Financial Aid

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FAQs: Cost of Attendance (COA)

Q: What does Cost of Attendance mean?

Cost of Attendance (COA) is the average cost for one academic year. Each year the Haas Financial Aid Office provides an estimate of tuition and fees, books and supplies, room and board, transportation, and personal expenses as the basis for determining financial aid eligibility during the 9-month academic year.

Q: Can I get financial aid for living expenses?

Yes, the COA includes allowances for housing, food, transportation and personal expenses in addition to allowances for tuition and fees, health insurance, books, and living expenses.

Q: Does the COA include expenses for dependents?

The COA includes allowances for student expenses only. However, if you find that the estimates do not adequately reflect your living expenses, you may submit a COA Adjustment Request form to increase your budget. Costs related to dependents that may be considered for a COA Adjustment include the cost of childcare expenses.


FAQs: Scholarships for Prospective/Admitted Students

Q: When are the scholarship decisions released? How will I be notified?

Review Dates and Decision Dates are noted on our Entering Students scholarship page. Please note that you will only be able to apply for Haas Scholarships once admitted into the program. Decision dates are scheduled so that you will know the results of most scholarships prior to the program deposit deadline. Students are informed via email by close of business on the decision date noted for each round.

Q: I am an international student. Are there any scholarships offered by Berkeley-Haas that are provided to admitted international students?

Yes, most of our scholarships for entering students are open to both international and domestic students. We also have one award that is specific to international students only (Tahir Fellowship).


Q: What percentage of the class gets awarded scholarships? Can you outline the criteria that the school considers while evaluating candidates for scholarships?

Though this changes from year to year, historically approximately 50% of students entering the Full-Time MBA receive a scholarship. The criteria for each award varies. For example, some awards look at a student's commitment to social impact, others entrepreneurial spirit or one's proven ability to promote diversity.


Q: How is it determined if a candidate will be given more or less scholarship than another? Further, are there ways Haas assists incoming students seeking outside scholarships?

Berkeley-Haas uses a separate online scholarship application which students complete once they are admitted into the Full-Time MBA Program. When completing the application, you will select the scholarships for which you feel you are a good fit. Upon submission, your application will be reviewed by the various scholarship committees. Awards are given to students who best meet a scholarship's criteria, many of which include a short essay. We provide a list of Outside Scholarships for opportunities outside of Haas.


Q: Would the chances of scholarships be affected if we pass on the immediate deadline and apply later? Is there a difference for any period?

We strongly encourage prospective students, for whom scholarships are a major decision factor, to apply for admission sooner rather than later. Funding for some scholarships is limited and will be fully awarded early in the financial aid cycle. While some opportunities may be closed after round 1, historically, round 2 has had a similar number of opportunities available. Fewer opportunities have been available for round 3.


Q: Can I resubmit my application for future review dates?

While you cannot resubmit your application, you may apply for available scholarships you had not previously applied for in future dates. Please note that should additional funding later becomes available, we may revisit your application. If your application is revisited, we will notify you via email.


FAQs: Loan Options

Q: When should I complete the FAFSA?

Students can complete the FAFSA as early as October, but should do so no later than the following July prior to the start of classes. Doing so will ensure that funds are received by the University and applied towards fees by the fall due dates.

Q: What is the main difference between a Private and a Federal Loan?

  • Interest Rates - The interest rates for private loans are determined by the borrower's credit score, where the federal loan interest rates are set by Congress.
  • Fees - Private loans tend to have zero fees, while the federal loans have origination fees of approximately 1 and 4%.
  • Repayment Plans - The federal loans offer a variety of repayment plans, where private loans offer only a standard repayment plan.


Q: Does Haas have financing options for international students?

Yes, Haas has secured multiple loan options for international students that do not require a co-signer. These loans are referred to as "risk-share" loans. The current borrowing capacity for the risk-share loan options is $62,000 per academic year. The lending market has other non-Haas affiliated options that may have better rates and terms. Students are encouraged to shop for lenders that best suit their needs before making a decision.

Q: What does it mean that "students may not combine risk-share lending with other lending?

Risk-share loans are intended for those unable to secure a financing option without the use of a co-signer or through international lenders such as Prodigy Finance. These lenders will have varying qualifications (e.g., credit check), loan terms and loan maximums and as such funding may be limited. If you are approved for a loan with one of these lenders you may not borrow a risk-share loan as the risk-share loans are intended for those unable to secure other financing options that meet their needs.


Q: When are funds disbursed?

Both federal and private loan funds will disburse directly to the University approximately 10 days prior to the start of the term. Please note that half of the loan funds will disburse in fall and half in the spring.

FAQs: Other Funding

Q: What percentage of fees will the Post 9/11 GI Bill cover and the Yellow Ribbon?

The Haas School of Business, as part of the public University of California system, is one of the few top ranked MBA programs in the country that is able to benefit from the expanded Post 9/11 Benefits signed into law in January 2011. Depending on the length of the qualifying service, veterans can obtain:

  • Funding for up to 100% fees (everything except the Nonresident Tuition)
  • A monthly housing allowance (determined by the VA office)
  • An annual book stipend up to $1,000

Q: Who do I contact for VA benefits processing?

You must first contact your local VA Office to obtain a copy of your Certificate of Eligibility (COA). We recommend students contact our office once they have accepted admission to begin the process.


Q: Can a first-year student obtain a Graduate Student Instructorship (GSI)?

Numerous Graduate Student Instructorships (GSI's) are available to second-year students, however, you can apply for a GSI position in the spring of your fist year if you have significant training in a specialized area.


Q: Does the GSI Fee Remission get refunded to me?

For the 2016-2017 academic year, the fee remission for a 25% appointment is $8,220 which covers the University Registration Fee, Educational Fee, and the Health Insurance Fee. If you have paid these fees in full using your own resources or loans, the $8,220 will be refunded to you. However, fee remissions will not be paid to students as a refund if fees are being covered by outside sources.

Q: Who completes my employer sponsorship?

If your fees are paid by a government agency, foundation, employer, or other outside organization, it is your responsibility to ensure that payment of fees is properly credited. Please have the third party email the Billing Office at tpcsupport@berkeley.edu with an authorization letter on company letterhead.


FAQs: Loan Repayment Assistance Program (LRAP)

Q: When can I begin to participate in the program?

Alumni are eligible to participate at any point within 15 years of graduation. Our application cycle is semi annual with applications due January 15th and July 15th. Most May graduates submit an application July 15th of the following year, maximizing their six-month grace period.

Q: Can I participate if working abroad?

Alumni who are employed by a foreign organization, or an international nonprofit organization can apply for participation in the Haas LRAP, however, eligibility is determined on a case by case basis.