what rate you’ll get without a hard credit check.

Qualifications

Typical credit score of approved borrowers or co-signers: Does not disclose.
Minimum income: Did not disclose.
Loan amounts: $1,000 up to 100% of the school-certified expenses.

Available Term Lengths10 to 15 years

DisclaimerLowest rates shown include the auto debit. Advertised APRs for undergraduate students assume a $10,000 loan to a student who attends school for 4 years and has no prior Sallie Mae-serviced loans. Interest rates for variable rate loans may increase or decrease over the life of the loan based on changes to the 30-day Average Secured Overnight Financing Rate (SOFR) rounded up to the nearest one-eighth of one percent. Advertised variable rates are the starting range of rates and may vary outside of that range over the life of the loan. Interest is charged starting when funds are sent to the school. With the Fixed and Deferred Repayment Options, the interest rate is higher than with the Interest Repayment Option and Unpaid Interest is added to the loan’s Current Principal at the end of the grace/separation period. To receive a 0.25 percentage point interest rate discount, the borrower or cosigner must enroll in auto debit through Sallie Mae. The discount applies only during active repayment for as long as the Current Amount Due or Designated Amount is successfully withdrawn from the authorized bank account each month. It may be suspended during forbearance or deferment. Advertised APRs are valid as of 3/27/2023. Loan amounts: For applications submitted directly to Sallie Mae, loan amount cannot exceed the cost of attendance less financial aid received, as certified by the school. Applications submitted to Sallie Mae through a partner website may be subjected to a lower maximum loan request amount. Miscellaneous personal expenses (such as a laptop) may be included in the cost of attendance for students enrolled at least half-time. Examples of typical costs for a $10,000 Smart Option Student Loan with the most common fixed rate, fixed repayment option, 6-month separation period, and two disbursements: For a borrower with no prior loans and a 4-year in-school period, it works out to a 10.28% fixed APR, 51 payments of $25.00, 119 payments of $182.67 and one payment of $121.71, for a Total Loan Cost of $23,134.44. For a borrower with $20,000 in prior loans and a 2-year in-school period, it works out to a 10.78% fixed APR, 27 payments of $25.00, 179 payments of $132.53 and one payment of $40.35 for a total loan cost of $24,438.22. Loans that are subject to a $50 minimum principal and interest payment amount may receive a loan term that is less than 10 years.

Read Full Review

Check rateon College Ave's website

College Ave MBA Student Loan

5.0

NerdWallet rating

Min. credit score

Mid-600s

Fixed APR

4.74-13.99%

Variable APR

4.74-13.99%

Check rateon College Ave's website

Key facts

College Ave MBA loans offer immediate, interest-only and flat payment plans, so you can minimize repayment costs while getting your degree.

Pros

You can see if you’ll qualify and what rate you’ll get without a hard credit check.
International students can qualify with a co-signer.
Nine-month grace period is longer than other lenders offer.

Cons

You must be at least halfway through your repayment term before you can request a co-signer release.

Qualifications

Typical credit score of approved borrowers: Mid-700s.
Minimum income: $35,000 per year.
Loan amounts: $1,000 up to the total cost of attendance.

Available Term Lengths5, 8, 10 or 15 years

DisclaimerCollege Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/1/2023. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

Read Full Review

Our pick for

Borrowers with excellent credit

Private MBA loans can come with better interest rates and lower fees than federal options, if you have excellent credit.

Check rateon Ascent's website

Ascent MBA Student Loan

5.0

NerdWallet rating

Min. credit score

Varies

Fixed APR

5.62-16.24%

Variable APR

6.87-15.39%

Check rateon Ascent's website

Key factsBest for MBA students who want flexible payment options.

Pros

Among the best for payment flexibility.
Grace period of 9 months is longer than many lenders offer.
You can see if you’ll qualify and what rate you’ll get without a hard credit check.
Stands out for features that enable faster loan repayment.

Cons

You must be enrolled at least half-time to qualify.

Qualifications

Typical credit score of approved borrowers or co-signers: Not available.
Minimum income: Not available.
Loan amounts: up to $400,000.

