IMM Executive Masters of Business Administration
Thank you for considering Purdue University’s International Master’s in Business Administration 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.
The first step in applying Stafford and/or Graduate Plus loan program is the Free Application for Federal Student Aid (FAFSA). Visit our How to Apply page 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 include 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 one loan disbursements. Loan funds will disburse to Purdue University; you are then responsible for paying your bill with TIAS Nimbus.
You can borrow up to Purdue’s estimated cost of education, which includes allowances for fees and travel. Maximum loan amounts per academic year (2 modules = 1 year) are as follows:
Stafford Loan: The lesser of $20,500 or the 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 2013 | ||||||
| Loan Schedule | Sample Cost of Attendance | IMM Year | Loan Period | Begin/End Dates | Disbursement Dates | Student Example |
| Loan 1 | $24,500 | AY1 Mod1 | Spring 2012 | 03/25/2012- 7/22/2012 | 03/23/2012 | Stafford $20,500, Grad Plus $4,000 |
| Loan 2 | $22,388 | Mod2 | Fall 2012 | 08/13/2012- 11/25/2012 | 07/03/2012 | Grad Plus $22,388 |
| Loan 3 | $38,703 | AY2 |
Spring 2013 |
12/03/2012-04/07/2013 | 11/23/2012 | Stafford $20,500, Grad Plus $18,203 |
| Summer 2013 | 04/08/2013-07/28/2013 | 03/29/2013 | ||||
| Loan 4 | $24,500 | AY3 Mod5 | Fall 2013 | 08/05/2013- 12/01/2013 | 07/26/2013 | Stafford $20,500, Grad Plus $4,000 |
$15,000 is due to TIAS Nimbus at the start of each Module
| Class of 2014 | ||||||
| Loan Schedule | Sample Cost of Attendance | IMM Year | Loan Period | Begin/End Dates | Disbursement Dates | Student Example |
| Loan 1 | $24,500 | AY1 Mod1 | Spring 2013 | 04/01/2013- 07/21/2013 | 03/22/2013 | Stafford $20,500, Grad Plus $4,000 |
| Loan 2 | $22,388 | Mod2 | Fall 2013 | 08/12/2013- 11/24/2013 | 08/02/2013 | Grad Plus $22,388 |
| Loan 3 | $38,703 | AY2 |
Spring 2014 |
12/02/2013-04/06/2014 | 11/22/2013 | Stafford $20,500, Grad Plus $18,203 |
| Summer 2014 | 04/07/2014-07/27/2014 | 03/28/2014 | ||||
| Loan 4 | $24,500 | AY3 Mod5 | Fall 2014 | 08/04/2014- 11/30/2014 | 07/25/2014 | Stafford $20,500, Grad Plus $4,000 |
$15,000 is due to TIAS Nimbus at the start of each Module