Background/Experience
Course Requirements
Admission Policies
Application Process, Deadline, and Fees
GMAT & TOEFL
The Academic Year
Admission Interviews
Campus Visits
Estimated Student Budget
Financial Aid & Scholarships
Computers, Housing, and Transportation
Prospective students have a lot of questions about the MBA admissions process. This guide to frequently asked questions should be your first stop for information, but don’t hesitate to contact our office if we can answer any other questions for you.
BACKGROUND/EXPERIENCE
Q: Does a particular academic or professional background give me any advantage in the admissions process?
No. We seek students from a wide variety of backgrounds. Diversity in all forms—academic, professional, cultural, ethnic, gender, geographic, socioeconomic, etc.—is an important component of the Vanderbilt MBA experience.
Q: What kind of work experience does the Admissions Committee consider?
All kinds, but only full-time post-baccalaureate work experience is counted in the official statistics we report. When we evaluate your application, we consider all full-time work, military experience, part-time work, internships, co-op assignments, summer jobs, and volunteer work.
Q: Will my application be considered if I have fewer than two years of full-time work experience?
Yes. The Admissions Committee reviews every application received, regardless of the amount of experience, and considers candidates for admission with little or no experience as long as other areas of the application are exceptionally strong. However, applicants with more experience are generally more competitive. The average experience for applicants offered admission in recent years is five years; the middle 80% range was between two and seven years, and 96% had at least one year of full-time post-baccalaureate work experience.
Q: What is the profile of current Vanderbilt MBA students?
Students admitted in the Class of 2011 average a 3.30 GPA, 653 GMAT, and five years of work experience. The Class of 2011 includes 25% are who are married or engaged, 27% are female, 20% are U.S. minorities, and 25% are international. Please review the class profile for more specific information.
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Course Requirements
Q: Does the Vanderbilt MBA program require calculus, statistics, or other quantitative courses as prerequisites?
No, there are no specific prerequisites. However, the Admissions Committee looks for a variety of abilities in all applicants, including critical thinking and analytical skills, communication abilities, and interpersonal and leadership skills. Most students who have successfully completed introductory courses in college-level calculus and statistics find that they are adequately prepared to meet the quantitative demands of the program. Before classes start, Vanderbilt offers an optional Online Math Review (for incoming MBA students who want additional preparation). Some students with little or no business background might also find helpful an overview of basic finance, accounting, and/or economic principles. You can find a detailed explanation of our admission criteria under Selection Criteria on the Admissions section of our web site.
Q: Can I waive any core courses?
Exemptions are available for students with superior competency in accounting, economics, finance, and statistics; however, 62 credit hours still are required to complete the Vanderbilt MBA degree. Exemptions are awarded by the Assistant Dean of Academic Programs based on previous academic courses.
Q: Do you offer one-year, part-time, or executive MBA programs?
We offer a two-year full-time, day time MBA program and a two-year full-time Executive MBA program, which meets every other Saturday. We also offer several one-year programs: Masters of Science in Finance (MSF), Master of Accountancy (Macc), and Master of Management in Health Care (MMHC). At this time, we do not have a one-year full-time MBA program or any part-time or evening MBA programs.
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Admission Policies
Q: If I already completed an MBA or similar degree from another school, in or out of the U.S., am I still eligible for admission?
No, Vanderbilt does not admit applicants seeking a second MBA degree or a similar graduate management degree, regardless of where the first was obtained. Exempt from this policy are graduate management degrees that were earned at a college or university outside the U.S. in order to satisfy the four-year U.S. bachelor’s degree requirement. Also exempt are master’s degrees that focus on a specific functional area of business (such as accounting, finance, or management information systems) and do not offer a broad general management curriculum typical of the MBA degree.
Q: Does the Vanderbilt MBA program accept transfer students or transfer credits?
Rarely. Most top business schools do not accept transfer students or transfer credits. If we do admit an individual who is already enrolled in another full-time MBA program, we usually do not accept transfer credits. The student will be expected to complete all 62 credits required for the Vanderbilt MBA degree.
Q: My spouse/partner and I both are applying and plan to enroll together. Will you evaluate our applications together or separately?
The Admissions Committee considers each candidate individually. Admission is always based on individual credentials.
Q: Is it possible for me to waive conditions of admission?
