Michigan State University - Click here on any page to go to the MSU homepage.

Aid for Weekend MBA and Executive MBA Programs

In most circumstances, Weekend MBA and Executive MBA students are eligible for financial assistance in the form of loans. Common loan programs are the Federal Subsidized and Unsubsidized Stafford Loan and the Federal Grad PLUS Loan.

  • Subsidized Stafford Loan
    This loan is based upon demonstrated financial need and the interest is subsidized (paid by) the federal government while the student is enrolled at least half-time, during the six month grace period, and in authorized periods of deferment. The annual loan maximum is $8500. No payment is required on the loan until six months after the student ceases to be enrolled on at least a half-time basis.
  • Unsubsidized Stafford Loan
    This loan is not based on financial need, and interest begins accumulating at disbursement, but no payment is required until six months after the student ceases enrolling on a half-time basis. The annual loan maximum is $20,500 (beginning fall semester 2007) minus any Subsidized Stafford Loan eligibility.
  • Grad PLUS Loan
    This loan is not based on financial need, and interest begins accumulating at disbursement, but no payment is required until 30 to 60 days after the student ceases enrolling on a half-time basis. The annual loan maximum is the student's budget minus all other aid.

The Loan Process

Step 1

Complete the Free Application for Federal Student Aid (FAFSA) for the academic period for which you are seeking funding.

Weekend MBA Students: If you are seeking funding for the entire program, you will need to complete the FAFSA for three academic years, since the program is for 17 months covering 5 semesters.

To receive aid consideration for:

  • Summer 2007, complete the 2006-2007 FAFSA
  • Fall 2007, Spring 2008, or Summer 2008, complete the 2007-2008 FAFSA
  • Fall 2008, complete the 2008-2009 FAFSA (available January 1, 2008)

Executive MBA Students: If you are seeking funding for the entire program, you will need to complete the FAFSA for two academic years, since the program is for 21 months covering 5 semesters.
To receive aid consideration for:

  • Fall 2007, Spring 2008, or Summer 2008, complete the 2007-2008 FAFSA
  • Fall 2008 and Spring 2009, complete the 2008-2009 FAFSA (available January 1, 2008)

Step 2

All loan applicants must submit an Employer Reimbursement Form to the Office of Financial Aid (OFA) indicating the amount of tuition reimbursement anticipated from your employer. Make certain you select the correct aid year. The statement should be mailed or faxed to the Office of Financial Aid, to the attention of Cindy Osborne. Please include a daytime phone number where you may be reached if clarification is needed.

Step 3

When your loan eligibility is determined, an award notice will be sent to your MSU email account. Follow the instructions included in order to accept, reduce, or decline loans offered.

Questions

If you have any questions regarding financial assistance or the aid process, please contact Cindy Osborne at 517/353-5531 for assistance.

 

*Adobe Acrobat Reader is required to read PDF documents.