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Scholarships & Financial Aid

McCombs School of Business McCombs School of Business

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Study abroad can be affordable! In some cases, a semester abroad may cost the same or less than a semester at UT. 

Students can use their existing financial aid and scholarships toward a Semester or Summer Program. In addition, many scholarships are available to help fund costs like airfare, visa, passport, and international living expenses. We encourage participants to start researching funding options early, as some scholarship applications are due up to a year before departure. 

Explore the tabs below for details about scholarship opportunities through BBA International Programs. Our award applications can be found on Global Assist. If you don't see a particular scholarship currently listed, check back closer to the deadline, as the Global Assist is updated throughout the year. 

For additional study abroad scholarship information and resources, see the Texas Global funding website
 

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Financial Aid

Financial Aid

The financial aid you already receive can, in most cases, be used for study abroad programs. 

Aid for study abroad is jointly approved via Texas Global, BBA International Programs, and the Office of Financial Aid (OFA). Students seeking financial aid for their program should complete the FAFSA for the appropriate academic period. To assist in the timely receipt of your financial aid, and to ensure full consideration for all aid for which you qualify, you must apply by the Priority Date. If you miss the Priority Date, you must complete the FAFSA no later than three months prior to your departure date.

BBA International Programs will send the Office of Financial Aid the estimated costs for your study abroad program. OFA will revise your financial aid awards based on these costs and send you a Financial Aid Notification (FAN). Additional grant funding is not available from OFA for study abroad programs. Study abroad students are offered additional loans (student, parent, or private) as eligibility permits. Visit the Texas Global funding website for additional information. 

Education Abroad Counseling and Financial Aid Counseling must be complete before any financial aid will be released. Important items to keep in mind as you prepare to go abroad:

  • Complete all requirements before departure to ensure your financial aid is released on time 

  • Release of financial aid occurs beginning 10 days before the first class day of the regularly scheduled UT Austin term or semester for programs that start prior to UT’s first class day, or 10 days before the start of a study abroad program that starts after UT’s first class day

  • Students will need to pay deposits or airline tickets on their own

  • Ensure your US contact information is accurate - work with your assigned Financial Aid Counselor to have any anticipated paper checks mailed to the correct US address. International mailing is not available. 

 


Common Questions

 

Can I apply my financial aid abroad? 

Yes, financial aid may be applied to all BBA International Programs. However, keep in mind that the type of aid you receive may be different from the awards package you normally get at UT. In most cases, loans will be the primary source of financial aid awarded for Faculty-Led Programs. Although certain grants may be used abroad, it is possible that some scholarships or grants will NOT transfer abroad, or may only be applied to long semesters (Fall/Spring).  For details on whether grants may be used abroad, please contact your Financial Aid Counselor and/or grant provider. 

How do I apply for financial aid? 

You apply as you would for any other semester at UT. Please complete the FAFSA application by the March 15 deadline. For additional instructions, please contact the Office of Financial Aid

 

Can I defer my UT tuition until my financial aid is released? 

No. Unfortunately, students will not be able to defer their tuition until financial aid is released. Students must plan ahead to have sufficient funds to pay their tuition by the UT deadline. Students are eligible to apply for a tuition loan from the University. Tuition loans carry an interest rate of 4%.

 

When can I expect my financial aid to be released? 

Financial aid award disbursements depend on the start date of your program abroad. For Fall Semester Programs that begin in July or early to mid-August, OFA will release funds starting 10 days before the start of the fall semester at UT Austin. For Spring Semester Programs that start after the UT spring semester, financial aid will be released starting 10 days before the program start date. It is important that students arrange for funds to cover expenses prior to departure, as well as immediate expenses for the initial weeks abroad. 


When can I expect my financial aid to be released? 

Financial aid award disbursements depend on the start date of your program abroad. For Fall Semester Programs that begin in July or early to mid-August, OFA will release funds starting 10 days before the start of the fall semester at UT Austin. For Spring Semester Programs that start after the UT spring semester, financial aid will be released starting 10 days before the program start date. It is important that students arrange for funds to cover expenses prior to departure, as well as immediate expenses for the initial weeks abroad. 

When can I expect my financial aid to be released? 

