Professional MBA FlexFinancial Aid

Our team is committed to providing students with the information and resources they need to be fiscally responsible and educated when receiving financial aid. Several financial aid options exist for students wishing to pursue a graduate degree at the Chapman Graduate Business School. Last year, the Graduate School of Business awarded more than $25 million in federal aid, scholarships & assistantships to our students. These funds helped them focus on their education so they can complete their degree.

On these pages, we have attempted to anticipate your questions about the types of financial aid, eligibility criteria, application procedures, and financing options. We’ve also included links to other helpful sites. If you have questions or concerns that are not covered, we encourage you to discuss them with us; we are here to help. We can be reached at: 305.348.0148, or via email at: cobfa@fiu.edu.

 

Financial Aid Information Session

RSVP Today - December 05, 2018 - 12:00PM (U.S. EST) - Online

RSVP Today - December 11, 2018 11:00 AM to 6:30 PM (U.S. EST) - On Campus

RSVP Today - December 12, 2018 - 11:00 AM to 6:30 PM (U.S. EST) - On Campus



How to Join the Online Session

To access the event, please click this link to connect at the specified time and date.

To apply for financial aid, all applicants must submit the FAFSA (Free Application for Federal Student Aid) online at http://www.fafsa.gov/. To begin the process you will need to first create a Federal Student Aid ID online at https://fsaid.ed.gov/ . The FSA ID will serve as your electronic signature and you will need to use this ID to access your FAFSA application and other federal student aid websites.  If you would to view a video on how to create an FSA ID please click here.

Financial Aid is granted on an annual basis (Fall, Spring and Summer Terms) and awards are subject to student eligibility and availability of funds. Students must apply, and reapply every year they are going to be attending school. It is strongly recommended students submit their FAFSA as early as possible, but at least two months prior to start of your program.

For a short informational video on how to complete the FAFSA application please click here. When filling out the FAFSA, please list FIU in step six of the application, our Federal School Code is (009635).

COB-Graduate Need Grant

Eligibility Requirement

  • Must be a U.S. Citizen or eligible non-citizen
  • Admitted to a degree seeking program or an eligible certificate program
  • Awards are posted based on full-time enrollment (9 graduate credits or more) but the amount will be prorated if you enrolled half-time (6-8 graduate credits)
  • Not be in default on a previous student loan or owe a repayment on a previous federal aid award received at any institution
  • Meet SAP requirement (Satisfactory Academic Progress) 

You may be eligible to receive a need-based institutional grant as part of your financial aid package depending on the availability of funds. You must complete a FAFSA application and be eligible. Receive federal student aid in order to be considered for this grant; no separate application is required. The grant is awarded during the fall and spring terms initially and depending on availability of funds, it may be awarded in the summer term in late April as part of the summer aid offer. Receiving the grant in the fall and/or spring terms does not guarantee a summer offer.

 

All veterans’ education benefits are processed and managed by FIU Veterans and Military Affairs office. The FIU veteran’s office will assist you in receiving your education benefits from the U.S. Department of Veterans Affairs. They are also available to assist you in areas that will assure your academic success at FIU. Veteran’s office main goal is to provide education benefit and support Veterans, Active Duty, Reservists, eligible dependents, and spouses enrolled at FIU.

Please contact FIU Veteran and Military Affairs office at 305.348.2838 or by email at veterans@fiu.edu. More detailed information about FIU Veteran and Military Affairs.

The total outstanding Federal Direct Stafford Loan debt a graduate student may carry is $138,500, of which no more than $65,500 may be subsidized. This figure includes any Federal Stafford/SLS/Direct Loans a student may have received during their undergraduate studies.

Loan Eligibility

Recipients of federal loans must meet the following criteria:

  • Must be a U.S. Citizen or eligible non-citizen
  • Admitted to a degree seeking program or an eligible certificate program
  • Be enrolled at least half time (graduates=5+ credits) when loan proceeds are received
  • Not be in default on a previous student loan or owe a repayment on a previous federal aid award received at any institution.
  • Meet SAP requirement (satisfactory academic progress)

Federal Direct Stafford Loan

Students who have been admitted and completed their FAFSA application will be offered Unsubsidized Federal Stafford Loans. Graduate students may borrow up to a maximum of $20,500 per academic year through the Federal Direct Loan program. The actual amount a student is eligible to borrow cannot exceed the program cost of attendance, minus any other assistance received. The Direct Unsubsidized loans will accrue interest from the moment the loans is disbursed to the student. Students may choose to pay the interest while attending school; if allowed to accrue it will be capitalized (added to the principle amount of your loan). There is a fixed interest rate as well as an origination fee for direct unsubsidized graduate loans. The origination fee will be subtracted from the amount borrowed, and will be reflected in the disbursements issued to the University.

