Skip to main content
Financing Your MBA
There are numerous ways to financially support your next phase of development. You can take advantage of various financing opportunities through loans, fellowships, tax benefits, and company sponsorship.
Federal & Private Loan Options
The most common form of financial assistance students utilize is federal and private loans. In fact 40-50% of your classmates will use loans to fund their Executive MBA.

Federal Direct Unsubsidized Student Loan

  • Must Be a US citizen or Permanent Resident
  • 5.28% fixed interest rate for 2021-22; 1.057% origination fee
  • The 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

  • Must be a US citizen or Permanent Resident
  • 6.28% fixed interest rate for 2021-22; 4.228% origination fee
  • Requires a credit check
  • Students can borrow up to the cost of education minus other financial aid
  • 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

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

Private Lenders

View a list of private lenders previously used by Anderson students

Private Lenders

Private Loan Guide

Obtain more information about private loans

Private Loan Guide

View a list of lenders that are set up in our database.

Preferred Private Lender List

The following private lenders are available for international students without U.S co-signers. Please be advised that international students may only borrow up to mandatory charges and health insurance.  This loan limit does not apply to Prodigy Finance.

All international private student loans below are made by the specific lending institutions and not the University.

Please be advised, to be eligible for the Discover Custom Graduate Loan, you must be residing in the United States during your program studies. Aggregate loan limits apply.

Discover®Custom Graduate Loan

  • Zero fees

Discover Custom Graduate Loan

Prodigy Finance

  • No co-signer required
  • May borrow up to 80% of the cost of attendance (as approved by the university)

Prodigy Finance


  • Zero fees
  • No co-signer required
  • 20 or 25 year repayment period
  • Apply once for your entire degree with a line of credit structure


  • Federal direct loans are available to most student regardless of income. Other qualification criteria do apply; for additional information, please visit  Federal loans offer flexible repayment options and loan forgiveness options.
  • Private student loan lenders can offer variable interest rates that can increase or decrease over time, depending on market conditions.
  • The interest rate on a private loan may depend on the borrower’s and/or co-signer's credit rating.
  • Private student loans have a range of interest rates and fees and students should determine the interest rate and any fees associated with the private student loan before accepting the loan. Students should contact the lender of the private loan or the Financial Aid Office if they have questions about a private student loan.

Note: If you are considering a loan to finance your MBA, please keep in mind the Cost of Attendance. The program fees for 2022-2023 are TBD. For reference, the program fees for 2021-2022 are $85,676. Items covered by the program fees include registration, student charges, books, software supplies, meals, and housing for on/off-campus residential. The estimated 2021-2022 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: $2,818. The total cost of attendance is $121,779.

Steps to Qualify for Federal Loans
Type Requirements Link Timeline
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. Financial Aid and Scholarships 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 Aid 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.  Bruin Direct Sep

Have Loan Questions? Reach Out to Eunice!

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.

Eunice can help you out with your best loan options for financing your MBA. Feel free to reach out for any loan-specific inquires. Note: For questions related to fellowships, fee contracts, or tuition payments, please contact the EMBA admissions office directly.

Eunice Cho
Associate Director of Financial Aid


All UCLA Anderson Executive MBA program applicants are automatically considered and evaluated for a fellowship; there is no separate application required. We conduct a holistic review of all applicants and notify fellowship recipients at the time of admission. We offer limited fellowships to approximately 10% of our incoming students.

The UCLA Anderson EMBA Dean’s Fellowship is awarded to new admits on their admission application's strength. All UCLA Anderson Executive MBA program applicants are automatically considered and evaluated for a fellowship; no separate application is required. We conduct a holistic review of all applicants and notify fellowship recipients at the time of admission. We offer limited fellowships to approximately 10% of our incoming students. Applying before Round 3 increases your fellowship opportunity, but all applicants are considered for a fellowship regardless of when the application is submitted. Fellowship recipients will be notified of their award at the same time admission offers are released. Fellowship availability, eligibility, and awards are subject to change without notice. 

UCLA staff and faculty who enroll in the Executive MBA program may be eligible for the UCLA Staff Fellowship. The total fellowship award amount is $15,000. Please contact EMBA Admissions for further eligibility requirements and more information. Fellowship recipients will be notified of their award at the same time admission offers are released. Fellowship availability, eligibility, and awards are subject to change without notice.  

Private agencies and organizations offer a variety of scholarships to MBA students. For external scholarships, please refer to the links below. UCLA Anderson has no direct affiliation with these resources, but we would like to make the latest information available to our students. Please confirm all information, especially dates and restrictions, with organizations directly.

Company Sponsorship
When considering how to finance your MBA, don’t overlook the possibility of your employer covering some, if not all, of the costs. Securing company sponsorship may feel intimidating, but with ample preparation and a well-thought-out plan, you may be pleasantly surprised by your company’s response. There are many reasons why a company might want to finance your MBA. You know your company best; it is up to you to convince them why financing your degree is worth their investment.

Step 1: Do Your Homework & Start Early

Step 2: Craft Your Proposal

Advice from UCLA Anderson EMBA Students

"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."

EMBA Student

“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."

EMBA Student

“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.”

EMBA Student

“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.”

EMBA Student

You can also reference our corporate brochure below: Grow and Retain Your Talent

“I work at a fortune 500 company that has an educational reimbursement policy, but I was seeking additional sponsorship and I was successful in securing nearly 100% sponsorship for the program. My advice is to start the conversation early, connect it to your company’s business goals and go directly to your management/business unit head, they likely have a discretionary budget they can use in this situation. Also, make it clear the skills you will gain from the program and how that will positively impact the company and your ability to lead and drive revenue.”

EMBA Student
GM and Sr. Director Product Marketing at Fortune 500 company

GI Bill
The Post 9/11GI Bill®, also known as the Post-9/11 Veterans Educational Assistance Act of 2008, made changes to the GI Bill's previous version, 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. You must send all document submissions and inquiries to our VA Coordinator, Ryan Redding, at
Potential Tax Benefits for Financing Your Executive MBA
Watch Associate Dean and Adjunct Professor of Accounting Gonzalo Freixes discuss how tax benefits can help pay for your MBA.