The Olin MBA Loan and Olin SMP Loan is a non-cosigner loan, which are only available to students admitted to our Full-Time MBA program and to our Specialized Master’s Program. Upon admission to the program, please contact olinfinancialservices@wustl.edu to indicate your intention to pursue the Olin MBA or Olin SMP Loan. We will host an online session for participating students to both review loan terms and answer any questions. All required forms, including promissory notes, are signed electronically via DocuSign. There is a 3 day right to refusal period after the loan note is signed.
The Olin Loan terms are as follows:
- 10% fixed interest rate. No origination fees nor prepayment penalties.
- The Olin Loan does not necessitate a credit check.
- Loan is limited to tuition only minus scholarship. The Olin loan cannot be used to cover university fees, nor health insurance charges.
- 10-year repayment term, which begins 90 days upon graduation or program withdrawal. A 15-year repayment plan is available upon request.
- Interest will start accruing from the date the loan disburses.
- Borrowers may choose to pay interest while in school or have a one-time capitalization of interest once the grace period ends and the borrower enters repayment.
*Note for Dual Degree MBA/SMP students: This loan is limited to the first four semesters of study (MBA) at Olin. It is NOT available for the fifth and final semester (SMP) of the Dual Degree program.