No. International candidates who have been required to participate in the U.S. Business Communication and Culture Program are expected to complete this requirement before Orientation begins. Those who do not satisfy the conditions of their admission will not be permitted to enroll.
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Application Process, Deadlines, and Fees
Q: What is the address I should send a copy of my transcripts and other paper correspondence to?
Our address is:
Owen Graduate School of Management
ATTN: MBA Admissions
401 21st Avenue South
Nashville, TN 37203-2422
Q: What if I don’t respond to my offer in time or I don’t satisfy the conditions of my admission?
The Admissions Committee reserves the right to rescind any offers of admission or financial aid from candidates who have not responded by the specified deadline date and from candidates who have not completed the courses or pre-MBA programs required as a condition of their admission.
Q: If I am admitted this year, may I defer my enrollment until next year?
Generally, no—we do not offer deferred enrollment. In exceptional situations beyond the candidate’s control, the Admissions Committee may offer a deferral. Otherwise, candidates must decline an offer of admission and reactivate the application for admission and financial aid consideration the following year.
Q: I have previously submitted an application—must I resubmit all items this year?
The MBA Admissions Office retains applications for two years only, after which all materials are destroyed. If you are reapplying within 2 years of your original application, please submit the following: 1) a new application with updated contact information, 2) an additional statement describing your personal and professional activities since the original date of application and explaining why you are now a stronger candidate for admission, 3) an updated résumé with current contact information, 4) $125 re-application fee, and 5) any other materials that you think might strengthen your application, such as recent transcripts, improved test scores, revised essays, new recommendations, etc. You may also be contacted to conduct another evaluative interview. If you wish, we will match your previously submitted transcripts, test scores, recommendations and essays to your new application.
International applicants must also update preliminary financial information.
Q: Is there a special application for international students?
No, but the U.S. government does require international students to show proof of sufficient financial resources to support themselves for the two-year period of their studies. Therefore, international students are required to complete the Preliminary Financial Declaration portion of the online application prior to submitting. Also, note that transcripts and diplomas not issued in English must be accompanied by notarized translations.
Q: When are admission decisions made?
In general, we will notify you of the admission decision within six to eight weeks of the application deadline for the round in which you applied and no later than the posted decision deadline. Decisions are made on a rolling basis with our decision deadlines published on the application page of the website and in our brochures.
Q: Is there any advantage to applying in an earlier application round?
Yes and no. We seek outstanding candidates regardless of the application round and operate on a rolling admission basis throughout the year after the first decision deadline. However, space and scholarships are limited, so it is wise to apply as early as possible. Applying earlier means that you will receive an admission decision earlier, leaving you more time to plan your transition to the Vanderbilt MBA program.
Q: How do I choose my recommenders?
The Admissions Committee is interested in recommendations from people who can assess your ability to succeed, not only in an academic environment but also in your career and in positions of leadership or management. The Admissions Committee wants to know about your communication and analytical skills and how you work with others. People who often serve as strong references include your current supervisor, a former supervisor, or those with whom you have worked for a reasonable amount of time. Academic recommendations provide the Admissions Committee with information on your ability to succeed in an academic environment, but professional recommendations tell us more about your ability to contribute in a business context. Recommendations from friends, work peers or subordinates, family members, or family friends are not appropriate and may detract from the overall strength of your application.
Q: How much is the application fee?
The fee is $125 for each new application or reapplication.
Q: How may I pay the application fee?
You will be asked to pay the application fee by credit card when submitting your on-line application. If you are unable to pay by credit card, you will need to send a personal check, money order or bank draft in U.S. dollars made payable to Vanderbilt University. No application will be processed until the application fee is paid.
Q: Will you waive the application fee? What if I am financially disadvantaged? What if I was admitted last year but chose not to enroll?
Vanderbilt waives the application fee only in exceptional circumstances. Please provide the MBA Admissions Office with a written explanation of your request for a fee waiver by emailing admissions@owen.vanderbilt.edu. Candidates who demonstrate substantial financial hardship may be granted a fee waiver. Applicants who reapply are required to pay another $125 fee to cover the costs of application processing and communication.
Q: How can I check the status of my application?
