Domestic process

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Home > Academic Programs > Professional MBA > Tuition & Financial Aid > Domestic process

DOMESTIC PROCESS

Although you are working professionals, we recognize that your personal finances may not be sufficient for the expenses of pursuing graduate education at the Olin Business School. Our goal is to assist you in identifying sources of funding that will make an Olin MBA affordable for you. To apply for financial aid, start today by completing the following steps:

1. Submit the 2012-13 online Free Application for Federal Student Aid (FAFSA) at www.fasfa.ed.gov. Submit as early as January 1 to be considered for aid for the upcoming academic year. This is the first step in applying for federal aid.

Fill out only the student portion of the FAFSA, not the parent portion.
You’ll need to complete a FAFSA for each academic year in which you require financial aid. Washington University’s School Code is: 002520.

2. Submit your Financial Assistance Application to:

Kyle Cronan, Associate Director of Graduate Business Financial Aid
Washington University St. Louis
Campus Box 1133
Simon Hall Room 114
1 Brookings Drive
St. Louis, MO 63130
Fax: 314-935-6309

3. Return signed award letter. Deposited students will receive an award letter after their FAFSA and Institutional Application are reviewed and processed. The anticipated processing date for the fall semester PMBA program is June 30th provided all the proper documentation has been received. Please allow at least 5 weeks processing time for items received after June 1st.

The anticipated processing date for the Spring semester PMBA program is November 30th provided all the proper documentation has been received. Please allow at least 5 weeks processing time for items received after November 1st.

4. At the following link complete the items listed below: http://sfsweb.wustl.edu/sfs/general/stafford_graduate.aspx

Entering Students and 1st time Direct Loan borrowers:
A. Complete Loan Entrance Counseling.
B. Start the PLUS Application Process (if awarded a PLUS loan).
C. Complete the following two Promissory Notes:

Subsidized/ Unsubsidized Master Promissory Note.
Graduate PLUS Master Promissory Note (if awarded a PLUS loan).

Returning Students:
A. Verify that a Subsidized/Unsubsidized and applicable Graduate PLUS Master Promissory Note has been completed.
B. Start the PLUS Application Process.

Alternative Loans: Student’s interested in taking alternative loans rather than the Federal Grad PLUS loan will need to go directly to the lenders website and complete the application online. The academic period is for those listed on your award letter(s). Fall and Spring will be August through May. Spring only will be January through May. The amount of the loan you need to request is the combined total listed on your award letter for Grad PLUS loans. A SEPARATE LOAN APPLICATION IS REQUIRED FOR THE SUMMER TERM. A sample list of lenders can be accessed at the following link: http://www.studentlendinganalytics.com/alternative_loan_options.html

5. Submit Title IV Authorization form.

Employer Tuition Reimbursement:
Many employers provide full-or-partial tuition assistance to employees who are pursuing degrees part-time. You should contact the Human Resource Department in your organization for specifics about what benefits they offer. Be aware, however, that there may be some tax consequences associated with employer-paid tuition benefits.

If you are enrolled in summer courses, you are eligible to borrow financial aid for the summer.