Fees/Financial Aid
- Why is TEMBA more expensive than the Full-Time MBA program?
- Is there a payment plan?
- Are there scholarships available or other financial aid?
- Are there any additional program costs for TEMBA if I don't meet Texas residency requirements?
- How do I establish Texas residency?
Why is TEMBA more expensive than the Full-Time MBA program?
To maintain the same high standards of student service, TEMBA requires additional faculty resources and a separate administrative support staff. The program fee includes tuition, building and student fees, the August Austin Intensive experience, course packets, and books. (The Executive MBA program also uses a similar administrative support structure.)
When is payment due?
An invoice will be sent directly to the student prior to each semester. Payment is due in full approximately six weeks prior to the start of each semester. Regardless of whether a student is seeking financial aid or receiving a full or partial reimbursement from an employer, he/she is still responsible for payment in full prior to the start of each semester. The University of Texas will reimburse the student if additional payment is made after the semester payment deadline by another party.
Are there scholarships available or other financial aid?
There are no TEMBA-specific scholarships. Information on financial aid for graduate students will be included with application materials.
Are there any additional program costs for TEMBA if I don't meet Texas residency requirements?
Yes, you will have to pay an additional out-of-state program fee plus any additional University fees for each semester you do not meet the Texas residency requirements. (This fee is set each year by the legislature).
How do I establish Texas residency?
The question of establishing Texas residency is complicated. Only independent (for federal tax purposes) US citizens or permanent residents (holders of a valid I-551 issued in their name) are eligible to begin the establishment of Texas residency. Establishment of Texas residency requires that said individual live in Texas for 12 consecutive months without being enrolled in an undergraduate or graduate program. Furthermore, many companies have agreements with the state of Texas allowing employees who transfer from an out-of-state location to receive waivers of tuition to in-state rates. The residency classification will not change during the first year for this type of waiver. For further questions, contact a University of Texas residency officer at (512) 475-7391 or visit the website at www.utexas.edu/student/admissions/residency.
