FAQ: Cost of Attendance (COA)
Cost of Attendance (COA) is the average cost for one academic year. Each year the Haas Financial Aid Office provides an estimate of tuition and fees, books and supplies, room and board, transportation, and personal expenses as the basis for determining financial aid eligibility during the 9-month academic year.
The Evening & Weekend MBA program has a per unit charge that will determine your Program Fees, which is a major contributor of your total COA. Typically, first-year students will be enrolled in 8 units, continuing students will be enrolled in 6 units.
No, the budget items outside of the Program Fees are estimates of additional funds you may need to help cover living expenses and books. Typically, as an Evening & Weekend MBA student, most opt to only finance the Program Fees. You may accept/apply for loans in an amount less than the Cost of Attendance.
FAQ: Scholarships for Prospective/Admitted Students
Review Dates and Decision Dates are noted on our Entering Students scholarship page. Please note that you will only be able to apply for Haas Scholarships via the admissions application. Merit award applications are due at the same time as admissions applications. Need- based award applications will only be made avaialble to admitted students. Decision dates are scheduled so that you will know the results of most scholarships prior to the program deposit deadline. Students are informed via email by close of business on the decision date noted for each round.
Yes, most of our scholarships for entering students are open to both international and domestic students.
Berkeley Haas scholarships are limited and very competitive. The criteria for each award varies.
Berkeley Haas uses a separate online scholarship application which students complete as they are applying for the Evening & Weekend MBA Program. When completing the application, you will select the scholarships for which you feel you are a good fit. Your application will be reviewed by the various scholarship committees after admission. Awards are given to students who best meet a scholarship’s criteria, many of which include a short essay. We provide a list of Outside Scholarships for opportunities outside of Haas.
While you cannot resubmit your application, you should be aware that should additional funding later becomes available, we may revisit your application. If you application is revisited, we will notify you via email.
FAQ: Loan Options
Students can complete the FAFSA as early as October, but should do so no later than the following July prior to the start of classes. Doing so will ensure that funds are received by the University and applied towards fees by the fall due dates.
- Interest Rates – The interest rates for private loans are determined by the borrower’s credit score, where the federal loan interest rates are set by Congress.
- Fees – Private loans tend to have zero fees, while the federal loans have origination fees of approximately 1 and 4%.
- Repayment Plans – The federal loans offer a variety of repayment plans, where private loans offer only a standard repayment plan.
Yes, Haas has secured multiple loan options for international students that do not require a co-signer. These loans are referred to as “risk-share” loans. The current borrowing capacity for the risk-share loan options is $15,000 per term or $30,000 per academic year. The lending market has other non-Haas affiliated options that may have better rates and terms. Students are encouraged to shop for lenders that best suit their needs before making a decision.
If you are approved for a loan with a cosigner you may not borrow a risk-share loan as the risk-share loans are intended for those unable to secure a financing option.
Both federal and private loan funds will disburse directly to the University approximately 10 days prior to the start of the term. Please note that half of the loan funds will disburse in fall and half in the spring.
FAQ: Other Funding
The Haas School of Business, as part of the public University of California system, is one of the few top ranked MBA programs in the country that is able to benefit from the expanded Post 9/11 Benefits signed into law in January 2011. Depending on the length of the qualifying service, veterans can obtain:
- Funding for up to 100% fees
- A monthly housing allowance (determined by the VA office)
- An annual book stipend up to $1,000
You must first contact your local VA Office to obtain a copy of your Certificate of Eligibility (COA). We recommend students contact our office once they have accepted admission to begin the process.
Once you have completed your the term and have paid your tuition you will be able to print your account activity from Cal Central. You can also reach out to your program office and request a Grade Letter which would itemize your class with the individual unit load, cost of the course, and the completed grade. Those 2 documents have successfully gotten students reimbursements through their employer.
If you have paid these fees in full using your own resources or loans, the $6,147 will be refunded to you. However, fee remissions will not be paid to students as a refund if fees are being covered by outside sources.
If your fees are paid by a government agency, foundation, employer, or other outside organization, it is your responsibility to ensure that payment of fees is properly credited. Please have the third party email the Billing Office at firstname.lastname@example.org with an authorization letter on company letterhead.