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Financing Guide: Avila University MBA

A financing guide for Florence nurses applying to the Avila University MBA Healthcare program

Written by Kyle Hill
Updated over 2 weeks ago

Program: MBA Healthcare Management
Total Cost of Attendance: ~$25,676

What You Need to Cover

Category

Amount

Tuition & Fees

$13,070

Living Expenses

$10,200

Miscellaneous

$2,406

Total

$25,676

Your Funding Sources

1. Florence Scholarship - $7,000

All Florence nurses accepted into the Avila MBA program receive a $7,000 scholarship paid directly to the university. No application needed — this is automatic upon enrollment confirmation.

2. GlobCred Loan (No Co-signer) - $5,000

Florence nurses based in Ghana or Kenya qualify for a $5,000 loan through GlobCred with no co-signer, no collateral, and no guarantor required.

  • Repayment: 6 installments over 5 months at 2.5%/month (flat)

  • Total repayment: $5,790 ($5,000 principal + $750 interest + $40 one-time fees)

  • First payment: $999 due upfront to lock in your financing

  • Approval time: 24–48 hours

  • Currency: Repaid in Ghanaian Cedis or Kenyan Shillings at Google Rate + fixed markup

GlobCred is a loan facilitator, not a lender. Final approval is subject to their lending partner's credit assessment. If declined, you receive a full refund minus the $15 facilitation fee.

3. Covering the Remaining ~$13,676

Every nurse starts with the same two building blocks — the $7k Florence Scholarship and the $5k GlobCred loan (no co-signer). The difference is how you cover the remaining ~$13k. Choose the path that works for you:

Option

Details

Status

Family Funds

Any family member can contribute on your behalf

Available now

GlobCred

Additional GlobCred loan for the remaining balance; requires a co-signer

Available now

EdAid

Student financing partner — application via Florence

Coming Soon

How to Get Funded

  1. Confirm your Avila acceptance with Florence

  2. Your $7,000 Florence scholarship is applied automatically

  3. Apply for GlobCred ($5,000, no co-signer) at globcred.money — free to Florence students, do not pay any application or installment fees

  4. Arrange remaining funds via Family, EdAid, or a GlobCred loan (with co-signer)

  5. Once approved for visa, all funds are wired directly to Avila University

Questions?

Reach out to the Florence support team at [email protected] or contact GlobCred directly at [email protected].

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