Online Masters of Business Administration (OMBA)
The OMBA program is 22-month program designed for working professionals. Additional information on this program is available on the OMBA website.
Financial Aid for OMBA Students
The OMBA program has specific tuition and fee rates that are associated with the program. The cost of attendance/budget for students in this program is set to reflect the cost of this program.
In order to be eligible for federal loans, students in the OMBA program must:
- Enroll at least half-time (5 Credit Hours),
- File the Free Application for Federal Student Aid (FAFSA)
- Meet all Federal Loan Eligibility Criteria.
The loans available to OMBA students are:
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.
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, assistantships, fellowships, and tuition waivers). If you are interested in this loan, you must submit an application. This loan requires an approved credit check.
This 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, assistantships, fellowships, and tuition waivers). 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 OMBA students as well as all other University Scholarships and Financial Aid rules. To be considered for federal aid, you must submit a FAFSA for each academic year of the program.