Our students say UNC Kenan-Flagler is the clear winner among top business schools when it comes to overall value.
| Program Begins | October 2021 |
|---|---|
| Cost | US $88,608 in 6 installments during 24-month Program* |
| Cost Includes | Tuition, meals during immersion weekends and housing during orientation |
*Tuition and fees subject to approval by North Carolina General Assembly. Some elective courses, such as global immersion trips, require an additional cost.
“From a financial standpoint, my UNC Kenan-Flagler Executive MBA paid for itself in the form of new career opportunities and salary increases within two years. I’d do it all over again.”
All students can be considered for student loans to cover tuition for an Evening MBA Program. Our Financial Aid office is always available to discuss options for funding and loans. Feel free to connect with Anna Kerns (919-962-0135), our Assistant Director, Financial Aid, at any point during your application process or review our Financial Aid FAQ’s.
Student loan options are available through the University for U.S. citizens and permanent residents. You may find other options from the Graduate Management Admission Council (GMAC).
Students enrolled in the Evening MBA program at UNC Kenan-Flagler Business School can borrow student loans to cover tuition and living expenses. A student’s total financial aid (including company sponsorship and all education loans) cannot exceed the cost of tuition and living expenses. Students must be registered for at least 4.5 credits hours each term to qualify for federal loans.
The Federal Direct Unsubsidized Loan program is available to all U.S. citizens and permanent residents who meet basic federal requirements (i.e., student has never defaulted on a federal loan, is not currently involved in filing bankruptcy, is registered for Selective Service, etc). You can borrow either Federal Direct Graduate PLUS or private student loan funds to supplement the unsubsidized loan annual maximum of $20,500.
UNC Chapel Hill does not have a preferred lender list for private education loans. If considering a private loan, you should research lenders to determine which is best for you.
| Federal Direct Unsubsidized Loans | Federal Direct Graduate PLUS Loans | Private Loans | |
|---|---|---|---|
| Credit Requirements | None, but student must meet eligibility requirements as determined by the FAFSA. | Good credit history or no credit history (no delinquent accounts or bankruptcy on credit report). | Lenders may require students to have a particular credit score to be approved without a co-borrower. |
| Interest Rate | 5.28% fixed* | 6.28% fixed* | Fixed or variable and is normally based on either the Prime Rate or LIBOR. |
| Origination Fee | 1.057%** | 4.228** | Varies, but normally none. |
| Annual Maximum | $20,500 | Financial aid budget minus all other financial aid. | Financial aid budget minus all other financial aid. |
| Grace Period | 6 months | 6 months | 6 to 9 months |
| Repayment Period | 10 to 25 years. Several repayment plans available. | 10 to 25 years. Several repayment plans available. | 10 to 25 years, depending on the lender |
| Income-Driven Repayment Options | Yes | Yes | No |
| Possible Loan Forgiveness or Cancellation | Yes | Yes | No |
*The interest rate is fixed for the life of the loan and applies to loans disbursed after July 1, 2021 and before July 1, 2022. Read more about Federal Direct Loans at the Department of Education website.
**The origination fee is part of the principal loan amount that is deducted from the disbursed amount and applies to loans disbursed after October 1, 2020 and before September 30, 2021.
The Evening MBA Program awards a limited number of partial tuition fellowships to outstanding admitted applicants. The award amount applies to tuition and is spread proportionately across the program as long as satisfactory academic performance is maintained. The number of fellowships granted and the monetary award amounts may vary each year. Award of Merit Fellowships is based on applicants’ exemplary achievement in the areas of academics, leadership, work experience and extracurricular activities.
All applicants are automatically considered for a fellowship. A separate application is not required.
Be aware that private funding may not be as readily available for graduate/professional students and especially for MBA students, but there may be resources available. Be diligent in your search. Check with organizations you may already be a member of such as professional organizations, civic groups, and alumni associations. You never know where a scholarship may show up!
We also suggest investigating GoGrad and FastWeb for available scholarships.
Pursuing your MBA as a working professional can be of tremendous benefit to you and your organization.
Based on research conducted with employers, we developed this guide to provide you with a step-by-step process to help you gain employer and managerial support. This guide includes everything you’ll need to consider.
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