Columbia Business School

• Rates as low as 11.49% APR^*
  • 0.25% rate discount for optional enrollment in automatic electronic payment during repayment
  • 0.50% rate discount for having a U.S. co-borrower at the time of origination
  • Co-borrower not required, but having a qualified U.S. co-borrower could result in a lower interest rate
  • 1% draw fee added to each loan disbursed
• Apply once and secure financing for your entire graduate studies with unique line of credit structure^**
• Available to international students (students who are not U.S. citizens or U.S. permanent residents, and require a visa for entry to the United States)
• Flexible repayment options, including full deferment of payments while in school^†
• 20 or 25 year repayment period, depending on principal balance when entering repayment – or repay early at anytime with NO penalty
• Optional graduated repayment which provides lower payments during the first two years of repayment
• A loan from a not-for-profit credit union - a lender relationship you can trust
• Maximum borrowing amounts vary depending on field of study. View your program borrowing limits.

The Annual Percentage Rate (APR) for our graduate private education line of credit is variable¹ and is based on the Prime index² plus a margin.

The current offered rate³ will be 11.49% APR

Your Interest Rate is calculated by adding the Index plus a Margin, subject to a minimum APR (Floor). The Floor rate is in effect any time the Interest Rate is below your assigned Floor rate. All loans subject to approval and restrictions may apply. We reserve the right to change rates for new applications at any time and without notice. Credit union membership and a minimum share deposit is required. Contact us for membership details.

1. Your Interest Rate is variable and may be adjusted quarterly based on the Index. Any increase in the Index may increase the APR and may increase the amount of your monthly payment.

2. As of October 1, 2024, the Prime index (Index), as published in the Wall Street Journal, used is 8.50%. For a new line of credit, the Index used is the rate as published on the first business day of the last month immediately preceding each new quarter.

3. Current offered rate(s) are calculated by using the Index, Margin and Floor value(s) in effect. Your specific Index, Margin, Floor, and/or credit approval will depend upon the student borrower’s and co-borrower’s (if applicable) credit qualification. Applicants may apply with a creditworthy U.S. co-borrower which may result in a better chance of approval and/or lower interest rate.

4. The Interest Rate will not exceed 18.00%, regardless of the Index.

5. Margin will be disclosed at account opening. This Margin is added to the Index to determine the calculated interest rate.

6. Floor rate is in effect any time the calculated interest rate is below the assigned Floor rate. The Floor rate will be disclosed at account opening.