Financing Graduate Education: A Guide for Prospective Students (pdf)
The guide provides information, additional resources and useful web sites to give student a jump start on finding financial aid and planning for their graduate education.
General Information
- FAQs (pdf)
- Financial Aid checklist (pdf)
- Step-by-step guide to Financial Aid process
- Application & Processing Flowchart (pdf)
- Budget and Expenses Worksheets (.xls)
Cost of Attendance
- Per federal regulation, cost of attendance expenses are based on the number of weeks enrolled. Each trimester is 14 weeks in length and costs are calculated as such. Expenses for periods between trimesters are not included and it is important to plan accordingly. Be prepared to budget your funds to cover periods of non-enrollment such as the period between the end of Fall and the beginning of Spring (i.e., 12/13/12 - 1/23/13). This cost of attendance breakdown is created for the purpose of determining eligibility for and awarding financial aid.
- Financial aid funds are intended to meet basic educational expenses and are not available for additional household members, lifestyle preferences, etc. Your expenses may be higher or lower, depending on your personal spending. Figures are for student only, regardless of number of family members. Financial aid, including private loans, is available up to these cost of attendance figures.
- It is assumed that students are following the outlined program of study. Any variation must be addressed with Financial Aid. Financial aid eligibility based on full-time enrollment is subject to adjustment and reduction of funding when less than full-time enrollment is undertaken. See the Financial Aid Office for additional information.
- Per federal regulation, the Foundations fee is not an eligible expense allowable to be paid directly from your financial aid funds. For this reason, the Foundations fee is not included as part of the cost of attendance.
- If planning on attending Boot Camps or need assistance to cover the Foundations fee, these expenses need to be included as part of your personal budget as federal loans are not available. Students wishing to apply for a private educational loan to help cover these costs should send an email to the Financial Aid Office with specifics on what you wish to have covered.
- Winterim/Summerim programs off site are estimated to range between $6,000 - $9,500 including tuition. Overall costs are based on the length and location of class. Off-site program expenses will be posted to MTB after registration and costs are known. Estimates are based on prior program costs.
Cost of Attendance tools
These cost of attendance breakdowns are created for the purposes of determining eligibility for, awarding and the maximum amount in financial aid available. Your actual expenses may vary depending on your personal spending.
- Full time programs
- Distance Learning Global MBA
- Distance Learning Global MBA for Latin American Managers
- Class of 2014
- Executive MBA
- Cohort 22
Refund Schedule
| ENROLLMENT PERIOD FROM START OF CLASS: | % TUITION REFUNDED |
| 1 week or less | 100% |
| 2-3 weeks | 80% |
| more than 3, up to 4 | 60% |
| more than 4, up to 5 | 40% |
| more than 5, up to 6 | 20% |
| over 6 | 0% |
Cost/Refund Calculators
- These files are intended to assist students in determining how much they will need to fund their education per term.
- Files shown for international students assume the student is not receiving any type of US loan or scholarship.
- All other files are designed to show an estimate of how much of a financial aid refund a student may expect.
Please remember these files are provided as tools to help you plan and in no way reflect your actual costs nor an actual financial aid refund. These are estimators only.
Availability of Financial Aid Funds
Aid funds (received each trimester on behalf of a student) that exceed institutional charges (e.g., tuition, fees and on-campus room and board) will be issued to the student in the form of a refund - either as an ACH (automated clearinghouse) deposit into a student's bank account or a check. Please note: The Finance and Accounting (Business) Office begins issuing refunds after the drop/add period each trimester, which occurs the first week of classes. ACH arrangements can be made with the Finance & Accounting (Business) Office by completing a Student Wire form once on campus. Refund checks are generally sent to the student's campus mailbox by Friday of the second week of classes if a Student Wire form has not been submitted. Students should be prepared to cover expenses incurred during the time between arrival on campus and the end of the drop/add period.
