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 2021 program fees for the 2018-2019 academic year are $41,016 (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 $1,560 per-unit fee) +
($152 Parking) - ($2,000 ITR)
$13,752 August 20, 2018
Winter Payment
(8 units x $1,560 per-unit fee) +
($152 Parking)
$12,632 December 20, 2018
Spring Payment
(8 units x $1,560 per-unit fee) +
($152 Parking)
$12,632 March 20, 2019
Total: $41,016

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 tax benefits can help pay for your MBA.

 

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

 

The UCLA Anderson FEMBA Dean’s Fellowship is awarded to new admits based on the strength of their admission applications (note: admits receiving 100% sponsorship are not eligible). The total fellowship award amount is $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 seperate Master Promissory Note (MPN) for the Unsubsidized Loan.
  • Interest rate is 6.6% fixed (2018-19).
  • 1.062% origination fee (changes every October 1st).
  • 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)

  • Must complete a separate Master Promissory Note (MPN) for the Grad Plus Loan.
  • You must borrow the maximum with a Federal Stafford loan first before borrowing a Federal Graduate PLUS loan.
  • Interest rate is 7.6% fixed (2018-19).
  • 4.248% origination fee (changes every October 1st).
  • 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.
Type Requirements Link Timeline
FAFSA UCLA's Title IV School Code is 001315. Parental information 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. FAO 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 Loans Aug–Sep
Debt Management / Entrance Interview Session All first-time federal loan borrowers are required to complete a Debt Management / Entrance Interview Session that can be accessed at www.loans.ucla.edu. UCLA Loans 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. You can sign up for Bruin Direct at www.sfs.finance.ucla.edu. 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

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

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.

 

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.
  • 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 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.
 

GI Bill

 

The GI Bill® can pay full tuition for veterans at UCLA Anderson.