Financial planning

The Kelley School of Business is committed to helping you plan for this investment in your future. Be sure to review our tuition and financial aid information. Note that only tuition and mandatory fees are billed to your account at the start of each semester; other costs are variable and occur throughout the year so it's important to budget accordingly. More specifically, remember to include these first semester costs in your budget:

• Security deposit for apartment rental (due at lease signing)
• MBA Association dues (about $500; covers both years, due in August)
• Academy Week travel (between $1,000 and $1,500 depending on the Academy; required and incurred in September/October)
• GLOBASE (program fee between $1,500 and $2,500 charged to January bursar bill, plus flight/transportation costs)

For additional information, see IU Financial Resources for Graduate Students.

Loan programs

Admitted students can fund their educational expenses through federal and/or private loan funding. A US citizen or permanent resident can complete the FAFSA to become eligible to receive up to $20,500 in an unsubsidized loan.

Students seeking funding beyond the $20,500 unsubsidized loan can apply for a Graduate PLUS loan. The Graduate PLUS loan requires a separate application to be completed in addition to the FAFSA application. A PLUS loan allows a graduate/professional student to borrow on his/her own behalf up to the cost of attendance minus any other financial aid received.

Both loans are part of the Federal Direct Loan Program. Under this program, the US Department of Education would be your lender. Direct Loans have fixed interest rates and several repayment plans to choose from.

Private student loans can be an alternative source of funding for domestic students. Private student loan lenders typically require a student to have a good credit history or co-signer with a good credit history and loan certification from the school. By conducting a quick internet search you will find many private loan lenders to choose from. Please make sure to do your research before selecting a lender.

International students may be eligible to apply for a student private loan through a US based lender if they have a US citizen or permanent resident willing to co-sign a loan. Interest rate for the loan would be based on the co-signer’s creditworthiness. Prodigy Finance & MPower Financing offer a no co-signer loan option to international Kelley MBA students.