There are a number of student loan options available to fund Olin’s graduate programs. Please review the options, terms, and eligibility criteria below. The Olin Financial Services team is available to answer questions about these loan products and provide direction on how to apply.
| Types of Loans | Interest Rates & Fees | Loan Terms |
| Federal Direct Unsubsidized $20,500 available per academic year, contingent upon meeting citizenship and other requirements. There are no income restrictions. | 7.05% fixed rate (Effective for loans originating between 7/1/23 – 6/30/24) 1.057% origination fee (Effective for loans originating between 10/1/23 – 9/30/24) | Interest accrues from the time of loan disbursement. 6-month grace period following graduation or program withdrawal. No early payment penalties. |
| Federal Graduate PLUS Loan Cost of Attendance minus other forms of aid, contingent upon meeting citizenship and other requirements. Credit check required each academic year. | 8.05% fixed rate (Effective for loans originating between 7/1/23 – 6/30/24) 4.228% origination fee (Effective for loans originating between 10/1/23 – 9/30/24) | Interest accrues from the time of loan disbursement. 6-month grace period following graduation or program withdrawal. No early payment penalties. |
| Private Loans-U.S. Lenders To research options, visit elmselect.com, select Washington University in St. Louis, then program of study. A co-signer may be required. Loan eligibility and terms vary by lender, as well as the credit worthiness of the borrower. | Many lenders offer both variable and fixed rate products. Origination fees vary by lender but many offer zero fees. Some lenders offer rate reductions based on GPA, in-school interest payments, or selecting auto-debit at repayment. | Interest accrues from the time of loan disbursement. Grace periods and repayment terms vary. Carefully review all loan disclosure paperwork prior to signing the promissory note. You will have a right to refusal timeframe prior to loan disbursement. |
| Private Loans-International Lenders To research options, visit elmselect.com, select Washington University in St. Louis, then program of study. A co-signer may be required. Loan eligibility and terms vary by lender, as well as the credit worthiness of the borrower. | Lenders may offer both variable and fixed rate products and loan fees vary, depending on lender. | Interest generally accrues from the time of loan disbursement. Grace periods and repayment terms vary. Carefully review all loan disclosure paperwork prior to signing the promissory note with your lender of choice. |
| Olin International Loan Only available to international students enrolled in Olin’s Full-Time MBA program. Loan amount is limited to tuition only, minus any institutional scholarship. | 10% fixed rate; no loan fees Non-cosigner loan with no credit check nor collateral required. | Interest accrues from the time of loan disbursement. 3-month grace period following graduation or program withdrawal. 10-year repayment term (15-year repayment available, upon request). |