We will send e-mail reminders about any missing items needed to complete your file. Please allow sufficient time for the delivery and processing of all materials before contacting our office. You may use your pin and password to access your online admissions account, which will allow you to check the status of your application by clicking "Check Your Application". If you are unable to access your account please access technical support by clicking "Tech Support". If you require a personal response from one of our assistants, please e-mail appstatus@owen.vanderbilt.edu, but do this only if necessary. We will do our best to communicate with you promptly and accurately. We appreciate your patience and understanding, especially during the busiest time of the admissions process from January through June.
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GMAT & TOEFL or IELTS
Q: Does the Vanderbilt MBA program require the GMAT?
Yes. There are no exceptions. The GRE, LSAT, MCAT, and other entrance exams for graduate or professional school are not accepted.
Q: Can I take the GMAT, IELTS or TOEFL more than once?
Yes. If you submit different test results, we will consider and report your best overall performance based on the total score. If your scores are below average, we strongly recommend that you retake the test, prior to submitting your application, to increase your chances of admission.
Q: If my GMAT or GPA is significantly below the average for Vanderbilt MBAs, should I still apply?
Although the GMAT and GPA are important indicators of your academic ability, they are not the only factors we consider. Your overall academic record, the quality of your undergraduate institution, the difficulty of your course of studies, and the consistency of your performance are also good indicators of your potential for success in the first year of a rigorous MBA program. Candidates who are weak in one area of the application (low GMAT, weak academic record, or limited experience) may balance that with strengths in other areas (above-average GPA, outstanding test scores, or exceptional work experience).
Q: I submitted my application before I took the GMAT. I scored lower than I thought I would and plan to retake the GMAT. Will the Admissions Committee hold my application until my new scores are available?
We recommend that you take the GMAT before submitting your application so that you are satisfied with your scores and can record your scores on the forms. No admissions decision will be made until all components of the application have been submitted.
Applicants are allowed to retake the GMAT in an attempt to improve their score. If you submit different test results, we will consider and report your best overall performance based on the total score. If your scores are below average, we strongly recommend that you retake the test, prior to submitting your application, to increase your chances of admission.
Q: How should I report my grades from college or university if they are not on a four-point scale?
If possible, please convert your academic performance to a four-point scale (A=4.0/Excellent, A-=3.7, B+=3.3, B=3.0/Good, B-=2.7, C+=2.3, C=2.0/Fair, C-=1.7, D+=1.3, D=1.0/Poor, D-=0.7, and F=0.0/Fail).
If not, leave the GPA field blank on the application form and describe in an additional statement your grading scale and overall academic performance relative to other graduates (class rank, academic honors, etc.). We are familiar with the educational systems and grading scales of many other countries and will evaluate your academic record accordingly.
Q: Is there a way for international students to waive the TOEFL or IELTS?
You may contact our office to request a TOEFL waiver if you (1) have earned an undergraduate degree in a country where the official language is English (not just an English-speaking institution or just a country where English is spoken), or (2) have lived and worked in an English-speaking country for the past two or more years. A TOEFL waiver is automatically granted if a candidate scores 90% or higher on the verbal component of the GMAT. If you last took the test more than two years prior to the date of application, you must take it again, because results are valid for only two years.
Q: What is Vanderbilt’s school code for test score reports?
Our institution code is 1871 for the IELTS and TOEFL. You must also specify department code 02 for your TOEFL scores to reach us. The GMAT testing center does not require a school code. You will only be asked to provide the school name to the GMAT testing center.
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The Academic Year
Q: When do students matriculate each year?
Classes usually begin in mid-August. The Orientation program is required for all incoming students and begins the week before classes. The U.S. Business Communications and Culture Program begins in mid-July and is required of almost all incoming international students. The finalized Academic Calendar will be available in May for the following year.
Q: Do you accept applications for Spring entry into the MBA program?
No. We only accept applications for fall entrance only.
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Admission Interviews
Q: What is Vanderbilt’s policy on interviews?
An evaluative interview is required before an offer of admission can be extended, but not all applicants may be interviewed. Regardless of your status in the application process, we encourage you to schedule an interview in conjunction with a campus visit or during one of our recruiting trips by emailing your resume and GMAT test scores to interview@owen.vanderbilt.edu with the location and date of your interview request. Interview appointments are limited, and priority is given to applicants with more than 2 years of full-time work experience. If you are unable to interview with an admissions director on campus or in a city near you, you may be invited to interview via telephone only after all required application materials have been received and evaluated by the MBA Admissions Office. If you are invited to interview, we will send you an e-mail with instructions for scheduling an appointment to interview via telephone. As a courtesy to out of state and international candidates we will attempt to accommodate any request for a phone interview.
