Executive Masters in Business Administration Program (EMBA)
Financial aid is available for the Executive Masters in Business Administration Program (EMBA) offered at Virginia Tech's Northern Virginia campus. The EMBA program is a cohort-based program which has 6 payments over the course of the program. The payments are set amounts (as opposed to variable tuition/fees). Additional information on this program can be found on the Executive Masters in Business Administration web site.
Financial Aid for Executive MBA Students
EMBA students are eligible for federal financial aid, assuming all federal aid requirements are met. The loans available to EMBA 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 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 submit an application. 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). This type of loan also requires an approved credit check.
All financial aid program rules apply to Executive MBA students as well as all other University Scholarships and Financial Aid rules. Please note that scholarships, assistantships, and fellowships will reduce your federal and private loan eligibility. In order to receive federal student loans, a FAFSA must be submitted for each academic year of the program.