FINANCIAL AID / COSTS

Tuition and Fees
Financial Aid
Fellowships & Grants
Loans
Campus Employment
Helpful Contact Listings
Priority Filing Deadlines

Making It Happen
Earning a Notre Dame MBA is a sound personal and financial choice -- a lifelong investment in your future. Make it possible by considering all the options open to you. Together, these resources comprise viable financing: fellowships, loans, campus employment, and family savings.

Tuition and Fees
The average 2008/2009 Notre Dame Graduate Business Program student expense budget includes:

Tuition for the 2008-2009 academic year is $37,190.

For planning purposes, students should assume an annual tuition adjustment
of about 5% at the beginning of each academic year. The estimated comprehensive cost for the 2008-2009 academic year is shown below:

• Tuition (Two-Year Program) $37,190 per academic year
• Room and Board $8,300 per academic year
• Books and Supplies $1,350 per academic year
• Personal $2,850 per academic year
• Health Insurance $1,500 per academic year
  

Fees:

• Statistics Workshop $100
• Accounting Workshop $100
• Technology Fee $250
• MBA Student Association $150
• Travel $2,250

Total:

U.S. Dollars $54,290 per academic year.

One-Year students should add the cost of the summer semester to their estimate — approximately an additional $14,876.

Cost of living during this time can vary widely depending on whether the student lives on or off campus or has dependents.

Estimating Your Budget
For planning purposes, students should:

• Estimate conservatively
• Assume an annual tuition adjustment of about 5% at the beginning of each academic year.
• Note that actual costs vary based on housing, travel, and personal expenses.

Other Expenses
International students: Add $100 for the culture workshop

Living situation: Cost of living can vary widely depending on whether the student lives on or off campus or has dependents.

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Two-Year students: If you want to study abroad in two or three countries, add in that estimate.

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Applying for 2008/2009 Federal Financial Aid
The 2008/2009 Free Application for Federal Student Aid (FAFSA) is the official application for federal student aid at the University of Notre Dame.

How to Apply: The FAFSA is available at http://www.fafsa.ed.gov/ or from the Notre Dame's Financial Aid website at http://www.nd.edu/~finaid/grad/. A Pre-Application Worksheet is available for your convenience.

PLEASE NOTE: The 2008/2009 FAFSA will not be available until January 1, 2008

Priority filing deadline for the FAFSA : Priority processing and aid consideration is given to those students who apply for financial aid by our annual February 28 deadline.

Eligibility
In order to be eligible for federal student aid, the student must:

• Be either a citizen, permanent resident, or eligible non-citizen of the US with a valid Social Security Number
• Not owe a refund on a federal student grant, nor be in default on a federal student loan
• Make satisfactory academic progress
• Please Note: International students are not eligible for federal student aid

What You Need to Do
1. Obtain Your PIN. Students wishing to apply for federal student aid at the University of Notre Dame for 2008/2009 are first advised to obtain their U.S. Department of Education PIN at pin.ed.gov. The PIN serves as an electronic signature for Federal financial aid and provides access to Federal financial aid records. U.S. Department of Education - PIN web site

2. Complete the FAFSA. Once the PIN is obtained, complete the 2008/2009 Free Application for Federal Student Aid (FAFSA) or the Renewal FAFSA. Notre Dame's Federal School Code is 001840. Free Application for Federal Student Aid (FAFSA)

3. Submit Your Income Tax Return. In addition to the FAFSA, students must be prepared to submit, directly to the Office of Financial Aid, a signed copy of their 2007 year federal income tax return.

4. You Receive an Award Letter. For those students who apply for financial assistance, the Office of Financial Aid will provide a Financial Aid Award Letter outlining the student's eligibility for financial assistance.

5. Notify us if necessary. Students are asked to notify the Office of Financial Aid of the receipt of any financial assistance beyond that outlined on the Award Letter.

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Fellowships
Did You Know? More than 60% of MBA students receive fellowships or work study.

To make your Notre Dame MBA an even better investment, we have a substantial number of merit-based fellowships available:

• Awarded to students for their first year, renewed each semester based on satisfactory academic performance
• Awarded by the MBA Admissions/Financial Aid Committee
• Provided by alumni and friends who believe in our program and who believe in our students
• Notification of fellowship awards is made to applicants at the time of their admission to the program in their official acceptance letter
• Awards range from $5,000 to full tuition
• Does not cover all the expenses associated with completion of the MBA
• Competition is intense; not all those qualified receive awards
• Apply early for fellowships