Q: How important is the interview?
The interview is just one component of many considerations of the Admissions Committee. It supplements the application, essays, recommendations, and work history. We consider all application components to be important parts of the application, but we evaluate a completed application as a whole.
Q: Do I have to come to Nashville for my interview?
No. We recognize that it’s not possible for everyone to travel to campus, especially in the middle of the work week or from far away. As a result, we are happy to schedule interviews with you when we visit one of more than 80 cities around the world. If necessary, we will conduct your interview by telephone once your application has been submitted and reviewed and only after you have received an invitation to schedule a phone interview.
Despite that flexibility, we still strongly believe in the value of a trip to Owen, Vanderbilt, and Nashville. Our Campus Visit Program is second to none, and the on-campus weekend events that we host provide even more in-depth exposure to Vanderbilt’s people, programs, facilities, and resources. The school’s close-knit, cooperative, and collegial community must be experienced firsthand to understand what makes the Vanderbilt MBA program unique among the world’s top business schools. Vanderbilt’s beautiful campus and Nashville’s welcoming environment set the stage for a wonderful two years of curiosity, challenge, and camaraderie. So, whether you visit campus before you apply or after you are admitted, we know it will be a worthwhile and enjoyable trip.
Q: Is there an advantage to interviewing on campus?
There is really no advantage in our Admissions decision-making process. However, campus visits are the best way for you to get a firsthand look at the Vanderbilt MBA program. You can attend a class, go to lunch with a current student, interview with an admissions officer, and attend an information session with career management staff. Vanderbilt wants to enroll students who are excited about life at Owen and in Nashville. Visiting campus is one way that could demonstrate this passion.
Q: How long do interviews last?
The interview usually lasts 30 to 45 minutes. In general, the goal of the interview is to assess your maturity, judgment, professionalism, initiative, interpersonal and team skills, communication skills, and ability to think critically.
Q: What can I expect during the interview?
We conduct a structured but relaxed and conversational interview. We are interested in evaluating all candidates on a common set of criteria, but we also want to discover your individual story, unique talents, and personal ambitions. Your interpersonal skills, communication ability, and professional presence are at least as important as the specific content of the interview. Each interview typically lasts 30 to 45 minutes, which is usually ample time for us to get to know you and for you to ask any questions you may have about Vanderbilt, the MBA program, or the surrounding community. While low-key in tone, this is still a professional interview; we expect that you will wear professional attire and bring a copy of your current résumé.
Q: What should I do if I cannot interview prior to a specific application deadline?
Your application will be evaluated without the interview, and we will contact you by e-mail with instructions for scheduling an interview if you are a competitive applicant.
For candidates who have not completed an interview, we allow two weeks for processing and preliminary review after each deadline, then four weeks for those candidates to complete their visits and interviews, and another two weeks for final decisions. After the first round of admissions, decisions are made on a rolling basis, so you may actually hear sooner than the published notification deadline.
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Campus Visits
Q: I live in the U.S. but prefer not to travel to Nashville until I know I have been admitted. Will failure to visit negatively affect my candidacy?
No. In general, you are encouraged to visit campus at least once, because it is the best way to learn about the Vanderbilt MBA program, the university, and Nashville. If you have not visited campus before receiving an offer of admission, we strongly encourage you to visit before you make a final decision about attending Vanderbilt.
Most candidates prefer to visit during the academic year so that they can visit while classes are in session. However, we encourage you to visit at any time. Please contact our Campus Visit Coordinators to ensure that someone is available to host you.
Q: How do I arrange a visit to Vanderbilt?
You may request a visit online, by sending submitting your resume and preferred visit date via e-mail to campus.visit@owen.vanderbilt.edu. Details about the visit process are available on our website.
Q: Whom will I meet while visiting Vanderbilt?
During a personalized campus visit, you will be greeted by your student host, who will take you to his or her class, introduce you to faculty and fellow students, and accompany you to lunch. After lunch, you can participate in a small group discussion with a member of our Career Management Center.
Q: Can I specify the subject for the class I will attend during my campus visit?
