Financing
There are numerous ways to finance your Weekend MBA degree. Read on to learn more about the various funding options:
Corporate sponsorship
Find out if your employer offers an MBA funding program. From health care corporations to automotive supply companies to financial services firms, hundreds of organizations have supported students in the Weekend MBA program.
After all, the Weekend MBA benefits the employer as much as the employee. That's because the program teaches students how to make smarter decisions and more valuable contributions on the job-and ultimately boost their company's bottom line.
In fact, it takes only 17 months on average from the start of a student's program for a company to gain its return on investment, according to a recent study of corporate sponsors by the Executive MBA Council.
Financial aid
Most students can qualify for financial aid in the form of student loans. Here are a few of the most common student loan options:
Subsidized Stafford Loan
This federal loan is available to graduate students based on demonstrated financial need. Students are not charged interest before they begin repayment or during periods of deferment. The federal government "subsidizes" or pays the interest during these times. The annual loan maximum is $8,500. No payment is required until six months after completing the program.
Direct Unsubsidized Loan
This federally guaranteed loan is not based on financial need. Interest begins accumulating at disbursement, but no payment is required until six months after completing the program. The annual loan maximum is $12,000.
Federal Graduate PLUS Loan
This loan is not based on financial need. Interest that begins accumulating at disbursement, but no payment is required until 30 to 60 days after completing the program. The annual loan maximum is the student's budget minus all other aid.
Additional information
If you have questions or want additional information about financial aid options, visit MSU Financial Aid. Or, call Cindy Osborne at 517-353-5531 or osborn51@msu.edu. Please identify yourself as a prospective Weekend MBA student.
