Executive MBA and Cross Continent
Each year Fuqua funds a limited number of highly competitive, merit-based scholarships that are awarded to admitted applicants. The Duke Executive MBA Office of Admissions reviews applicants and makes award determinations after a student is offered admission to The Duke Executive MBA program.
An International Student with a U.S. co-signer can borrow through other financial institutions at possibly a lower interest rate than the Coastal Federal International Student Loan Program. Private/Alternative Loans are credit-based student loans that require a U.S. Citizen or Permanent Resident co-signer. Students may borrow up to the Cost of Attendance less other financial aid. These loans provide for in-school deferment of payments and a post-graduation grace period. Both the grace period and the repayment period can vary by lender. Please refer to the Duke University Recommended Lender List to view a list of loan programs and to learn more about specific interest rates, repayment terms, and other loan features.
Fuqua is proud to offer a student loan program for international students through Coastal Federal Credit Union (Coastal). Coastal is a successful and long-standing financial institution and does not require a co-signer. You are applying directly for a line of credit with Coastal. A credit union is a bit different from a traditional bank in that you must become a "member" and establish a small savings account of $25 to utilize their loan services. Coastal Federal Credit Union offers a very competitive rate of prime plus 5%. With the current prime rate of 3.25%, the rate would be 8.25%. Effective January 1, 2013, the Coastal Loan program included a 3% origination fee that will be added to the principal borrowing amount.
Loan Borrowing Eligibility:
- Starting Fuqua Program in 2015: Currently enrolled students and newly admitted students who will start their Fuqua program in 2015 may borrow up to 90% of their cost of attendance, minus any other aid.
- Starting Fuqua Program in 2016: Newly admitted students who will start their Fuqua program in 2016 may borrow up to 80% of their cost of attendance, minus any other aid.
We have provided a list of external funding programs from various international agencies. We encourage you to view the list of programs as you may find a suitable funding source.