University of Texas at Austin
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Tuition and Financial Aid

McCombs School of Business McCombs School of Business

Program Costs

At Texas McCombs, we believe an MBA should provide you with a great return on your investment, which is why our program has been consistently named a "Best Value." With the opportunity to earn six-figure starting salaries plus signing bonuses, a Texas McCombs MBA degree is the best investment you’ll make for your career.

Tuition and fees for the 2021-2022 academic year are below, and are subject to change through legislative action.

Estimated One Year Tuition & Fees

Texas Resident Non-Texas Resident & International
$52,550 $58,270

A non-refundable $2,000 deposit is required once you accept our offer of admission and is credited toward your first semester program costs. 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 2021-2022 MBA Tuition Rates can be found on Texas One Stop under the Professional section. Tuition is expected to increase 3-5% each academic year.

 

Current estimated expenses 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:

  • Student fees - $1,000
  • Laptop - $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 Graduate Tuition information.  

Texas Residency

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

A resident of Texas;
A non-resident; or
A foreign (international) student.

Students classified as Texas residents pay lower tuition rates and qualify to apply for financial aid awarded by the state.

Visit UT Austin Admissions or contact the Residency Office at GIAC for more information.

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.

Financial Aid

We recognize that pursuing an MBA is a big investment in your future. To make that future attainable and that investment a strong one, UT Austin awards financial assistance to many MBA students to help cover tuition and living costs.

Texas McCombs MBA students have their own financial aid team to assist in the process of securing funding. Instead of reaching out to Texas One Stop or the Office of Scholarships and Financial Aid, please instead reach out to your dedicated McCombs Financial Aid Team with all of your financial aid questions.

Scholarships and Fellowships

U.S. Citizens & Permanent Residents

U.S. Citizens & Permanent Residents

All admitted MBA students are automatically considered for the opportunities below, unless otherwise specified.

  • McCombs offers recruiting scholarships in the form of cash awards and out-of-state tuition waivers. Scholarships range from $2,000 to full-tuition.
  • If you apply via the Consortium for Graduate Study in Management (CGSM), you are considered for both McCombs-funded scholarships and fellowships as well as benefits offered through CGSM.
  • McCombs is a proud partner of the The Forte Foundation, Reaching OUT MBA, and Teach for America. The Texas 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

International

International students receive scholarships at the same rate as domestic students. All admitted international MBA students are automatically considered for the opportunities below, unless otherwise specified. 

  • McCombs offers recruiting scholarships in the form of cash awards and out-of-state tuition waivers. Scholarships range from $2,000 to full-tuition.
  • 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 The Forte Foundation, Reaching OUT MBA, and Teach for America. The 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 MBAs

Current MBAs

During the first year, current students may apply for a number of scholarships and awards given by the McCombs School of Business through the generous support of individual donors and corporate supporters. More than $100,000 may be awarded through MBA Current Student Scholarships on the basis of merit and need.

You will receive notification from the McCombs Financial Aid Team when the 2nd Year McCombs MBA Scholarship Application opens up in March of your first year.

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Other Scholarships

Other Scholarships

Please note that the McCombs Financial Aid Team does not take part in the selection process of Admissions Recruiting Awards. You of course can apply for scholarships from outside organizations and we advise that you refer to scholarship search engines similar to Fastweb, Sallie Mae’s Scholarship Search, or Juno’s MBA Scholarships list. The McCombs Financial Aid Team is also creating a list of currently available scholarship opportunities as they’re notified of them, and you can access that list here.

The Office of Scholarships and Financial Aid (OSFA) at UT Austin opens its Continuing and Transfer Scholarship Application November 1st of each academic year, until April 1st. Applications will be reviewed for scholarship funds administered by OSFA, and a list of scholarships available through this application is available on Texas One Stop’s Scholarship Finder.

LOAN OPTIONS

Education loans are only one of the many possible sources of funds to cover the cost of your MBA education. In today’s economic climate, students need to think carefully before taking on debt and seek to use alternative funding sources as much as possible, such as employer benefits or an education savings plan, if you already have one established.

 

Loans can only be awarded one academic year at a time. If you are applying with a private lender, keep in mind that the maximum certification periods applicable to your program will be fall/spring for a single academic year.

Federal Loans

Federal Loans

Watch our video on Federal Loans. If you're a U.S. citizen or permanent resident, you'll likely be eligible for federal student loans. To determine your eligibility, you must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA is available October 1 of each year and it is recommended that you have your next year’s FAFSA completed by March 15.

Once your FAFSA has been successfully processed, you will be offered federal loans up to the estimated Cost of Attendance (COA) for a Full-Time MBA student at 15 hours per semester.

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. We 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 feel free to contact us at FinancialAid@mccombs.utexas.edu.

International Student Loans

International Student Loans

For an international student, there may be loan options. Better loan terms may be available if you have a U.S. citizen or permanent resident as a co-signer. Though loan terms will likely be less preferable, there are a few lenders that do not require a U.S. cosigner to be approved. We are not able to recommend any lenders, specifically, but do advise searching online to see what options are out there for you. We will work with all banks and lending institutions.

We, as the University of Texas at Austin, cannot be your co-signer.

Private Loans

Private Loans

If you choose to pursue a private loan, we recommend applying no sooner than a few months before you start the 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 be sure to notify the financial aid team through this online form. Please be advised that since UT is such a large institution, we do not receive notifications directly from lenders when a student has been approved for funding.

If you have any questions, feel free to contact us at FinancialAid@mccombs.utexas.edu.

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.

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 the Student Veteran Services Office at the University.