Tuition & financial aid
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 2009/2010 Notre Dame Graduate Business Program student expense budget includes:
Tuition for the 2009-2010 academic year
$38,860.
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 2009-2010 academic year is shown below:
- Tuition ( Two-Year Program) $38,860 per academic year
- Room and Board $8,500 per academic year
- Books and Supplies $1,400 per academic year
- Personal $3,000 per academic year
- Health Insurance $1,250 per academic year
- Travel $2,250
Fees:
- Statistics Workshop $100
- Accounting Workshop $100
- Technology Fee $250
- MBA Student Association $150
Total:
U.S. Dollars $55,860 per academic year.
One-Year students:
should add the cost of the summer semester to their estimate - approximately an additional $15,544.
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 tuition 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.
two-year students:
If you want to study abroad in two or three countries, add in that estimate.
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Applying for 2009/2010 Federal Financial Aid
The 2009/2010 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 2010/2011 FAFSA will not be available until January 1, 2010
Priority filing deadline for the FAFSA: Priority processing and aid consideration is given to those students who apply for financial aid by FAFSA's 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 umber
- 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 2009/2010 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.
2. Complete the FAFSA. Once the PIN is obtained, complete the 2009/2010 Free Application for Federal Student Aid (FAFSA) or the Renewed FAFSA. Notre Dame's Federal School Code is 001840.
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 2008 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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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 hardships. 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 nd 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
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: 574-631-6436
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
Financial Aid Priority Filing Deadlines
February 28
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