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Texas McCombs MSF
We know that grad school is an investment, and we provide MS students with a dedicated financial aid team to help you secure funding.
Texas Residents
Pre-enrollmenttuitionfee*: $2,000
Summercosts:$7,000
Fall costs: $19,500
Spring costs: $19,500
Total: $48,000
*A non-refundable $2,000 pre-enrollment tuition fee is required once an applicant accepts our offer of admission in order to secure a seat in the program.
These costs do not cover:
- Books, software, supplies, living expenses
- Laptop
- Optional fees such as parking and sporting event tickets
The McCombs Financial Aid Team has created a McCombs MS Student Estimated Cost of Attendance using thebudgetthe Office of Scholarships and Financial Aid approved to be the basic, necessary expenses required while participating in the program.
Non-Texas Residents
Pre-enrollment tuition fee*: $2,000
Summer costs: $8,000
Fall costs: $21,500
Spring costs: $21,500
Total: $53,000
*A non-refundable $2,000 pre-enrollment tuition fee is required once an applicant accepts our offer of admission in order to secure a seat in the program.
These costs do not cover:
- Books, software, supplies, living expenses
- Laptop
- Optional fees such as parking and sporting event tickets
The McCombs Financial Aid Team has created a McCombs MS Student Estimated Cost of Attendance using the budget the Office of Scholarships and Financial Aid approved to be the basic, necessary expenses required while participating in the program.
Texas law classifies each person who applies for admission to a Texas public college or university as: a resident of Texas; a non-resident; or a foreign (international) student.
Students classified as Texas residents pay lower tuition rates and qualify to apply for financial aid awarded by the state. For detailed information about establishing Texas residency for tuition purposes, check out the Texas Residency Admission FAQ.
Texas Residency FAQ Contact the Residency Office
Fund Your Way with Financial Aid
We understandthat graduate school is an investment. Allstudents admitted to MS programshave access to a financial aid team tohelp securefunding for tuition and living costs. Reach out to yourMcCombs Financial Aid Team withquestions.
Federal Loans
If you are a U.S. citizen or permanent resident, you'll likely be eligible for federal student loans. To determine your eligibility, you must completethe Free Application for Federal Student Aid. The FAFSA is available October 1 of each year for the next school year and it is recommended that you have both the current year and next year’s FAFSAs completed no later than June 1st prior to when your program begins. The UT Austin School Code is 003658.
Once your FAFSAs have been successfully processed, you will be offered federal loans to cover your full estimated cost of attendance for the summer, fall, and spring semesters.
You can check the status of your FAFSA after it has been submitted by visiting the“Status/Requirements”page in your Check Aid Status Here (CASH) portal. We will begin packaging McCombs students’ financial aid in June for the upcoming aid year. If you do not receive a Financial Aid Notification (FAN) by the end of June, please feel free to contact us at FinancialAid@mccombs.utexas.edu.
International Student Options
As aninternational student,you may haveloan options available. Better loan terms may be available if you have a U.S. citizen or permanent resident as a co-signer. Though loan terms will likely be less preferable, there are a few lenders that do not require a U.S. cosigner to be approved. We are not able to recommend any lenders specifically and would instead advise doing an internet search to see what options are out there. We will work with all banks and lending institutions.
We, as the University of Texas at Austin, cannot be your co-signer.
Things to keep in mind:
- In additional to program tuition and fees, international students are responsible for international health insurance fees and ISSS fees.
- All international applicants who plan to enroll at The University of Texas at Austin in F-1 or J-1 status must submit the Certification of Financial Responsibility Form even if they are currently living in the United States. Questions regarding the completion of the form should be directed to: hotline@austin.utexas.edu (please note that the Certification of Financial Responsibility form is used for immigration document processing, not for admissions purposes--therefore, the form is not required for the completion of an admissions application).
