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Financing Requirements

 

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 infromation is not required for graduae 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 that can be accessed at www.loans.ucla.edu. This session is a federal requirement. Failure to complete this requirement will cause a delay in your federal loan disbursement. 

UCLA Loans		 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.

Quorum  

Discover Student Loans

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

Bruin Direct		 Jul – Aug

Private Loans

Quorum

  • Finance up to $132,100, maximum $64,400 for the first year
  • Variable interest rate of Prime + 3.49% (starting rate currently at 7.99%)
  • No fees required
  • No cosigner required
  • 20 or 25 year payment period
  • Apply once for your entire degree with a line of credit structure

Quorum

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  • Finance up to $64,400 for your first year
  • Variable interest rate of 3-Month LIBOR + 6.49% (starting rate currently at 8.74%)
  • No fees required
  • No cosigner required
  • 20 year repayment period
  • Rewards for Good Grades

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