Financial aid award disbursements depend on the start date of your program abroad. For Fall Semester Programs that begin in July or early to mid-August, OFA will release funds starting 10 days before the start of the fall semester at UT Austin. For Spring Semester Programs that start after the UT spring semester, financial aid will be released starting 10 days before the program start date. It is important that students arrange for funds to cover expenses prior to departure, as well as immediate expenses for the initial weeks abroad. 

BBA Semester Scholarships

BBA Semester Scholarships

In addition to applying to general study abroad scholarships, students participating in BBA Semester Programs (Fall, Spring, Summer Exchange, or year-long) may apply for the following scholarship:

 

Texas BBA Parents Council Scholarship

Generously supported by the McCombs Parents Council, this scholarship is awarded to students studying abroad on a Semester Program.

Eligibility: Undergraduate BBA students studying abroad on a BBA Semester Program
Award amount: Up to $2000
Deadline: March 15th (summer & fall); October 15th (spring)
Application: Global Assist

For more Semester Program scholarship opportunities, see the 'Additional Scholarships' tab 

Maymester Faculty-Led Scholarships

Maymester Faculty-Led Scholarships

Maymester participants must apply for a general scholarship at the time they submit their application to the program. Selected applicants will receive their placement offer and scholarship offer at the same time, if they receive one.

 

McCombs: Maymester Scholarship

This is a general scholarship providing financial assistance to deserving students who are enrolled in a Maymester Faculty-Led Program. Awards are based on merit and financial need. 

Eligibility: Any student participating in a Maymester Faculty-Led Program
Number of awards: Multiple awards available
Award amount$1000-$2000 
Deadline: At the time of program application

Application: Global Assist


Deposit and Fee Payment

BBA International Programs is committed to helping make study abroad as accessible as possible. Students interested in Faculty-Led Programs who are concerned about paying the non-refundable deposit upon enrollment, but would still like to apply and financially commit, should contact Aleksandra Wingate at aleksandra.wingate@mccombs.utexas.edu. Our office will work with your specific circumstances to find the best solution for each student.


BBA Faculty-Led Scholarships

BBA Faculty-Led Scholarships

Participants in BBA Summer Faculty-Led Programs may apply for a variety of scholarships below. Please note, you must be an accepted participant in the program in order to apply for a scholarship. Additional information will be provided to accepted participants. 

McCombs: Study Abroad Scholarship

This is a general scholarship providing financial assistance to deserving students who are enrolled in a BBA Summer Faculty-Led Program. Awards are based on merit and financial need. 

Eligibility: Any student participating in a BBA Summer Faculty-Led Program
Number of awards: Multiple awards available
Award amount: $1000-$2000 
Deadline: March 1. Additional information will be provided to accepted participants.

Application: Global Assist

McCombs: First Generation Scholarship

Awards first generation college students taking on the challenge of study abroad through a BBA Summer Faculty-Led Program. For this scholarship, first generation college students are defined as first in their immediate family to attend college.

Eligibility: BBA Summer Faculty-Led Program participants who are first in their immediate family to attend college. 
Number of awards: Multiple
Award amount: $1000-$2000
DeadlineMarch 1. Additional information will be provided to accepted participants.

ApplicationGlobal Assist


McCombs: CBHP Summer Study Abroad Scholarship

Sponsored by the Canfield Business Honors Program Office, this scholarship is open to CBHP undergraduate students enrolled in a BBA Summer Faculty-Led program.

Eligibility: Canfield BHP undergraduates participating in a BBA Summer Faculty-Led Program
Number of awards: Varies
Award amount: $1000-$2000
DeadlineMarch 1. Additional information will be provided to accepted participants.

Application: Global Assist


McCombs: BBA Community Values Scholarship

BBA International Programs has dedicated this scholarship to recognize McCombs students who embody the BBA Community Values through academic or extracurricular achievement. Application is merit-based.

Eligibility: Any student participating in a BBA Summer Faculty-Led Program
Number of awards: Varies
Award amount: $1000 - $1200
DeadlineMarch 1. Additional information will be provided to accepted participants.

Application: Global Assist


McCombs: Outstanding Student Scholarship

BBA International Programs has dedicated this scholarship to recognize McCombs students who demonstrate strong personal, academic and leadership skills. Application is merit-based.

