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 2007 was charged $2,049 per unit, and enrolled in 16 units over her/his first year of study. This student would have been eligible to receive, at most, $14,011 in EW Grant funding for the 2007 -2008 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 have been calculated for students enrolled in the Evening & Weekend MBA program for the 2007 -2008 academic year:
Example 1: Fall 2007 Entering Student
16 units x $2049.00 |
$34,511 EWMBA fees |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$14,011 Maximum Grant Award |
Example 2: Fall 2007 Second-Year Student
14 units x $2049.00 |
$30,413 EWMBA fees |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$ 9,913 Maximum Grant Award |
Example 3: Fall 2007 Third-Year Student
12 units x $2049.00 |
$26,315 EWMBA fees |
|
- |
$20,500 Federal Direct Loans |
|
|
= |
$ 5,815 Maximum Grant Award |
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.
