Details of the Yale International Student Loan, which is available to all international students at the School of Management:
- Maximum loan: tuition and fees for the academic year, minus any scholarship awarded
(maximum for Class of 2011 in 2009/10 is $49,945) - No co-signer required
- Fixed interest rate of 7.75%
- Origination Fee of 5%, subtracted from loan proceeds
- 10-year repayment period
- No payments while you are enrolled
- 6-month grace period following separation from school
- Interest accrues while you are enrolled and during the 6-month grace period and is added to the principal when repayment begins
- Interest does not compound and there is no pre-payment penalty
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