UCLA Anderson MBA - Cost Breakdown

UCLA Anderson MBA - Tuition Fees

The estimated program fee at UCLA Anderson for one year is $61,704, totaling $71,071, with an additional onboarding program cost of $9,368. After summing up the entire onboarding, the yearly expenses, and academic fees, the total sum amounts to $117,398.

UCLA Anderson MBA - Total Cost (1 Year)

For one year, the total cost of the UCLA Anderson MBA Program is $117,398. From the total, $15,567 is the total Costs for the summer, and $101,831 is the annual expenses and tuition fees for Fall/Winter and Spring.

Yearly expenses include Program Charges ($61,704), Health Insurance ($4,714), Room/Board ($21,600), Computer Allowance ($1,137) (applicable only in the first year), Books ($627), Personal ($4,680), Travel ($5,868), and Loan Fees ($1,501).

UCLA Anderson MBA - Total Cost (2 Years)

The total cost of UCLA Anderson’s two-year MBA program is $218,092 (Summer Costs plus two times the annual expenses minus one Computer Allowance).

UCLA Anderson MBA - Financial Aid

Fellowships

Merit Fellowship: Students are considered for the Merit Fellowships upon admission to the MBA program. Final choices on fellowships are made based on the merits of each applicant's admission application at the time of admission. Awards are given by the UCLA Anderson Fellowship Committee and are valid for two years.

Donor Fellowship: UCLA Anderson grant fellowships based on professional development, desired career, community involvement, and/or financial need. The fellowship is funded by alumni, corporate, foundation, and individual donors.

Second-Year Donor Fellowships: In their second year, students can apply for a small number of donor fellowships. Awards are given based on performance in the core courses during the first year, extracurricular activities, and other standards established by the donors.

External Fellowship: External Fellowships are provided by private agencies and organizations to the students admitted to the MBA program at UCLA Anderson.

Consortium Fellowships: Based on the quality of their admission application, candidates who are accepted through The Consortium procedure and join The Consortium are considered for full tuition and fee fellowships. Awards are given by the UCLA Anderson Fellowship Committee and are valid for two years.
Forte Fellowships: Forté Fellowships are given to exceptional students dedicated to growing and enhancing our future generation of female business leaders by UCLA Anderson, a sponsor of Forté. The UCLA Anderson Fellowship Committee bestows fellowships, which last for two years.

ROMBA Fellowships: UCLA Anderson grants ROMBA Fellowships to future LGBTQ and active ally business leaders as a member school of Reaching Out MBA (ROMBA). These are given to LGBTQ students and allies who have shown leadership in the community and will keep advocating for the progress of LGBTQ people in business. The UCLA Anderson Fellowship Committee bestows fellowships, which last for two years.

Federal Loans

There are majorly two different types of Federal Loans:

Federal Direct Unsubsidized Students Loans: To become eligible for this loan option, an applicant must be a US Citizen or Permanent Resident. The annual limit for this type of loan is $20,500, and the repayments begin only six months after the students have graduated. The repayment can be made in the standard repayment term of 10 years. The students can also choose to income-based repayment method. There is no prepayment penalty as well as no credit check is required. The interest rate on such loans is 6.54% (fixed) and 1.057% origination Fees.

Federal Direct Graduate PLUS Loan: This loan option is available only to US citizens or permanent Residents. A credit check is required for such loans, and students can borrow up to the cost of their attendance minus all the other financial aid. The repayment terms remain the same, i.e., ten years, and there is no prepayment penalty. The fixed interest rate on loan is 7.54%, with 4.228% origination fees.

Private Loans

Private Loans are primarily targeted at International Citizens. US Citizens and Residents can also get private loans, but International students might need a US co-signer to avail of the loans.

Several lenders provide loans to international students without a US co-signer. Some of the lenders who do so are Discover Custom Graduate Loan and Quorum. Students can also find such lenders independently, but they must be extra careful. Students can also go for the list of lenders provided by UCLA Anderson.

GI Bill & Assistantship

GI Bill: The Post-9/11 GI Bill, also referred to as the Post-9/11 Veterans Educational Assistance Act of 2008, introduced changes to the prior iteration of the GI Bill, which offered educational benefits to veterans and active duty service personnel. Applying for the VA benefits online or in person at a local VA office is the first step in using the GI Bill benefits.

Teaching Assistants: Every year, roughly 16% of second-year students enrolled full-time in the MBA program work as TAs or RAs. Students are advised to do well in their classes and get to know their teachers, as the faculty will be selecting candidates for these roles.

Outside Funding

53 Scholarships and Grants options are available for UCLA Anderson MBA Program students. The following table includes all these funding options along with eligibility criteria. Students must fill out a separate or respective application for the scholarships in which they fulfill the eligibility criteria. 
      

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Reference

UCLA Anderson MBA Scholarship and Financial Aid