Available Term Lengths7, 10, 12 or 15 years

DisclaimerAscent's undergraduate and graduate student loans are funded by Bank of Lake Mills, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentFunding.com/Ts&Cs. Rates are effective as of 3/1/2023 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized bank account each month. For Ascent rates and repayment examples please visit: Affordable Rates & Repayment Examples (APR) | Ascent Funding . 1% Cash Back Graduation Reward subject to terms and conditions. Cosigned Credit-Based Loan student must meet certain minimum credit criteria. The minimum score required is subject to change and may depend on the credit score of your cosigner. Lowest APRs require interest-only payments, the shortest loan term, and a cosigner, and are only available to our most creditworthy applicants and cosigners with the highest average credit scores.

Read Full Review

Check rateon Earnest's website

Earnest Private Student Loan

4.5

NerdWallet rating

Min. credit score

650

Fixed APR

4.45-14.60%

Variable APR

4.99-14.40%

Check rateon Earnest's website

Key facts

Rating and details displayed are for Earnest's private student loan.

Pros

Option to skip one payment every 12 months.
No late fees.
Nine-month grace period is longer than most lenders offer.

Cons

You can’t see if you’ll qualify and what rate you’ll get without a hard credit check.
Loans aren't available in Nevada.

Qualifications

Typical credit score of approved borrowers: 758.
Minimum income: $35,000.
Loan amounts: $1,000 up to your total cost of attendance.

Available Term Lengths5, 7, 10, 12 or 15 years

DisclaimerActual rate and available repayment terms will vary based on your income. Fixed rates range from 4.70% APR to 14.85% APR (excludes 0.25% Auto Pay discount). Variable rates range from 5.24% APR to 14.65% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan origination loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

Read Full Review

Check rateon SoFi's website

SoFi Private Student Loan

4.5

NerdWallet rating

Min. credit score

Mid-600s

Fixed APR

4.49-13.80%

Variable APR

5.49-13.07%

Check rateon SoFi's website

Key facts

Rating and details displayed are for SoFi's private student loan.

Pros

You can see if you’ll qualify and what rate you’ll get without a hard credit check.
Multiple in-school repayment options available, including interest-only and flat-fee, and deferred for undergrad and grad students.
Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

Does not offer bi-weekly payments via autopay.

Qualifications

Typical credit score of approved borrowers or co-signers: 700+.
Minimum income: No minimum.
Loan amounts: $1,000 minimum.

Available Term Lengths5, 7, 10 or 15 years

DisclaimerUNDERGRADUATE LOANS: Fixed rates from 4.49% to 13.80% annual percentage rate ("APR") (with autopay), variable rates from 4.99% to 13.07% APR (with autopay). GRADUATE LOANS: Fixed rates from 5.25% to 13.60% APR (with autopay), variable rates from 5.49% to 13.07% APR (with autopay). PARENT LOANS: Fixed rates from 6.50% to 13.98% APR (with autopay), variable rates from 6.32% to 13.13% APR (with autopay). For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. Interest rates for variable rate loans are capped at 13.95%, unless required to be lower to comply with applicable law. Lowest rates are reserved for the most creditworthy borrowers. If approved for a loan, the interest rate offered will depend on your creditworthiness, the repayment option you select, the term and amount of the loan and other factors, and will be within the ranges of rates listed above. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Information current as of 01/30/2023.

Read Full Review

Our pick for

International MBA students

Many lenders — including College Ave, Sallie Mae and Citizens — offer MBA student loans to international students who have an eligible co-signer. Without a co-signer, choices for international MBA students are limited.

Check rateon MPOWER's website

MPOWER Private Student Loan

4.0

NerdWallet rating

Min. credit score

N/A

Fixed APR

13.72-15.01%

Variable APR

N/A

Check rateon MPOWER's website

Key factsBest for international students and students with Deferred Action for Childhood Arrivals, or DACA, status.

Pros

Offers a hard-to-find option: non-co-signed student loans for international and DACA students.
Borrowers are assigned a dedicated student loan advisor.
Borrowers can request forbearance of up to 24 months, which is longer than many lenders offer.

Cons

Payment required while in school and during the grace period.
Offers only one repayment term: 10 years.

