Fees and Financing

Non-Refundable Application Fee:

$200

Non-Refundable Admission Enrollment Deposit:

$2,000

MFE Program Fees*

$75,816 *

*Fees are subject to change on an annual basis. These reflect the total program fees for the class entering Fall 2018. Fall 2019 fees have not yet been established. Each Spring, the University sets the fee rates for the upcoming academic year.

 

Estimated Cost of Attendance for 2018-19

 
Fall 2018 Winter 2019 Spring 2019 Fall 2019 Estimated Total
Estimated Student Charges $18,954 $18,954 $18,954 $18,954 $75,816
Health Insurance $1,300.64 $1,300.64 $1,300.64 $1,365* $5,266.92
Estimated Total $20,254.64 $20,254.64 $20,254.64 $20,319 $81,080.92

*Health insurance cost is subject to change.

 

Cost Breakdown

 
Fall, Winter and Spring
Estimated Student Charges $56,862
Room and board $17,129.57
Books $521
Travel $2,160
Personal $3,096
Health insurance $3,901.92
Computer (first year only) $851
Loan Fees $1,037
Total Eligibility $85,558

You may apply for this approximate amount in financial aid for the 2018-19 academic year (domestic students only).

Fall 2019 (part of 2019-20 academic year)
Estimated Student Charges $18,954
Room and board $5,706
Books $174
Travel $720
Personal $1,032
Health insurance $1,365*
Loan Fees $345
Total Eligibility $28,296

You may apply for this approximate amount in financial aid for Fall Quarter 2019 (domestic students only).

*Health insurance cost is subject to change, as it is part of the 2019-20 academic year.

As an MFE student, you will be able to apply for student loans to pay for your student charges.

There are two types of loans available to MFE students: federal and private loans.
Please note that the total loan cannot exceed the cost of attendance.

Below are the loan options available for U.S. citizens and Permanent Residents.

Federal Direct Loan (Unsubsidized)

  • Limit of $20,500 a year
  • 6.6% fixed interest rate (2018-19) with 1.062% origination fee (will change in Oct.)
  • Repayment begins after student graduates or drops below half-time enrollment (4 units)
  • Flexible repayment: income based, loan forgiveness

Federal Direct Grad PLUS Loan

  • May borrow up to cost of education minus other forms of financial ai
  • 7.6% fixed interest rate (2018-19) with 4.248% origination fee (will change in Oct.)
  • Requires a credit check
  • Repayment begins six months after graduation or drops below half-time enrollment (4 units)
  • Flexible repayment: income based, loan forgiveness

The FAFSA application is required for federal loans. Please use school code 001315. First-time borrowers will also need to complete a debt management session and a Master Promissory Note (MPN) for each federal loan.

Many private loans are available to U.S. citizens, permanent residents and international students with a U.S. cosigner.  Here's a list of private lenders used by Anderson students.   Please refer to the private loan guide to obtain more inforamtion.  You can also refer to the UCOP's preferred private lender list.

  • Fixed and variable interest rates
  • Eligibility depends on borrower’s credit and income-to-debt ratio (better to apply when still employed)
  • Having a cosigner with a good credit score can lower the interest rate
  • Repayment typically begins six months after student graduates or drops below half-time enrollment (4 units)

There are two lenders available for international students without U.S. cosigners.  Please be advised that international students may only borrow up for student charges and health insurance. 

Quorum

  • May borrow up to annual student charges and health insurance
  • Variable interest rate starting at 8.74% (Prime Index + 3.49%)
  • No fees required
  • Can submit one application for entire program*

*Submit one application for Quorum for the entire program to establish a line of credit. The maximum loan amount is $81,080.92. For your second year (Fall 2019), as a returning borrower, you can request to draw down the amount you would like to apply for.

Discover Student Loans

  • May borrow up to annual student charges and health insurance
  • Variable interest rate starting at 8.87% (3 month LIBOR + 6.49%)
  • No fees required
  • Must submit an application for each academic year
  • Rewards for Good Grades
Fall 2018 Winter 2019 Spring 2019 Fall 2019 Estimated Total
Estimated Student Charges $18,954 $18,954 $18,954 $18,954 $75,816
Health Insurance $1,300.64 $1,300.64 $1,300.64 $1,365* $5,266.92
Estimated Total $20,254.64 $20,254.64 $20,254.64 $20,319 $81,080.92

*Health insurance cost is subject to change.