Program Fees & Financial Aid
Fees
The fee for the 21 month program is $75,075. The program fee includes textbooks and course materials, meals and lodging at residence sessions, parking and lunch on class days, food and refreshments at hosted social functions, and traditional courtesies. For monthly North America students, lodging is provided during class sessions (students requesting a single room will be responsible for half the lodging expenses).
Students in all fee-based programs, including this degree, are not eligible for the tuition exemption program, institutional tuition waivers or the Undergraduate/Graduate University Grant programs, including the Husky Promise program. Read more information on fee-based programs.
Financial Aid & Scholarships
NEW! Announcing the William W. Alberts Executive MBA Scholarship
Responding to our extraordinary economic times, and to recognize and celebrate the contributions of Bill Alberts’, a faculty member and program architect of the Executive MBA Program at the University of Washington’s Foster School of Business, we are launching the William W. Alberts Executive MBA Scholarship. Reflecting Bill’s vision of supplementing a rigorous curriculum with the engaging, interactive classroom discussions of a broad and diverse student cohort, the fund will reduce a financial barrier for selected students whose contributions might not otherwise be a part of our program. As a result, the overall classroom experience of all of our students will be enriched.
The William W. Alberts Executive MBA Scholarship will provide a partial waiver of Executive MBA Program fees for two students for the 2009-10 academic year. Preference for fund awards will be given to students employed in the public sector, at a not-for-profit organization or small business and not already receiving financial support from his or her organization.
New and continuing students enrolling in the EMBA Program for the 2009-10 academic year will receive notice when the application process opens in August 2009.
There are two Executive MBA Loan Sources
• Federal Stafford Direct Loan
http://www.fafsa.ed.gov/
Maximum you can borrow: $18,500
• Private MBA Tuition Loan
http://www.mbaloans.com/
Maximum you can borrow: Up to the full program fee amount
Who is eligible to apply for financial aid?
Most University of Washington Executive MBA students qualify to borrow $18,500 per year through the Federal Stafford Direct Loan Program. To apply, you must be a permanent U.S. resident, must not be in default on a prior federal student loan, and must have registered for the draft if required by law to do so. Otherwise, this program is not based on need, income, or credit. Depending on credit worthiness, EMBA students may also qualify to borrow up to the full amount of the program fee through the private MBA Tuition Loan Program. Foreign residents may apply for this loan with a U.S. citizen co-signer.
How to apply for a Federal Stafford Direct Loan:
To apply for a Federal Stafford Direct Loan, fill out a Free Application for Federal Student Aid (FAFSA) online at www.fafsa.ed.gov or on paper and submit it to the address included on the application. If you are offered admission to the Executive MBA Program and your FAFSA is approved, the University of Washington will send you a financial aid eligibility letter and a promissory note asking how much of the $18,500 annual maximum you wish to borrow. You will need the University of Washington’s federal financial aid code for the FAFSA: 003798.
Where to obtian financial aid applications
The paper edition of the FAFSA can be obtained from the Executive MBA Program Office or from the University of Washington’s Office of Student Financial Aid:
Office of Student Financial Aid
University of Washington
Box 355880
Seattle, WA 98195-5880
Phone: 206-543-6101
Email: osfa@u.washington.edu
Web: www.washington.edu/students/osfa
Private education loan and/or credit programs
For a list of private education loan and/or credit programs for students and their families visit www.washington.edu/students/osfa/gradaid/alt.loans.html.