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Students interested in the Executive MBA, the Master's of Accountancy, the
Master's of Finance, and the MBA can find additional information specific to
their programs here.
MBA FAST and FLEX Track Programs
Students who enroll in the MBA FAST and FLEX Programs at Villanova University
can borrow the Federal Direct Unsubsidized Loan and the Federal Direct Graduate
PLUS Loan as a means of financing both their program costs and living expenses
for their academic year.
FAST and FLEX students are eligible for financial assistance for the summer,
fall and spring semesters in a borrower based academic year so long as they
enroll in at least 3 credits per term.
Disbursement of Loan Funds for FAST and FLEX Students:
| |
Summer I Session (late May) |
Summer II Session (early July) |
Fall Semester (late August) |
Spring Semester (mid January) |
| Direct Unsubsidized Loan |
$5,125 |
$5,125 |
$10,250 |
$10250 |
**Please note that the Office of Financial Assistance certifies the
Federal Direct Unsubsidized Loan in equal disbursement amounts for each semester
of enrollment (including summer).
For Example: If a student takes 10 credits in the fall and 8.5
credits in the spring (which is the typical schedule of a first-year FAST Track
student), we are not able to certify for a larger disbursement in
the fall, and a smaller disbursement in the spring, the loan amounts will be
equal. Please take this into account when determining your borrowing amounts for
the year.
Summer Sessions for MBA Programs
New and Returning students who enroll for the summer semester in the MBA
programs are eligible for financial assistance so long as they enroll in at
least a total of 3 credits. ** Please note that current students must be
evaluated for satisfactory academic progress prior to the awarding of financial
aid for the next academic year. Due to the small window of time
between the review of academic progress and when MBA students begin the summer
session in May, it is possible that financial aid may not be available at the
first start of class. Students who use financial assistance for their
living expenses are therefore encouraged to plan their budget accordingly.
MAC and MSF Programs
Students who enroll in the Master's of Accountancy and the Master's of Finance
Program at Villanova University can borrow the Federal Direct
Unsubsidized Loan and the Federal Direct Graduate PLUS Loan as a means of
financing both their program costs and living expenses for their academic year.
We encourage MAC and MSF students to contact the Office of Financial Assistance
prior to the commencement of their program to create a financing plan for the
year.
MAC and MSF students are eligible for financial assistance for the summer,
fall and spring semesters in a borrower based academic year so long as they
enroll in at least 3 credits per term. However, please note that we
advise all MAC and MSF students to plan for 1-2 months of living expenses
out-of-pocket prior to beginning the program. While students are
eligible to borrow for living expenses during the academic year, refunds from
loan disbursements are typically not available until 7-10 business days after
the add/drop period has ended each semester.
Disbursement of Loan Funds for MAC and MSF Student
Disbursements for MAC and MSF students follow the schedule below:
| |
Summer I Session (late May) |
Summer II Session (early July) |
Fall Semester (late August) |
Spring Semester (mid January) |
| Direct Unsubsidized Loan |
$5,125 |
$5,125 |
$10,250 |
Up to $20,500** **Not to exceed cost of attendance |
EMBA Program
Many students in the Executive MBA program will finance the cost of the
program through several different means, one of which can be the Federal Direct
Loan program. Students enrolled in the five modules of the EMBA Program
are eligible for the Federal Direct Unsubsidized Loan and the Federal Direct
Graduate PLUS loan which are two types of funding sources at their disposal. Given the
unique nature and design of the EMBA program, we encourage students to arrange
either face-to-face or phone appointments with the Office of Financial
Assistance in advance of starting the program. A financial aid counselor
can discuss your own individual financing plan for the full length of the
program.
To apply for financial aid, EMBA students can follow the steps outlined
here.
Disbursement of Loan Funds for EMBA students
The Borrower Based Academic Year allows the EMBA students to maximize their
Federal Direct Unsubsidized Loan eligibility before having to utilize other loan
sources:
| |
Module 1- Fall 2012 |
Module 2- Spring 2013 |
Module 3- Summer 2013 |
Module 4- Fall 2013 |
Module 5- Spring 2014 |
| Direct Unsubsidized Loan |
$10,250 |
$10,250 |
$10,250 |
$10,250 |
Up to $20,500** ** Not to exceed cost of attendance |
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