Merit-based scholarships – determined by factors like GPA, test scores, work experience – are automatically awarded to MBA applicants. There is no separate application or process, and financial need is not considered when determining which students receive merit-based scholarships.
- MBA students have the opportunity to receive up to 75% of their tuition covered.
- The average scholarship awarded covers 50% of tuition.
Need-based scholarships are also available upon request. Interviews are required and students must provide proof of financial need.
Learn more about these programs here.
Tuition and Financial Aid
MBA program tuition
Tuition for the 2020-21 academic year is $1,310 per credit hour. Beginning in Fall 2021, tuition for the 2021-22 academic year is $1,349 per credit hour.
Total tuition for the online program is $49,913, based on rates for the 2021-22 academic year. Many students in our online programs receive need-based aid and some students are eligible for additional merit or other scholarships.
Is this a good investment?
Graduates from programs like ours often find employment in a range of leadership positions. Below are the mean salaries for some of these professions. However, each graduate is unique, and you should evaluate your personal goals after graduation to assess your expected payback.
Accpuntants and Auditors
Medical and Health Services Managers
General and Operations Managers
Computer and Information Systems Managers
How will you pay tuition?
Students have a variety of options to fund their tuition. Some of the most frequently used funding options are included below, but we encourage you to consult with the Financial Aid Office and / or a financial adviser when determining the best options available.
Need-based assistance for all students is facilitated by the Office of Student Financial Services.
The Federal government provides loan options for graduate students, even if they do not qualify for need-based financial aid. The TU Financial Aid Office works with two types of U.S. Federal Government loans:
- Federal Direct Loans: This is generally the lowest cost loan available (current rate is 4.3%), for up to $20,500 every academic year. You must be a U.S. citizen or permanent resident, take at least six credits per semester and submit the FAFSA (Free Application for Federal Student Aid) to qualify. We recommend checking out Frank to help you with filling out the FAFSA.
- Federal Graduate PLUS Loans: If you need to borrow more, then a Graduate PLUS loan can generally cover the remainder. You will need to submit the application for the Federal Direct loan prior to applying for the PLUS. The current interest rate on PLUS loans is 5.3%.
If federal loans are unavailable or insufficient, we can help you explore private or alternative education loans. Unlike federal loans, private loans do not require a FAFSA to apply. Private loans are not based on need and approval is generally based on creditworthiness and ability to repay. Some students may need to apply with a credit-worthy co-signer. Interest rates, grace periods, repayment options and fees are determined by the lender and can vary considerably from lender to lender; generally, they charge higher rates than federal loans.