Program Information
- Objectives
- Curriculum
- TEMBA Schedule
- Austin Intensive Experience
- Collaborative Learning
- Program Cost and Financial Aid
The Texas Evening MBA is a three-year graduate business program designed for managers and professionals who want to pursue an MBA degree outside of normal work hours. Classes are held on Monday and Tuesday evenings, with Austin Intensive activities integrated into the curriculum. Students attend classes in the fall, spring, and summer semesters, earning 48 equivalent credit hours - through the Austin Intensive experience and the evening classes. The rigorous curriculum, high academic standards, and superb faculty dedicated to this program are the same as in our existing MBA programs.
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Classes meet on Monday and Tuesday evenings from 6:00 pm-9:00 pm on the UT Austin campus. Classes kick off with the Austin Intensive which takes place on August 24-28, 2008.
Class of 2011 Calendar
A cornerstone of the TEXAS Evening MBA program is the Austin Intensive experience. This experience consists of a series of activities that are integrated into the curriculum over the 3 years of the program. These programs also help to build a strong sense of community among our students.
Among MBA programs, Texas is known for its collaborative environment, and collaboration will be integral to the TEMBA curriculum.
All students will participate in the cohort system, designed to strengthen and develop teamwork and leadership skills. As a group, or cohort, students will take their courses together, and will further be assigned to study teams. These teams, usually of five students, facilitate cross-functional and cooperative problem solving, while bringing together managers from different professional backgrounds. Our students are highly qualified and carefully selected, and our curriculum encourages them to learn as much from each other as from their coursework and professors.
On the technology front, The Business School offers state-of-the-art networking and collaborative tools, which will further enhance the TEMBA experience and complement team building during the work week. Students are encouraged to take full advantage of opportunities to share experiences, support each other, expand their team's capabilities, and develop future professional networks.
The total program cost for the Texas Evening MBA Program for the class
entering in August 2008 is: $79,800. Tuition is divided by the eight
semesters and includes program tuition, fees, required books and materials
and hotel/residential component of both the International Trip and Austin
Intensives.
The Board of Regents determines tuition and fees for the TEMBA program,
and therefore tuition and fees are subject to change. Students should expect
an increase from year I to year II and from year II and year III. Payments for
each semester's tuition and program fees are due approximately four 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
How you finance your MBA degree is clearly an important
decision. While many Texas MBA students will receive full
or partial support and sponsorship from their current employer,
the McCombs School of Business recognizes that additional
financial aid may be required and is prepared to help you
navigate the various financial aid options available to you.
While most available options are described in detail below, we
are fortunate to have a dedicated financial aid officer for our
MBA students. Should you have any additional questions following
your review of the material below, please contact Mary Gielstra,
Student Financial Aid Advisor, at 512/232.6460 or via email at
mary.gielstra@mccombs.utexas.edu.
The most common source of financial aid is student loans and, in
particular, loans available through the federal government. In
most cases, loan applications will be considered upon a
student’s admittance to the program. However, a student may
begin the process of applying for loans before admittance to the
program by completing a Free Application for Federal Student Aid
(FAFSA) as discussed in detail below. The following information
provides a step-by-step approach to applying for federal
financial aid.
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.
Please contact the McCombs School of Business Financial
Aid Rep for help with your financial aid questions- Mary
Gielstra.
mary.gielstra@mccombs.utexas.edu or call
(512) 232-6460
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. Processing of awards for graduate business students will
begin 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 online by
going to the OSFS website at
http://inaid.utexas.edu
and clicking on the CA$H link. The CA$H link requires a UT EID
number to access the site. You will be issued an EID once you
officially apply to the program.
WWhen you receive the e-FAN, you’ll submit it back to UT's OSFS
to accept 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 to complete the application.
Upon completion, send the promissory note/loan application to
the participating lender at the address provided in the
instructions.
What Financial Aid is Available for University of Texas
at Austin MBA Programs
Upon receiving your Award Notification through the FAFSA
process, you should follow the instructions for the loans for
which you qualify. All students who are loan eligible should
first apply for the Federal Stafford Loan, subsidized and
unsubsidized, prior to applying for additional loan assistance.
TThe notification will also contain information about the Federal
Grad PLUS supplemental loan and alternative loan. The Grad PLUS
will be awarded to you on your Financial Aid Notification.
However there is alternative loan available if you wanted to
choose an alternative loan instead of the Grad PLUS. The Federal
Government does not regulate alternative loans, so terms of the
loan will vary from lender to lender. You will need to contact
the individual lenders to learn more about the specific terms.
Federal Stafford Loan
The Federal Stafford Loan, also known as FFELP (Federal Family
Education Loan Program) is a federally subsidized long-term,
low-interest variable rate loan with an $18,500 federal annual
loan limit. Stafford Loans are either subsidized (need-based) or
unsubsidized (non-need based). The primary difference between
the two is the interest, which is not charged prior to the
repayment commencement or any other authorized deferment periods
under the subsidized format, i.e. the federal government
subsidizes the interest during this period. Eligibility for the
subsidized loans is calculated from the information provided in
the initial FAFSA application. The interest rate on the Federal
Stafford Loan is 6.8% fixed, and it is a ten-year repayment
term. Repayment begins six months after graduation or the last
class day, and there is no penalty for early payment. For more
detailed information on the Federal Stafford Loan, visitbr>
http://studentaid.ed.gov/students/publications/student_guide/2005-2006/english/types-perkinsandstaffordloans.htm
Federal Grad PLUS
There is Federal Grad PLUS supplemental loan available and this
will be awarded to you in the amount of the cost of education
minus any other assistance, such as the Federal Stafford Loan.
The Grad PLUS 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. However it is likely that lenders will offer a
forbearance so that repayment will begin six months after you
graduate to be in alignment with entry into repayment with the
Stafford.
Alternative Loan Source
Alternative loan is also available to choose instead of Grad
PLUS. The amount for alternative loan is the cost of education
minus any other assistance, such as the Federal Stafford Loan.
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.
Like the Stafford loan, these sources provide for deferment of
payments while enrolled and during a post-graduation grace
period, typically six months, before repayment begins.
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.
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