Tuition and Fees, Financial Aid
"There are only a handful of opportunities in
a professional career that truly enhance your understanding of business
management and corporate strategy. The Executive MBA program at McCombs
School of Business has combined my work experience with a superior education
that positions me to become a respected leader in my organization. I
am completing this program armed with the tools necessary to implement
change and make a significant impact on the future competitive advantage
of Entergy Corporation."
John Davidson
Financial Planning Associate
System Planning and Operations
Entergy Corporation
A non-refundable $2000 deposit is required once an applicant accepts our offer of admission. The deposit will go towards the program costs.
|
Texas Executive MBA Program Total Cost |
|
| Approximate tuition/fees/seminars for Texas Residents entering in Fall 2008. | $70,000 |
There is a supplemental cost for those who can not establish Texas residency.
Fee includes:
*Program tuition & registration fees.
*Program costs.
*All textbooks, case materials
and software.
*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, and changes become effective on the date enacted.
Financial Aid
The McCombs School of Business has a dedicated financial aid advisor to assist you with your financial planning. Please contact Mary Gielstra for further information.
How to Apply
To apply, complete a Free Application for Federal Student Aid (FAFSA).
This is a national form available on the web 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 31st,
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.
Awarding Financial Aid
Within three to four weeks of sending your FAFSA to the federal processor,
you will receive your Student Aid Report (SAR). UT Austin will
receive the same data electronically, from the Federal Processing Center.
When you receive the SAR, review it to make certain the information
is correct. If UT’s Office of Student Financial Services (OSFS) needs
any additional information from you, a request will be sent. An example
of what could be requested is proof of Selective Service registration
for male students. It is a federal regulation to be eligible for aid;
males must have been registered with Selective Service. However, if
you did not become a U.S. citizen or permanent resident until after
age 26, you will need to submit a copy of your passport or other INS
papers that show your date of entry, to the OSFS. If you became a permanent
resident or U.S. citizen after age 26 you are not required to register
with Selective Service, however, documentation of this will be required.
Processing of awards for graduate business students will begin mid
to late April and electronic Financial Aid Notification (e-FAN)
award notices will begin going out at this time if you did not need
to submit any documentation in order for your application to be processed.
If you would like to check the status of your application, you may check
your status by going to the OSFS website at
http://finaid.utexas.edu
on CA$H.
When you receive the e-FAN, you’ll submit it back to OSFS accepting
your awards. Approximately one week after submitting the e-FAN, you
will receive a Master Promissory Note/loan application. The promissory
note/loan application will have instructions about information to be
filled out. You’ll send the promissory note/loan application to the
lender you chose when you submitted your e-FAN, and the lender’s address
will be provided in the instructions.
What Financial Aid is Available for University of Texas at Austin
MBA Programs
Texas Executive MBA
There is Federal Stafford Loan, also known as FFELP (Federal
Family Education Loan Program), and supplemental loan available. The
Federal Stafford Loan has an $18,500 federal annual loan limit. There
is need based Stafford Loan and non-need based Stafford Loan. The interest
rate on the Federal Stafford Loan is 6.8% fixed. It is a ten-year loan
and repayment begins six months after graduation or the last class day.
There will also be a federal Grad PLUS supplemental loan available.
This will be awarded to you to make up the difference between the program
cost and the $18,500 in federal Stafford. It isn’t a guaranteed student
loan like the Stafford, as there is a credit check for the PLUS loan.
The Grad PLUS has an 8.50% 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.
Alternative loan is also available to choose instead of Grad
PLUS. The amount for 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’ll fill out a loan application/promissory
note directly with the lender you select.
Please note that eligibility for the federal Stafford
Loan and/or supplemental loan can be different for students receiving
VA education benefits or education benefits from an employer.
Hazlewood Act
For information concerning the Hazlewood Act for ex-service Texas residents, please contact the campus Veteran Services Office at 512-475-7540.
