Professional MBA WeekendFinancial Aid

Online Financial Aid Information SessionsOur 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 $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.

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
  • Be enrolled Full-Time (9 graduate credits or more) when grant proceed 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) 

Awards are based on financial need and are available to students who enroll full-time (9 credits or more) per term. You must complete the FAFSA application to be considered. Funds are limited and it is strongly recommended that you submit your FAFSA, as early as January 1, 2016 and before the FIU priority deadline which is March 1 of every year.  The amount awarded, annually, is up to $4,000 which will be split between the Fall and Spring term only.  Disbursement of the grant will occur during the first week of 2nd quarter of the fall and spring terms.

Scholarships

Graduate Scholarships

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 www.studentloans.gov

Click here to view a Step by Step Guide to Complete the Direct Master Promissory Note & Entrance Counseling.

Click here to view a 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 click here.

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.

2017-2018 Tentative Loan Disbursement Dates:

Fall 2017 – August 14, 2017

Spring 2018 – January 03, 2018

Summer 2018 – April 30, 2018 or 5 days before the start of courses if your course begins after May 7th.

COB-Graduate Need Grant Disbursement:

COB-Graduate Need Grant will show as anticipated aid, but will be applied/disbursed to your account once the 2nd quarter has begun in the Fall and Spring term.

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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