Loan Award Requirements:

Federal Graduate PLUS Loans

Students who have been admitted and completed their FAFSA application will also be offered a Federal Direct Graduate PLUS Loan offer as part their financial aid package. The Graduate PLUS loan is based on credit-worthiness, which is determined by the federal government. A student’s maximum PLUS loan eligibility cannot exceed the cost of attendance of their program minus all awarded financial aid for the academic year. This loan has a fixed interest rate as well as an origination fee. The origination fee will be subtracted from the amount borrowed and is reflected in the disbursement to a student’s account. Interest will begin to accrue on this loan from the moment the loan is disbursed to the student. The Direct Graduate PLUS Loan will accrue interest from the moment the loans is disbursed to the student. Students may choose to pay the interest while attending school; if allowed to accrue it will be capitalized (added to the principle amount of your loan).

Loan Award Requirements:

  • Entrance Counseling  http://studentloans.gov/
  • Signed MPN (Master Promissory note)  http://studentloans.gov/
  • Be enrolled at least half-time
  • Credit-worthiness check or Loan Endorser/Cosigner (Endorser will undergo credit-worthiness check)

What if the Graduate PLUS loan is denied?

Please contact the Department of Education's Applicant Services at 1.800.557.7394. Always check credit reports for errors. If there are problems that cannot be resolved, you may attempt to reapply with a cosigner.

Note: Beginning March 29, 2015, Direct PLUS loan applicants who have been determined to have an adverse credit history, but who qualify for a Direct PLUS loan by documenting extenuating circumstances or by obtaining and endorser MUST complete a separate PLUS Loan Counseling. This is separate from the Entrance Counseling. The special PLUS Loan Counseling can be found at http://studentloans.gov/

Step by Step Guide to Complete the Direct Master Promissory Note & Entrance Counseling.

Step by Step Guide on how to Endorse a Direct PLUS Loan.

PLUS Credit Counseling: Beginning March 29, 2015, Direct PLUS credit applicants who have been determined to have an adverse credit history, but who qualify for a Direct PLUS Credit by documenting extenuating circumstances or by obtaining and endorser MUST complete a separate PLUS Credit Counseling. This is separate from the Entrance Counseling. The PLUS Credit Counseling can be found at www.studentloans.gov

Step by Step Guide to completing the PLUS Credit Counseling.

Private student loans are non-federal educational loans available from a variety of national lending institutions. Eligibility for these loans is based upon a student’s credit history, income and other requirements set by the lender. Students should request a copy of their credit report and check it for any errors prior to submitting an application for a private loan. An application can be requested directly from the private lender of your choice.

Florida International University has certified private loans from a list of lender in the past five years which are currently offering private student loans. This list is not exclusive or exhaustive of all existing lenders.  The Office of Financial Aid will honor request to certify private education loans that do not appear on the list.

Private Student Loan Lender Chart

Awards are Subject to Change

All financial aid awards are offered based on full-time enrollment for the academic year (Fall/Spring).  If you are not enrolled as full-time for each term, your financial aid awards maybe reduced or cancelled. All summer awards are generally offered based on half-time enrollment, however depending on your program you may be required to enroll higher than half-time.

Award Adjustments

Each semester, after the add/drop period, your awards will be pro-rated based on your actual enrollment. Change in enrollment may cause a reduction of your cost of attendance and financial aid awards.

Satisfactory Academic Progress Policy

The Office of Financial Aid is required by federal and state regulations to monitor the academic progress of potential and current financial aid recipients.  Financial aid applicants must comply with FIU Satisfactory Academic Progress Policy (SAP) as a condition of initial or continued eligibility.  Please note that even if this is your first time applying for financial aid the SAP policy still applies and prior academic progress will be evaluated to determine your eligibility for financial aid.  Please click on the link below to view FIU SAP Policy in detail.

SAP Policy: http://onestop.fiu.edu/financial-aid/satisfactory-academic-progress/index.html

Financial aid funds are disbursed electronically to the Student Financials Office. If you are in compliance with the award conditions set forth for the financial aid award, the Financial Aid Office will release your financial aid funds electronically to the Student Financials Office. Tuition and fees, book advances, housing charges and other allowable charges will be deducted from your scheduled financial aid. Once all charges have been paid for the term, Student Financials Office will process your refund within 2-3 business days from disbursements.

Posted Direct Loan disbursement dates are dates of anticipated receipt of funds which allows the office to begin the release of your funds to the Student Financials Office. Scholarship disbursements will occur after the add/drop period of each term.

2018-2019 Tentative Loan Disbursement Dates:

Fall 2018 – August 13, 2018

Spring 2019 – January 03, 2019

Summer 2019 – April 30, 2019

COB-Graduate Need Grant Tentative Disbursement Dates:

Fall 2018 – September 04, 2018

Spring 2019 – January 21, 2019

Summer 2019 – May 22, 2019

Sign Up for Direct Deposit

Your financial aid refund can be deposited into your personal bank account. Sign up by logging in to your account under the Finances section of your account. https://my.fiu.edu/.


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