Tuition & Financial Aid
Learn about the cost of attendance and ways to finance your MBA at Texas McCombs.
Make an Investment in YourselfWe know that pursuing an MBA is an investment in your future. To support you through the process, we offer a dedicated financial aid team who will help you explore ways to finance your degree. As the #1 ranked Working Professional MBA program in Texas and top-10 in the U.S., your degree will start paying dividends immediately.
The information below reflects program cost information for the Evening MBA class entering in January 2022. For students beginning the program in future years, tuition is typically expected to increase 3-5% each year. Returning students will not experience a rate change or increase. Your tuition will remain the same for your entire time in the program.
Evening MBA Class of 2024 (entering January 2022)
Program Installments per Semester
A non-refundable $2,000 deposit is required once an applicant accepts our offer of admission in order to secure a seat in the program. The deposit will be credited toward your first semester's program costs. Payments for each semester's tuition and fees are due approximately six weeks before each semester begins.
Cost of attendance ensures access to top-rated McCombs School of Business' resources for working professionals and world-class faculty. Our program is delivered in a format that enables you to maintain full-time employment while pursuing your degree.
Total Program Cost includes:
- Program tuition and registration fees
- All digital case studies and articles (students are responsible for the purchase of textbooks, if needed)
- Foreign health insurance, lodging, and most meals during the global residency
- Access to career management advisors and recruiting events
- Access to McCombs+ consulting projects, workshops, and up to 8 hours of personal executive coaching per year
- Guest speaker series
- Access to the McCombs alumni network with over 100,000 members
*For those who cannot establish Texas Residency, there will be an estimated supplemental cost of $4,000 - $4,600 per semester, depending on the semester and the number of credit hours taken.
Financing Your MBA
Texas McCombs Working Professional MBA students leverage a mix of federal loans, private loans, scholarships, employer benefits, and savings to finance their degree. Learn about different Financial Aid options below.
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 October 1 of each year, and it is recommended to have your FAFSA completed at least by June 1 prior to your date of enrollment.
Once your FAFSA has been successfully processed, you will be offered enough federal loans to cover your program costs each 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. Summer loans require a separate approved application with your lender, and we cannot certify a summer disbursement with any fall/spring loans.
Once you have been approved for loan funding through your lender, please notify the McCombs Financial Aid team by filling out the Private 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.
If you have any questions about private loans, please email us at FinancialAid@mccombs.utexas.edu.
International Student Loans
There are some loan options 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.
Have you or your spouse been living and working in Texas for at least a year?
If so, it is possible that you could be considered an International Texas Resident. If you are able to establish domicile and be classified as a Texas Resident, you may have additional options to secure funding.
- Review the list of eligible visas that may allow you establish domicile, and please refer to the Texas Residency office for more information about establishing domicile.
- If you or your spouse is on an eligible visa, please contact us at FinancialAid@mccombs.utexas.edu to discuss your situation.
McCombs Admissions Recruiting Awards
The McCombs School of Business offers a limited number of Admissions Recruiting Award scholarships to Working Professional MBA students in our MBA at Dallas/Fort Worth, MBA at Houston, and Evening MBA. All applicants are automatically considered for Admissions Recruiting awards as part of the application review process. These scholarships are awarded based on merit and need*.
Admissions Recruiting Award scholarships could be up to $10,000 total, split evenly across each semester of the program. Scholarships require that students remain in good academic standing and are fully employed. Scholarship availability and awards are subject to change without notice.
*While a separate application is not required to be considered for Admissions Recruiting Awards, applicants should submit the FAFSA as soon as possible after it becomes available in October, for need to be considered in the award process.
Please note that the McCombs Financial Aid team does not make Admissions Recruiting award decisions. If you have questions about Admissions Recruiting Award scholarships, please email MBA Admissions.