Welcome To the EMBA Program!
The Executive MBA program (EMBA) maintains a full time financial aid office at UCLA Anderson School. The office is dedicated exclusively to working students' financing needs. Students may participate in the Federal Stafford and Federal Graduate PLUS student loan programs during their tenure at UCLA Anderson School. If you plan to receive financial aid, please review the steps in the financial aid process. EMBA is a two year program with enrollment in Fall, Winter, and Spring quarters.
If you are a U.S. Citizen or Permanent Resident, you may apply for the federal programs by completing the FAFSA application at www.fafsa.ed.gov. The UCLA School Code is #001315. This is the federal qualifier for the Federal Stafford and Federal Graduate PLUS programs. Regardless of income, student financing is available. UCLA participates in the Direct Loan Program, in which all federal loans will only be lent by the federal government (Department of Education).
Federal Stafford Loan
Up to $20,500 (U.S. Citizens and Permanent Residents only)
Federal Graduate PLUS
$20,500 and above (U.S. Citizens or Permanent Residents only)
EMBA students are enrolled in Fall, Winter and Spring quarters. Student charges are due at the beginning of Fall, Winter, and Spring quarters. Financial aid disbursements occur electronically to your BruinBill student billing account at UCLA 10 days prior to the start of the quarter. You must be enrolled in classes and posting credits to receive a financial aid award. If you fall below the quarter required posting units, you will be sent a bill to immediately pay back any ineligible student loan funding. If you have any questions, please contact the EMBA Financial Aid Office.
BruinDirect (Direct Deposit)
All EMBA students are required to sign up for BruinDirect. BruinDirect is the direct and secure way to receive your BruinBill student account refund. BruinDirect is the process that takes the refund from your BruinBill account and electronically deposits that refund into your personal checking account. A refund is generated on your BruinBill account when you receive funds, such as scholarships, grants, fellowships, stipends, loans or any non-payroll payments to students, which exceed the charges due.
Director of Financial Aid
Josh Keegan Goss
Financial Aid Counselor
EMBA/FEMBA Financial Aid Office
UCLA Anderson School
A105 Collins Center for Executive Education (Building A)
110 Westwood Plaza
Los Angeles, CA 90095
Phone: (310) 206-4141
FAX: (310) 206-3569
The Free Application for Federal Student Aid (FAFSA) for the 14-15 academic year may be completed beginning January 1, 2014.
You must fill out the FAFSA in order to participate in the federal student loan program, which includes the Federal Stafford loans and the Federal Graduate PLUS loan. You must be a U.S. Citizen or Permanent Resident to apply for federal student aid (if you are an international student, you will need to pursue a private loan). Here's how to apply:
Fill out the FAFSA at www.fafsa.ed.govThe UCLA School Code is #001315
You must be a U.S. Citizen or Permanent Resident to receive federal financial aid
Application information questions: (800) 433-3243
Technical Assistance: (800) 801-0576
Cost of Attendance is NOT the same as student charges. See the FAQ at www.fao.ucla.eduThe Federal government will be your lender (Department of Education)
Once you complete your FAFSA, you will receive your Student Aid Report (SAR). Please be sure to read your SAR because you may be required to submit additional documents for verification. If you have a Selective Service flag on your SAR, please contact the Selective Service office by visiting their website at http://www.sss.gov/ and by consulting this guide. You will need to request an Exemption Letter, which may take up to 4 months to process. If you have a request for the Selective Service documentation, you will not be able to move forward with the financial aid process until you receive your Exemption Letter from the Selective Service Office.
