Master of Business Administration (M.B.A.)
business leadership from a Christian perspective

affordable
Tuition and fees for the 18-month, 40-credit hour program are approximately $17,400. Each student is issued a laptop computer containing the software required for the program. Continental breakfast and lunch on Saturday are provided during residency weekends. Housing information for out-of-town students is available upon request. Click here for important MBA financial aid information. Be sure to read all the information on this page and subsequent links.
 

Financial Aid Information

• Apply for federal financial aid using the Free Application for Federal Student Aid (FAFSA). You may apply online at www.fafsa.ed.gov. Brochures are available to assist you in requesting a pin and completing the process online.
   
• You must apply for federal financial aid each year. All awards are based on a full-time enrollment status.
   
• It is important to use the correct year's FAFSA when applying. Graduate and ADCP students beginning their programs in Fall 2008 or Spring 2009 should complete the 2008-2009 FAFSA now in order to be awarded for terms in this academic year, and the 2009-2010 FAFSA after January 1, 2009, for subsequent terms.
   
• In addition to filing the FAFSA, each student must complete a Milligan College Financial Aid Application and return it to Student Financial Services. You will be requested to complete this application each year.
   
• Graduate students are generally eligible for federal student loans only (Perkins, Stafford and Graduate PLUS Loans).
   
• If your program begins in Fall or Spring, you are awarded for two semesters in your academic year. The financial aid is disbursed in two disbursements, one at the beginning of each semester.
   
• Financial aid awards are adjusted if the student drops or adds credit hours during the drop/add period.
   
• AVAILABLE LOANS:

Federal Perkins Loan
Federal Perkins Loans are need-based and must be repaid. This low interest (5%) loan requires you to begin repayment 9 months after you cease half-time enrollment status. No interest or repayment is required while the student is enrolled in at least half-time enrollment status. This loan requires that Entrance Loan Counseling be completed for all borrowers and Exit Loan Counseling for all borrowers who are graduating or not returning to Milligan. After signing a Federal Perkins Loan Master Promissory Note, one-half of your annual Federal Perkins Loan award will be credited to your student account each semester. Click here for more details.

Federal Stafford Loans: Subsidized and Unsubsidized
Federal Subsidized and Unsubsidized Stafford Loans must be repaid. The Subsidized loans are need-based and the government pays the interest while the student is in college. The Unsubsidized loan is available to all students and the interest accrues while the student is in college. These loans require Entrance Loan Counseling for all first time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Milligan, or have dropped below at least a half-time enrollment status. Your loan funds will be received by the college via electronic funds transfer (EFT). Stafford loans are disbursed in two equal disbursements for the academic year. You will receive a notification indicating the amount of loan that has been credited to your account and a notice giving you the opportunity to reduce and/or cancel the loan in writing within 14 days of receiving your notification. Please refer to information regarding loan terms, interest, repayment and deferments listed in another section of this booklet. Click here for more details.

Federal Parent Loan for Undergraduate Students (PLUS)
and Graduate Students
A Federal PLUS Loan is a credit-based loan for parents of undergraduate students and for graduate students. It must be repaid. Graduate students may benefit from using the PLUS loan as opposed to an alternative loan because students may not qualify for an alternative loan based on credit history, or the interest rate may be higher than the 8.5% PLUS Loan interest rate. The Graduate PLUS Loan requires Entrance Counseling for all first-time borrowers and Exit Loan Counseling for all borrowers who are graduating, not returning to Milligan, or who have dropped below at least half-time enrollment status. If you need assistance in determining the amount to borrow, please contact Student Financial Services. If you borrow through the PLUS Loan Program, your loan funds will be received by the college, via electronic funds transfer (EFT) and the proceeds will be disbursed directly to the student's account in two equal disbursements for the academic year. Click here for more details.

 

Payment of Your Account

• MBA Tuition & Fees
  Tuition is $435 per semester hour. A non-refundable $30 application fee is required with the application. Applicants who are accepted in the program are required to pay a $150 deposit before they begin the program. The deposit reserves a place in the cohort. Students will be required to pay a $20 lifetime transcript fee their first semester and a $90 graduation fee at the end of the program. There are no other mandatory or course fees for this program.  
   
• Tuition Reimbursement
  If a student receives tuition reimbursement for any portion of the Milligan College MBA program, a letter from the provider, stating the company’s reimbursement policy and the student’s eligibility for reimbursement must be submitted to the Coordinator of Student Accounts.  Statements for each semester of the program are provided to aid students with the reimbursement process through their employer.
   
• Payment Options
  Students must make appropriate payment arrangements with the Student Accounts Coordinator, Laura Wimpey, prior to the start of classes. The Student Accounts Coordinator and a Student Financial Aid Representative will be on hand at the MBA Orientation to help students with their payment method and financial forms.
   
  • Monthly Installments
    Students who desire to pay educational expenses have the option to pay in monthly installments. This is an interest-free payment plan available through Tuition Pay.  Students can contact Tuition Pay at 1-800-635-0120 or can enroll online at www.tuitionpay.com
     

  • Online Payments
    Students who desire to pay their account at one time may pay online for the program.  The Online Payment Option is located at www.milligan.edu/sfs and uses e-check, credit card, or savings account information. We accept Visa, MasterCard, Discover, and American Express.

     

  Contact Information:
  
  Student Financial Services
  PO Box 250
  Milligan College, TN 37682
  Ph: 800-447-4880 or 423-461-8949
  Fax: 423-929-2368
  SFS@milligan.edu

   

  
  
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