MBA Finances
Budget Appeals
Students often rely on the University's expense estimates when budgeting for their schooling. There is general consensus among Haas students, however, that these estimates do not reflect a typical Haas student's actual living expenses.
If you find that the financial aid budget ($20,012 for the 9-month academic year) does not adequately reflect your living expenses, you may submit a budget appeal to increase your budget for additional loan eligibility. The chart below lists various items that can be appealed as well as the amount already included in the student budget and the maximum amount that can be added to your budget through the appeal process.
Amount Included |
Maximum Add-on |
|
| Rent/mortgage plus utilities | $10,038 |
$4,830 |
| Transportation | $2,570 |
$3,240 |
| Books and Supplies | $2,500 |
Actual Cost |
Computer Puchase |
$0 |
$3,000 |
| Relocating/move-in expenses (entering students only) | $0 |
$2,000 |
| Medical Insurance | $1,610 |
Actual Cost |
| Renter's/Homeowner's Insurance | $0 |
Actual Cost |
| Child care for dependents (under the age of 14) | $0 |
$1,000/month per child |
The Budget Appeal form for the 2008-09 academic year is now available, and can be completed any time during the year, until April 30th (2009).
The Budget Appeal Process:
- Download the Budget Appeal Form
- Complete the form in black ink only
- Refer to page 4 of the Budget appeal form for required documentation of appealed items
- Photocopy all supporting documentation on 8 1/2 x 11 paper (do not use a highlighter to indicate amounts on receipts--just circle the pertinent items)
- Return the form and photocopies to the Haas Office of Financial Aid
- You'll be notified via email of the results of your appeal (approximately 5 days turnaround time)
Non-Allowable Budget Adjustments Federal Law specifically states that we cannot include consumber debts (i.e., credit cards, car loans, car insurance) in the student budget. We are also unable to decrease the student contribution from the FAFSA due to any outstanding consumer debt you might have. We therefore strongly suggest you do your best to repay any existing consumer debt prior to coming to Haas. In addition to consumer debt, expenses for student conferences, study tours/trips, club fees or other extra-curricular activities cannot be added to your budget. Although some of these activities are sanctioned by the Administration, these expenses are not considered for financial aid purposes as they are not a required part of the curriculum
