Fully Employed MBA Financing

Obtaining an MBA is a major investment. The returns will impact you personally, professionally, and financially.

 

How to Finance FEMBA

 

Costs & Payment

 
The FEMBA Program is an 80-unit degree program. Program fees are billed on a per unit basis and due before the start of each quarter. Registration charges include student charges and co-curricular costs.

2023-2024 per-unit fee: $1,740

Please note fees are subject to adjustment each academic year.
Payment Amount Due
Intent to Register (ITR)
(non-refundable deposit)
$2,000 Upon Admission
Fall Payment
(10 units x $1,740 per-unit fee) -
($2,000 ITR)
$15,400 August 20, 2023
Winter Payment
(8 units x $1,740 per-unit fee)
$13,920 December 20, 2023
Spring Payment
(8 units x $1,740 per-unit fee)
$13,920 March 20, 2024
Total: $45,240

Please note fees are subject to adjustment each academic year.

Expenses not included in program fees:

  • • Laptop computer meeting Anderson's required specifications
  • • Course textbooks and readers
  • • Optional programs and courses such as Global Immersions
    and Exchange Courses which involve additional fees and expenses

FEMBA Tax Benefits

 
Watch Associate Dean and Adjunct Professor of Accounting Gonzalo Freixes discuss how tax benefits can help pay for your MBA.

Gonzalo Freixes speaking at a conference

Your ROI

 

Financial Aid

Advancing your career begins with financing your MBA. A dedicated financial aid office works exclusively to meet your financing needs and provide you with multiple options.

Consider Your Budget

 

All UCLA Anderson students are assigned a budget for the cost of education, including student charges, living expenses, books and supplies, and more. Typical Housing Costs information is also compiled by UC Office of the President and can give you an idea of housing costs in areas close to UCLA. You may receive fellowships and/or loans up to the amount of your expected budget for the academic year.

Estimated Student Budget for the 2023–2024 Academic Year 1
Estimated Program Charges 2 $46,400
UC Student Health Insurance Plan $5,999
Food/Housing $24,850
Books/Course Materials/Supplies $1,730
Transportation $3,300
Personal $2,780
Loan Fees $1,949
Total Estimated Budget
for the Academic Year
$87,008

1Budget listed is for one academic year.

2Students pay program charges each quarter that covers all class enrollments. Program charges listed are above are estimates for the 2023-24 academic year and are subject to change.

Fellowships

 

The UCLA Anderson FEMBA Dean’s Fellowship is awarded to new admits based on the strength of their admission applications and financial need (note: admits receiving 50% or more sponsorship are not eligible). The total fellowship award amount is up to $30,000, disbursed in quarterly installments. Fellowship recipients will be notified of their award at the same time admission offers are released. Fellowship availability, eligibility, and awards are subject to change without notice. Please note that UCLA Anderson fellowships plus any additional sponsorship you receive may not exceed total charges for the FEMBA program.

UCLA staff and faculty who enroll in the Fully Employed MBA program may be eligible for the UCLA Staff Fellowship. The total fellowship award amount is $30,000, disbursed in quarterly installments. Please contact FEMBA Admissions or Financial Aid for further eligibility requirements and more information. Fellowship recipients will be notified of their award at the same time admission offers are released. Fellowship availability, eligibility, and awards are subject to change without notice. Please note that UCLA Anderson fellowships plus any additional sponsorship you receive may not exceed total charges for the FEMBA program.

Many private organizations offer scholarships and fellowships to graduate students in all fields. There are a number of resources to help students search for scholarships:

Federal Loans

 

UCLA participates in the Direct Loan Program, in which all federal loans will only be lent by the federal government (Department of Education). Limit: Up to $20,500 (U.S. Citizens and Permanent Residents only). 

