Executive MBA

Financing

Many Executive MBA students finance the cost of their MBA degree typically from one of the following sources: company sponsorships, loans from the Federal Student Aid Program, grants for Illinois veterans and relatives, and private loans.

  • Federal student loans are available to citizens and permanent residents of the United States. The FAFSA loan (Free Application for Federal Student Aid) provides funding of an annual amount of up to $18,500. The FAFSA application can be completed on-line.

  • Illinois Veteran Grant is for individuals who are veterans. Your local Department of Veterans Office is an excellent source of information regarding veterans' benefits. You can also visit the Office of Veterans Affairs website or call the University of Illinois Veterans Affairs office by calling (217) 333-9283. Click here for information on the Illinois National Guard Grant.

  • MBA Loans is a private program offered by the Graduate Management Admission Council (GMAC). The program is available to all students. For information call 1-888-440-4MBA or visit the MBA Loans website

  • Access Group provides private and federal loans to graduate and professional school students. Information for these loans can be found by visiting the Access Group website

  • Personal Loans are available and can be reached at: Student Loans Programs
Other Sources for Financial Aid Information
The University of Illinois Office of Student Financial Aid (OFSA) can be reached by telephone at (217) 333-0100 or by web There are several additional websites that offer assistance in locating loans and/or scholarship assistance.

Helpful Links
FinAid: The Financial Aid Information Page
The Princeton Review: Financing Business School
Financial Aid From the U.S. Department of Education
Financial Aid

 

Executive MBA