The Masters of Accounting program offers an opportunity for students to earn credit for their undergraduate and graduate degrees simultaneously. Due to this, there are some important financial aid requirements to consider.
- Generally, for the first 3 years of the program, students will be degree-seeking as undergraduate students in the 152BA major and must be enrolled at least half-time (6 hours or more) with undergraduate credit to be eligible for federal loans.
- During the 4th year, students will take both undergraduate and graduate credit. Generally, in the fall of the 4th year, students will have 12 undergraduate credits and 3 graduate credits and will still be considered a degree-seeking undergraduate.
- After the fall semester of the 4th year, students are matriculated into the graduate program and must be a fully-admitted, degree-seeking graduate student to qualify for federal aid in the spring of the 4th year. They must also have at least half-time graduate enrollment (5 hours or more).
- For the summer between the 4th and 5th year, most students will not qualify for federal financial aid as they usually take one undergraduate course and one graduate course, causing them to be less than half-time for both classifications.
- In the 5th year, students will be considered graduate students and awarded graduate level financial aid. They must be enrolled at least half-time (5 hours or more) with graduate credit each semester to qualify for federal financial aid.
Disclaimer: The above guidelines are true for most students following the traditional plan of study for the MAcc program. To confirm your eligibility for financial aid based on your specific enrollment, please schedule an appointment with our office.