Yale University today announced a loan program beginning in the 2008-2009 academic year for international graduate and professional students.
The loans will have a ten-year repayment period, a 5% origination fee, a six-month grace period following separation or graduation from the University, and no co-signer requirement. These loans will carry a fixed interest rate of 7.75%. Interest accrues during the in-school period and will be capitalized at the end of the grace period.
These loans are for international graduate and professional school students only and application for these loans will be made at the financial aid office of each school.