Advancing your education is a big commitment and a worthwhile investment at Butler University. Our students invest in us, and we invest in our students by preparing them with the knowledge and skills they need to make an impact in the world.
|Program||Credits||Cost Per Credit||Estimated Tuition|
|Online MBA||38||$950||$36,100 *|
*Additional student fees may apply
The Office of Financial Aid awards Federal Direct Loans to degree-seeking graduate students enrolled at least half-time (three credit hours). There is no gift assistance for graduate students awarded through the Office of Financial Aid. Federal Direct PLUS Loans for Graduate Students and Private Loans are available to those needing additional assistance.
Graduate students who are studying abroad for credit with their program may be eligible to use loans for associated costs. Contact the Office of Financial Aid for more information.
Please note: Some Graduate Non-Degree Certificate programs may be aid eligible and may follow the procedures for borrowing. Please check with your department for details.
Financial Assistance Options for Graduate Students
Butler makes payment plans and loan options available to its graduate students. Visit the Financial Aid website for more information. For information about a monthly payment plan you can also contact the Office of Student Accounts.
Steps for Graduate Students Borrowing Loans
Federal Direct Loan
The Federal Direct Loan is a long-term, low-interest unsubsidized student loan. Degree-seeking graduate students enrolled at least half-time (three credit hours) may be eligible to borrow up to $20,500 annually.
- Students are required to file the FAFSA.
- Repayment begins six months after graduating, leaving the University or enrolling less than half-time.
- The fixed interest rate for the Federal Direct Graduate/Professional Unsubsidized Loan adjusts each year on July 1. Refer to studentaid.gov for updates.
- The origination fee for the Federal Direct Graduate/Professional Unsubsidized Loan is 1.057 percent.
- The origination fee for the Federal Direct Graduate/Professional Unsubsidized Loan adjusts each year on October 1. Refer to studentaid.gov for updates.
Federal Direct PLUS Loan for Graduate Students (Grad PLUS)
Federal Direct PLUS Loan for Graduate Students is available to credit-worthy students pursuing a graduate degree. Grad PLUS Loans may cover educational expenses up to the cost of attendance minus all other financial assistance. Interest is charged during all periods, and the lender is the U.S. Department of Education.
- Repayment begins 60 days after the loan is fully disbursed. Deferment options are available while the student is in school.
- The fixed interest rate adjusts each year on July 1. Refer to studentloans.gov for updates.
- The origination fee adjusts each year on October 1. Refer to studentloans.gov for updates.
- Students must complete the FAFSA and apply for the PLUS Loan at studentloans.gov.
- The Office of Financial Aid will process a PLUS Loan upon notification of credit approval.
- The Master Promissory Note (MPN) must be signed prior to funds being credited to the student's account.
- All borrowers will also be required to complete the Annual Student Loan Acknowledgement (counseling) at studentaid.gov.
- Students must be enrolled in a minimum of three credit hours to be eligible for the loan.
Graduate students may consider private loan options after exhausting opportunities from federal aid programs. See Private Loans on our Financing Options webpage for more information about the available loan programs. For Graduate Certificate Programs that are not federal aid eligible, students may be able to use Private Loans. Some Private Loan lenders, like Sallie Mae and PNC, allow borrowing for Graduate Certificates.