Tuition/Financial Aid

Tuition Rate

Tuition and fees for the 2007-2008 academic year (effective through Spring Intersession 2007), are $486 per semester hour. Each MBA-PM course (3 semester hours) will cost $1458 per course for all students regardless of residency.

Effective Summer 2008, in accordance with the Board of Regents, MBA-PM tuition for the 2008-09 academic year will increase to $510 per semester hour ($1,530 per course).

Billing and Payment Options

Billing and Payment issues are managed by the University Billing Office; you may contact this office directly to resolve any billing and payment questions. 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, and January 1 for spring semester. To pay this bill, students may choose one of the following payment options.

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

For additional details regarding billing and payment options, visit the Billing Office Payment Options web page.

Payment Methods

By mail - Payments may be mailed in the return envelope provided with each billing statement. Personal checks, cashiers check and money orders are accepted. Payments are accepted at the Iowa Memorial Union branch of the U of I Community Credit Union and will be reflected on your U-Bill account immediately. Hours are Monday through Friday, 8:00 AM to 5:00 PM.

Automatic checking/savings account deduction - It is possible to have payments deducted automatically from a checking or savings account on a monthly basis. If you would like to authorize this deduction, simply fill out the authorization located at Debit Authorization. Either the full balance due or the minimum balance due can be deducted through this program.

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 can not be passed on to the consumer, thereby reducing net tuition and fees available to cover operating costs. This would lead to increases in tuition and fees simply to cover the cost related to the credit card fee. Currently the University has the lowest resident tuition and fees in the BigTen.)

Obtaining a Receipt for Employer Reimbursement

You may email the University Billing Office to receive a statement regarding your payments. Please specify the semester that you are seeking reimbursement for, as well as any specific instructions as to what 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

Need-Based Financial Assistance
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-serve basis after the receipt of all required forms.
To obtain a Free Application for Federal Student Aid (FAFSA) contact:
or apply online.

Most state and federal assistance programs require students to be formally admitted to the MBA for Professionals and Managers program; therefore PreMBA students may not qualify for these types of assistance. It is best to contact the Office of Student Financial Aid for details.
Loan Programs

The MBA Loans Program designed by the Graduate Management Admissions Council, offers a Federal Stafford loan with low interest rates, competitive fees, and an on-time repayment reward program.
For more information, contact:

MBA Loans

The Partnership Loan Program provides education financing to credit-worthy, middle-income students who do not qualify for adequate amounts of state and federal aid. All U.S. citizens or permanent residents attending an Iowa college or university are eligible. Contact:

www.studentloan.org

Employer Assistance Programs

Employers frequently provide direct financial assistance to students in the MBA-PM. Students should check with their company's human resources office to determine if tuition assistance is available to them.