Evening & Weekend MBA Finances
Evening & Weekend MBA Grant
Grant Awards
The EW Grant is designed to offset the cost of tuition that a student cannot meet through existing federal loan programs. By subtracting the amount of available federal loans ($20,500) from the current year tuition, one calculates the Maximum Grant Award that one may expect to receive (for international students, defined as not a US citizen or permanent resident, who are ineligible for federal loans, the EW Grant committee will assume that you will be borrowing $20,500 through private loans when calculating your Maximum Grant Award). Please note that this maximum, or cap, is not a guaranteed amount and may be smaller depending on available funding and student need. Grant awards will not exceed the net financial need of a student.
Award Examples
A student entering the Evening & Weekend MBA program in Fall 2009 will be charged an estimated $2,252 per unit, and will enroll in 17 units over her/his first year of study. This student could be eligible to receive, at most, $17,920 in EW Grant funding for the 2009 -2010 academic year. This Maximum Grant Award decreases as the number of units in which the student is enrolled declines each year. See the following three examples for how the Maximum Grant Award would be calculated for students enrolled in the Evening & Weekend MBA program for each year in school:
Example 1: Fall 2009 Entering Student
17 units x $2,252.00 |
$38,420 EWMBA fees* |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$17,920 Maximum Grant Award |
Example 2: Fall 2009 Second-Year Student
14 units x $2,252.00 |
$31,664 EWMBA fees* |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$11,164 Maximum Grant Award |
Example 3: Fall 2009 Third-Year Student
12 units x $2,252.00 |
$27,160 EWMBA fees* |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$6,660 Maximum Grant Award |
*Includes class pass fee.
Please note that a student must be enrolled in a minimum of six units throughout each semester to be eligible for Grant funding. Additionally, Grants are capped at the above normal, expected load per year in the program. Should a student enroll in supplemental units, the EW Grant amount will not be increased.
