Loan Programs

Tuck offers need-based and non-need-based loan programs for U.S. citizens, permanent U.S. residents, and international students. All students who qualify for federal loan funds must borrow those funds prior to applying for a private educational loan.

Need-based loan programs

Direct Subsidized Loan

• For all qualified students who are U.S. citizens or permanent residents
• Students with demonstrated need may borrow up to $8,500
• The federal government subsidizes the interest while the student is enrolled and during a six-month grace period before repayment
• Fixed interest rate of 6.80 percent
• A 1 percent origination fee deducted from the principal of the loan upon disbursement
• The standard repayment period is 10 years

Federal Perkins Loans

• For all qualified students who are U.S. citizens or permanent residents with exceptional financial need
• Fixed interest rate of 5 percent per year
• Interest does not accrue until repayment period, which begins nine months after the completion of all education
• Up to $6,000 in one year

Dartmouth Educational Loan Corporation (DELC) loans

• Depending on need, a student may borrow up to $120,000 over the two years of MBA education
• Variable interest rate set annually by the members of the corporation. Current rate is 6.8 percent
• Interest accrues on the loan and capitalizes monthly while the student is enrolled in school
• Repayment begins three months after graduation
• Eligibility is based on the student's overall debt and creditworthiness
• Available to international students with established positive credit history in the U.S.
• Persons not meeting credit criteria may qualify with an approved guarantor
• No origination fee
• Maximum term of the loan is 10 years

Tuck 5 Percent Loan

• For U.S. citizens and international students with exceptional financial need
• Students may borrow up to $6,000 each year
• Fixed interest rate of 5 percent
• Interest begins to accrue when the loan goes into repayment (three months after graduation)
• The repayment period is a maximum of 10 years after graduation or withdrawal from the school
• No origination fee

Tuck International Loan

• Maximum loan limit is the cost of attendance less other financial aid, based on a needs analysis by the financial aid office
• Variable interest rate set annually by the officers of Dartmouth College. Current rate is 9 percent
• Interest accrues on the loan and capitalizes monthly while the student is enrolled in school
• Repayment begins three months after graduation
• Eligibility is based on the student’s overall debt and need
• No origination fee
• Loan term is 10 years.
• No U.S. cosigner required

Non-need-based loan programs

Direct Unsubsidized Loan

• For all qualified students who are U.S. citizens or permanent residents
• Eligible graduate students may borrow up to $20,500 per academic year less any subsidized (need-based) amount
• Fixed interest rate of 6.80 percent
• A 1 percent origination fee
• Interest begins to accrue on the loan when the funds are disbursed to the student. Students can choose to make regular interest payments while in school, or have the interest capitalized at repayment

Tuck Educational Loan Corporation (TELCO) Loans

• For students who do not qualify for need-based DELC loans
• A student may borrow up to a total of $50,000 over the two years of the MBA education
• Variable interest rate set annually by members of the corporation. Current rate: 7.5 percent
• While the student is enrolled, interest is added to the loan as it accrues
• Repayment begins three months after graduation and payments are made monthly
• The maximum term of the loan will depend primarily on the size of the loan with consideration given to the student's total educational indebtedness
• Persons not meeting credit criteria may qualify with an approved guarantor
• Eligibility is based on the student's overall debt and creditworthiness
• No origination fee
  

Direct Graduate PLUS Loan

• For all credit-worthy students who are U.S. citizens or permanent residents
• Students must apply for maximum loan eligibility in subsidized and unsubsidized stafford loans
• Cost of attendance less other financial aid
• Fixed interest rate of 7.9 percent
• A 4 percent origination fee

All rates and terms are subject to change without notice.