Funding your MBA can be a smooth, seamless process, thanks to the dedicated MBA counselors in our financial aid office. They can direct you to important resources, answer your questions, and process paperwork quickly and accurately. A number of financial aid opportunities are available, including government and private loans.
FAFSA
- The FAFSA application is required to apply for the Federal Direct Stafford Loan and Federal Direct Graduate PLUS Loan
- For more information, go to www.fafsa.ed.gov
The Stafford rate is 6.8% fixed and the Graduate Plus Loan is 7.9% currently.Federal Direct Stafford Loan
- Federally funded student loan
- U.S. students and permanent U.S. residents are eligible to receive up to $20,500 per academic school year
- The current interest rate for the Stafford Loan is: 6.8%
- Reasonable, fixed interest rate
- Repayment begins six months after graduation
- The Subsidized Stafford loan is based on financial need
- The Unsubsidized Stafford loan is non-need based
Graduate PLUS Loan
- Federally funded loan specifically for graduate students
- Covers tuition costs not covered by Stafford Loan
- Interest rate is fixed
- The current interest rate for Grad PLUS: 7.9%
- Credit check required
Private Loans
Fellowships
- Limited number available to high-achieving applicants
- Merit-based (dependent on GMAT score, GPA, professional experience, qualitative evaluation)
- For more information, go to Merit-based Scholarships
To learn more about financial aid options, and to get costs, applications, and other information, stop by the Financial Aid Office. You can also go to Merage Financial Aid.
Please contact Mary Morris (mkmorris@merage.uci.edu, 949.824.5728) for more information on Financial Aid Opportunities at the Merage School.
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