UCLA Electronic Financial Aid Notification (eFAN)
The Electronic Financial Aid Notification (eFAN) is the official notice of your financial aid eligibility for the academic year. The eFAN will be available in July 2014. To be eligible to borrow federal loans, you must be either a U.S. Citizen or Permanent Resident. You will not receive an eFAN unless you have been admitted to the program, have filled out the FAFSA, and have addressed any requests for additional documents. To retrieve your eFAN at UCLA:
1. Go to www.fao.ucla.edu
2. Select MyFAO
3. Log In
4. Accept, decline, or adjust your Federal Stafford and/or Federal Graduate PLUS student loan offer(s)
5. Under Self Reported Awards, please indicate any company sponsorship or reimbursement for 14-15 academic school year
6. Hit Submit
7. Go to http://studentloans.gov to electronically sign the MPNs (Master Promissory Notes) for the Direct Stafford and Direct Graduate PLUS loans
8. If you wish additional information about Federal Stafford and/or Federal Graduate PLUS loans, go to www.fao.ucla.edu and select "Publications" from the menu
For questions, contact the EMBA/FEMBA Financial Aid Office at 310-206-4141 or email the Director at firstname.lastname@example.org.
UCLA participates in the Direct Loan Program, in which all federal loans will only be lent by the federal government (Department of Education).
Federal Stafford Loan
1. Student must file a separate Federal Stafford loan Master Promissory Note (MPN) on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN)
2. With a Federal Stafford loan you may receive up to $20,500 per academic school year
3. Interest rate is 5.41% (subject to change each year)
4. 1.072% origination fee
5. 6 month grace period after graduation, 10 year payback on disbursed loans
6. No credit check
7. Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
8. Federal Stafford loan is disbursed in equal installments in Fall, Winter and Spring quarters
In addition to the Federal Stafford loan, students may elect to borrow a Federal Graduate PLUS loan.
Federal Graduate PLUS Loan
1. Student must file a separate Federal Graduate PLUS Loan Master Promissory Note (MPN) on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN)
2. Up and above the $20, 500 borrowed with a Federal Stafford loan
3. You must apply for a Federal Stafford loan first before being considered for a Federal Graduate PLUS loan.
4. No grace period, 10 year payback
5. Interest rate is 6.41% (subject to change each year)
6. 4.288% origination fee
7. *Credit Check Required*
8. Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
9. Federal Graduate PLUS loan is disbursed in equal installments in Fall, Winter and Spring quarters
Private Student Loans
1. For admitted students on H1-B work visas who are not US citizens and not permanent residents, Anderson has partnered with Eli Lilly Federal Credit Union to offer an International Graduate Student Loan. For details, visit the website here: http://www.uclaanderson.studentchoice.org/.
2. Some student may find it necessary to finance a portion of their education through private loan resources. UCLA has a preferred private loan lender list for MBA students. You may go to www.fao.ucla.edu Publications Preferred Private loan lender list prepared by UC Office of the President. You will see a list of private student loan lenders. You may substitute a private loan instead of the Graduate Plus loan if you wish.
Federal Vs. Private Loans
Students considering students loans need to be aware of the differences between federal student loans and private student loans:
- Federal Student loans are required by law to provide a range of flexible repayment option including, but not limited to, income-based and income-Contingent repayment plan we well as loan forgiveness that private lenders are not required to provide ·
- Federal direct loans are available to most student regardless of income. Other qualification criteria do apply for additional information please visit http://studentaid.ed.gov/eligibilty
- Private student loan lenders can offer variable interest rates that can increase of decrease over time, depending on market conditions. The interest rate on a private loan may depend on the borrower's and/or co-signers credit rating.
- The interest rate on a private loan may depend on the borrower's credit rating.
- Private student loans have a range of interest rates and fees and student should determine the interest rate of and any fees associated with, the private student loan included in their financial aid award package before accepting the loan. Student should contact the lender of the private loan or their EMBA financial aid office if they have questions about a private student loan.
Your credit history is important. If you are borrowing a Federal Graduate PLUS Loan, your credit will be checked before your loan is approved. Before applying for any loan, loan borrowers are required to examine your credit report. Negative items in your credit history can result in your being denied for your Federal Graduate PLUS Loan. You can request your credit report from any and/or all of the three major credit reporting companies:
You can request a free copy of your credit report online at: http://www.AnnualCreditReport.com once every 12 months from each credit reporting company.