Eligibility:Any student participating in a BBA Summer Faculty-Led Program
Number of awards: Varies
Award amount: $1000 - $1200
DeadlineMarch 1. Additional information will be provided to accepted participants.

ApplicationGlobal Assist


McCombs: Strategic Scholarship to Latin America

BBA International Programs is committed to increasing student mobility to Latin America. As part of this endeavor, this scholarship will be awarded to deserving students participating in a BBA or MPA Faculty-Led Program to Buenos Aires. Application is merit-based. 

Eligibility:BBA or MPA students participating in a Summer Faculty-Led Program to Buenos Aires
Number of awards:Varies
Award amount: $1000-$2000
DeadlineMarch 1. Additional information will be provided to accepted participants.

Application: Global Assist


McCombs: Texas Competitive Scholarship Waiver

This scholarship is provided by the state of Texas in order to offset the cost of non-resident UT-tuition for BBA Summer Faculty-Led Programs. UT has committed this scholarship for merit-based non-resident students. 

Eligibility: Open to non-Texas resident students participating in a BBA Summer Faculty-Led Program
Number of awards:Varies
Award amount:$1000 plus an in-state tuition waiver
Deadline: March 1. Additional information will be provided to accepted participants.

Application: Global Assist


DEPOSIT AND FEE PAYMENT

BBA International Programs is committed to helping make study abroad as accessible as possible. Students interested in Faculty-Led Programs who are concerned about paying the non-refundable deposit upon enrollment, but would still like to apply and financially commit, should contact Aleksandra Wingate at aleksandra.wingate@mccombs.utexas.edu. Our office will work with your specific circumstances to find the best solution for each student.

MPA Faculty-Led Scholarships

MPA Faculty-Led Scholarships

In addition to general Summer Faculty-Led Programs scholarships, students participating on an MPA Summer Faculty-Led Program may apply for the scholarships below.

 

McCombs: Study Abroad Scholarship

This is a general scholarship providing financial assistance to deserving students who are enrolled in a BBA Summer Faculty-Led Program. Awards are based on merit and financial need. 

Eligibility: Any student participating in a BBA Summer Faculty-Led Program
Number of awards: Multiple awards available
Award amount: $1000-$2000 
Deadline: March 1. Additional information will be provided to accepted participants.

Application: Global Assist


McCombs: First Generation Scholarship

Awards first generation college students taking on the challenge of study abroad through a BBA Summer Faculty-Led Program. For this scholarship, first generation college students are defined as first in their immediate family to attend college.

Eligibility: BBA Summer Faculty-Led Program participants who are first in their immediate family to attend college. 
Number of awards: Multiple
Award amount: $1000-$2000
Deadline: March 1. Additional information will be provided to accepted participants.

Application: Global Assist 


McCombs: Strategic Scholarship to Latin America

BBA International Programs is committed to increasing student mobility to Latin America. As part of this endeavor, this scholarship will be awarded to deserving students participating in a BBA or MPA Faculty-Led Program to Buenos Aires. Application is merit-based. 

Eligibility: BBA or MPA students participating in a Summer Faculty-Led Program to Buenos Aires
Number of awards: Varies
Award amount: $1000-$2000
Deadline: March 1. Additional information will be provided to accepted participants.

Application: Global Assist 


McCombs: MPA Excellence Fund Strategic Location Scholarship

BKD, Deloitte & Touche, Ernst & Young, KPMG, PricewaterhouseCoopers, Ryan, UHY, Jacobs Family Endowment for Excellence in Accounting, and the McCombs Master in Professional Accounting Program jointly support international experiences for Texas MPA students. The Department of Accounting allocates donated funds from these firms to help MPA students participate in the International Accounting Programs in Prague and Buenos Aires. 

 

Eligibility: MPA students participating in an MPA Summer Faculty-Led Program. Special consideration given to students participating in the MPA Buenos Aires Program.
Number of awards: Multiple
Award amount: $1000-$2000
Deadline: March 1. Additional information will be provided to accepted participants.
Application: Global Assist
 
Note: Please refrain from contacting Deloitte, E & Y, KPMG, or PwC directly for any scholarship-related questions or to submit your application. 



