>>MBA Financing

• // Step 1Consider Your Budget

  • All UCLA Anderson students are assigned a budget for the cost of education, including registration fees, living expenses, books and supplies, etc. You may receive fellowships, grants, and/or loans up to your expected  budget for the academic year.  

    Estimated 2013-2014 Student Budget *

    Non-Resident		Resident
    Estimated Tuition/Fees	$57,112	Estimated Tuition/Fees	$52,112
    Room/Board	14,322	Room/Board	14,322
    Computer Allowance (1st year only)	2,500	Computer Allowance (1st year only)	2,500
    Books/Supplies	2,400	Books/Supplies	2,400
    Travel	2,142	Travel	2,142
    Personal	2,340	Personal	2,340
    Loan Fees	549	Loan Fees	549
    TOTAL	$81,365	TOTAL	$76,365

    *The amounts shown here represent, for planning purposes, estimates of 2013-14 tuition and fees for existing and proposed professional degree programs.  Actual tuition, fees, and charges for 2013-14 have yet to be determined by The Regents of the University of California.  Accordingly, final figures are subject to change and many differ from 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. All financial aid packages are awarded for the nine-month annual budget regardless of your expected contribution. You may borrow the expected contribution in a Graduate PLUS or private loan.	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. This session is a federal requirement and consists of three components (Perkins Loans, Direct Loans, and Grad PLUS Loans). Failure to complete this requirement will cause a delay in your federal loan disbursement.	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

• // Step 3Browse Financing Opportunities

  • view funding option:

    fellowships federal loans private loans GI bill teaching assistantship outside funding: general outside funding: diversity outside funding: women outside funding: industry specific outside funding: international students

    All students, regardless of citizenship, are considered for the following fellowships:

    type	deadlines	description / eligibility	link
    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	Fellowships	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		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.

    type	deadlines	description / eligibility	link
    Federal Direct Unsubsidized Student Loan		Must Be a US citizen 6.8% fixed interest rate 1.051% origination fee Annual loan limit $20,500 Repayment begins six months after the student graduates or drops below half-time enrollment. The standard repayment term is 10 years. Flexible repayment options such as income based repayment Loan forgiveness program No prepayment penalty	Federal Direct Unsubsidized Student Loan
    Federal Direct Graduate PLUS Loan		7.9% fixed interest rate 4.204% 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	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.

    type	deadlines	description / eligibility	link
    Private Loans 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	Private Loan Guide Private Lender Lists
    Private Loans without a U.S. Co-signer		Offered by Eli Lilly Federal Credit Union (ELFCU) Finance up to $85,000 ($42,500 per year) Variable interest rate of Prime Rate +4.25% 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 fee Repayment term 20 - 25 years depending on loan balance	Private Loans without a U.S. Co-signer

    type	deadlines	description / 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

    type	deadlines	description / 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.  By becoming a TA or RA, you are eligible for a tuition remission, monetary compensation (approximately $27/hour), as well as health insurance fee remission. Opportunities in other departments are also available.	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 funding	type	description / 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 funding	type	description / 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 funding	type	description / 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 funding	type	description / 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 funding	type	description / 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