• International MBS, MEng, MS, MSTM, and MSGDA students who are neither citizens nor permanent resident aliens of the U.S. are eligible to borrow from this program.

  • The master promissory note is available on the KGI website.

  • The KGI Financial Aid Office answers questions about loan applications for this program: Financial_Aid@kgi.edu or 909.607.8258.

  • Each international KGI student is eligible for a KGI International Loan with the following annual loan limits:

    • $20,500
      • Master of Business and Science (MBS)
      • Master of Engineering (MEng) in Biopharmaceutical Processing
      • Master of Science (MS) in Applied Life Sciences
      • Master of Science in Translational Medicine (MSTM)
      • Master of Science in Human Genetics and Genomic Data Analytics (MSGDA)
    • $29,900
      • Postdoctoral Professional Masters (PPM)
  • A 2% origination fee is added to the principal amount owed for each loan in this program.

  • The interest rate for a given academic year is equal to the Wall Street Journal prime rate as of the preceding April 1 plus 5%, with a minimum interest rate of 8.5%.

  • Interest accrues from the date of each borrowing on the principal of the loan, and continues to accrue monthly on the principal and on previous unpaid accrued interest.

  • Students are billed monthly for accrued interest while still enrolled at KGI. Paying those bills is optional while still a student. However, students who choose to pay those optional bills will reduce the amount of accrued interest that is capitalized and added to the amount owed when the repayment period begins.

  • Borrowers must begin to repay the principal and accrued interest on their loans at the end of a six-month grace period following separation from KGI, which is typically graduation, except in cases of earlier withdrawal from KGI.

  • Borrowers have 10 years from the end of the six-month grace period following separation from KGI to repay their loans.

  • The total cost of the loan varies based on the interest rate, amount borrowed, and the amount of interest capitalized during enrollment and grace periods. The estimated maximum interest cost of the loan is $23,172, with an estimated maximum monthly payment of $588.93 for 120 months.

  • No, there is no prepayment penalty.

  • Borrowers are permitted one deferment for financial hardship for no more than six months. Interest continues to accrue during a hardship deferment. Any unpaid accrued interest is capitalized and added to the amount owed when the deferment ends and repayment begins.

  • Borrowers may defer principal payments while enrolled for at least a half-time course of study at an institution of higher education. Any unpaid accrued interest is capitalized and added to the amount owed when the deferment ends and repayment begins.

  • The Student Loans Department in the Financial Services Office at The Claremont Colleges Services (TCCS) is the administrator for repayments for this program. The contact there is:

    Krisztal Rangel
    Student Loan Specialist

  • TCCS contracts with an external billing service, Heartland ECSI, to send borrowers monthly bills for this program. Borrowers may contact Heartland ECSI or 1.888.549.3274.

  • Heartland ECSI also sends borrowers an IRS Form 1098-E each year by January 31 for the amount of interest paid during the previous calendar year for income tax filing purposes.

  • Borrowers need to notify the Student Loans Department in the Financial Services Office at TCCS of any change of address.

  • Delinquent accounts are referred to a collection agency, and borrowers become responsible for paying all collection costs, including legal fees, that the agency incurs to collect the balance owed. Past due interest continues to accrue on delinquent accounts referred for collection. Delinquent accounts are also reported to credit bureaus, which impacts the ability of borrowers to obtain other forms of credit in the United States, such as home mortgages, car loans, or personal loans.