Texas Executive MBA Program Total Cost
|Tuition/fees/seminars for Texas Residents entering in Fall 2012
A non-refundable $2,000 deposit is required once an applicant accepts our offer of admission. The deposit will go towards the program costs.
There is a supplemental cost for those who cannot establish Texas residency.
- Program tuition & registration fees.
- Program costs.
- All textbooks, case materials and software for core courses.
- Lodging and all meals during the Executive Seminars held in Austin.
- Lodging and two meals per day at the International Seminar (airfare for the international trip is not included).
- Lunch for the Friday Speaker Series.
Due to budgetary pressures, there may be further increases in tuition. Students should expect an increase from year I to year II. Payments for each semester's tuition, fees and seminars are due approximately six weeks before each semester begins.
Tuition, fees and charges are subject to change by administrative, legislative or regental action. Changes become effective on the date enacted.
Office of Student Financial Services (OSFS)
OSFS's Application Guide provides valuable information regarding the application process for financial aid. Applicants can apply for most loans through the University's Office of Student Financial Services (OSFS).
To apply for federal and state assistance, students will need the Free Application for Federal Student Aid (FAFSA). It is available online at www.fafsa.ed.gov. You will need to list UT Austin on the FAFSA along with the school title IV code, which is 003658. The priority application date is March 15, although there are no actual deadlines. Only domestic and permanent residents are eligible for financial aid through the FAFSA form. To check the status of the processing of your FAFSA at the Federal Student Aid processing center, call 1-800-4FED AID and select option #1.
Under the federal loan categories, there are Federal Direct unsubsidized loans as well as the Graduate PLUS loan available. Graduate students may borrow a maximum of $20,500 in the Federal Direct unsubsidized loan program which is a federal annual loan limit. The unsubsidized loan is a non-need based Direct Loan. The interest rate on the Federal Direct Loans is 6.8% fixed. It is a ten-year loan and repayment begins six months after graduation or the last class day. The Graduate PLUS supplemental loan will be awarded to you to make up the difference between the program cost and the $20,500 in Direct Loans. It isn’t a guaranteed student loan like the Direct Loan, as there is a credit check for the PLUS loan. The Grad PLUS has a 7.9% fixed interest rate. An in-school deferment will be available as long as the student is enrolled in at least half-time. Repayment begins 30-60 days after graduation or the last class day.
An alternative loan is also available to choose instead of Graduate PLUS. The amount for the alternative loan is the cost of education minus financial aid awards. The Federal Government does not regulate alternative loans. As a result, the terms of the loan will vary from lender to lender. When you choose a lender, you will fill out a loan application/promissory note directly with the lender you select.
Please note that eligibility for the Federal Direct Loans and/or supplemental loans can be different for students receiving VA education benefits or education benefits from an employer.
Assistance for Veterans
The Post-9/11 G.I. Bill, which offers federal benefits, is designed to provide robust educational benefits to service men and women who have served on active duty for 90 days or more since September 10, 2001. It covers a large part of the cost for the Texas MBA professional and executive programs – but not all. We will be offering additional assistance in the form of a waiver to offset some of the costs above the amount provided by the Department of Veterans Affairs. Currently a veteran who qualifies for 100% eligibility may receive a waiver to cover the remaining cost of their respective program. Those who qualify at less than 100% eligibility may be given a waiver to cover a portion of their remaining bill. The programs reserve the right to revise the waiver program at the beginning of each academic year.
If you are a veteran, first let us say thank you for your service. Visit the U.S. Department of Veterans Affairs website at http://www.gibill.va.gov to learn more and determine your eligibility under the Post-9/11 G.I .Bill. The Texas Executive MBA Program office will then work with you to ensure you are getting the proper assistance under this new policy.
The Hazlewood Act (Texas Ex-Service Exemption) is a State of Texas educational program that allows exemption of tuition for veterans and certain dependents of veterans to attend Texas Public Universities. Tuition for a maximum of 150 credit hours beginning Fall 1995 can be exempted if a student is registered in a state supported course. The invoice for the Texas Executive MBA Program is comprised of University tuition, program tuition, executive seminars, and more. Hazlewood will cover University tuition only.
For information concerning the Hazlewood Act for ex-service Texas residents, visit the CollegeForTexans.com website or contact the Office of the Registrar, Enrollment and Veteran Certification at 512-475-7540.
For those who qualify for both Post-9/11 and Hazlewood benefits, please note that after federal benefits are applied (Post-9/11), the state benefits are applied (Hazlewood). Depending on eligibility, Hazlewood may not cover additional costs which were not covered by Post-9/11 benefits.
For information concerning the Hazlewood Act for ex-service Texas residents, visit the CollegeForTexans.com website or contact the campus Veteran Services Office at 512-475-7540.
If you have specific questions regarding your financial planning, please contact our dedicated financial aid staff at Accounts_Manager@mccombs.utexas.edu.