Financial Aid & Fees

TMMBA Hosts UW Financial Aid Workshop in Kirkland

Monday, July 1st, 2013

Many prospective students have questions about applying for financial aid to assist with the program fee for the TMMBA Program.  This year TMMBA is hosting a UW Financial Aid Workshop at our Eastside Executive Center in Kirkland to help shed light on the process. Join us Wednesday, July 17th, from 5 – 6 p.m., and get answers to the following questions:

  1. Who qualifies?
  2. What types of loans available?
  3. What are the loan fees and interest rates?
  4. How to apply and what is the deadline for application?

 Register today.

Navigating the Microsoft reimbursement process

Monday, December 3rd, 2012
Nhi Huong Huynh, TMMBA Finance Analyst

Many Microsoft employees have questions about the tuition reimbursement process when joining TMMBA. I would like to share with you the process as it was explained to me by one of our current Class 12 students.  You will need to do the pre-approval steps before the quarter starts, and submit all requested information at the end of quarter.  See the following steps for the process:

Submit Pre-Approval Request:

  1. Submit an online pre-approval request within 30 days of the start of your course/program (http://mymicrosoftbenefits>Extras>Tuition Assistance Program>Pre-Approval and Reimbursement).  You will need a breakdown of the quarter’s program cost, which is provided to you by TMMBA each quarter.
  2. After you submit your pre-approval request, ADP (Automatic Data Processing) will send an email message to your manager to verify that you are performing at a satisfactory level in your current job and that your requested coursework is related to your current job.
  3. Your manager will have 10 days to respond to the email message. ADP will notify you after a response is received.

Submit Reimbursement Request:

  1. After your course is completed, submit your grades and any additional course fees to ADP online.
  2. Send the required supporting documentation listed below to ADP via an email message, fax, or regular mail, within 90 days from the course completion date.
    • Reimbursement Request form as cover sheet
    • Grade report (UW has an online student portal called MyUW where you can access grade reports)
    • Itemized receipts for tuition and other eligible fees ( Provided by TMMBA by the end of the quarter)

After you submit all required documents and your request is approved, ADP will mail reimbursements to your home address within 7 – 10 business days.

You got approved for financial aid…now what? 10 things to know about completing your award paperwork.

Wednesday, September 5th, 2012
Nhi Huong Huynh, Finance Analyst

In my last post, I outlined the application process. In this post, I list 10 things you need to know about submitting the eligibility letter and promissory note to the school and receiving aid.

  1. Check for errors in address, Social Security number, and other information about you.
  2. Accept or reject each form of aid listed.
  3. Determine how much you want to borrow.
  4. Make sure your award letter correctly reflects any benefits, scholarships, outside awards, and other resources you will receive or think you may receive.
  5. Understand your obligations as an aid recipient.
  6. Accept your award before the reply date.
  7. Financial aid will auto distribute to your student account.
  8. The remaining balance will be deposited in your bank account or mailed to your home.
  9. Check MyUW for status and follow up with the financial aid office if needed.
  10. TMMBA students attend during summer quarter, so you will need to complete your FAFSA and a Summer Aid Application at least 12 weeks before the start of summer quarter.

Learn more about each of these steps on the UW Office of Financial Aid website.

4 steps for applying financial aid

Wednesday, September 5th, 2012
Nhi Huong Huynh- Finance Analyst

Many TMMBA applicants have questions about the financial aid process, so here are the 4 steps for applying the financial aid.

1. Go to http://www.pin.ed.gov to apply for a Personal Identification Number (PIN) from the U.S. Department of Education if you don’t already have one.

2. After you receive your PIN, go to http://fafsa.gov and follow directions to file the File Free Application for Federal Student Aid (FAFSA) – Please file your FAFSA as soon after January 1, 2012 as possible, noting University of Washington, Code # 003798 on the form. The FAFSA should be received at the federal processor by February 28. View the video 7 Easy Steps to the FAFSA to help you complete the Free Application for Federal Student Aid.

3. If you missed the deadline, you can still apply for FAFSA. Also, you will need to download a Financial Aid Priority Appeal Form and submit it to financial aid office.

4. Summer aid will have to apply separately by May 15 for priority processing. Summer Aid Application.

What happen next after you got approved for financial aid? See my next blog post.

Spreading out the cost of your TMMBA (Tracy Gojdics, Director)

Thursday, April 12th, 2012

The Technology Management MBA Program makes it possible for students to pay the program fee over seven quarters rather than the traditional six.  You decide what payment plan works best and will benefit you the most.   The chart below provides information to help you decide.  Please contact the TMMBA Program Office with questions.

Payment Options

Fee/Quarter

Program Fee Due Dates:

Is Federal Financial Aid Available?