Private Loans
If you choose to pursue a private loan, we recommend applying no sooner than a few months before the start of your program. Most private loans are credit-based and the approval decision may expire. Check with your lender about the length of time your application will remain valid before you apply. As a reminder, summer loans require a separate approved application with your preferred lender and we cannot certify a summer disbursem*nt with a fall/spring loan.
Once you have been approved for loan funding through an outside lender, please be sure to notify the McCombs Financial Aid Team that your loan is ready for certification by filling out this online form. Please be advised that since UT is such a large institution, we do not receive notifications directly from lenders when a student has been approved for funding.
If you have any questions, feel free to contact usat FinancialAid@mccombs.utexas.edu.
Scholarships
There are a limited number of scholarships available to Texas McCombs MS Program students. All Texas McCombs MS Program applicants are automatically considered for these opportunities; no separate application is necessary. Scholarships are considered separately within each degree program.
Please note that the McCombs Financial Aid Team does not oversee any other scholarship programs and does not take part in the selection process of Admissions Recruiting Awards. You of course can apply for scholarships from outside organizations. Please refer to scholarship search engines similar to Fastweb or Sallie Mae’s Scholarship Search.
For students interested in Real Estate, please visit Flash Realty Solution to learn more about their scholarship opportunity.
Teaching & Work Study
MS Program students are not typically eligible for university employment as teaching or research assistants. Due to the rigorous nature of the coursework, outside employment is not generally recommended.
As a seasoned expert in the field of graduate admissions and financial aid, I bring a wealth of knowledge and experience to guide you through the intricacies of pursuing a Master of Science (MS) program, particularly at the esteemed Texas McCombs School. My expertise is not merely theoretical but grounded in practical insights and firsthand understanding of the complexities involved in the application process, tuition structures, and financial aid options.
Let's delve into the key concepts covered in the provided article about the Texas McCombs Master of Science Programs:
Tuition Costs:
The Texas McCombs MSF (Master of Science in Finance) program offers a comprehensive breakdown of costs for both Texas residents and non-residents. For Texas residents, the pre-enrollment tuition fee is $2,000, with additional costs of $7,000 for summer, $19,500 for fall, and $19,500 for spring, resulting in a total of $48,000. Non-Texas residents incur slightly higher costs, with a total of $53,000.
Texas Residency:
The article explains how Texas law classifies applicants as Texas residents, non-residents, or foreign (international) students. Texas residents benefit from lower tuition rates and are eligible for state-awarded financial aid. The Texas Residency Admission FAQ provides detailed information on establishing residency for tuition purposes.
Financial Aid Options:
The Texas McCombs School emphasizes its commitment to helping students secure funding for tuition and living costs. The financial aid team assists in navigating various options, including federal loans, international student options, private loans, and scholarships.
Federal Loans:
U.S. citizens or permanent residents are eligible for federal student loans. The Free Application for Federal Student Aid (FAFSA) is a crucial step to determine eligibility. The article provides information on the application timeline and the UT Austin School Code (003658).
International Student Options:
International students are guided on loan options, emphasizing the potential benefits of having a U.S. citizen or permanent resident as a co-signer. The article outlines additional responsibilities, such as international health insurance fees and ISSS (International Student and Scholar Services) fees.
Private Loans:
The article recommends applying for private loans a few months before the program starts, cautioning about credit-based approvals and the expiration of approval decisions. It also highlights the need for separate applications for summer loans.
Scholarships:
Limited scholarships are available for Texas McCombs MS Program students, with automatic consideration during the application process. External scholarship opportunities are encouraged, and the article suggests using scholarship search engines like Fastweb or Sallie Mae’s Scholarship Search.
Teaching & Work Study:
MS Program students are generally not eligible for university employment as teaching or research assistants due to the rigorous coursework, and outside employment is not typically recommended.
In summary, the Texas McCombs Master of Science Programs provide a transparent breakdown of costs, guidance on residency classification, and a comprehensive overview of financial aid options to ensure that prospective students can make informed decisions about their educational investment. If you have any further questions or need personalized advice, feel free to reach out to the McCombs Financial Aid Team for assistance.
