MFE Fees & Financing

Consider Your ROI

 
Before thinking about the cost of the program, it's best to take into account these factors that will impact your long-term success:
 
  • Prestige and track record of the program

  • Industry and alumni network of the school and program

  • Compensation after graduation

The UCLA Anderson MFE program has been a leading program of its type since it started, ranked among the top ten in the country. With industry connections and alumni all over the world and with and a strong presence on the East and West Coasts of the U.S., the MFE program offers a well-connected network within UCLA Anderson’s 42,000 total alumni. Compensation of our graduates is among the best:

$137K+

Average Total First-Year
Compensation After Graduation

Average total compensation reflects base salary average plus average signing bonus amount but excludes year-end bonuses.  Not all graduates receive a signing bonus; year-end bonus averages across all graduates generally exceed average signing bonuses for those receiving them.

Program Fees for 2023-24

 

*Program charges are subject to change on an annual basis. These reflect the total program charges for the class entering Fall 2023. Fall 2024 fees have not yet been established. Each Spring, the University sets the program charges for the upcoming academic year.

Fall 2023* Winter 2024 Spring 2024 Fall 2024 Total
Program Charges $22,384.75 $22,384.75 $22,384.75 $22,384.75 $89,539.00
Health Insurance $1,857.11 $1,857.11 $1,857.11 $1,857.11** $7,428.44
UCLA Student Fees $623.76 $541.76 $540.76 TBD*** $1,706.28
Total $24,865.62 $24,783.62 $24,782.62 $24,241.86 $98,673.72

*Non-refundable $2000 enrollment deposit due after receiving official admissions letter from Graduate Division - Deposit is applied to first quarter student fees
**PLEASE NOTE: Fall 2024 Health Insurance costs subject to change
***PLEASE NOTE: Fall 2024 UCLA Student Fees subject to change
(Chart does not include living expenses or cost of course textbooks and readers, travel during program, laptop computer meeting Anderson’s required specifications, and other incidentals)

Cost of Attendance

 
For Financial Aid purposes, students are assigned a budget for the cost of education, including program 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 (2023-24 academic year)
Program Charges $69,184
Food/Housing $24,850
Books/Course Materials/Supplies $1,730
Transportation $3,300
Personal $2,780
Health insurance $5,571
Loan Fees $1,949
Total Estimated Student Budget $109,364

You may apply for this approximate amount in financial aid for the 2023-24 academic year (domestic students only).

Fall 2024 (part of 2024-25 academic year)
Program Charges $23,033*
Food/Housing $8,282
Books/Course Materials/Supplies $577
Transportation $1,100
Personal $927
Health insurance $1,857**
Loan Fees $650
Total Estimated Student Budget $36,426

You may apply for this approximate amount in financial aid for Fall Quarter 2024 (domestic students only).
*Charges are subject to change on an annual basis. This reflects the total program charges for the class entering Fall 2023. Program charges for the class entering Fall 2024 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 2024-25 academic year.

Scholarships and Fellowships

 

Merit-based scholarships of varied amounts are awarded to MFE admits based on the overall strength of the admissions application and its relative strength in the pool of admits. In our holistic review, we consider your academic achievement, work experience and other important factors. All completed applications are considered for scholarship; no additional application is needed. Awards may be made by the UCLA Anderson MFE Admissions Committee at the time of admission or at any point during the admissions cycle.

For additional scholarship resources, please visit the following websites:

In addition to being considered for the merit-based scholarship, California residents are also eligible for a $10,000 fellowship. The California Resident Fellowship is available only to California residents who have been offered admission to the UCLA Anderson MFE program. U.S. citizens and permanent residents who have lived in California for more than one year qualify as California residents. There are questions in the MFE application that will determine whether or not you are eligible. For UC residency criteria, please visit https://www.ucop.edu/residency/residency-requirements.html.

Student Loans

 
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 Unsubsidized Loan 

  • Limit of $20,500 a year
  • 7.05% fixed interest rate (2023-24) 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

Federal Direct Grad PLUS Loan

  • May borrow up to cost of education minus other forms of financial aid
  • 8.05% fixed interest rate (2023-24) 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

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 and UC Code of Conduct for Preferred Lender Arrangement.

  • 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. All international private student loans are made by the specific lending institution and not the University.

Prodigy Finance

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