Tuition & Financial Aid | Full-Time MBA (2024)

The information below reflects tuition and fees for the Full-Time MBA program for the 2024-2025 academic year. Tuition and fees are subject to change through legislative action.

Estimated One-YearTuition and Fees

Texas Resident: $53,818

Non-Texas Resident: $59,684

A non-refundable $2,000 deposit is required onceyou accept our offer of admission and is credited toward your first-semester tuition bill.

Tuition estimates are based on 15 hours first semester and 14 hours second semester enrollment. Tuition is billed on a schedule based on how many total hours you are enrolled. The 2024-2025 MBA Tuition Rates can be found on Texas One Stop under the Professional section.

Texas Residency

Texas state law classifies each person who applies for admission to a Texas public college or universityas one of the following:

• Resident of Texas
• Non-resident
• Foreign (International) Student

Students who are classified as Texas residents pay a discounted tuition rate and qualify to apply for financial aid awarded by the state.

VisitUT Austin Admissions or contact theUT Residency Office at GIAC for more information about residency.

Please note that your record will reflect that you are a non-resident until you are admitted to the program. You will then complete a survey to confirm your residency status.

• Full-Time MBA Student Fee - $1,200
• Laptop Computer or Supplies - $2,500 (estimate)
• UT Academic Health Plan
• International Student Services fees

*Contact theMcCombs Financial Aid Teamto initiate the budget appeals process.

For information on dual degree tuition rates, please seeUT Austin Dual Degree Tuition information.

If you are a U.S. citizen or permanent resident, you will likely be eligible for federal student loans.

To determine your eligibility, you must complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is available on October 1 of each year, and we recommend you fill out your FAFSA byJanuary 15thprior to your enrollment, if possible.

Once your FAFSA has been successfully processed, you will be offered enough federal loans up to the estimated Cost of Attendance (COA) for a Full-Time MBA student at 15 hours per semester. Additional loans can then be requested to help cover living costs and other educational expenses not already included in your program costs, which you can request by emailing the McCombs Financial Aid team.

You can check the status of your FAFSA after it has been submitted by visiting the 'Status/Requirements' page in your Check Aid Status Here (CASH) portal. The Financial Aid team will begin packaging McCombs students' financial aid in late May/early June for the upcoming aid year. If you do not receive a Financial Aid Notification (FAN) by the end of June, please contact us at FinancialAid@mccombs.utexas.edu.

If you choose to pursue a private loan, we recommend applying no sooner than a few months before the start of your program. Most private loans are credit-based, and the approval decision may expire. Check with your lender about the length of time your application will remain valid before you apply.

Once you have been approved for loan funding through your lender, please notify the McCombs Financial Aid teamby filling out thePrivate Loan Certification Request Form.We do not receive notification directly from lenders when a student has been approved for funding, so you must fill out the form in order for your private loans to be processed by McCombs.Keep in mind that the maximum certification periods appliable to your program will be fall/spring for a single academic year.

If you have any questions about private loans, please email us at FinancialAid@mccombs.utexas.edu.

There are some loan options available for international students. More favorable loan terms may be available if you have a U.S. citizen or permanent resident as a co-signer. There are a few lenders that do not require a U.S. co-signer for approval, but the loan terms are typically less preferable.

The University of Texas at Austin cannot co-sign on any loans, and as a public institution, we are unable to recommend any specific lenders. We advise searching online and speaking to current students or alumni to see what options may be available for your. Once you choose a lender, we are able to work with all banks and lending institutions to process your loan.

All Full-Time MBA applicants are considered for scholarship opportunities.

• McCombs offers recruiting scholarships in the form of cash awards and out-of-state tuition waivers. Scholarships range from $2,000 to full-tuition awards.
• If you apply to McCombs through theConsortium for Graduate Study in Management (CGSM), you are considered for McCombs-funded scholarships and fellowships designated for Consortium applicants, along with benefits offered through CGSM.
• McCombs is a proud partner of the Forté Foundation,Reaching Out MBA (ROMBA), and Teach for America. The Texas McCombs MBA Admissions Committee selects MBA candidates for Fellowships with these organizations annually. Selected individuals receive a McCombs scholarship in addition to their Fellows benefits.

International students receive scholarships at the same rate as domestic students. All admitted international MBA students are automatically considered for scholarship opportunities.

• McCombs offers recruiting scholarships in the form of cash awards and out-of-state tuition waivers. Scholarships range from $2,000 to full-tuition awards.
• The MBA Admissions Committee selectsSYLFF Global Fellows annually to promote diverse global perspectives at McCombs. Selected individuals receive a SYLFF scholarship in addition to their Fellows benefits.
• McCombs is a proud partner of the Forté Foundation,Reaching Out MBA (ROMBA), and Teach for America. The Texas McCombs MBA Admissions Committee selects MBA candidates for Fellowships with these organizations annually. Selected individuals receive a McCombs scholarship in addition to their Fellows benefits.

McCombs 2nd Year MBA Scholarships

During the first year of the Full-Time MBA program,you may apply for a continuing student scholarship for your second year. These awards are given by the McCombs School of Business through the generous support of individual donors and corporate supporters. Decisions are based on both merit and need.

You will receive notification from the McCombs Financial Aid team when the scholarship application is available, which typically takes place in March of your first year.

UT Austin Continuing Student Scholarships

The Office of Scholarships and Financial Aid (OSFA) at UT Austin opens itsContinuing and Transfer Scholarship Application is available November 1 through April 1 each academic year. Applications are reviewed for scholarships funds administed by OSFA, and a list of scholarshipsoffered through this application is available on Texas One Stop's Scholarship Finder.

Many private organizations offer scholarships to graduate students based on different criteria.Sources for external scholarships and resources to search for external scholarships include:

• Pay It Forward MBA
• Fastweb
• Salle Mae Graduate School Scholarship Search
• Juno - MBA Scholarships

The McCombs School of Business welcomes veterans, active duty members, and their families. If you have questions, please review our benefits information, or contactVeteran Certification Services within UT's Office of the Registrar.

Individual academic departments within McCombs are responsible for identifying teaching and research assistantship positions. We encourage incoming students to connect with the academic departments directly upon arrival to campus to identify these opportunities.

Please be aware assistantships are limited and that it is very difficult to obtain a position during the first semester. MBA students cannot take on teaching or research assistantships for more than 15 hours per week and do not gain in-state tuition by virtue of an assistantship. Students should take into account their mandatory 15-hours-per-semester course load when considering any assistantship