Program Information
Overview:
- Objectives
- Curriculum
- TEMBA Schedule
- Austin Intensive Experience
- Collaborative Learning
- Program Cost and Financial Aid
- The Texas Evening MBA is a 33 month 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.
- The rigorous curriculum, high academic standards, and superb faculty dedicated to this program are the same as in our existing MBA programs.
- Integrate innovative business strategies with applications to current and future work environments
- Learn to create tactically integrated plans to achieve corporate goals
- Develop effective managerial skills
- Understand the economic, social, technical, and political forces driving worldwide change in industries and markets
- Increase competencies in key functional areas of business
- Gain command of the business concepts and tools required to design and implement strategic plans and improve net results
- Develop the ability to analyze, structure, and lead organizations through change
Class of 2013 Calendar
A cornerstone of the TEXAS Evening MBA program is the Austin Intensive experience. This in-residence 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. The Austin Intensives provide additional instruction on key business fundamentals (year 1) and provide supplemental training in important skills areas such as team building, oral and written presentation techniques and advocacy skills (years 2 and 3).
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 2009 is: $ $83,800. Tuition is divided by the
eight semesters and includes program tuition, 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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