Requirements

• Available to both domestic and international candidates who show
  • High academic achievement during their undergraduate years
  • Strong aptitude as measured by the GMAT®
  • An impressive record of work experience
  • Demonstrated leadership
• In some cases, a commitment for part-time work is required for acceptance of a fellowship
• All MBA candidates are expected to provide substantial funding from their own resources or from an appropriate sponsor
• Candidates are expected to become involved in leadership roles
• For consideration, you must designate your interest on your application

Apply for the Notre Dame MBA/NSHMBA
Merit Fellowship

As a NSHMBA member in good standing, you are invited to apply for the Notre Dame MBA/NSHMBA Merit Fellowship, providing up to full tuition for a qualified applicant to our One-Year Program or Two-Year Program

To access the fellowship application as a NSHMBA member, or for more information on NSHMBA membership, visit:

http://www.nshmba.org/financialassist/login.asp?type=grad

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Loans

The Office of Financial Aid is responsible for loan and student employment opportunities. Here are links to information about the graduate student loans currently available:

Federal Perkins Loan

The Federal Perkins Loan is a need-based loan made by the University to assist graduate students experiencing financial hardship. The Perkins Loan program requires that the student borrower repay with interest this source of financial assistance. For additional terms and more details: http://www.nd.edu/~finaid/loans/graduate/perkins_loan.shtml

Federal Stafford Loan

The terms of the need-based Subsidized Federal Stafford Loan and the non-need-based Unsubsidized Federal Stafford Loan require that the student borrower repay, with interest, this source of financial assistance.

Subsidized Federal Stafford Loan
For: Interest subsidy is paid by the federal government to the lender while the student is enrolled in school.
Amount: The annual Subsidized Stafford Loan borrowing limit is $8,500.

Unsubsidized Federal Stafford Loan
For: The Federal Government is not paying the in-school interest to the lender while the student is enrolled in school.
Amount: The annual Unsubsidized Stafford Loan borrowing limit as of July 1, 2007, is $20,500 minus the Subsidized Stafford Loan amount.

Conditions: Additional terms of the Subsidized and Unsubsidized Stafford Loan and online application: http://financialaid.nd.edu/mpn/

The University provides student loan borrowers with a list of suggested Federal Stafford Loan lenders: http://www.nd.edu/~finaid/loans/graduate/stafford.shtml

Please note: Although the University provides a suggested lender list, borrowers are free to choose any lender participating in the Federal Family Education Loan Program.

Private Loans - Graduate Business Loan Programs

After exhausting the opportunities available from the federal aid programs, many students will consider private loan programs as a source of funding.  The terms and conditions of these programs vary, and as such, students are encouraged to review the details of the programs before selecting a private loan program.  Private loans are not eligible for loan consolidation programs made available for federal student loans.  Interest rates, fees (both at the time of borrowing and at repayment), credit checks, and annual and aggregate loan limits require careful evaluation by the student as a consumer.  As always, taking on debt for any reason should be done deliberately and only for amounts needed.

Please visit the following link to obtain additional information. http://www.nd.edu/~finaid/loans/graduate/private.shtml

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Graduate/Professional Federal PLUS Loans

The Federal PLUS Loan provides a borrowing option for graduate/professional students. Based upon the borrowers' creditworthiness, a graduate/professional student may borrow from this federally guaranteed, non need-based loan program. For additional terms, subject to revision by federal law, please visit:
http://www.nd.edu/~finaid/loans/graduate/plus.shtml

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Campus employment & assistantships
Many graduate students work on campus either with an academic department or in other campus jobs such as University Food Services or Human Resources.

How to obtain student employment
The office of student employment posts jobs for all students.
Submit a written request directly to the Office of Financial Aid for consideration.

A limited number of graduate and research assistantships may be available for MBA students to work with faculty. These are student-initiated with individual faculty members upon the student's arrival on campus.

Job board: http://www.nd.edu/~finaid/jobboard/index.shtml

For specific information:
Student Employment Office
115 Main Building
574.631.6436
finaid.1@nd.edu

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Helpful Contacts
Specific information regarding application procedures, deadlines and application forms:

Office of Financial Aid
115 Main Building
Notre Dame, IN 46556
Phone: 574-631-6436
Fax: 574-631-6899
finaid@nd.edu
Office of Financial Aid: http://www.nd.edu/~finaid/graduate/

Student Accounts
100 Main Building
Notre Dame, IN 46556
Phone: 574-631-7113
Fax: 574-631-7117
stdacct@nd.edu

Student Employment
115 Main Building
Notre Dame, IN 46556
Phone: 574-631-6454
Fax: 574-631-6899
stdempl@nd.edu

 

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Financial Aid Priority Filing Deadlines

Prospective Students:
February 15

Returning Students:
February 28

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Last updated on September 3, 2008