Financial aid is available for the Professional Masters in Business Administration Program (PMBA) offered at Virginia Tech. The PMBA program is a two-year cohort-based program Additional information on this program can be found on the Professional Masters in Business Administration website.
Financial Aid for Professional MBA Students
The Professional MBA program has specific tuition, rates, and fees that are associated with the program. Eligible students must be enrolled at least half-time (5 credits) in a degree-seeking program, have filed the FAFSA, and are eligible for Federal Loans. The loans available to you as a PMBA students are:
> Federal Direct Unsubsidized Loan – the maximum amount a student can receive each academic year (fall/spring/summer terms) is $20,500. The loan will be offered to you and you can choose to accept the full amount, a partial amount, or decline the loan through the Hokie SPA. The loan amount offered to you will be evenly split between the fall and spring semesters.
> Federal Graduate PLUS Loan – the maximum amount you can receive in this loan is the difference between your cost of attendance (COA) and any other financial aid (loans, scholarships). If you are interested in this loan, you must apply for it at studentloans.gov. This loan requires an approved credit check.
> Private/Alternative Loan – this loan is an educational loan through a private lender. The maximum amount you can receive in this loan is the difference between your cost of attendance (COA) and any other financial aid (loans, scholarships). More information on this type of loan as well as a list of previously used lenders can be found on our website. This type of loan also requires an approved credit check.
Please note that scholarships, assistantships, and fellowships will reduce your federal and private loan eligibility.
All financial aid program rules apply to Professional MBA students as well as all other University Scholarships and Financial Aid rules. A FAFSA must be submitted for each academic year of the program.