  • Must submit a FAFSA application
  • Must complete a separate Master Promissory Note (MPN) for the Unsubsidized Direct Loan
  • Must complete a Debt Management / Entrance Interview Session
  • The interest rate is 7.05% fixed (2023-24)
  • 1.057% origination fee (changes every October 1st)
  • Repayment begins six months after the student graduates or drops below half-time enrollment (4 units) 
  • The standard repayment term is 10 years
  • No credit check
  • Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
  • Federal Stafford loan is disbursed in equal installments in Fall, Winter, and Spring quarters
  • No prepayment penalty

Learn More

UCLA participates in the Direct Loan Program, in which all federal loans will only be lent by the federal government (Department of Education). Limit: Up to the Cost of Attendance (minus financial aid)

  • Must submit a FAFSA application
  • Must complete a separate Master Promissory Note (MPN) for the Grad PLUS Loan
  • Must complete a Debt Management / Entrance Interview Session
  • You must borrow the maximum with a Federal Stafford loan first before borrowing a Federal Graduate PLUS loan
  • The interest rate is 8.05% fixed (2023-24)
  • 4.228% origination fee (changes every October 1st)
  • Repayment begins six months after the student graduates or drops below half-time enrollment (4 units) 
  • The standard repayment term is 10 years
  • *Credit Check Required*
  • Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria
  • Federal Graduate PLUS loan is disbursed in equal installments in Fall, Winter, and Spring quarters
  • No prepayment penalty

Learn More

Type Requirements Link Timeline
FAFSA UCLA's Title IV School Code is 001315. Parental information is not required for graduate students. FAFSA Jan–Sep
Electronic Financial Aid Notification (e-FAN) Beginning in August of each year, the UCLA Central Financial Aid Office begins sending out electronic Financial Aid Notifications (e-FANs) which reflect your actual award. On this form, you are required to accept or decline awards offered. Financial Aid and Scholarships Aug–Sep
Master Promissory Note (MPN) All first-time federal loan borrowers are required to sign a Master Promissory Note (MPN) for each federal loan. Federal Student Aid Aug–Sep
Debt Management / Entrance Interview Session All first-time federal loan borrowers are required to complete a Debt Management / Entrance Interview Session. Federal Student Aid Aug–Sep
Bruin Direct In order to receive the remainder of your aid once your fees have been paid, we recommend that you sign up for Bruin Direct, a service whereby the university deposits any refund directly into your checking account.  Bruin Direct Sep

Private Loans

 
In addition to federal loans, students may also finance their education with private education loans, which are provided to the following groups:

U.S. CITIZENS AND PERMANENT RESIDENTS

  • Eligibility depends on borrower's credit score
  • Having a co-signer with good credit score could lower the interest rate
  • Repayment typically begins 6 months after student graduates or drops below half-time enrollment

For more information about private loans, please refer to the links below:

INTERNATIONAL STUDENTS

The following private lenders are available to international students. Co-signers may be required. International students may borrow up to the Cost of Attendance budget. Please contact the lender to learn more about their eligibility requirements.

All international loans are made by the specific lending institutions and not the University.

Federal vs Private Loans

 
Students considering students loans need to be aware of the differences between federal student loans and private student loans:
  • 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/eligibility.  Federal loans offer flexible repayment options and loan forgiveness options.
  • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
  • The interest rate on a private loan may depend on the borrower’s and/or co-signer's credit rating.
  • Private student loans have a range of interest rates and fees and students should determine the interest rate of and any fees associated with the private student loan before accepting the loan. Students should contact the lender of the private loan or the FEMBA Financial Aid Office if they have questions about a private student loan.

GI Bill

 
The Post 9/11GI Bill®, also known as the Post-9/11 Veterans Educational Assistance Act of 2008 made changes to the previous version of the GI Bill which provided educational benefits to active duty military members and veterans. The first step toward using your GI Bill benefits is to apply for them through the VA online or in person at a regional VA office. Submit all paperwork directly to the UCLA Veteran’s Office for processing. All document submissions and inquiries must be sent to UCLA Certifying Official at vabenefit@registrar.ucla.edu.