Table of Contents
Key Takeaways:
- Gain a clear overview of the total cost of attendance for the McCombs MBA program.
- Understand the breakdown of tuition fees for both in-state and out-of-state students.
- Learn about additional expenses, including housing, books, and personal costs.
- Discover potential scholarship opportunities and financial aid options available to MBA candidates.
- Explore the return on investment and career outcomes for McCombs MBA graduates.
Considering the McCombs School of Business at the University of Texas at Austin for your MBA journey? Understanding the financial commitment is a crucial step in your decision-making process. The McCombs MBA program, renowned for its rigorous curriculum and strong industry connections, comes with a comprehensive fee structure that covers various aspects of your educational experience. In this guide, we'll break down the UT Austin McCombs MBA fees, helping you plan your investment in this transformative academic adventure.
Are You Curious About McCombs MBA Fees?
Tuition fees for non-Texas residents for the 2024 – 2025 MBA intake at McCombs is $59,684 per year.
For the McCombs MBA 2024-2025 academic year, the estimated cost of attendance for the full-time MBA program, including tuition, room and board, transportation, books, and personal/miscellaneous expenses, is approximately $84,605. These figures are based on a full-time MBA graduate student enrolled in 15 credit hours per semester.
For a detailed description of fees, please refer to Cost of Attendance.
| Category | Cost |
|---|---|
| Tuition & Fees | $59,684 |
| Housing & Food | $17,300 |
| Transportation | $1,740 |
| Books & Supplies | $1,247 |
| Personal Misc. | $4,634 |
| Total Expense | $84,605 |
Additional Expenses Other Than McCombs MBA Fees
Other than tuition fees, there are many other expenses that you need to consider while deciding on an MBA. Continue reading to get a better idea and understand whether McCombs is worth it.
Through the cost of attendance (COA), McCombs provides a full picture of how much it would cost for an MBA graduate to attend the school. This would include basic living expenses, housing, utilities, and tuition fees. To be precise, these expenses would vary significantly depending on your lifestyle. The table below will give you a clear idea of your MBA fees.
Additional expenses that you can include in your cost of attendance, especially if you require financial aid, are:
| Expense Category | Average Annual Cost |
|---|---|
| Accommodation | $7,540 |
| Food | $3,471 |
| Transportation | $5,477 - $15,530 |
| Health Insurance | $5,640 |
| Utilities | $4,824 |
| Miscellaneous | $26,312 |
| Total Expense | $45,114 - $55,167 |
After reading all these, if you feel like knowing your personal MBA fees and expenses, the school provides a cost and tuition calculator that you can use.
For a detailed description of fees, please refer to Cost and Tuition fees.
Scholarship: A Significant Relief
McCombs School of Business offers various scholarships to full-time MBA students, ranging from awards based on financial needs to academic achievement and extracurricular activities. The cost of attendance determined by the Office of Scholarships and Financial Aid (OSFA) states that each student applying for financial aid will be offered the same budget regardless of their residency.
Here are some of the scholarship Opportunities at McCombs:
1. Recruiting Scholarships
- Cash awards and out-of-state tuition waivers range from $2,000 to full-tuition awards.
2. SYLFF Global Fellows
- Selected annually to promote diverse global perspectives.
- Receives an SYLFF scholarship in addition to fellow benefits.
3. Partnership Fellowships
- McCombs partners with Forté Foundation, Reaching Out MBA (ROMBA), and Teach for America.
- Selected MBA candidates receive a McCombs scholarship and benefits from these organizations.
4. Automatic Consideration
- All admitted international MBA students are automatically considered for scholarships.
- Scholarships are offered at the same rate as domestic students.
External Scholarships:
Many private organizations offer scholarships to graduate students based on different criteria. Sources for external scholarships and resources to search for external scholarships include:
1. Joseph F. Barthmaier, Jr. Memorial Scholarship:
- This scholarship requires candidates with great ambition, good character, and a reason for financial need.
- There is no separate application process.
2. Robert Austin Hatcher Endowed Scholarship:
- This scholarship is awarded based on a student's financial aid application.
- No separate application is required.
3. Albert and Anice Vanderlee Endowed Scholarship:
- Candidates should highlight their academic achievement and explain the need for financial aid.
- There is no separate application process.
If you are aiming for a scholarship, you can apply through the Office of Scholarships and Financial Aid’s new scholarship management system, Longhorn Awards and Student Scholarship Opportunities (LASSO).
Loans and Grants for McCombs MBA Fees
McCombs MBA students have access to various loan and grant options to help finance their education. Federal student loans, such as Direct Unsubsidized Loans, are available to U.S. citizens and permanent residents. These loans do not require demonstration of financial need, and the school determines the maximum amount a student can borrow based on their cost of attendance and other financial aid received.
Additionally, private student loans from banks and other lenders can be obtained, though international students may need a U.S. citizen or permanent resident co-signer to qualify for more favorable terms. McCombs also encourages students to explore external scholarships and grant opportunities from private organizations, which do not need to be repaid.
McCombs School Virtual Tour
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Conclusion
In conclusion, the UT Austin McCombs MBA fees are a significant investment in your future, reflecting the high quality of education and opportunities offered by one of the top MBA colleges in the USA. With competitive tuition, diverse funding options, and strong post-graduation outcomes, the McCombs MBA program remains a top choice for ambitious professionals seeking to advance their careers.
