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 "Best Value" among Top 20 schools by U.S. News. 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 2019-2020 academic year have been approved by the Board of Regents of the University of Texas System but are subject to change by legislative action.

Estimated One Year Tuition & Fees

Texas Resident Non-Texas Resident & International
$49,534 $54,924

All tuition, fees, and expenses will be confirmed before classes start. A non-refundable $2,000 deposit is required once you accept our offer of admission and is credited toward your first semester program costs.

Current estimated expenses for the academic year: 

  • Living expenses - $18,370 (includes room & board, local travel, miscellaneous/personal expenses)
  • Books - $1,000
  • Student fees - $850
  • Laptop - $2,500 (additional documentation required if financial is aid needed for this expense)

 

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.

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.

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Other Scholarships

Other Scholarships

The Office of Financial Aid (OFA) at UT Austin opens its Continuing and Transfer Scholarship Application in November of each academic year, until April 1st. Applications will be reviewed for scholarship funds administered by OFA. In addition, we recommend that you look for outside scholarships offered through the "Scholarship Types" tab.

Loans

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 FAFSA completed at least by June 1.

Once your FAFSA has been successfully processed, you may be offered federal loans.

International Student Loans

International Student Loans

For an international student, there may be loan options. Better loan terms may apply if you have a U.S. citizen or permanent resident co-signer. We are not able to recommend any lenders specifically, but 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.

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.