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Financing

 

Fees and Financing

Non-Refundable Application Fee:

$200

Non-Refundable Admission Enrollment Deposit:

$2,000

MFE Program Fees

$78,470*

*Fees are subject to change on an annual basis. These reflect the total program fees for the class entering Fall 2019. Fall 2020 fees have not yet been established. Each Spring, the University sets the fee rates for the upcoming academic year.

 

Program Fees & Health Insurance Costs for 2019-20

 
Fall 2019 Winter 2020 Spring 2020 Fall 2020 Total
Program Fees $19,617.50 $19,617.50 $19,617.50 $19,617.50 $78,470
Health Insurance $1,439.66 $1,439.66 $1,439.66 $1,439.66* $5,758.64
Total $21,057.16 $21,057.16 $21,057.16 $21,057.16 $84,228.64

The student health insurance fees listed above are for the academic year 2019-20 (Fall 19, Winter 20 & Spring 20).
*Health insurance costs for Fall 20 (which are part of the 2020-21 academic year) are subject to change.

Contact the Financial Aid office
 

Cost Breakdown

 
Fall, Winter and Spring
Program Fees $58,853
Room and board $21,600
Books $627
Travel $5,868
Personal $4,680
Health insurance $4,319
Computer (first year only) $1,137
Loan Fees $1,685
Total Eligibility $98,768

You may apply for this approximate amount in financial aid for the 2019-20 academic year (domestic students only).

Fall 2020 (part of 2020-21 academic year)
Program Fees $19,617.50*
Room and board $7,200
Books $209
Travel $1,956
Personal $1,560
Health insurance $1,440**
Loan Fees $562
Total Eligibility $32,544

You may apply for this approximate amount in financial aid for Fall Quarter 2020 (domestic students only).
*Fees are subject to change on an annual basis. This reflects the total program fees for the class entering Fall 2019. Program fees for the class entering Fall 2020 have not yet been established. Each Spring, the University sets the fee rates for the upcoming academic year.
**Health insurance cost is subject to change, as it is part of the 2020-21 academic year.

As an MFE student, you will be able to apply for student loans to pay for your student charges.

There are two types of loans available to MFE students: federal and private loans.
Please note that the total loan cannot exceed the cost of attendance.

Below are the loan options available for U.S. citizens and Permanent Residents.

Federal Direct Loan (Unsubsidized)

  • Limit of $20,500 a year
  • 6.08% fixed interest rate (2019-20) with 1.059% origination fee (will change in Oct.)
  • Repayment begins after student graduates or drops below half-time enrollment (4 units)
  • Flexible repayment: income based, loan forgiveness
Learn More

Federal Direct Grad PLUS Loan

  • May borrow up to cost of education minus other forms of financial aid
  • 7.08% fixed interest rate (2019-20) with 4.236% origination fee (will change in Oct.)
  • Requires a credit check
  • Repayment begins six months after graduation or drops below half-time enrollment (4 units)
  • Flexible repayment: income based, loan forgiveness
Learn More

The FAFSA application is required for federal loans. Please use school code 001315. First-time borrowers will also need to complete a debt management session and a Master Promissory Note (MPN) for each federal loan.

Many private loans are available to U.S. citizens, permanent residents and international students with a U.S. cosigner. Here's a list of private lenders used by Anderson students. Please refer to the private loan guide to obtain more information. You can also refer to the UCOP's preferred private lender list.

  • Fixed and variable interest rates
  • Eligibility depends on borrower’s credit and income-to-debt ratio (better to apply when still employed)
  • Having a cosigner with a good credit score can lower the interest rate
  • Repayment typically begins six months after student graduates or drops below half-time enrollment (4 units)

There are two lenders available for international students without U.S. cosigners.  Please be advised that international students may only borrow up for student charges and health insurance. 

Quorum

  • May borrow up to annual student charges and health insurance 
  • No fees required
  • Can submit one application for entire program*

*Submit one application for Quorum for the entire program to establish a line of credit. The maximum loan amount is approximately $84,229. For your second year (Fall 2019), as a returning borrower, you can request to draw down the amount you would like to apply for.

Learn More

Discover Student Loans

  • May borrow up to annual student charges and health insurance 
  • No fees required
  • Must submit an application for each academic year
  • Cash Rewards for Good Grades
Learn More
Fall 2019 Winter 2020 Spring 2020 Fall 2020 Total
Program Fees $19,617.50 $19,617.50 $19,617.50 $19,617.50 $78,470
Health Insurance $1,439.66 $1,439.66 $1,439.66 $1,439.66* $5,758.64
Total $21,057.16 $21,057.16 $21,057.16 $21,057.16 $84,228.64

The student health insurance fees listed above are for the academic year 2019-20 (Fall 19, Winter 20 & Spring 20).
*Health insurance costs for Fall 20 (which are part of the 2020-21 academic year) are subject to change.

 

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