Loans for Non-US Citizens

Yale currently offers a Graduate and Professional International Loan, for which international students may apply by completing the Graduate School International Student Loan Application.

Below are details of Yale’s International Loan program:

  • 5% origination fee
  • No co-signer required.
  • 6-month grace period
  • 120-month repayment period
  • Interest accrues from the date of disbursement until repayment period begins and is capitalized at the end of the grace period.
  • 2023-2024 interest rate is 7.75% fixed.

Student loans are based on need. Need is calculated based on the total cost of education, less any financial aid you receive in fellowships/scholarship/teaching/work, and your own personal contribution.

The Office of International Students and Scholars cautions students against inadvertently demonstrating that a US loan might be their primary means of financial support. If a student tries to show that they will pay for their education entirely in loans, the US Embassy may question their ability to repay a rather large US-dollar amount when they return home. Therefore, we caution that loans should not be your only source of financial support.

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