>>MBA Financing

  • // Step 1Consider Your Budget
    • All UCLA Anderson students are assigned a budget for the cost of education, including student charges, living expenses, books and supplies, etc. You may receive fellowships and/or loans up to your expected  budget for the academic year.  

      Estimated 2014-2015 Student Budget *

       

       

      Budget Item 

      Non-Resident 

      Resident 

      Estimated Student Charges*

      53,148

      48,148

      UC Student Health Insurance Plan* 

      3,011

      3,011

      Room/Board

      17,719

      17,719

      Computer Allowance
      (1st year only)

      2,000

      2,000

      Books/Supplies

      1,494

      1,494

      Travel

      2,842

      2,842

      Personal

      2,460

      2,460

      Loan Fees

      1,132

      1,132

      TOTAL

      $83,806

      $78,806

      *The student charges posted to the student billing statements are estimates based on existing amounts.  These figures may not be final.  Accordingly, final approved student charges (and thus a student's final balance due) may differ from the amounts shown.

       **Budget listed is for one academic year.
       *** Out-of-state students can petition to become an in-state resident in their second year at UCLA Anderson.

  • // Step 2Look at Financing Requirements
    • type requirements link timeline
      FAFSA UCLA's Title IV School Code is 001315.Parental information not required for graduate students. FAFSA January-September
      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

       

      August-September

      Master Promissory Note (MPN) All first-time federal loan borrowers are required to sign a Master Promissory Note (MPN) Federal Student Loans  August-September
      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 August-September
      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 September
      California Residency

      If you attended high school for at least three years in the state of California then you may qualify for AB 540 status, which waves your non-resident program fees.

      Nonresident students can apply for residency for the second year in the program (U.S. citizens and permanent residents only).  The Residence Deputy requires documentation of your intent and length of residence, including, but not limited to:

      • Copy of your voter registration card
      • Copy of your California Driver's License
      • Proof of auto registration in California
      • Proof of accounts in California banks

      It is strongly recommended that all non-resident students initiate this process at the start of the fall term.

       UCLA Registrar's Office September
  • // Step 3Browse Financing Opportunities
    • view funding option:

      typetimelinedescription / eligibilitylink
      Merit Fellowships Upon Admission Merit fellowships are awarded to students based on the strength of their admission application. Awards are for a two-year period and are made by the UCLA Anderson Fellowship Committee. 
      Donor Fellowships Upon Admission Through the generosity of alumni, corporate, foundation, and individual donors, we award fellowships based on selection criteria such as professional development, intended career, community involvement, and/or financial need. 
      Second-Year Donor Fellowships Varies Students can apply for a limited number of donor fellowships in their second year. Awards are based on first-year grades in the core courses, involvement in the UCLA Anderson community and other criteria set by the donors. 
      External Fellowships Varies Private agencies and organizations offer a variety of scholarships to MBA students.  External Fellowships
      Consortium Fellowships April Applicants who are admitted through The Consortium process and become Consortium members are considered for full tuition and fee fellowships based on the strength of their admission application. Awards are for a two-year period and are made by the UCLA Anderson Fellowship Committee. Consortium Fellowships
      Nozawa Fellowship Upon Admission George and Kimiko Nozawa Endowment in U.S. Japan Studies provides fellowships to foreign graduate students, with preference given to Japanese students and to support professional research and other academic activities related to management and business in the United States and the Pacific Basin Region.  
      In order to qualify for the Federal Direct Loans student must be a U.S. citizen or permanent resident, enrolled at least half-time (4 units or more) and not be in default on a federal student loan.
      typedeadlinesdescription / eligibility link
      Federal Direct Unsubsidized Student Loan

      Must Be a US citizen or Permanent Resident

      6.21% fixed interest rate
      1.072% origination fee

      Annual loan limit $20,500

      Repayment begins six months after the student graduates or drops below half-time enrollment (4 units).

      The standard repayment term is 10 years.

      Flexible repayment options such as income based repayment

      Loan forgiveness program

      No prepayment penalty

      Annual interest rate may vary based on 10-year Treasury notes

      Federal Direct Unsubsidized Student Loan
      Federal Direct Graduate PLUS Loan

      7.21% fixed interest rate
      4.288% origination fee

      Requires a credit check

      Students can borrow up to the cost of education minus other financial aid.

