Note: If you are considering a loan to finance your MBA, please keep in mind the Cost of Attendance. The program fees for 2021-2022 are TBD. For reference, the program fees for 2020-2021 are $83,996. Items covered by the program fees include registration, student charges, books, software supplies, meals, and housing for on/off-campus residential. The estimated 2020-2021 student budget includes the following expenses with the corresponding maximum loan credit: Room/board: $21,600, Computer: $1,137, Travel: $5,868, Personal: $4,680, and Loan Fees: $3,127. The total cost of attendance is $120,408.
|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.||Federal Student Aid||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|
As the Associate Director of Financial Aid, Eunice's primary responsibilities are supporting the administration and disseminating information regarding federal and private student loan programs to the MBA students and MBA prospects.
"I was asked to take on a new position, where the educational training was relevant. If a company is putting you on a career path where the degree is helpful, I think positioning this as a way for you to be more effective in the position they want you to fill is powerful because it makes it about their plans for you and not your own plans for yourself. I made a proactive case about how the education would save the company money. Before starting, I supported our external consultants in developing our company strategy, and we spent millions every year on consulting companies. Now we spend $0, and I have taken on some of their prior responsibilities, so it actually worked. Showing a return on investment is always helpful. Lastly, giving the company a say in what electives you will take shows good faith, makes them part of the process, and also would reduce any concern that the degree is a way to get some different job somewhere else."
“Don’t assume your company will say no. I had no history of this being done at my company, but I still moved forward with the request. My direct boss was 100% supportive – this is critical. I had to write a business proposal, and I focused on specific projects that I could take on and how the MBA would enhance/supplement my skills. I talked about cascading some of the knowledge to the team and implementing the learnings from the MBA. This wasn’t much about the technical skills, but continuing to grow as a leader (soft skills) and ensuring that my team was growing along. The MBA benefit wasn’t just for me. I was going to make sure there was some benefit for the team, which there has been."
“My company was going through an acquisition and change of leadership; the new leadership wanted me to stay with the company because I had over 10 years of experience working with the product. I was planning to get my MBA and leveraged this contract negotiation to ask my company to sponsor the degree financially. Since this wasn’t something the company had ever done before, I proactively paid a small fee to a CPA who helped me understand the best way to structure the deal and presented that information to senior leadership. The company decided to pay me a bonus that covered the cost of the program, plus the taxes. In return, I did sign a retention commitment with the company. In summary, if you know you bring unique value to your company, then definitely ask for sponsorship of your MBA and express your commitment to the company moving forward.”
“I was part of a re-acquisition and company pivot. I was asked to lead a company that would be trying to shed its previous business model, and I (vaguely) understood how intense the process would be and that I needed more, new, and better skills to have a shot at success. I made attending UCLA’s Executive MBA program a requirement for accepting the role. I treated my education as a direct benefit to the company, and my advice to applicants negotiating a similar arrangement is to do the same. Two months from graduation, I can honestly say that the company has gotten more than its money’s worth already.”