Financial Aid

 

There are numerous ways to financially support your next phase of development. In fact, approximately 50 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 Promsiri, for more information.

 

Fellowships

 

UCLA Anderson Executive MBA program automatically considers fellowships for all incoming-first year students only. When applying to the program, candidates are automatically entered into the evaluation for a fellowship. There is no separate application for fellowship consideration. We look holistically at a candidate’s leadership qualities, academic excellence, professional accomplishments, and their embodiment of the UCLA Anderson pillars of success. The number of fellowships vary each year and are only disbursed in the first year.

 

Financing Opportunities

 

Federal Direct Unsubsidized Student Loan

  • Must Be a US citizen or Permanent Resident
  • 6.08% fixed interest rate for 2019-20; 1.059% origination fee (will change every Oct. 1st)
  • 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 


Learn More

Federal Direct Graduate PLUS Loan

    • 7.08% fixed interest rate for 2019-20; 4.236% origination fee (will change every Oct. 1st)
    • 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 

Learn More

Private loans are available for U.S. Citizens, Permanent Residents and International Students with or without a U.S. Co-signer

Private Loans for International Students without U.S. Co-Signer

  • Offered by Quorum
  • No required fees
  • No cosigner required
  • 20 to 25 year repayment term
  • Offered by Discover Student Loans
  • No required fees
  • No cosigner required
  • 20 year repayment term
  • Rewards for good grades

GI Bill® 

The Post 9/11GI Bill®, also known as the Post-9/11 Veterans Educational Assistance Act of 2008 made changes to the previous version of the GI Bill which provided educational benefits to active duty military members and veterans. The first step toward using your GI Bill benefits is to apply for them through the VA online or in person at a regional VA office. Submit all paperwork directly to the UCLA Veteran’s Office for processing. All document submission and inquiries must be sent to our VA Coordinator, Ryan Redding at vabenefit@registrar.ucla.edu.

Learn How To Apply For GI Bill

 

Qualifying for Federal Loans

 

Please follow the steps below to qualify for Federal Loans:

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) for each 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
 

Have Questions? Reach out to Andy!

 

As an Associate Director of Financial Aid, Andy’s primary responsibilities are to support the administration and to disseminate information regarding fellowships, federal and private student loan programs to the MBA students and MBA prospects.

Andy can help you out with your best options for financing your MBA. Feel free to reach out for any financial aid specific inquires.

Andy Promsiri
Associate Director of Financial Aid
andy.promsiri@anderson.ucla.edu
(310) 825-0629