User blog comment:The LostWhisperer/Mid-season break?/@comment-9058532-20130907194952/@comment-15108745-20130907210100

If you listen to the preshow livestream for RWBY which is a live session that the production crew held before the airing of episode 1, you'll see that they make it a point to clarify the difference between volume and season. They said that volume 1 was comprised of 10 chapters that will be told across 16 episodes. These episodes are what we are seeing now. Volume 1 is also how the DVD coming out in november is listed in the RT store. Volume 1 however is NOT season 1. So the 16th episode is not the season finale but the "volume finale."

Also, if there are actually 10 chapters split across 16 episodes and if the most a chapter can be split into is two episodes, there should actually be two more long episodes coming up. One of them is the volume finale and the other is anyone's guess.