Benefits

7-Quarter Option

$9,600

Autumn Qtr 2013: 10/31

Remaining 6 quarters: 3rd Friday of the quarter.

No – Autumn 2013
Yes – Winter 2014 – Spring 2015 (if eligible)
Allows students to use calendar-year company   reimbursement benefits

Claim 2013 Tax Education Credit

Lower quarterly payments.

6-Quarter Option

$11,200

All 6 quarters: 3rd Friday of the quarter Yes -  Winter 2014 –   Spring 2015 (if eligible) Defer payments until 2014.

We are able to offer the 7-quarter payment option due to the 10-credit Program Immersion December 1-7 in which all students will be registered for and take Negotiations, Ethical Leadership, Teamwork and Professional Communications.

 

 

 

Learn more about MBA education tax credit

Friday, July 9th, 2010

Nhi Huong Huynh, Fiscal Specialist

You might missed attending the tax classes that Student Fiscal Services offered in March and April 2010, but still would like to know about it. Don’t worry, you still can get those information from either the IRS or UW link. And here are the links.

http://f2.washington.edu/fm/sfs/tax/credits

http://www.irs.gov/publications/p970/ch03.html

If you have any questions about this, please contact Li Chang at 206-221-2621 or email at Lichang@u.washington.edu

Eligible for tuition benefit reimbursement from your company?

Friday, June 25th, 2010

Nhi Huong Huynh- Fiscal Specialist

As many of you might know the total program fee of TMMBA program is $65,977.00 including instruction, textbooks, course materials, meals on class days, career services, on-campus parking, hosted social functions and events, student activity fees, registration service and paid in quarterly installments over 6 quarters. Each company will have different benefits for the reimbursement on school fees. For example, Boeing will not cover for meals and any books that cost over $150/course, but Veterans Affairs will pay all. Find out about your benefit from your company and let us know how it will work with our program. If questions about program fee breakdown cost, please contact me at nhihuynh@uw.edu.

2010-2011 Financial Aid

Wednesday, May 26th, 2010

Nhi Huong Huynh, Fiscal Specialist

Class 11 will start this coming January 2011. If anyone who plan to use the Financial Aid, you now can file the Financial Aid as soon as possible. File a 2010-11 Free Application for Federal Student Aid (FAFSA) for Fall Quarter 2010, Winter Quarter 2011 and Spring Quarter 2011 by going to www.fafsa.ed.gov. You can check out the link below for more information.
UW Graduate Student Financial Aid Website: http://www.washington.edu/student/osfa/graduate/

If you have questions, please contact the Office of Student Financial Aid (OSFA)
• Call 206/543-6101
• Recommended: E-mail osfa@u.washington.edu

Student Tax Classes (1098T tax form) for both US residents and international students

Tuesday, March 9th, 2010

Nhi Huong Huynh, Fiscal Specialist
Hello,
I received this message from the school and would like to share with you all.
—————————————————————————–
Student Fiscal Services will be offering two different types of tax classes
to students over the next couple of months. We offer separate tax workshops
for U.S. Residents and for International students because of different IRS
requirements for each group.

Tax 101 workshops for U.S. Resident Students:
You’ve received your 1098T tax form! You may have heard that President Obama
included a new education tax credit in the American Recovery and
Reinvestment Act. What’s the connection? Student Fiscal Services is
presenting this workshop to help students understand the information on the
1098T tax form and how it relates to educational tax credits plus tax issues
regarding scholarships, fellowships, stipends and grants. This class is
offered free of charge.

Class dates/times and locations:

March 8, 2010
HUB 309
11:30am – 12:30pm
1:00pm – 2:00pm

April 6, 2010
South Campus Center room 248/250
12:30p – 1:30pm
2pm – 3pm

April 7, 2010
HUB 209A
12noon – 1pm
1:30pm – 2:30pm

Tax 101 for International Students (cosponsored by the International Student
Services Office):

Student Fiscal Services offers workshops to help Non US Resident and
International students understand the tuition account or scholarship issues
in relation to taxes. The discussion will include: Tax treaties, the Cinetax
program, Canadian tax forms. This class is offered free of charge.

Class times/dates and locations:

March 11, 2010
HUB 209A
1:30pm – 2:30pm
3pm – 4pm

April 5, 2010
HUB 309
12pm – 1pm
1:30pm – 2:30pm

Kyra Worrell
SFS Outreach Advisor, Lead
University of Washington

http://f2.washington.edu/fm/sfs/

Q & A of education-related tax deductions

Friday, February 19th, 2010

Nhi-Huong Huynh, Fiscal Specialist

Check out the education tax deductions article on The New York Times. Below is the link to the article.

http://bucks.blogs.nytimes.com/2010/01/26/more-on-mba-tuition-deductions/