Financial Aid Information For Current Students

The information on this page is for Willamette MBA students who are currently enrolled in the MBA, BA/MBA or Accelerated program and will continue to be enrolled in the MBA program during fall semester 2018 and spring semester 2019. If you have questions please contact Alex Subert.  

Topics include tuition for the 2018-19 academic year, loans, scholarships, new scholarships for MBA and BA/MBA students moving to the second year in 2018-19, educational loans, scholarships, renewal of scholarships, links to Internet scholarship databases, and the university monthly payment program.

U.S. citizens and permanent residents enrolled for 4.5 or more credits during a semester should contact the Willamette University financial aid office if interested in federal educational loans.


Tuition

  • Tuition for the 2018-19 Academic Year: A new tuition rate begins fall semester 2018. Tuition for the full-time MBA program will be $20,950 per semester ($41,900 for the academic year) for students enrolled full-time. Full-time enrollment is defined as being enrolled in 9 to 18 credits of AGSM course work in a semester. Tuition for students carrying more than 18 credits in a semester will be $20,950 plus the per-credit rate for each credit over the 18-credit limit.

    Students enrolled part-time (1 to 8 credits) will be charged on a per credit rate at $1,746/credit hour. This makes the cost for each 3 credit GSM course equal to approximately $5,238 for students enrolled part-time.


Education Loans

Loans are also the most common source of financial assistance for MBA students around the world. Educational loans provide students the opportunity to cover their educational, living and personal expenses while completing their MBA. Loans make it possible for students to invest in a future of expanded career opportunities and increased earning power. The following loan programs are available to eligible graduate students for 2018-19.

Direct Unsubsidized Loan: The Federal Direct Unsubsidized Loan program provides up to $20,500 of loan assistance over a two semester academic year (fall/spring) for eligible graduate students who are U.S. citizens or permanent residents. Eligibility for the Direct Unsubsidized Loan program is determined by submission of the Free Application for Federal Student Aid. The FAFSA is available on line. Students should contact Shanan Woods in the Willamette University Financial Aid Office for more information. Federal Direct Unsubsidized Loans are eligible for the following special repayment benefit programs: Income Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF).

Direct Graduate PLUS Loan: The Federal Direct Graduate PLUS Loan allows eligible US citizens and permanent residents to borrow up to the full cost of attendance (estimated budget of educational, living and personal expenses minus other financial assistance). Application requires submission of the FAFSA. In addition, students must have met their annual maximum of $20,500 in Federal Direct Unsubsidized Loans before applying for a Graduate/Professional PLUS loan. Contact Shanan Woods in the Willamette University Financial Aid Office for more information. Federal Direct Graduate Plus loans are eligible for the following special repayment benefit programs: Income Based Repayment (IBR) and Public Service Loan Forgiveness (PSLF).

Private Educational Loans for International Students: International students may be eligible to borrow funds through private credit-based educational loan programs. Several common loan programs are listed below. Private loans generally require a cosigner who is a U.S. citizen or permanent resident. By applying with a creditworthy cosigner, you may improve your likelihood for loan approval and may receive a lower interest rate). Contact Shanan Woods at the Willamette University Financial Aid Office for more information.


Scholarships

Atkinson School Scholarship awards and named scholarship awards are competitive and merit based. Most scholarships are awarded upon admission to the MBA program and are renewable for the second year of study for MBA students who meet all renewal requirements.

MBA/JD students who receive scholarship assistance from the MBA program receive the scholarship only for the first academic year in which they are enrolled full-time in the MBA program. Atkinson scholarships awarded to MBA/JD students are not renewable.


Renewal of Scholarships

Atkinson School scholarships and named scholarships awarded to MBA students (Early Career, Career Change, BA/MBA) for the first year of MBA study are reviewed for renewal after spring semester grades are received.

Scholarships are generally automatically renewable at the same dollar amount for the second year of full-time MBA study if the student completes all of the eligibility requirements listed below.

  • achieved a minimum Atkinson School cumulative grade point average of 3.3 (B+) by the end of the first year of study; and,
  • maintains full-time enrollment in the Early Career and Career Change MBA program with a minimum of 9 credits for each semester; and
  • maintains good standing within the academic policies and expectations of conduct of the Atkinson School and Willamette University.

Students who do not meet all of the requirements for renewal of their scholarship may appeal the renewal of their scholarship to Alex Subert, Senior Associate Dean and Director of Admission, who will confer with the Dean in making all appeal decisions.

Students will be notified of their scholarship renewal status (including the appeal process) via an email from Alex Subert in late May or early June of the first-year of study and after all grades have been submitted for spring semester.

As with all scholarships, fifty percent of the renewed scholarship award for the academic year is dispersed for fall semester and 50% is dispersed for spring semester. Scholarship awards are also not available for summer semester.

MBA/JD students who receive scholarship assistance from the MBA program receive the scholarship only for the first academic year in which they are enrolled full-time in the MBA program. Atkinson scholarships awarded to MBA/JD students are not renewable.

Students who have questions about eligibility for scholarship renewal should talk with Alex Subert, Senior Associate Dean and Director of Admission.

[Note: These policies are also stated in the Information Directory for Admitted Applicants provided via email to each admitted student at the time of admission, and in the Atkinson Student Handbook provided via email link to all enrolled students each fall semester.]


Cancellation of Scholarships

Scholarship recipients who have been found responsible for an academic or professional behavior violation of the honor code may lose all scholarship assistance awarded by the Atkinson School. Information about the Honor Code and expectations of academic and professional behavior is available in the MBA Student Handbook.


Scholarship Databases on the Internet


Monthly Payment Plan

Payment plans for fall semester are available for enrollment in July once fall semester charges have posted. Spring plans will become available in December as soon as spring charges post. Each semester you have the choice of setting up a payment plan of 5, 4 or 3 payments, with the final payment for each one being due in time to register for the following semester. If you prefer to spread your payments out over the course of 12 months, you will need to make estimated payments in May and June, prior to the start of the academic year. Student Access

The enrollment fee is $30 per semester for a total of $60 for the year. There are no finance charges, however a $50 fee is incurred for late payments.

For additional details about payment plans and how to sign up, please contact the Student Accounts Office


Federal Work Study

Federal work-study is a form of need-based financial aid and requires submission of a FAFSA. Federal work-study students generally earn between $7.25 and $12 per hour. Although government regulations allow students to work up to 20 hours per week, the Atkinson School recommends students limit their work to 10 hours or less per week. Students interested in federal work-study should file a Work Study Request form with the Willamette University Office of Financial Aid at (503) 370-6273.


Willamette University Student Employment

While some employment opportunities are limited to students who qualify for Federal Work Study, many campus employers hire students using Willamette University student employment funds. All Willamette students are eligible to earn these student employment funds. Availability is dependent upon individual department budgets. The Office of Financial Aid can assist students in identifying departments that have Willamette University student employment funds.

Current job openings for both Federal and Willamette student employment are posted on Willamette’s Handshake job board.