Competitively priced, the Accelerated Master’s Program in Systems Engineering offers exceptional value for your investment of time, money, and effort.
Tuition for the Accelerated Master’s Program in Systems Engineering includes instruction, books, software, fees, and meals and lodging while the cohort is on Grounds for classes. The student is responsible for his or her transportation to and from Charlottesville and is required to bring a capable laptop computer to class. The UVa Board of Visitors sets AMP tuition in February of each year for the next program year. Tuition for 2017 – 2018 is $39,000 for both in-state and out-of-state students. All fees are required.
AMP tuition is billed over two calendar years. A $1,000 tuition prepayment is required upon your acceptance of our offer of admission to secure your place in the cohort. This prepayment applies toward your first tuition bill. Tuition is billed in advance in three unequal installments by semester. Course registration, billing, certification for G.I. Bill benefits, and education loan disbursements are done on the University’s traditional academic schedule by semesters. The program of study includes 33 credit hours: 10 three-credit-hour courses plus a three-credit, year-long seminar series. For 2017 – 18, comprehensive tuition for each course is $3,900. Students or their sponsoring organizations are billed for 3 courses for the summer semester, 3 courses for the fall semester, and 4 courses for the spring semester. Three credits for the seminar series are awarded in the spring. The seminars are included in the overall costs; they are not billed separately. Payments are due upon acceptance, prior to enrollment in May, in August, and in early February of the next calendar year.
Many employers subsidize their employees’ educational expenses. Veterans may use their GI Bill education benefits and are encouraged to apply. Information about the VA and UVa GI Bill application processes can be found on the AMP web site’s pages for veterans. Some professional and private organizations offer scholarships for graduate study. The US Department of Labor maintains a web site where you can browse for scholarships. UVa financial aid for AMP students is in the form of education loans.
The entire cost of the Accelerated Master’s Program can be covered by education loans. Graduate students may borrow up to $20,500 in Federal Direct Loans per calendar year. Students may augment their Federal Direct Loans with Direct Graduate PLUS loans. Loan funds over the amount of tuition will be offered and can be used to pay for travel, lodging if you need to arrive on Thursday, some living expenses, review books, and other education-related expenses. Additional loan funds are available for purchase of computers. All admitted AMP students qualify for aid. Repayment begins six months after graduation and can be spread out over ten years.
There are six steps in the process for obtaining education loan funds at UVa:
- Secure a US Department of Education Personal Identification Number (PIN) at www.pin.ed.gov
- Complete the Free Application for Federal Student Aid (FAFSA) at www.fafsa.ed.gov after October 1.
- Submit the UVa graduate financial aid application form online after accepting your offer of admission.
- Accept, reduce, or decline loans when the awards are posted.
- Sign promissory notes for each loan for each calendar year.
- Complete the required online financial aid education session.
You can learn more about federal student loans and link to the PIN and FAFSA applications at StudentLoans.gov. You can download the One-Time Computer Expense Form needed to apply for additional funds for purchasing a computer from UVa Student Financial Services financial aid web pages. For questions about loans and assistance with the loan application process, please contact Ms. Debbie Davis in UVa Student Financial Services at firstname.lastname@example.org or 434-924-6236.
The 1997 Tax Payer Relief Act offers significant savings to students paying their tuition and fees. These savings are available to those who meet the criteria through the Lifetime Learning Credit and a possible deduction for interest paid on student loans. For eligible taxpayers, the Lifetime Learning Credit is 20% of the first $10,000 paid to the institution for tuition and fees and books (up to $2,000 per year). Meals, lodging, and transportation are not qualified expenses for the Lifetime Learning Credit. Currently the Lifetime Learning Credit is available to tax filers whose modified adjusted gross income is $61,000 or less for single filers, or $122,000 or less for married couples filing jointly. Income limits may change. Additional information about the Lifetime Learning Credit is available on the IRS web site in Publication 970. You can download the form required for the Lifetime Learning Credit, Form 8863 Education Credits (American Opportunity and Lifetime Learning Credits), from the IRS web site. You may also be able to deduct up to $2,500 from your taxable income per year for interest paid on student loans. See the description of the education loan interest deduction on the IRS web site.
This information is provided as a courtesy to current and prospective students. Please rely on information from the IRS and consult your tax professional.