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Tuition & Fees

Learn about the cost of attendance and ways to finance your MBA at Texas McCombs.

  • Make an Investment in Yourself

    We 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 a top-ranked MBA program, the value of your degree will start paying dividends immediately.

Program Costs

Tuition & Fees

The information below reflects tuition and fees for the Full-Time MBA program for the 2022-2023 academic year. Tuition and fees are subject to change through legislative action.

Estimated One Year Tuition and Fees 

Texas Resident: $52,550

Non-Texas Resident: $58,720

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

Tuition estimates are based on 15 hours per semester enrollment. Tuition is billed on a schedule based on how many total hours you are enrolled. The 2022-2023 MBA Tuition Rates can be found on Texas One Stop under the Professional section. Tuition is expected to increase 3-5% each academic year.

Texas Residency

Texas state law classifies each person who applies for admission to a Texas public college or university as 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. 

Visit UT Austin Admissions or contact the UT 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.

 

Estimated Expense for the Academic Year

Full-Time MBA Estimated Cost of Attendance (includes tuition, room & board, transportation, books, and personal/miscellaneous expenses)

Other expenses you can appeal to have included in your cost of attendance* if financial aid is needed:

  • Full-Time MBA Student Fee - $1,000
  • Laptop Computer - $2,500
  • UT Academic Health Plan
  • International Student Services fees

*Contact the McCombs Financial Aid Team to initiate the budget appeals process.

 

Dual Degree Tuition

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

EDUCATION LOANS

Loan Options

Federal Loans

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 by January 15th prior 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

 

Private Loans

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 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. 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

 

International Student Loans

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.

 

SCHOLARSHIPS & FELLOWSHIPS

Scholarship Information

U.S. Citizens & Permanent Residents

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 the Consortium 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 FoundationReaching 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

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 selects SYLFF 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 FoundationReaching 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. 

 

Current MBA Students

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 its Continuing 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 scholarships offered through this application is available on Texas One Stop's Scholarship Finder.

 

External Scholarships

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

 

OTHER SOURCES OF FUNDING

Veteran Benefits

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

 

Teaching & Research Assistantships

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

 

Contact Financial Aid

Texas McCombs MBA students have a dedicated in-house financial aid team to assist in the process of securing funding. Please reach out directly to McCombs Financial Aid (instead of the central UT Office of Scholarships and Financial Aid or Texas One Stop) with all of your financial aid questions.

Veteran Benefits

The McCombs School of Business welcomes veterans, active duty members, and their families.