Executive Masters of Business Distance Program

Thank you for considering Purdue University’s Executive Master’s in Business program.

The Purdue University Division of Financial Aid can assist you in obtaining student loan funding. If you are degreed seeking and meet financial aid citizenship requirements, you may be eligible for the Stafford and/or Graduate PLUS Loan programs. The Graduate PLUS Loan borrowers must be creditworthy or have a cosigner.  International students with a U.S. citizen cosigner may be eligible for alternative loan options.

To be considered for the Stafford and/or Graduate Plus loan programs, you must complete the Free Application for Federal Student Aid (FAFSA). Visit http://www.purdue.edu/dfa/loans/approced.php for more information on how to apply. Our School Code is 001825.  You will be required to sign a master promissory for each loan program.  The electronic notes are available at www.studentloans.gov .

Financial assistance may also be available private/alternative loan programs. A cosigner is required only if you have no credit, have an insufficient credit history, or are an international student.  You can obtain more information about alternative loans at http://www.purdue.edu/dfa/loans/altloans.php

Each module of enrollment will have two loan disbursements. Loan funds will disburse to Purdue University; we will apply them to any unpaid fees, and disburse the remaining funds to you. 

You can borrow up to Purdue’s estimated cost of education, which includes allowances for fees and travel.  Maximum loan amounts per academic year are as follows:

Stafford Loan:               20,500 or the less of cost of education
Graduate Plus Loan:     Cost of education minus other aid
Alternative Loan:          Cost of education minus other aid

It is recommended that loan requests be made at least one month prior to the beginning of the semester of enrollment; however, Stafford and Graduate Plus loan requests can be accepted up to two weeks prior to the end of the module.

Please feel free to contact us at http://www.purdue.edu/dfa/contact.php should you have further questions.  

For more information about the program, please visit http://www2.krannert.purdue.edu/

Class of 2012
Loan Schedule	Sample Cost of Attendance	EMBA	Loan Period	Begin/End Dates	Disbursement Dates	Student Example
Loan 1	$16,831	AY1 Mod1	Summer 2010	7/12/10 10/10/10	7/2/10	Stafford Loan $16,831
Loan 2	$17,136	Mod2	Fall 2010	10/11/10 1/9/11	10/1/10	Stafford Loan $3,669 Grad Plus $13,467
Loan 3	$17,136	AY2 Mod3	Spring 2010	2/6/11	1/28/11	Stafford $20,500 Grad Plus $15,184
	$18,548	Mod4	Summer 2011	8/28/11	5/22/11
Loan 4	$18,815	AY3 Mod5	Fall 2011	10/23/11	10/13/11	Stafford Loan $20,500
	$16,068	Mod6	Spring 2012	4/8/12	1/27/12	Stafford Loan $2,109 Grad Plus $14,383

Class of 2013
Loan Schedule	Sample Cost of Attendance	EMBA	Loan Period	Begin/End Dates	Disbursement Dates	Student Example
Loan 1	$16,783	AY1 Mod1	Summer 2011	7/17/11 10/9/11	7/7/11	Stafford Loan $16,783
Loan 2	$17,638	Mod2	Fall 2011	10/10/11 1/8/12	9/30/11	Stafford Loan $3,717 Grad Plus $13,921
Loan 3	$17,638	AY2 Mod3	Spring 2012	2/19/12	2/9/12	Stafford $20,500 Grad Plus $14,776
	$17,638	Mod4	Summer 2012	8/13/12	5/24/12
Loan 4	TBA	AY3 Mod5	Fall 2012	10/28/12	10/18/12	Stafford $20,500 Grad Plus TBD
	TBA	Mod6	Spring 2013	4/7/13	1/25/13