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.

Fellowships
Federal Loans
Private Loans

Fellowships

Merit/Need Fellowships

Merit/need fellowships are awarded to students based on the strength of their admission application and need. Awards are for a one-year period and are made by the UCLA Anderson Fellowship Committee.

UCLA Staff Fellowship

UCLA staff and faculty who enroll in the Fully Employed MBA program may be eligible for the UCLA Staff Fellowship. Please see the following for requirements and disbursement information.
Requirements
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    At the time of admission, admit must be employed by UCLA full-time (100% time) in either a career OR contract position
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    Admits will be required to provide employment verification from the At Your Service Online portal
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    Ongoing receipt of the UCLA Staff Fellowship is contingent upon continued employment at UCLA. Each year, students must submit the employment verification from the At Your Service Online portal to Financial Aid by August 30th
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    Ongoing receipt of the UCLA Staff Fellowship requires the student to uphold the UCLA student code of conduct and be in good academic standing, which is defined as:
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      Enrollment in 2 courses per quarter
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      Maintaining a cumulative GPA of 3.0 or higher
Award Amount & Disbursement Schedule
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    Award is $9,000/year disbursed quarterly ($3,000/quarter) over all 3 years (total award: $27,000)
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    Award is disbursed quarterly before charges are due
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    Notification of award follows recommendation for admission release
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    Note that UCLA-sponsored aid per year (i.e. UCLA Staff Fellowship plus any other department fellowships) CANNOT exceed annual FEMBA charges. The UCLA Staff Fellowship may be reduced as a result of other department fellowships if the total awards exceed annual FEMBA charges

Outside Fellowships and Scholarships

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 Unsubsidized Loan

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).
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    Student must file a separate Federal Unsubsidized Loan Master Promissory Note (MPN) on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN).
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    With a Federal Unsubsidized Loan you may receive up to $20,500 per academic school year.
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    Interest rate is 5.84% (Effective July 1, 2015)
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    1.073% origination fee.
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    6 month grace period after graduation, 10 year payback on disbursed loans.
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    No credit check.
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    Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria.
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    Federal Stafford loan is disbursed in equal installments in Fall, Winter and Spring quarters.

Federal Graduate PLUS Loan

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)
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    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).
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    You must borrow the maximum with a Federal Stafford loan first before borrowing a Federal Graduate PLUS loan.
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    Interest rate is 6.84% (Effective July 1, 2015)
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    4.292% origination fee.
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    No grace period, 10 year payback.
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    *Credit Check Required*
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    Must be a U.S. Citizen or Permanent Resident and meet FAFSA criteria.
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    Federal Graduate PLUS loan is disbursed in equal installments in Fall, Winter and Spring quarters.

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

International Students

Federal vs Private Loans

Students considering students loans need to be aware of the differences between federal student loans and private student loans:

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    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.
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    Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
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    The interest rate on a private loan may depend on the borrower’s and/or co-signer's credit rating.
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    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 included in their financial aid award package 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.