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MBA Accounting Professionals Students — February 2016

Note: Students who pay the total program cost within 6 months of their entry date will receive a $1,000 tuition reduction. Total program costs may be paid using personal or family funds, or it may be paid through an Alternative Loan (see Option Two below). Students who have a remaining balance on their student account after completing on-campus study will be eligible for an Accounting Professionals loan (see Option One below) as well as the Alternative Loan.

Program Element Estimated Cost
Tuition and Fees (including health insurance) $16,855
Housing and meals $7,400
Total Program Cost (paid to MUM) $24,255
Personal expenses, books, unexpected needs (estimate) $1,500
Emergency expenses (estimate) $500
Suggested living expenses while seeking CPT position (estimate) $4,000

Total Program Cost does not include a student’s estimated personal expenses of $1,500 or instruction in the Transcendental Meditation technique. Although not required at the time of entrance into the program, it is advisable to have $4,000 available for living expenses after completing on-campus study, while you are seeking a curricular practical training (CPT) position.

Your initial minimum payment upon arrival on campus is $9,700. You are also required to bring an additional $1,500 for your personal expenses, which include approximately $40-50 per month for books while on campus. The remaining program costs may be paid with personal or family funds, or with a bank loan taken out at the start of your curricular practical training (CPT). Your full tuition may be paid from your curricular practical training earnings in monthly loan installments.

Financial aid summary Estimated Cost
Total Program Cost (paid to MUM) $24,255*
Initial Payment (minimum payable upon arrival) $9,700*
Typical Loan Amount (taken out at start of CPT) $14,555*
Percentage of Program Cost covered by financial aid 60%

* Figures shown above are for February 2016 entry. In August 2016 entry, initial payment will increase to $12,128 and the typical loan amount will decrease to $12,128.

Students in the Accounting Professionals MBA Program have two options for loans: the Accounting Professionals (AP) loan or the Alternative Loan.

Option One: Accounting Professionals Loan

All students with two years or more of professional work experience in accounting are offered an Accounting Professionals (AP) Loan to cover applicable program costs, less any initial or prepaid amount.

The University will pre-arrange the AP Loan with the bank and a co-signer is not required. 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.

The AP loan will be set up after completing on-campus study, when you receive an offer for a CPT position. The AP Loan may be repaid from your earnings during your curricular practical training.

The lender is MidWestOne Bank, Fairfield, IA. The current interest rate is 9.00%, subject to change. MidWestOne Bank is not affiliated with Maharishi University of Management or any of the additional lenders listed under Option 2 (below). You may choose any lender available for education loans. Most of our students choose MidWestOne Bank because students at MUM are pre-approved for the loan.

Accounting Professionals Loan Repayment Example:*

Total Program Cost $24,255
Entry Payment $9,700*
Typical Loan Amount $14,555*
Estimated Number of Payments 20
Estimated monthly payment amount $786
Total interest $1,173
Total loan repayment $15,728

* This example reflects program costs for February 2016 entry. For August 2016 entry, the entry payment will increase to $12,128 and the typical loan amount will decrease to $12,128, estimated monthly payment will decrease to $655, and the typical total loan repayment will decrease to $13,105.

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 of your program costs at the time of enrollment, or the remaining program costs (after initial $9,700 entry payment) during your curricular practical training. The Alternative Loan may NOT be used to pay the $9,700 needed at time of enrollment, unless the total program costs are paid at enrollment. If you pay your entire program cost within six months of your entry date, 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 or call (641) 472-1156.

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