Tuition/Financial Aid

Tuition Rate

Beginning with summer 2009 courses, tuition for the 2009-2010 academic year for the MBA for Professionals and Managers (MBA-PM) courses is $600 per semester hour or $1,800 per course for all students, regardless of residency. The tuition rate is reviewed annually and is subject to change.

Billing and Payment Options

The University Billing Office manages billing and payment issues. They can be reached at 1-800-943-4557. Many answers are also available on the University Billing Office Common Questions web page.

The University Billing Office sends University bills (U-Bills) approximately June 1 for summer session, August 1 for fall semester, December 1 for winter term, and January 1 for spring semester. To pay this bill, students may choose one of the following payment options.

1. Pay the "Balance in Full" with initial bill, due approximately the 22nd of the month (see U-Bill for exact due date).
   
2. Deferred Payment Plan

• Pay one-third of tuition and fees over three months (fall and spring semesters) or one-half of tuition and fees over two months (summer session). Approximate due dates:
  —Fall: August 22, September 22, October 22
  —Spring: January 22, February 22, March 22
  —Summer: June 22, July 22
• A $20 deferred payment fee per semester ($15 for summer session) is added to the U-Bill.
• If you make only the minimum periodic payment, you are automatically enrolled in this plan and will be assessed the deferred payment fee on the last billing statement.
• If you do not make at least the minimum periodic payment by the stated due date, a fee of $25 will be assessed each month.

3. Employer Deferment

• Students who receive tuition reimbursement from their employer can request to have the payment of their tuition deferred until the next U-Bill cycle. Approximate due dates:

  Deferral Beginning in	Form Due	Payment Due
  Fall (including Intersession)	August 1	January 22
  Winter	December 1	February 22
  Spring (including Intersession)	January 1	June 22
  Summer	June 1	September 22

• To qualify, you and your employer must complete a one-page Employer Reimbursement Deferred Payment Agreement Form and return it to the University Billing Office.
  • The deferred payment form is valid for an academic year (ex., July 2008-June 2009).
  • The employer portion of the form is to ensure that there is a tuition reimbursement policy at the company, and this form does not change the company policy. The form clearly states that the student, not the employer, is always liable for the tuition; companies will not be billed.
• A $35 fee will be added to your U-Bill each semester you participate in this plan.
• You will receive your semester's U-Bill as usual prior to the beginning of the semester, but payment of tuition charges will be due per the table above.
• Only tuition charges are eligible for deferred payment. Other charges of fees such as International Program fees, course material fees, etc. are not deferrable, and will be due as usual.

Payment Methods

1. Automated automatic checking/savings account deduction—Log in to ISIS (the UI Student Information System—http://isis.uiowa.edu ). After reviewing your U-Bill online, click the “Pay U-Bill” button and provide your bank information as instructed. You may select the one-time payment option or the recurring payment option. Choosing “ACH Deduct” will deduct the funds from your bank account. The “Payroll Deduct” option is for University of Iowa or UIHC employees only. The full balance due or the minimum balance due can be deducted through this program.
2. By mail—Payments may be mailed to the processing center. Personal checks, cashiers checks, and money orders are accepted. Mail to The University of Iowa, Payment Processing Center, P.O. Box 222, Des Moines, IA 50940. Please allow a minimum of five business days for payment processing.
3. In person—The University of Iowa Community Credit Union IMU Branch, Hours are 8 a.m.-5 p.m., Monday through Friday. A dropbox for after-hours payment is located outside of Room 3 Jessup Hall.

Note: The University does not accept payment by credit cards. (Credit card companies would charge the University a fee of approximately 2% of the amount paid by credit card. This fee cannot be passed on to the consumer, thereby reducing net tuition and fees available to cover operating costs. This would lead to tuition/fee increases simply to cover the cost related to the credit card fee.)

For additional billing and payment details, go to http://www.uiowa.edu/ubill/payment_options/index.html .

Obtaining a Receipt for Employer Reimbursement

You may e-mail the University Billing Office to receive a statement regarding your payments. Please specify the semester for which you are seeking reimbursement as well as any specific instructions your employer requests. The University Billing Office will provide you a statement on University of Iowa letterhead indicating the tuition and fees that have been assessed and paid during the requested period. This statement will be mailed to your current residing address.

Financial Aid

Employer Assistance Programs
Employers frequently provide direct financial assistance to students in the MBA-PM Program. Students should check with their company's human resource office to determine if tuition assistance is available as an employee benefit. The Employer Deferment Payment Option may be used if employer assistance is available; view details in the Employer Deferment section at http://www.uiowa.edu/ubill/payment_options/index.html .

Financial Aid—Educational Loans
Financial aid in the form of educational loans is available to most formally admitted students.

Federal Assistance: United States citizens and permanent residents may apply for need-based financial assistance through The University of Iowa Office of Student Financial Aid. Financial aid applications at The University of Iowa are reviewed on a first-come, first-served basis after the receipt of all required forms.

MBA-PM Application Process for Federal Financial Aid

Office of Student Financial Aid
208 Calvin Hall
The University of Iowa
Iowa City, IA 52242-1315
1-800-553-IOWA or 319-335-1450
http://www.uiowa.edu/financial-aid

MBA Loans: The official GMAT web site (www.mba.com) provides general information regarding types of financial aid available as well as additional resources and links. To access this information on the GMAT web site, simply type in "How to Finance your MBA" within their search function and click on "Financing Your B-School Degree" under the search results.

V.A. Educational Benefits
These benefits are available for qualified veterans. Learn more on the Veterans Services web site or call 319-335-0219.