If you are a U.S. citizen or permanent resident, you will likely be eligible for federal student loans.

To determine your eligibility, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available October 1 of each year, and it is recommended to have your FAFSA completed at least by June 1 prior to your date of enrollment.

Once your FAFSA has been successfully processed, you will be offered enough federal loans to cover your program costs each semester. Additional loans can then be requested to help cover living costs and other educational expenses not already included in your program costs, which you can request by emailing the McCombs Financial Aid team. 

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. The Financial Aid team will begin packaging McCombs students' financial aid in late May/early June for the upcoming aid year. If you do not receive a Financial Aid Notification (FAN) by the end of June, please contact us at FinancialAid@mccombs.utexas.edu. 

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. Summer loans require a separate approved application with your lender, and we cannot certify a summer disbursement with any fall/spring loans.

Once you have been approved for loan funding through your lender, please notify the McCombs Financial Aid team by filling out the Private Loan Certification Request Form. We do not receive notification directly from lenders when a student has been approved for funding, so you must fill out the form in order for your private loans to be processed by McCombs. 

If you have any questions about private loans, please email us at FinancialAid@mccombs.utexas.edu. 

There are some loan options for international students. More favorable loan terms may be available if you have a U.S. citizen or permanent resident as a co-signer. There are a few lenders that do not require a U.S. co-signer for approval, but the loan terms are typically less preferable. 

The University of Texas at Austin cannot co-sign on any loans, and as a public institution, we are unable to recommend any specific lenders. We advise searching online and speaking to current students or alumni to see what options may be available for your. Once you choose a lender, we are able to work with all banks and lending institutions to process your loan.

Have you or your spouse been living and working in Texas for at least a year?

If so, it is possible that you could be considered an International Texas Resident. If you are able to establish domicile and be classified as a Texas Resident, you may have additional options to secure funding.

• Review the list of eligible visas that may allow you to establish domicile, and please refer to the Texas Residency office for more information about establishing domicile.
• If you or your spouse is on an eligible visa, please contact us at FinancialAid@mccombs.utexas.edu to discuss your situation. 

The McCombs School of Business offers a limited number of Admissions Recruiting Award scholarships to Working Professional MBA students in our MBA at Dallas/Fort Worth, MBA at Houston, and Evening MBA. All applicants are automatically considered for Admissions Recruiting awards as part of the application review process. These scholarships are awarded based on merit and need*.

Admissions Recruiting Award scholarships could be up to $10,000 total, split evenly across each semester of the program. Scholarships require that students remain in good academic standing and are fully employed. Scholarship availability and awards are subject to change without notice.  

*While a separate application is not required to be considered for Admissions Recruiting Awards, applicants should submit the FAFSA as soon as possible after it becomes available in October, for need to be considered in the award process. 

Please note that the McCombs Financial Aid team does not make Admissions Recruiting award decisions. If you have questions about Admissions Recruiting Award scholarships, please email MBA Admissions.

Many private organizations offer scholarships to graduate students based on different criteria. Some resources to search for external scholarships include:

• Fastweb
• Salle Mae Graduate School Scholarship Search
• Juno - MBA Scholarships