1. Office of Financial Aid and Scholarships Financial Aid and the MD/MBA Program 2011-2012

2. Uniqueness of MD/MBA  Students are enrolled both as MD and MBA students once accepted and now have single student identification number.  Students complete both programs and receive both degrees in 5 years.

3. 5 Year MD/MBA Schedule School Year SummerFallWinterSpring 1MD 2 3 4 MBA 5MD MBA

4. Challenges Federal law allows for higher yearly Stafford loan maximums for health professions programs (MD) than graduate programs (MBA) although the costs are similar. MBA program has limited scholarships/fellowships to help with the difference.

5. Opportunities 6 years of curriculum/living expenses for the cost of 5 to total a savings of a full year ($55,000 approximately).

6. Estimated Budget MD $33,000 tuition/fees/yr $19,000 living expenses/yr* =$52,000/yr X 4 years =$208,000 MD/MBA $33,000 tuition/fees/yr $19,000 living expenses/yr* =$52,000/yr X 5 years =$260,000 *Approximation based on living on campus in Verano Place (FY 10)

7. Federal Stafford Loan Maximums MD $8,500 Subsidized $30,00 Unsubsidized $38,500/yr X 4 years =$154,000 MBA $8,500 Subsidized $12,000 Unsubsidized $20,500/yr X 1 year =$20,500 Federal Graduate Plus loans, grants and scholarships to cover remaining eligibility 5 yr MD/MBA=$154K + $20.5K = $174,500 total maximum Stafford federal loan

8. MBA Faculty Scholarship Maximum $ 12,000 max scholarship + $174,500 max Stafford Fed loan = $186,500 total in aid

9. MD/MBA $260,000 budget -$186,500 aid (max) =$73,500 minimum gap over 5 years (can use grant funds, Federal Graduate Plus loans or out of pocket) Minimum Difference in Cost

10. MD $208,000 budget -$154,000 aid (max) =$54,000 minimum gap Federal Graduate Plus loans or out of pocket

11. $73,500 MD/MBA (5years) $54,000 MD (4years) =$19,500 more of a gap Minimum Difference in Gap

12. Why Deadlines Are Important Grant funds are limited and are awarded to those students with need AND who meet the deadlines. Important dates: –March - FAFSA deadline for academic year –May – Deadline for any requested documents for academic year

13. Where to go for Assistance Best resource for students: –On-line financial aid file at www.ofas.uci.eduwww.ofas.uci.edu personalized student information available –School of Medicine Contact: (949) 824-4605 –Paul Merage School of Business Contact: Alda Ruggiero (949) 824-7967 arguggier@uci.edu