Financial Aid and Insurance

Who should I contact for advice or help with BYU MBA financial aid?
Please contact Steve Hamberger (Financial Aid Office, C144 ASB, 801-422-5195) or visit the Mariott School’s financial aid page. He is here to help if you have any questions or concerns about financial aid.

The Marriott School is aware that under some circumstances financial aid may not meet the unique needs of the families in our MBA program. On a case by case basis, Mr. Hamberger can help assess your financial needs and help you consider other options of financial aid (including scholarships, federal loans, etc.) that you might not be aware of. So, if you are ever concerned about the amount of financial support you are receiving (i.e. “Are we going to make it through school?” “Do we have enough money to pay the bills this month?”) he would invite you to set up a consultation with him.

However, there are federal privacy laws that must be taken into consideration when discussing private financial information. The student will need to fill out a FERPA Financial Release of Information form and return it to Student Financial Services in A-153 ASB (Administration Building). After that form has been submitted, the student will be free to speak with Mr. Hamberger about their personal financial needs and specific assistance options.

What can you tell me about Federal Loans or Marriott School loans?
Graduate students can get a total of $20,500/year in Federal Stafford loans ($8,500 subsidized and $12,000 unsubsidized). The interest rate is fixed at 6.8% for federal graduate loans with a repayment period of 10 years. Marriott School loans are also available AFTER the students has accepted the total federal amount. Last year–2012–the Marriott School loan maxed out at $8,500 for first year students with an interest rate of 5.5% and a repayment period of 5 years. Marriott School loans are subsidized (interest does not accrue) while the student is still in school. It is important to note that all loans are given in 2 disbursements…half at the beginning of the Fall semester and half at the beginning of the Winter semester. When BYU processes the loan they will credit it towards any outstanding charges on the student’s account (tuition, medical insurance, etc.) and then refund the remainder to the student to use for living expenses.

What are the best insurance plans for students and how much do they cost?
For more information on coverage while at BYU, please download this document: Insurance at BYU. This is not a comprehensive list, but provides a good overview of the types of options available for health insurance coverage. We do not endorse one option over another and encourage families to make the best decision for themselves. For some, this will mean using a BYU health plan (BYU’s Health Center), for some it will mean using a private insurer, and for others, it will mean using a government-backed program.

What doctors/dentists/etc. do you recommend in the area?
Check out our Recommendations List to see who other spouses have recommended. Be sure to add your own recommendations as well.