Our graduate assistants will try to organize your visit around your individual background, interests, and goals. Depending on your travel schedule, the availability of student hosts, and the activities of a certain class on any given day, we cannot guarantee that we will be able to fulfill everyone’s desires all of the time. Regardless of the class you attend, the host you meet, or the duration of your stay, we know you will find your visit to Vanderbilt to be a pleasant and productive experience.
Q: May I schedule more than one class visit and/or interview?
It depends. The availability of hosts, suitability of classes, number of visitors, and other demands on our resources often make it difficult to arrange for you to attend more than one class during your campus visit. Our graduate assistants will work with you to make sure you get the most out of your visit to Vanderbilt. You will meet with only one admissions officer during your visit, for either an informational or evaluative interview.
Q: How do I get to Nashville?
for directions to Nashville. Additional information about Owen, Vanderbilt, and Nashville can be found on our web site.
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Estimated Student Budget
Q: What is the cost of a Vanderbilt MBA education?
The estimated total cost of education for a single student during the nine-month 2009-10 academic year is $65,664.00. The details of this predicted student budget can be found on our website. For your second year of study, you should anticipate a 4% increase in tuition, fees, and living expenses each year. The Vanderbilt Board of Trust approves the budget every July.
Q: What are the healthcare costs and requirements for spouses and/or dependents?
Vanderbilt requires that all students, spouses and dependents have healthcare coverage. The detailed costs, forms, and form completion/submissions deadlines are all available on the Vanderbilt Student Health Website:
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Financial Aid & Scholarships
Q: Who can apply for financial aid?
In order to qualify for federal financial aid, you must be a U.S. citizen or permanent resident. Federal financial aid includes the Federal Stafford Loan Program. International students can apply for private alternative educational loans only with the assistance of a U.S. citizen or permanent resident as a co-signer.
Q: How do I apply for financial aid?
In order to qualify for the Federal Stafford Loan program, you must complete the Free Application for Federal Student Aid, or FAFSA. Vanderbilt MBA students will complete this form online at www.fafsa.ed.gov. The Title IV code for Vanderbilt is 003535. The deadline for filing the FAFSA is typically at the beginning of May. Financial aid applications submitted after the deadline may be subject to delays. Financial aid is always determined by the federal income tax information filed for the previous year.
Q: How do I contact the financial aid office?
Contact the Office of Student Financial Aid, Vanderbilt University, 2309 West End Avenue, Nashville, TN 37203-1725 or finaid@vanderbilt.edu; telephone 615.322.3591 or 800.288.0204; or fax 615.343.8512. General office hours are Monday through Friday from 8:00 a.m. to 5:00 p.m. CST.
Q: What is the financial aid timeline?
Filing of the Free Application for Federal Student Aid (FAFSA) is the first step in applying for federal financial aid. The FAFSA should be completed as early as February but no later than May to assure timely processing. Four to six weeks after filling the FAFSA, you will receive the resulting Student Aid Report (SAR) for your verification. Financial aid awards will be determined based from the information supplied on the FAFSA. A financial aid package will be calculated including any Vanderbilt MBA scholarships, Federal Stafford Loans, and a private alternative loan to meet the cost of education or academic budget for the year.
Q: What loan programs are available to domestic and international students?
Subsidized Federal Stafford Loans are need-based loans for U.S. citizens and permanent residents only. The federal government pays the interest on these loans while the student is in school and during the grace period before repayment begins.
Unsubsidized Federal Stafford Loans are non-need-based loans for U.S. citizens and permanent residents only. The borrower is responsible for the interest on these loans as soon as the loan is disbursed. Most of the terms and conditions of subsidized and non-subsidized Stafford loans are the same. The combined federal loan limit is up to $20,500 per year for graduate and professional students.
Private Alternative Loans are available for all students. A number of major lending organizations offer loan programs to qualified borrowers. A listing of recommended private alternative loan providers is available upon request from the Office of Student Financial Aid. This information will include maximum loan amounts and terms and conditions of each program listed. The student may borrow up to the cost of education minus any financial aid. International students can use this resource if a qualified U.S. citizen or permanent resident serves as a co-signer.
Q: I have been selected for a process called Federal Verification. What does this mean?
