You can also borrow money to finance the direct and indirect costs of your education. Student loans generally have lower interest rates and do not require that you begin repaying until after you have graduated. Generally speaking, student loans do not require collateral from the student. Schools often provide student loans, but not all universities lend their own money to students. Known as institutional loans, they are also repaid after the student graduates.
Universities set their own institutional loan interest rates, fees, limits, and repayment terms.
The best source of detailed information is the school's financial aid office. These programs give students work opportunities, very often on campus, to earn money for their educational expenses. Jobs under these programs generally accommodate the student's academic schedule, but typically can not provide sufficient funds to cover all living expenses. Teaching, research, and resident assistantships are also available for students with appropriate training and experience. Some employers provide full or partial tuition assistance for employees who are pursuing their MBA degree part time.