Financing
Financing
 

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

 
 

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.

For reference, the FEMBA Class of 2020 program fees for the 2017-2018 academic year are $40,530 (standard course load), which include student charges, co-curricular costs, and parking.

PaymentAmountDue
Intent to Register (ITR)
(non-refundable deposit)
$2,000 Upon Admission
Fall Payment
(10 units x $1,530 per-unit fee) +
($250 Parking) - ($2,000 ITR)
$13,550 August 20, 2017
Winter Payment
(8 units x $1,530 per-unit fee) +
($250 Parking)
$12,490 December 20, 2017
Spring Payment
(8 units x $1,530 per-unit fee) +
($250 Parking)
$12,490 March 20, 2018
Total: $40,530

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 Adjunt Professor of Accounting Gonzalo Freixes discuss how an MBA is tax deductible for part-time students.

 

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.

 

Fellowships

 

FEMBA Fellowships are awarded to new admits based on the strength of their admission applications, as well as need. 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.

UCLA staff and faculty who enroll in the Fully Employed MBA program may be eligible for the UCLA Staff Fellowship. The fellowship award is $9,000/year disbursed quarterly ($3,000/quarter) over all 3 years (total award: $27,000). Please contact FEMBA Admissions or Financial Aid for eligibility requirements and more information. Please note that fellowship requirements/amounts are subject to change. No additional application required and fellowship award letters are released on the same date as the application decision notification.

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).

  • Student must file a separate Federal Unsubsidized Loan Master Promissory Note (MPN) on http://studentloans.gov after submitting the Electronic Financial Aid Notification (eFAN).
  • With a Federal Unsubsidized Loan you may receive up to $20,500 per academic school year.
  • Interest rate is 6.00% fixed (2017-18).
  • 1.066% origination fee (changes every October).
  • 6 month grace period after graduation, 10 year payback on disbursed loans.
  • 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.

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)

  • 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).
  • You must borrow the maximum with a Federal Stafford loan first before borrowing a Federal Graduate PLUS loan.
  • Interest rate is 7.00% fixed (2017-18).
  • 4.264% origination fee (changes every October).
  • Repayment begins 60 days after the final disbursement, borrower can request a deferment until six months after graduation.
  • 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.
 

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

  • Variable interest rate based on Prime or LIBOR Rate
  • 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 a list of preferred private student loan lenders, please visit:

INTERNATIONAL STUDENTS

International private student loans are available for business students enrolled in the Fully Employed MBA program at the
UCLA Anderson School of Management who are unable to qualify for a standard private loan or Federal Direct Loan.