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MBA Accounting Professionals Students — 2014–15
International Students Estimated Financial Aid Award

Note: Students who pay the total program cost at the time of enrollment will receive a $1,000 tuition reduction. This may be paid using personal or family funds, or it may be paid through an Alternative Loan taken out at the time of enrollment (see Option Two below).

Financial Aid Summary

Typical Loan Amount $16,325
Initial Payment (payable upon arrival) $ 7,500
Total Program Cost Details $23,825
Percentage of Program Cost Covered by Financial Aid  69%

Option One: Accounting Professionals Loan

All students with two years or more of professional work experience in accounting are offered an Accounting Professionals Loan from which your full tuition is paid from your U.S. practical training earnings in monthly loan payments. No co-signer is required.

Under the AP Loan Program, you will obtain a loan from a bank to cover the applicable program cost, less any initial or prepaid amount. The University will pre-arrange the AP Loan with the bank. Students will be accepted for the loan without posting any collateral. The bank, of course, will require all students to sign a bank loan agreement.

Your initial payment upon arrival on campus is $7,500. You are also required to bring $1,500 for your personal expenses, which includes approximately $40-50 per month for books while on campus. You will receive the Accounting Professionals Loan after you are placed in a curricular practical training (CPT) position. The loan is repaid from your earnings during your curricular practical training. You are not required to make any loan payments during your on-campus studies. The AP Loan is set up when you receive an offer for a CPT position. See the loan repayment details.

The Total Program Cost does not include a student’s personal expenses ($1,500), the refundable security deposit ($100), or instruction in the Transcendental Meditation technique.

Option Two: Alternative Loan

If you have a sponsor and loan co-signer who is a U.S. citizen or permanent resident, you may be eligible for an Alternative Loan. Alternative loans may be used to pay all or a part of your program costs at the time of enrollment. If you pay your entire program cost of $23,825 upon arrival, you will receive a $1,000 tuition reduction.

Loan Choices

We do not prefer or endorse either of the above loan options. You may choose any educational loan available to international students for payment of educational costs to attend our institution. Option One is provided because it is the only loan available which is guaranteed without credit or a cosigner. Option Two represents any private loan available to international students.

The options listed above contain information about loans from lenders who are not affiliated with each other or with the University.

Tuition, other fees, scholarships, and financial policies are subject to change prior to the entry date. For more information about financial aid, please write to finaid@mum.edu or call (641) 472-1156.

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Director, MBA Programs
Andrew Bargerstock,
Ph.D., CPA
641-472-1128
abargerstock@mum.edu
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