Undertaking your MPAc represents a significant investment in your future, and a variety of financial aid programs are available to assist you. UC Davis MPAc graduates are expected to earn a considerable return on their financial investment with the demand for CPAs on the rise.
Fee Payment Schedule
Your course fees are set at the time of your enrollment and remain fixed for your year of study. Estimated fees for 2014 – 2015 are $41,580* for the degree which includes course fees and textpaks.
*subject to change
Fees are due each quarter prior to registration. Students take four classes per academic quarter, all of which are 4-units. Fees do not cover access to the UC Davis Student Health Center or athletic facilities.
The University disburses all loans under the Federal Direct Loan Programs in three installments, one per quarter. Disbursements are activated after you have paid your fees and enrolled in courses.
Direct loans are made by the U.S. government and are administered by the U.S. Department of Education. Using the income and asset information provided on the FAFSA, the UC Davis Financial Aid Office will determine your eligibility and notify you of the types and amounts of Direct Loan for which you qualify. Interest rates and origination loans are set by the federal government.
If you are a FAFSA filer, you must be sure to notify the UC Davis Graduate Financial Aid office if you are receiving any other forms of aid, e.g. a teaching assistant assignment, stipend, grant or other award. Not reporting all sources of aid may result in a situation where you will be billed back for “over-awards.” Graduate Financial Aid is very willing to work with students so that you have the most positive graduate experience possible. For more information, contact the Graduate Financial Aid office at (530) 752-6769.
Alternative Financing Options
Private Sector Educational Loan Programs provide both fixed-amount loan programs and revolving lines of credit. Unlike federal loans, these program are based on creditworthiness. Interest rates are usually higher and interest begins to accrue immediately, although you have the option of deferring payment while you are in school.
Terms and conditions for these programs are not controlled by the federal government and are subject to change. Again, for more information, please contact the Graduate Financial Aid office.
UC Davis MPAc students have access to a variety of external programs to help with their expenses, including scholarships and grants. There are a number of private organizations that offer scholarships to candidates pursuing degrees in accounting, including CalCPA and the American Institute of Certified Public Accountants.
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