Affording the M.S. in Accounting Program

One of the biggest considerations when deciding to go to graduate school is how to afford it. As a public university, UVA is significantly more affordable than private schools of the same caliber, providing excellent value. Additionally, UVA provides many resources for students to support their education. The main ways to fund the master’s in accounting program—discussed in detail below—are through financial aid, graduate positions at UVA, and part-time work.

Departmental Scholarship
During the application process, you can apply directly for scholarship funding in your application. The awards range up to $20,000 and are directly applied to your tuition. Both merit and need are considered and dependent on your individual situation. If you did not submit a scholarship application but wish to be considered, please email msaccounting@virginia.edu.

Financial Aid
Federal aid for graduate students consists of federal work study and loans only and is awarded in April once a FAFSA is submitted/verified; there is no federal scholarship aid available. Graduate students are considered independent for financial aid purposes and do not submit parent financial information. Anyone who has additional federal aid questions can email Debbie Davis, Assistant Director of Graduate Financial Aid, directly at dlb8n@virginia.edu.

Work Study
If you submit the FAFSA, you may be eligible for work study. These jobs, restricted to a maximum of 15 hours a week, are provided by McIntire to support students with financial need. There are openings in many departments and with professors as well as positions across Grounds. Eligible students can apply for these positions directly through Handshake (UVA’s career portal) as early as July.

Graduate Positions at UVA
A number of students work as Graduate or Teaching Assistants. Generally, GAs take positions throughout McIntire, supporting recruitment efforts, student services, etc. You can even follow work as a Social Media Intern like me and manage the program blog and social media accounts. GA positions at McIntire are posted in July and typically pay $13/hour. TAs work with faculty and often grade papers, organize class materials, or help with research. The responsibilities vary by professor; interested students can reach out to each professor for further details once positions are posted in July.

Part-time Work
Of course, students can look for work outside of UVA. Full-time work is not recommended because classes and group work can be time consuming, but part-time jobs are manageable. There are many opportunities for work in Charlottesville and the surrounding areas.

Other Tuition-Reducers
If you establish residency in the state of Virginia, you likely qualify for reduced rate in-state tuition. Aside from the scholarships offered through McIntire and UVA, students can apply to outside scholarships detailed on McIntire’s website.

The University of Virginia offers a monthly payment plan (QuikPay) to help distribute the costs of education over 5 monthly payments. You may set up a payment plan, by semester, to pay for tuition, fees, housing and dining (if applicable).

-Sarah Kusher, Class of 2018

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