Financial Aid packages are available from the RIT Office of Financial Aid & Scholarships for the Executive MBA program. Assistance and contact information will be provided if requested. Students in the Executive MBA program are considered full-time graduate students and are thus eligible to apply for financial aid.
Types of Educational Loans
There are many ways to get funding for your education; one of the most widely used resources is a federal or private loan.
William D. Ford Federal Direct Loans
The Federal Direct Loan is one of the most common types of federal student loans, and it requires the completion of the Free Application for Federal Student Aid (FAFSA).
Direct Unsubsidized Loan
A Direct Unsubsidized Loan is not based on financial need. Interest is charged during all periods throughout the life of the loan (in school, in grace, in deferment or forbearance, and during repayment). When enrolled at least half-time (6 credits hours for graduate study), you may choose to either pay the interest, or to defer the interest payment, in which case it will be capitalized.
For more details about the William D. Ford Federal Direct Loans, please refer to:
http://rit.edu/financialaid/loans.html#feddirect
Federal Direct PLUS Loans for Graduate Students
The Direct PLUS Loan for Graduate Students is a federal loan program provided to assist with the remaining educational costs after the maximum federal Direct Unsubsidized loan have been applied. Applicants must first file a FAFSA and must not have an adverse credit history. Otherwise, you must obtain a co-signer who does not have an adverse credit history. Please refer to the following link for more information about the Direct PLUS Loan for Graduate students:
http://rit.edu/financialaid/loans.html#gradfedplus
