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Joint Degree, MACC, MS Finance, or 3/2 Program
Financial Aid for Joint Degree Students
Students enrolled in joint degree programs which include the Olin School will apply for financial aid through the Olin School for 3 semesters. Joint degree programs require that students spend three semesters of full-time study at the Olin School. Therefore, joint degree candidates are only eligible for three semesters of their scholarship award from the Olin School.
It is the responsibility of the student to notify the Olin Financial Aid Office of enrollment plans. If, for example, a student plans to pursue the MBA/JD option, financial aid documents would be filed with the aid office of the school in which the student will be considered prime.
Financial Aid for MACC & 3-2 Program Candidates
Information below explains in detail the financial aid policies and procedures for students who enter the BS/MBA, BA/MBA or BSBA/MBA program. If you have unanswered questions after reading the information here, please contact the Director of Graduate Business Financial Aid.
How to Apply For Financial Aid
First year MACC & 3/2 students (students who are in their fourth year of study at Washington University) apply for financial aid by submitting the required forms to the undergraduate financial aid office. For financial aid purposes, first year students are considered undergraduates. Financial aid awards will be made according to the policies and procedures of the undergraduate office. Questions regarding financial aid in the first/fourth year are directed to that office.
Second year students (students who are in their fifth year of study at Washington) apply for financial aid through the Olin financial aid office. For financial aid purposes, second/fifth year students are considered graduate students.
Level of Financial Support from the Olin Business School
Financial aid awards for MACC & 3/2 students in the fifth year consist of loans. Any scholarships or grants awarded to students as undergraduates, except Guller, will not be part of their financial aid award in their 5th year.
In most cases, ROTC scholarship recipients receive the final year of their scholarship in the fifth year of study. In this instance, students should submit applications for other forms of aid to the undergraduate financial aid office in the fourth year.
Loan Limits
Loan limits for graduate students are higher than those for undergraduates. The typical award includes $8,500 in Subsidized Stafford Loan and $12,000 in Unsubsidized Stafford Loan. The Subsidized Stafford is need based and the amount of the award will be based upon demonstrated financial need. The specifics of this program are outlined in the section on Loan Types.
While these general guidelines may be helpful, it is important to note that every situation is different. Admitted 3/2 students are encouraged to contact the Director of Graduate Business Financial Aid before making the decision to enroll in the MBA program. The director will be able to answer any questions you may have about your gift aid in year five.
Effects of Choosing the MACC or 3/2 Option
A clear advantage of choosing the MACC or 3/2 option is that the time for completion of the MBA is reduced by a full year. This represents, not only a reduction in time spent, but also eliminates a full year of tuition and living costs that would be incurred if the MBA were pursued in the more conventional way.
While choosing an MACC or 3/2 program removes students from the competition for merit based awards as graduate students, the savings in time and an additional year of education costs make this an attractive option.
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