Qualifications

MPOWER considers future income potential but does not factor in credit scores.
Loan amounts: Minimum $2,001. Maximum loan is $100,000, limited to $25,000 per academic period.

Available Term Lengths10 years

DisclaimerNote: Our loan does not support Canadian citizens studying in Canada. Canadian Permanent Residents and U.S. citizens are considered “international” when studying in Canada. International students, U.S. citizens, U.S. permanent residents, and DACA recipients in the U.S. or Canada. ‘International’ means you are a non-U.S. citizen or U.S. non-permanent resident studying at a university in the U.S., or you are a non-Canadian citizen or Canadian non-permanent resident studying at a university in Canada. ‘DACA’ means the Deferred Action For Childhood Arrivals Program initiated by the U.S. Department of Homeland Security in 2012. In order to qualify as a DACA Student, you must have applied for, and been granted, DACA status by USCIS. As a graduate student, you can borrow with a fixed interest rate of 12.99% (13.98% APR¹). This is the maximum rate and will not increase. However, MPOWER offers borrowers a way to qualify for a discount; a 0.25% rate discount is possible by making your loan payments through automatic withdrawal from your bank account. If you qualify for this discount, your rate will be 12.74% (13.72% APR²). ¹[International graduate student with regular interest rate] The APR is calculated using the following assumptions: A loan is approved in the amount of US$10,000 with a 5% origination fee of US$500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation, plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal. At an APR of 13.98%, the monthly payment amount is US$113.66 for the first 30 months. For the next 120 months, the monthly payment amount is about $156.71. ²[International graduate student with discounted interest rate] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of US$500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.25%. At an APR of 13.72%, the monthly payment is US$111.47 for the first 30 months. For the last 120 payments, the monthly amount is US$155.17. Undergraduate Students in the U.S. or Canada As an undergraduate student, you can borrow with a fixed interest rate of 13.99% (15.01% APR³). This is the maximum rate and will never increase. However, MPOWER offers borrowers a way to qualify for a discount; a 0.25% rate discount is possible by making your loan payments through automatic withdrawal from your bank account. If you qualify for this discount, your rate will be 13.74% (14.75% APR⁴). ³[International undergraduate student with regular interest rate] The APR is calculated using the following assumptions: A loan is approved in the amount of $10,000 with a 5% origination fee of $500. The student will start making payments 45 days after loan disbursement. Payments will be interest only until graduation plus an additional 6-month grace period. The remaining months of repayment are calculated using a 120-month amortization schedule. All payments are made on-time, a forbearance is never utilized, and there is no pre-payment of any principal. At an APR of 15.01%, the monthly payment amount is $122.41 for the first 30 months. For the next 120 months, the monthly payment amount is $162.97. ⁴[International undergraduate student with discounted interest rate] The APRs with discounts are calculated using the following assumptions: A loan is approved in the amount of US$10,000 with a 5% origination fee of US$500. The student will start making payments 45 days after loan disbursement. The borrower signs up for automatic debit immediately after the loan is disbursed and remains on it for the life of the loan, which reduces the rate by 0.25%. A forbearance is never utilized and there is no prepayment of any principal. At an APR of 14.75%, the monthly payment is US$120.22 for the first 30 payments. For the last 120 payments, the monthly amount is US$161.39.

Read Full Review

Our pick for

Borrowers who prefer an income-share agreement

Read review

Avenify Income Share Agreement

5.0

NerdWallet rating

Min. credit score

None

Fixed APR

N/A

Variable APR

N/A

Read review

Key factsBest for nursing students who need money to finish their degree

Pros

Periods of unemployment count toward your payment total.
Lending decisions are not based on your credit score.
You receive a discount for paying off your ISA early.

Cons

Funding is available only to nursing students.
Nursing certificate programs currently aren’t eligible.
You must be within 12 months of graduation to qualify.

Qualifications

Eligibility is based on factors like your GPA and potential cost of living, not credit score.
Loan amounts: $1,000 to $15,000.
Income share percentages: Typically range from 1.5% to 7.5%; average is 3.99%.

Available Term Lengths5 years, but can extend to up to 10 years.

Read Full Review

Which MBA student loan is right for you?

