Frequently Asked Questions (FAQ's)
Financing and Financial Aid
What are the estimated tuition/fees for the school year?
How do I contact the Financial Aid office?
How do I apply for scholarships and how are they awarded?
How much are the scholarships worth?
How do I apply for graduate assistantships and how are they awarded?
What is the Cox Distinguished MBA Scholars program and how do I apply?
What loan programs are available to students (US Citizens/Permanent Residents and International applicants)?
I plan to apply for loans; when do I apply and when will I know if I have been approved?
When do international students need to submit a Financial Certification Form (FCF) and what information is required?
What are the estimated tuition/fees for the school year?
The estimated tuition and fees for the school year is $40,692. The entire Estimated Student Budget, which includes additional program costs as well as personal expenses, can be found in the Financing the MBA section of the website.
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How do I contact the Financial Aid office?
The Financial Aid Advisor for the Cox School of Business is Barbara Waters. She can be reached at 214-768-2371 or bwaters@smu.edu.
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How do I apply for scholarships and how are they awarded?
All candidates who mark the appropriate box on the application are considered for merit scholarships. Nearly 80% of Cox MBA students receive a scholarship award at an average value of approximately $17,000 per year. The merit scholarships are very competitive and based on factors such as work experience, GMAT, undergrad GPA and the admissions interview. Awards are made at the time of admission only and apply to the entire two-year period of the MBA program.
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How much are the scholarships worth?
Scholarship amounts will vary from $4,000 for a two-year period to 100% of the tuition.
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How do I apply for graduate assistantships and how are they awarded?
Graduate assistantships are available on a limited basis. Applicants must have a superior academic record based on undergraduate and graduate coursework and GMAT scores to participate. Awards are made in late spring or early summer; any student who requested review for merit-based scholarships is considered.
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What is the Cox Distinguished MBA Scholars program and how do I apply?
The Cox Distinguished MBA Scholars program awards up to 10 full-tuition scholarships per year to the most outstanding students admitted to the Cox full-time MBA program. This program is designed to enhance your business school experience through unique travel opportunities to New York City and Washington, DC.
Scholars are selected in the spring prior to their initial enrollment in the Cox full-time MBA program. Candidates should submit their application for admission into the MBA program prior to applying for this program. To be eligible, candidates must submit a cover letter, resume and essay response to a specific topic. Please visit the Scholarships section of our website for more information and for application instructions.
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What loan programs are available to students (US Citizens/Permanent Residents and International applicants)?
U.S. citizens and permanent residents may apply for financial assistance in the form of loans and grants. Federal loans are available by completing the FAFSA, found at www.fafsa.ed.gov.
Information on private loans can be found in the Financing the MBA section of this website. Currently, international students must have a U.S. citizen as co-signer on all loans.
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I plan to apply for loans; when do I apply and when will I know if I have been approved?
As a general rule, the sooner you can apply for loans and know your status, the better. The FAFSA can be completed any time after you have completed your Federal income tax forms for the previous calendar year, as information in those forms is needed for the FAFSA application. All communication regarding loan approval status is communicated via e-mail. For further information, review the Budget & Financial Aid section of this website.
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When do international students need to submit a Financial Certification Form (FCF) and what information is required?
International students should submit the completed FCF and all supporting documents when they are able to provide proof of financing for the first year of the program; this amount is found on the current year’s FCF which is sent with the admittance letter. Students should wait until after they are admitted to submit this information, as any student receiving a scholarship can use 50% of the total award (which is the amount applied to the first year of the MBA program) toward meeting their financial certification. If a student has proof of the required funding prior to notification of a scholarship award, the information can be submitted with the application for admission. Along with the FCF, students must provide original copies of documents from banks or other financial institutions which document proof of funds.
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