      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.

      Flexible repayment options such as income based repayment

      Loan forgiveness program

      No prepayment penalty

      Annual interest rate may vary based on 10-year Treasury notes

      Federal Direct Graduate PLUS Loan
      Private loans are available for U.S. Citizens, Permanent Residents and International Students with or without a U.S. Co-signer.
      typedeadlinesdescription / eligibility link
      Private Loans for U.S. Citizens and Permanent Residents
      & International Students with U.S. Co-signer
      Variable interest rate based on Prime or LIBOR Rate

      Offered by private lenders

      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

      Repayment terms range from 15-25 years depending on the lender and loan amount 

      Preferred Private Lender List

      Private Loan Guide

      Private Student Loan Information and SB1289 (Corbett) Disclosure Statement

      UCLA Code of Conduct

      Private Loans for International Students without a U.S. Co-signer

      Offered by Eli Lilly Federal Credit Union (ELFCU)

      Finance up to $100,000 ($50,000 per year)

      Variable interest rate of Prime Rate +4.0%

      Ceiling Rate of 18.0%

      3% draw fee added to each loan disbursement.

      Flexible repayment options, including full deferment of payments while in school.

      No prepayment penalty
      Repayment term 20 - 25 years depending on loan balance

      Private Loans without a U.S. Co-signer
      typedeadlinesdescription / eligibility link
      Post-9/11 GI Bill Yellow Ribbon Program UCLA Anderson participates in the Yellow Ribbon Program for out-of-state students. To be considered, please contact the UCLA Anderson Financial Aid Office.

      GI Bill
      typedeadlinesdescription / eligibility link
      Teaching Assistants

      Approximately 16% of full-time second-year students serve as TAs or RAs in the MBA program every year. These positions are chosen by our faculty so we encourage you to do well in your classes and to get to know your professors. 

      Teaching Assistants
      For outside scholarships, grants and loans, please refer directly to their websites for more information on eligibility and applications for these independent programs. UCLA Anderson has no direct affiliation with these resources, but we like to make the latest information available to our students.
      name of fundingtypedescription / eligibility link
      American Institute of Polish Culture, Inc. Scholarships Polish descent