Look at your finances and repayment goals to choose a federal or private student loan to pay for an MBA:

Generally, max out federal direct unsubsidized loans first. These loans have small fees — roughly 1% — and fixed interest rates of 6.54% for the 2022-23 academic year. Those terms may be close enough to what a private lender would offer you that any additional cost is worth the protections that come with federal loans. You can take out up to $20,500 annually in unsubsidized loans.
Then, look at your career trajectory. If unsubsidized loans won’t cover all your costs — the average MBA student debt is $66,300, according to the most recent data from the National Center for Education Statistics — you can fill any remaining gap with federal grad PLUS loans or private loans. PLUS loans make sense if you want to work for a nonprofit, are changing careers or simply aren’t sure about your job prospects. Options like Public Service Loan Forgiveness and income-driven plans can help in these instances.
Or evaluate your current situation. Compare private MBA loan interest rates if you have strong credit and a good sense of your future income. For example, say your employer is sponsoring part of your MBA and you’ll earn a higher salary — and stay with the company for a set number of years — after you get your degree. You may feel OK taking on the risk of private loans to save on interest or overall costs.

Not sure which situation describes you? Stick with federal loans. You can always refinance MBA loans with a private lender at a lower rate if your plans come into focus later.

» MORE: MBA loan repayment and forgiveness options

What to look for in a private MBA loan

If a private MBA loan makes sense for you, look for the following features to ensure it meets your education and repayment goals:

You can qualify. Some private lenders provide MBA loans only to some schools or programs. Make sure yours is eligible before applying with a lender.
Low interest rates and fees. Graduate PLUS loans currently have an interest rate of 7.54% and an origination fee of roughly 4%. Don’t take out a private MBA loan that doesn’t beat those numbers. Shop around with multiple lenders to compare their interest rates and fees to get the best deal possible.
Flexible repayment options. If you want to pay loans off fast, choose a lender that offers features like a five- or seven-year repayment term. Also, look at the options for borrowers struggling to make payments. You may not be expecting trouble now but should know your options if issues arise.

STUDENT LOAN RATINGS METHODOLOGY

Our survey of more than 29 banks, credit unions and online lenders offering student loans and student loan refinancing includes the top 10 lenders by market share and top 10 lenders by online search volume, as well as lenders that serve specialty or nontraditional markets.

We consider 40 features and data points for each financial institution. Depending on the category, these include the availability of biweekly payments through autopay, minimum credit score and income requirement disclosures, availability to borrowers in all states, extended grace periods and in-house customer service.

The stars represent ratings from poor (one star) to excellent (five stars). Ratings are rounded to the nearest half-star.

Read more about our ratings methodologies for student loans and our editorial guidelines.

Last updated on December 12, 2022

To recap our selections...

NerdWallet's Best MBA Student Loans of April 2023

Federal Subsidized/Unsubsidized Loan: Best for All borrowers as a first option
Federal Grad PLUS Loan: Best for Borrowers who want to minimize risk
Sallie Mae Private Student Loan: Best for Students getting an MBA part-time
College Ave MBA Student Loan: Best for Students getting an MBA part-time
Ascent MBA Student Loan: Best for Borrowers with excellent credit
Earnest Private Student Loan: Best for Borrowers with excellent credit
SoFi Private Student Loan: Best for Borrowers with excellent credit
MPOWER Private Student Loan: Best for International MBA students
Avenify Income Share Agreement: Best for Borrowers who prefer an income-share agreement

Frequently asked questions

What student loans can an MBA get?
Business school students can qualify for federal unsubsidized loans, as well as federal graduate PLUS loans. You can also borrow private student loans to pay for an MBA.
What is an MBA loan?
Some lenders offer private student loans specifically for MBA students. MBA loans may or may not have different features than graduate student loans; opt for the loan with the best terms for you.
How much do MBA students borrow?
The average business school graduate owes more than $66,000 in student loans, and 51% of MBAs take out student loans, according to the National Center for Education Statistics.
What type of MBA student loan should I borrow?
Federal loans are usually your best bet. But you may want to consider a private MBA loan if your credit is excellent and you’re assured of a job with a strong income once you finish your program.