Applicants to the Ph.D. Program in Accounting at The University of Texas at Austin are automatically considered for financial aid from a variety of University, McCombs School, and Departmental sources, as explained below. The program offers competitive financial aid packages to successful applicants, and contingent on satisfactory progress, all resident Ph.D. students in good standing generally continue to receive financial support throughout the program. Before accepting an offer of admission, a prospective Ph.D. student will receive a detailed description of the financial aid package we are able to provide to that student, both in the first year of the program and in subsequent years.
In general, there are three major types of direct financial assistance to resident Ph.D. students in accounting:
- half-time work appointments
- tuition assistance
- supplemental cash fellowships
Resident Ph.D. students in good standing generally receive all three. See below for details and other forms of assistance.
Types of Financial Assistance
Half-Time Work Appointments
Contingent on satisfactory progress, we are generally able to offer compensated half-time work appointments to all resident Ph.D. students in accounting during the fall, spring, and summer. These appointments can take the form of teaching assistant (TA), research assistant (RA), or assistant instructor of introductory accounting (AI). TA appointments involve assisting a professor's class with various activities such as grading and holding office hours for questions involving homework and/or cases. RA appointments involve assisting faculty research projects, which also helps Ph.D. students to learn the research process. Most students generally experience both TA and RA appointments during the course of the program. In addition, most students generally serve one term as an AI to teach an introductory accounting class and satisfy the program's teaching requirement. For more information on graduate appointments at the University of Texas at Austin, see the University's web site on resources for appointed graduate students.
Ph.D. students with half-time appointments (above) automatically qualify for in-state resident tuition. Even better, a half-time work appointment automatically confers a tuition bonus stipend that covers most or all of the student's annual tuition bill. Therefore, the Ph.D. program in accounting is essentially tuition-free. The student simply pays resident tuition as registration takes place, and then receives an offsetting tuition bonus as part of the remuneration for the student's appointment.
Supplemental Cash Fellowships
A variety of University, McCombs School of Business, Departmental, and private sources enables the Ph.D. Program in Accounting to provide supplemental cash fellowships to substantially all resident accounting Ph.D. students in good standing, for up to five years of doctoral study. Successful Ph.D. applicants are generally promised a base fellowship amount per year, contingent on satisfactory progress, and also have the opportunity to secure even more lucrative fellowships depending on the student's success in various University and private fellowship competitions. Historically, accounting doctoral students at UT-Austin have fared very well in these competitions, both at the University level and in private fellowship programs.
PhD Computer Initiative
The Ph.D. Program in Accounting provides each entering Ph.D. student with a desktop or laptop personal computer (student's choice) for use in the student's Ph.D. program. The computer belongs to the University, but is assigned to the student's exclusive use as long as the student remains in resident Ph.D. study at UT-Austin. We believe this initiative provides our accounting doctoral students with an important competitive advantage relative to other accounting doctoral programs that do not provide this benefit.
The program provides students with a modest expense account for program-related expenditures, and also provides proposal-based funding opportunities for out-of-pocket research costs.
Student Loans and Other Sources of Financial Aid
In addition to the program-specific sources of financial aid described above, Ph.D. students are also eligible for various subsidized student loans and other sources of financial aid that are available to all graduate students at the University of Texas at Austin.
Financial Aid FAQs
- How do I apply for financial aid?
All Ph.D. applicants to the Department of Accounting are automatically considered for financial aid, and generally, all resident Ph.D. students in good standing receive financial aid. This aid comes from a variety of University, School of Business, Departmental, and private sources.
- What sort of financial aid is available?
Resident Ph.D. students in accounting are generally offered half-time work appointments as a teaching assistant or research assistant. These appointments automatically confer bonuses that defray most or all of the in-state tuition cost, and all appointed Ph.D. students are automatically eligible for in-state tuition. In addition, the Program supplements half-time appointment compensation with various cash fellowships from a variety of sources. Applicants who are admitted to the program will receive a detailed description of the financial aid package we are able to offer.
- How much is tuition?
As explained above, half-time work appointments automatically confer bonuses that defray most or all tuition costs, although the exact amount of tuition varies somewhat depending upon the number of hours taken and any supplemental fees. Thus, as a practical matter, the program is essentially tuition-free for resident accounting Ph.D. students in good standing. The amount of this tuition benefit is currently about $9,000 per year.