These are the best alternative for students applying to the MBA programs. One thing to keep in mind when applying for loans is that, in most cases, you need to have a co-signer who is a U.S.A. citizen or permanent resident. The co-signer is responsible for paying back the loan if you should default on it.
There are some banks that waive the co-signer requirement for specific schools. You should check this information from the school website.
As an example, Citibank provides loans to international students admitted to Harvard Business School without a co-signer. Another example is Bank of America providing loans without a co-signer to students at Kenan-Flagler, University of North Carolina.
The terms of the loans usually require any interest or principal payments after graduation. Read the terms of any and all loans before you sign. Make sure you understand those terms and what your repayment schedule and fees entail. Ask for assistance in interpreting the fine print if you are having trouble understanding it.
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