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Financing Requirements
 
These are the steps required to access student loans to finance your MBA. Loans are available to domestic and international applicants.

Federal Loans

Type Requirements Timeline
FAFSA

UCLA's Title IV School Code is 001315.  Parental information is not required for graduate students.

FAFSA

 Jan - Sept
Electronic Financial Aid Notification (e-FAN) Beginning in early summer 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. 

Financial Aid and Scholarships		 Jul – Aug
Master Promissory Note (MPN) All first-time federal loan borrowers are required to sign a Master Promissory Note (MPN) for each federal loan.

Federal Student Loans 		 Jul – Aug
Debt Management / Entrance Interview Session All first-time federal loan borrowers  are required to complete a Debt Management / Entrance Interview Session. This session is a federal requirement and failure to complete this requirement will cause a delay in your federal loan disbursement. 

Federal Student Aid		 Jul – Aug
Private Loans Two separate loan applications required: one for Summer and another one for Fall/Winter/Spring

List of private lenders		 Jul – Aug
Bruin Direct Sign up is available on BruinBill via MyUCLA

Bruin Direct		 Jul – Aug
Type Requirements Timeline
Loan Application

If needed, apply for only one private education loan.

Discover and Prodigy borrowers will need to submit a separate application if they want to borrow for Anderson Onboarding. Quorum borrowers will need to submit a separate draw request if they want to borrow for Anderson Onboarding.

Please be advised that Discover cannot disburse your loan if you are not physically here in the U.S. when the Fall 2020 term starts.

Discover Custom Graduate Loans

Prodigy Finance

Quorum

May-July
Bruin Direct Sign up is available on BruinBill via MyUCLA.

Bruin Direct		 Jul – Aug