During Federal Verification, the school compares information from your application with the financial information (federal tax forms, W2s, or other financial documents) you or your parents supplied to the government. Your Student Aid Report (SAR), which is a summary of information compiled from the Free Application For Federal Student Aid (FAFSA), and a variety of worksheets are used in this process. Check the first page of the SAR to see if you were selected for Federal Verification. You may download the Federal Verification Worksheets from www.vanderbilt.edu/FinancialAid/missing.htm. You will need to mail your signed, completed worksheet with a signed copy of your tax return to The Office of Student Financial Aid, Vanderbilt University, 2309 West End Ave., Nashville, TN 37209.
Q: What is the interest rate for Federal Stafford loans?
Graduate Stafford Loans (both subsidized and unsubsidized) have a fixed interest rate of 6.8% through 2013.
Q: How can I find detailed information regarding student loans?
You can search the Department of Education’s Web site for complete information regarding financial aid and student loans. Detailed information on the Federal Stafford Loan programs can be found at www.hesaa.org. You can find a comprehensive Web site for financial aid, scholarships, and information about private alternative educational loans at www.salliemae.com.
Q: How do I apply for scholarships? What are the selection criteria?
All admitted applicants are automatically considered for scholarship awarded by Owen. A separate application is not required for scholarship consideration. Selection criteria are based on many of the same factors evaluated for an admission decision: academic performance, GMAT scores, quality of work experience, leadership potential, and personal characteristics demonstrated through the essays, interviews, and recommendations. There are two diversity scholarships that require a supplemental essay. Details are available on our website.
Q: How much are scholarships worth?
Scholarships range from $5,000 per year to full tuition. They are renewed automatically for the second year as long as you maintain a 3.0 grade point average. A diverse student body is important to us; we do consider the unique backgrounds, experiences, and perspectives each individual can contribute to the program in our determination of scholarship awards.
Q: What is the Dean’s Scholar award?
The Dean’s Scholar Award is the highest honor for an incoming student. With it, the Dean recognizes and rewards the outstanding achievements and potential of up to ten future Vanderbilt MBA leaders. Nominees interact with current students, faculty, staff, and alumni and compete for the Dean’s Scholar Award during Scholars’ Weekend. Those who receive the award gain additional scholarship funding and access to special programming as an Owen student.
Q: Are graduate assistantships available?
A limited number of Graduate Student work assignments will be available. These positions range from ten to fifteen hours per week for a professor or one of the school’s administrative offices, and are selected by the sponsoring professor or office. These opportunities are typically posted in the Owen Daily News at the beginning of the school year or on the Admitted Applicants web site leading up to Orientation. Positions may also become available throughout the year. Additionally, the Vanderbilt Office of Financial Aid maintains a web site of all student positions available on campus on www.hireadore.com.
Q: How do international students apply for a private loan?
International students can apply for a private alternative educational loan, with a U.S. citizen or permanent resident as a co-signer, for an amount up to the total cost of education. Please contact the Office of Student Financial Aid for additional information.
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Computers, Housing, and Transportation
Q: Does Vanderbilt have a computer requirement?
Yes. Students are encouraged to participate in the laptop program offered by the Owen Technology Productivity Services group. The systems are offered at a significant discount and come with complete on-site support. The school offers both Mac and Windows PC options. You may bring your own computer and if it meets the minimum specifications; a best effort will be made to help with any technology issues once the needs of the students participating in the laptop program have been met.
Q: Is it possible for MBA students to live in university housing on campus?
No. On-campus housing is limited to undergraduate students. For more information, please visit Vanderbilt University’s off-campus referral service. Students who live close to Vanderbilt generally walk or bike to campus. Although, Nashville has limited public transportation, buses do run by Owen. There are restaurants and shops in the West End and Hillsboro Village areas and also within walking distance of campus. If you choose to live farther from campus, having a car would be required. Most students have cars, but this is a personal decision.
Q: Will I be able to obtain a parking pass? How much does a pass cost?
Students can purchase parking passes at the Office of Traffic and Parking in Wesley Place Garage, across the street from Owen on Scarritt Place. The cost and other information about Traffic and Parking at Vanderbilt can be found at their website. Most Owen students choose to purchase a Zone 2 general permit which allows them to park in any unreserved Zone 2 parking space. There are surface lots and two parking garages in the immediate area of the Owen building.
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