      American Institute of Polish Culture, Inc.
      Fulbright Scholar Program Grants Citizens of all countries Fulbright Scholar Program
      The Harry S. Truman Scholarship Foundation Scholarships U.S. citizen or permanent resident The Harry S. Truman Scholarship Foundation
      The James and Mary Dawson Scholarship Scholarships Scottish birth or descent The James and Mary Dawson Scholarship
      John Gyles Education Center Scholarships U.S. or Canadian citizen John Gyles Education Center
      Mustard Seed Foundation Fellowships Christian students Mustard Seed Foundation
      The Paul & Daisy Soros Fellowship for New Americans Fellowships Naturalized citizen, permanent resident, or U.S. citizen whose parents were born outside the U.S. The Paul & Daisy Soros Fellowships for New Americans
      Scholarship Foundation of Santa Barbara Scholarships/Loans U.S. citizen or permanent resident from Santa Barbara Scholarship Foundation of Santa Barbara
      United Methodist Church Scholarships Full member of The United Methodist Church United Methodist Church
      USA Funds Scholarships U.S. citizen or permanent resident with financial need USA Funds
      The Woodrow Wilson National Fellowship Foundation Fellowships U.S. citizen The Woodrow Wilson National Fellowship Foundation
      name of fundingtypedescription / eligibility link
      Africa-America Institute Fellowships/Grants African Americans Africa-America Institute
      American Indian Graduate Center Fellowships American Indian and Alaska Native American Indian Graduate Center
      American Institute of CPAs Scholarships Minority Accounting Students American Institute of CPAs
      Congressional Hispanic Caucus Institute Scholarships Latino students (U.S. citizen or permanent resident) Congressional Hispanic Caucus Institute
      The Goldman Sachs Fellowships Black, Hispanic, and Native American MBA students interested in financial services The Goldman Sachs
      The Korean American Scholarship Foundation Scholarships Korean American students The Korean American Scholarship Foundation
      National Black MBA Association Scholarships Minority MBA students National Black MBA Association
      The National Italian American Foundation Scholarships Italian American students The National Italian American Foundation
      National Society of Hispanic MBAs Scholarships U.S. citizen or permanent resident of  Hispanic heritage National Society of Hispanic MBAs
      Native American Finance Officers Association Scholarships Native American and Alaska Native students Native American Finance Officers Association
      Point Foundation Scholarships Lesbian, gay, bisexual and transgender students Point Foundation
      Robert A. Toigo Foundation Fellowships Minority committed to careers in finance Robert A. Toigo Foundation
      name of fundingtypedescription / eligibility link
      American Association of University Women (AAUW) Fellowships/Grants Women (Domestic and International American Association of University Women (AAUW)
      P.E.O. International Peace Scholarship Scholarships Scholarship for International women P.E.O. International Peace Scholarship
      name of fundingtypedescription / eligibility link
      Association of Management Consulting Firms Scholarships Commitment to management consulting Association of Management Consulting Firms
      Direct Works Scholarships U.S. citizen or permanent resident pursuing a career in marketing Direct Works
      Government Finance Officers Association (GFOA) Scholarships Government Finance Government Finance Officers Association (GFOA)
      International Council of Shopping Centers Foundation Scholarships ICSC members with preference for a career in retail real estate International Council of Shopping Centers Foundation
      Pension Real Estate Association Scholarships Majoring or concentrating in real estate Pension Real Estate Association
      Switzer Foundation Fellowships Students whose studies are directed toward improving environmental quality Switzer Foundation
      name of fundingtypedescription / eligibility link
      The American-Scandinavian Foundation Fellowships/Grants Citizens of all Scandinavian Countries The American-Scandinavian Foundation
      Australia to USA Fellowship Fellowships/Grants Citizens of Australia Australia to USA Fellowship
      Banco de Credito BCP Peru Loans Citizens of Peru Banco de Credito BCP Peru
      The Belgian American Educational Foundation Fellowships Citizens of Belgium The Belgian American Educational Foundation
      The Canadian Federation of University Women (CFUW/FCFDU) Fellowships/Grants Citizens of Canada The Canadian Federation of University Women (CFUW/FCFDU)
      CONICYT Scholarships Scholarships Citizens of Chile CONICYT Scholarships
      Eduarda Justo Foundation Scholarships Citizens of Spain Eduarda Justo Foundation
      FANTEL Scholarships for Higher Education Scholarships Citizens of El Salvador FANTEL Scholarships for Higher Education
      Financial Support to Norwegian Students Abroad Grants Citizens of Norway Financial Support to Norwegian Students Abroad
      Fundacion Caja Madrid Fellowships/Grants Citizens of Spain Fundacion Caja Madrid
      Fundação Estudar  Fellowships/Grants Citizens of Brazil Fundação Estudar 
      General Sir John Monash Foundation Scholarships Citizens of Australia General Sir John Monash Foundation
      Hungarian-American Enterprise Scholarship Fund Scholarships Citizens of Australia Hungarian-American Enterprise Scholarship Fund 
      Inlaks Shivdasani Foundation Scholarships Citizens of Hungary Inlaks Shivdasani Foundation
      Instituto de Credito Oficial Scholarships Citizens of Spain Instituto de Credito Oficial
      Instituto Ling Scholarships Citizens of Brazils Instituto Ling
      La Caixa Scholarships Citizens of Spain La Caixa
      Lebanese International Finance Executives Scholarships Citizens of Lebanon Lebanese International Finance Executives
      LearnInUSA Vernon Moore Scholarship Scholarships For Chinese Nationals living outside of China LearnInUSA Vernon Moore Scholarship
      Leo S. Rowe Pan American Fund Loans Citizens of all Latin and Caribbean Countries Leo S. Rowe Pan American Fund
      MBA Strategy Company Ukraine Scholarships Citizens of Ukraine MBA Strategy Company Ukraine
      The Netherland-American Foundation Scholarships Citizens of Netherlands The Netherland-American Foundation
      NOVA and BCG MBA Scholarship Scholarships Citizens of Italy NOVA and BCG MBA Scholarship
      Sampoerna Foundation MBA in US and Europe Scholarship Scholarships Citizens of Indonesia Sampoerna Foundation MBA in US and Europe Scholarship
      Talentia Scholarship Program Scholarships Citizens of Spain Talentia Scholarship Program
      The World Bank Family Network Scholarships International female nationals of a lower or middle income country The World Bank Family Network