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 2016 and spring 2017. If you have questions please contact Betsy Reed.  

Topics include tuition for the 2016-17 academic year, loans, scholarships, new scholarships for MBA and BA/MBA students moving to the second year in 2016-17, 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 2016-17 Academic Year: A new tuition rate begins fall semester 2016. Tuition for the full-time MBA program will be $19,500 per semester ($39,100 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 $19,500 plus the per credit rate of $1,630 for each credit over the 18 credit limit.

    Students enrolled part-time (1 to 8 credits) will be charged on a per credit rate of $1,630 per credit. This makes the cost for each 3 credit GSM course equal to $4,890 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 2016-17.

Federal 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).

Federal 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 Betsy Reed, 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 Betsy Reed 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 Betsy Reed, 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.


New Scholarships for Returning Students for 2016-17

Several competitive merit-based scholarships are available for the 2016-17 academic year for Willamette MBA and BA/MBA students moving to the second year of study. These scholarships are:

  • Gardner Knapp Scholarship - Recognizing the Characteristics of an Entrepreneur
    The Gardner Knapp Scholarship is an endowed scholarship of Willamette University awarded to full-time Willamette MBA or BA/MBA students who exemplify the entrepreneurial characteristics of self-initiative, ambition, the willingness to take risks and high ethical standards and values. The dollar award of the scholarship may vary from $1,000 to $7,000 depending on the number of recipients selected. Decisions regarding the dollar award of the scholarship will be made by the selection committee. Application required - competitive selection. The application is available online via data drop and must be submitted by 11:00 p.m., Sunday, May 22, 2016.
  • Governor Robert Straub Public Service Scholarship - Recognizing Dedication to Public Service
    The Governor Robert W. Straub Public Service Scholarship is an endowed scholarship of Willamette University and is awarded to a Willamette MBA or BA/MBA student in the full-time program who is dedicated to public service. The dollar amount of the scholarship may vary from $200 to $1300 depending on the number of recipients selected. Application required - competitive selection. The application is available online via data drop and must be submitted by 11:00 p.m., Sunday, May 22, 2016.
  • Advisory Board RAISE Scholarship - Recognizing Academics, Initiative and Service Excellence
    This Advisory Board Raise Scholarship provides a $1,500 scholarship increase for up to eight (8) full-time Willamette MBA or BA/MBA students for the 2016-17 academic year. Applicants for the RAISE scholarship must be eligible for renewal of their first-year scholarship, achieved a first year cumulative MBA G.P.A. of 3.3 or higher, actively participated and contributed to their PACE team, demonstrated leadership in professional/student organizations, and showed initiative in the internship search and career services program. Application required - competitive selection. The application is available online via data drop and must be submitted by 11:00 p.m., Sunday, May 22, 2016.
  • Dean's LEAP Scholarship - Recognizing Leadership, Excellence and Professionalism
    The LEAP Scholarship provides a scholarship of $3,000 for the 2016-17 academic year for up to three (3) full-time Willamette MBA or BA/MBA students who did not receive scholarship assistance through the Atkinson School for the first year of study, or whose scholarship is not renewable for the second year of study. Applicants for the LEAP scholarship must have achieved a cumulative first year MBA G.P.A. of 3.0 or higher, actively participated and contributed to their PACE team, demonstrated leadership in professional/student organizations, and showed initiative in the internship search and career services program. Application required - competitive selection. The application is available online via data drop and must be submitted by 11:00 p.m., Sunday, May 22, 2016.
  • Dean's Achievement Scholarship - Recognizing Academics and Service
    The Achievement scholarship provides a scholarship of $5,000 for up to one full-time MBA or BA/MBA student for the 2016-17 academic year who demonstrated outstanding performance in academics and service to the Atkinson School during their first year of study. The Dean's Achievement Scholarship is intended for MBA students who did not receive scholarship assistance through the Atkinson School for the first year of study, and who achieved a first year cumulative MBA G.P.A. of 3.5 or higher. Application required - competitive selection. The application is available online via data drop and must be submitted by 11:00 p.m., Sunday, May 22, 2016.
  • James Fitzhenry Joint Degree Scholarship - 4th Year JD/MBA Student
    The James Fitzhenry (JD/MBA '81) Joint Degree Scholarship provides scholarship assistance to a full-time JD/MBA student who will be in the fourth year of the JD/MBA program in 2016-17. As per the donor's request, preference will be given to joint degree students who are Oregon residents with a commitment to the State and demonstrated promise to excel in the field of his or her endeavor: business, law or government. Selection will be determined by a committee comprised of an administrator from the College of Law and an administrator from the Atkinson School. Scholarship awards will range from $1,000 to $3,000 depending on the number of recipients selected. Applicants should submit a letter of application detailing their qualifications for the scholarship as listed above. The letter of application must be received by Betsy Reed, Associate Dean, AGSM (ereed@willamette.edu) by 11:00 p.m., Sunday, May 22, 2016.

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 the Willamette Student Job Board online.