DEPOSIT AND FEE PAYMENT

BBA International Programs is committed to helping make study abroad as accessible as possible. Students interested in Faculty-Led Programs who are concerned about paying the non-refundable deposit upon enrollment, but would still like to apply and financially commit, should contact Aleksandra Wingate at aleksandra.wingate@mccombs.utexas.edu. Our office will work with your specific circumstances to find the best solution for each student.

 

 

Additional Scholarships

Additional Scholarships

The scholarships below are not administered by BBA International Programs, but are excellent options for additional potential funding. Contact the associated provider for more information about these opportunities.

We would like to highlight a few notable scholarships that students have received in the past:

 

General McCombs Scholarships

All BBA students should complete the McCombs Continuing Student Scholarship application. These scholarships can be used in-residence at UT or on BBA study abroad programs.

Eligibility: BBA students
Award amount: $1000-$1500
Deadline: June 1st 
Application: McCombs Scholarship Application website 


International Education Fees Scholarship (IEFS)

Every UT student that studies abroad is eligible to apply for the International Education Fee Scholarship (IEFS), which is funded through UT student fees. The IEFS application is based on both need and merit, with emphasis placed on need.

Eligibility: All UT students
Award amount: $1000-$1500
Deadline: March 1st (fall); October 1st (spring)
Application: Global Assist 


First Abroad Planning Scholarship

This scholarship allows first generation college students to plan ahead before participating in a study abroad program.

Eligibility: First generation college students with less than 60 hours at UT
Award amount: Varies
Deadline: December 1st 
Application: Global Assist 


Gilman Scholarship

The Gilman Scholarship Program provides funding for undergraduate students who are U.S. citizens and federal Pell Grant recipients.

Eligibility: Pell Grant recipients 
Award amount: Varies
Deadline: Varies
Application: Gilman Scholarship website 


Diversity Abroad Scholarships

Diversity Abroad was founded with a vision that the next generation of young people from traditionally marginalized and underrepresented backgrounds be equipped with the skills, experiences and networks to thrive in our 21st century interconnected world and global workforce. 

Eligibility: All UT students
Award amount: Varies
Deadline: Varies
Application: Diversity Abroad website 


Additional Study Abroad Scholarships & Resources

Texas Global maintains a list of many additional scholarships, as well as information for grant recipients. Explore their website for budgeting tools and resources. 

 

Texas Guaranteed Tuition Plan

Texas Guaranteed Tuition Plan

Semester Programs students can use the Texas Guaranteed Tuition Plan for study abroad.

See below for details about Summer Faculty-Led Programs. 

 

BBA Summer Faculty-Led Programs Students

 

Option 1 - Apply your Texas Guaranteed Tuition Plan to the UT faculty-taught course tuition

Students participating in a BBA Summer Faculty-Led program are able to use their Texas Guaranteed Tuition Plan (TGTP) for their UT faculty-taught course tuition, as they would for their regular tuition at UT. This will reduce their TGTP account by three credit hours. Please note, this will only apply to the UT-taught course, and not the affiliated partner school course. 

Students must contact Student Accounts Receivable and inform the staff that they would like to add TGTP for the summer. If a student has sufficient hours in their TGTP account, they will then be applied to their summer tuition. 

 

Option 2 - Apply TGTP to the affiliated course fee and other program-related fees 

BBA students may also use up to three hours of their TGTP funds for additional tuition and fees related to their BBA Summer Faculty-Led Program. In July, the student will be reimbursed by UT via direct deposit or check for 3 hours at the current reimbursement rate

Please notify your Faculty-Led Program Coordinator of your intent to use your Texas Guaranteed Tuition Plan to pay for part of your program, and provide the Program Coordinator with your TGTP account number. This should be done at the earliest opportunity to guarantee transfer of funds.

 

For more information on the Texas Guaranteed Tuition Plan, please visit the TGTP website and Texas Global's TGTP website
  

 

MPA Summer Faculty-Led Programs Students

 

MPA students participating in MPA Summer Faculty-Led Programs do not pay regular UT Tuition and are therefore unable to use TGTP at this time.

 

 

Maymester Faculty-Led Programs Students

 

Maymester programs are considered part of the Spring semester course load - participants may use their TGTP as they normally would for their Spring courses.