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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*

*Program charges are subject to change on an annual basis. These reflect the total program charges for the class entering Fall 2020. Fall 2021 fees have not yet been established. Each Spring, the University sets the program charges for the upcoming academic year.

 

Program Charges & Health Insurance Costs for 2020-21

 
Fall 2020 Winter 2021 Spring 2021 Fall 2021 Total
Program Charges $19,617.50 $19,617.50 $19,617.50 $19,617.50 $78,470
Health Insurance $1,485.99 $1,485.99 $1,485.99 $1,485.99* $5,943.96
Total $21,103.49 $21,103.49 $21,103.49 $21,103.49 $84,413.96

The student health insurance fees listed above are for the academic year 2020-21 (Fall 20, Winter 21 & Spring 21).
*Health insurance costs for Fall 21 (which are part of the 2021-22 academic year) are subject to change.

Contact the Financial Aid office
 

Cost of Attendance

 

For Financial Aid purposes, students are assigned a budget for the cost of education, including student charges, living expenses, books and supplies, and more. Typical Housing Costs information is also compiled by UC Office of the President and can give you an idea of housing costs in areas close to UCLA.

Fall, Winter and Spring
Program Charges $58,853
Room and board $21,600
Books $627
Travel $5,868
Personal $4,680
Health insurance $4,458
Computer (first year only) $1,137
Loan Fees $1,815
Total Eligibility $99,038

You may apply for this approximate amount in financial aid for the 2020-21 academic year (domestic students only).

Fall 2021 (part of 2021-22 academic year)
Program Charges $19,618*
Room and board $7,200
Books $209
Travel $1,956
Personal $1,560
Health insurance $1,486**
Loan Fees $605
Total Eligibility $32,634

You may apply for this approximate amount in financial aid for Fall Quarter 2021 (domestic students only).
*Charges are subject to change on an annual basis. This reflects the total program charges for the class entering Fall 2020. Program fees for the class entering Fall 2021 have not yet been established. Each Spring, the University sets the charges for the upcoming academic year.
**Health insurance cost is subject to change, as it is part of the 2021-22 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
  • 4.30% fixed interest rate (2020-21) with 1.057% 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
  • 5.30% fixed interest rate (2020-21) with 4.228% 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/entrance counseling 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 three lenders available for international students without U.S. cosigners. Please be advised that international students may only borrow up to mandatory program charges and health insurance. All international private student loans are made by the specific lending institution 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. 

Discover Custom Graduate Loan

  • May borrow up to annual program charges and health insurance 
  • Zero fees 
  • Must submit an application for each academic year
  • Cash Rewards for Good Grades
Learn More

Prodigy Finance

  • No cosigner required
  • May borrow up to 80% of cost of attendance (as approved by the university)
Learn More

Quorum

  • May borrow up to annual program charges and health insurance 
  • Zero fees 
  • Can submit one application for entire program*

*Submit one application for Quorum for the entire program to establish a line of credit. For your second year (Fall 2021), as a returning borrower, you can request to draw down the amount you would like to apply for.

Learn More
Fall 2020 Winter 2021 Spring 2021 Fall 2021 Total
Program Charges $19,617.50 $19,617.50 $19,617.50 $19,617.50 $78,470
Health Insurance $1,485.99 $1,485.99 $1,485.99 $1,485.99* $5,943.96
Total $21,103.49 $21,103.49 $21,103.49 $21,103.49 $84,413.96

The student health insurance fees listed above are for the academic year 2020-21 (Fall 20, Winter 21 & Spring 21).
*Health insurance costs for Fall 21 (which are part of the 2021-22 academic year) are subject to change.

 

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