Step 9 - FT MBA

Financial Aid

Financial aid is available to remove the cost barriers that may prevent you from pursuing your educational goals. Assistance is available from a variety of programs funded by federal, state, university and private sources. Students who demonstrate significant financial need may qualify for grant aid while students with less need may obtain low cost loans. Financial need is determined through a federal formula that assesses the family’s relative financial strength and ability to contribute to meeting the student’s educational costs.

Types of Financial Aid Available

Mihaylo Leadership Scholarship

Scholarship Program The Mihaylo Leadership Scholarship has been established for the Full-time MBA (daytime cohort) program and is available to newly admitted students who have submitted their enrollment deposit. This is a non-need based scholarship based upon merit, leadership qualities, and academic record. Newly admitted students entering fall may apply for the scholarship by filling out an application no later than April 1st.  This is a one-time award of $10,000 disbursed in four ($2500) installments over four consecutive semesters.

Michael A. Reagan Graduate Scholarship - $8000 (offered Spring 2013 and beyond)

The Reagan Scholarship is available to Mihaylo newly admitted graduate business students in their first semester who have submitted their enrollment deposit. This is a non-need based scholarship designated for recipients with an outstanding academic record. This one-time award of $8,000 is disbursed in two ($4000) installments over two consecutive semesters. Students entering in both the fall and spring semesters may qualify for this scholarship by filling out an application no later than April 1st - Fall and October 15th - Spring. To obtain deadlines and an application click here.

Federal Perkins Loan

Federal Perkins Loan is a federally funded program providing long-term low-interest loans for students who demonstrate financial need. Interest does not accrue on the loan and there is no repayment while the student is enrolled at least half time. Repayment begins nine months following graduation, withdrawal, or enrollment below half-time status. Graduate student who qualify may receive up to $8,000. For details (click here).

Federal Direct Stafford Loans

Federal Stafford loans are available to assist you in meeting your educational expenses.  The Federal Direct Stafford Loan Program enables students to obtain long-term, low interest loans through the federal government. Financial Aid will automatically offer you a Federal Direct Stafford Loan if you qualify. You are not required to accept the loan and we will not process the loan unless you accept it. For more details see the financial aid website (click here).

To receive a Federal Stafford loan, you must be a U.S. Citizen or permanent resident and you must meet all other Federal Student Aid eligibility requirements. These requirements are published in the U.S. Department of Education Guide to Federal Student Aid.

Federal Direct Plus Loans for Graduate Students

Graduate PLUS loans are available to graduate students. The PLUS loan is a long-term loan program with a fixed interest rate. Eligibility for PLUS loan is base on your good credit history. Like the unsubsidized Federal Stafford Loan, the interest on a PLUS loan accrues from the point of disbursement. PLUS loans may not exceed the cost of education minus other aid. For more details see the financial aid website (click here).

Eligibility for Federal Student Aid

To receive a Federal Stafford loan, you must be a U.S. Citizen or permanent resident and you must meet all other Federal Student Aid eligibility requirements. These requirements are published in the U.S. Department of Education Guide to Federal Student Aid.

Annual Loan Limits

Annual loan limits are $20,500 for combined subsidized and unsubsidized loans. Your total eligibility will be determined by the CSUF Office of Financial Aid based on your direct program costs and standard allowances for room and board, transportation and personal expenses. Your loan cannot exceed your annual program costs. Please see the financial aid website for details on loan maximums.

Enrollment Requirements

Federal regulations require half-time enrollment to receive Federal Stafford loan funding. At CSUF, you must be enrolled in at least six units per semester of 400/500 level courses to meet this requirement.  For details on how to obtain Stafford loan (click here).

Contact Person

If you have any questions regarding financial aid, please contact Jill Brower, CSUF Office of Financial Aid, at jbrower@fullerton.edu or (657) 278-1653.