Financial Aid

 

There are numerous ways to financially support your next phase of development. In fact, approximately 75 percent of your classmates will choose some form of financial assistance. If the detailed information we provide on various options for financial aid doesn’t answer your questions, please reach out to our financial aid advisor, Andy Promisiri, for more information.

 

Financing Overview

 
TypeRequirementsLinkTimeline
FAFSA UCLA’s Title IV School Code is 001315. Parental information is 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) that 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) 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
 

Financing Opportunities

 

Fellowships

Description/Eligibility
Outside Fellowships and Scholarships
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:
UCLA Graduate Division - Graduate & Postdoctoral Extramural Support Database (GRAPES)
Fastweb.com
Collegenet.com
Gates Millennium Scholars Program

Federal Loans

Federal Direct Unsubsidized Student Loan
  • Must be a U.S. citizen or permanent resident
  • 6.00% fixed interest rate for 2017–18; 1.069% origination fee
  • Annual loan limit $20,500
  • Repayment begins 6 months after graduation or enrollment drops below half-time (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
  • 7.00% fixed interest rate for 2017–18; 4.276% 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 available
  • Loan forgiveness program
  • No prepayment penalty
  • Annual interest rate may vary based on 10-year Treasury notes

Federal Direct Graduate PLUS Loan

Private Loans

Private Loans for U.S. Citizens and Permanent Residents and 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

Private Loan for International Students without U.S. Co-Signer
  • Offered by Elements Financial
  • Finance up to $100,000 ($50,000 per year)
  • Variable interest rate of Prime Rate + 3.5% (starting rate currently 7.25% APR)
  • 3% draw fee added to each loan disbursement
  • No cosigner required
  • No credit check
  • Discount rates with a co-borrower and automatic payments
  • Flexible repayment options, including full deferment of payments while in school
  • No prepayment penalty
  • Repayment term 20–25 years, depending on loan balance

Elements Financial
  • Offered by Discover Student Loans
  • Finance up to $62,907 per year)
  • Variable interest rate of 3-month LIBOR + 6.99% (starting rate currently 8.37% APR)
  • Zero Fees
  • No Cosigner 
  • No payments required until 9 months after graduation or enrollment status drops below half-time (4 units)
  • Rewards for good grades
  • 20 years standard repayment
Discover Student Loans

GI Bill

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