Financing the PMBA

MBA Financial Aid and Tuition: It's Worth The Investment

A graduate management education is one of the most important investments you will ever make. The returns can be measured in enhanced job opportunities, self-confidence and post-PMBA success.

Approximately 60 percent of Cox PMBA students receive some form of financial aid loan funding.  All applicants to the Professional MBA program are automatically reviewed for merit-based scholarship and approximately, 30 percent of PMBA students do receive a merit-based scholarship.

Applying for Federal Financial Aid

U.S. citizens and permanent residents may apply for financial assistance in the form of loans by completing the Free Application for Federal Student Aid (FAFSA). Your Federal Student Loan eligibility will be determined after you have filed the Free Application for Federal Student Aid (FAFSA) form at www.fafsa.ed.gov. If you do not have an FAFSA ID, you will need to create one in order to file the FAFSA and to have access to your student loan information.  You can create an FSA ID online here: https://fsaid.ed.gov/npas/index.htm

The FAFSA home page at www.fafsa.ed.gov has a list of all the documents you will need to fill out the application. The SMU school code is 003613.

Through the FAFSA you can qualify for up to $20,500 in Federal Direct Unsubsidized Stafford Loans per academic year. The Federal Grad PLUS Loan, a credit based federal option, can provide the remaining cost of attendance.  Please contact your financial aid advisor for current interest rates and origination fees.

All repayment on Federal Stafford loans begins 6 months after graduation, or if the student drops below half-time enrollment status.

International students can apply for private alternative educational loans only with the assistance of a U.S. citizen or permanent resident as a co-signer.

Please Note: SMU's TITLE IV CODE IS 003613

Alternative Loans/100% Consumer-Based Loans

If you are unable to borrow through Federal funding or you wish to explore other options, alternative loans are 100% credit-based and offer variable interest rates. For more information, please visit SMU's Financial Aid Loan Pages. Please note that international students must have a U.S. citizen as a co-signer.

Payment Options

For up-to-date payment options, please visit the University Bursar's website: here.

Timeline of Financial Aid and Tuition Payments

Below is a brief overview of the process to confirm funding received through applications; please keep this in mind as you begin the process:

  • Once the MBA Admissions office and the SMU Financial Aid department have exchanged information on scholarship awards, a message will be sent to your SMU e-mail address with instructions on how to finalize your award.
  • You will be directed to Financial Aid to view detailed instructions on how to accept, decline or reduce your award.
  • A short time later another notice will be sent directing you to www.studentloans.gov to finalize your application, sign your promissory note, and complete Loan Entrance Counseling. Failure to complete this step will delay your disbursement and could result in the cancellation of your loan completely.
  • For more information please review the Graduate Financial Aid page.
  • If you have any further questions about loans, please contact Meredith Turner, Graduate Financial Aid Advisor in Division of Enrollment Services/Financial Aid, 214-768-2371 or mereditht@smu.edu. — Please note that Ms. Turner can only address questions about student loans. Questions about scholarship/assistantship opportunities must be sent to the MBA Admissions office at mbainfo@smu.edu.

Financial Aid Research

College-Scholarships.com
CollegeNet
Fast Web Scholarship Search
Grants for Individuals - Graduate
Grants for Individuals - Women
College Scholarships.com
Scholarships.com
Princeton Review
National Black MBA Association
National Society of Hispanic MBAs
MBA Info.com

Yellow Ribbon Program

Cox is pleased to be participating in the Yellow Ribbon Program of the new Veterans' Chapter 33 Education benefit effective with the fall 2009 term. For more information, click here.

Additional Financial Aid Links