The University of Oxford’s Saïd Business School will begin offering loans to international students through an exclusive pilot program with Banco Santander that starts next week. The program is designed to help students who may not have access to other financing options at a time when some banks have stopped lending to MBA candidates from outside the U.K., says Saïd Dean Peter Tufano.
Improving loan access for international students has been a priority for Tufano since he came to Saïd from Harvard Business School in 2011. That loan activity affects the school more so than other top MBA programs because its student body is over 90 percent international and just 15 percent of the current MBA class received scholarships. The new loan program begins May 22, according to Sarah Webster, a spokesperson for Santander.