Financing Your MBA

UConn Full-time MBA Tuition and Costs

The 2016-2017 tuition and fees for the Full-time MBA program for the academic year (two semesters) are $13,852 for Connecticut residents and $34,762 for non-residents.  The following is a breakdown of tuition and fees:

2016-2017 Full-time MBA Tuition and Fees CT Resident Non-CT Resident
(Academic Year 2016-2017)
Tuition $13,726 $34,762
General University Fee $74 $74
Infrastructure Maintenance Fee $468 $468
Graduate Matriculation Fee $84 $84
Student Activity Fee $50 $50
Technology Fee $150 $150
Total $14,552 $35,588

All international students are charged an additional Visa Compliance Fee. For the 2017-18 academic year the fee is $350 per semester (Fall and Spring only).

Additional costs including housing and living expenses, required health insurance, textbooks, parking and incidentals bring the estimated total yearly cost of attending the MBA program to $35,000 for Connecticut residents and $57,000 for non-residents. Additional costs include those related to the program’s laptop computer requirement and optional global travel courses. Tuition and fee totals will be announced annually when figures become available.

International students: In order to receive a Form I-20/DS-2019, students are required to certify to the U.S. government that they can finance their education and living expenses for the duration of the academic program. You must document that funding is immediately available to cover the estimated costs for at least the first year of the program.

Scholarships/Merit-based Financial Awards

A limited number of merit-based financial awards are available for well-qualified candidates, ranging from $1000 scholarships all the way to full tuition waivers.

Merit awards are either:

  • Graduate Assistantships which include full tuition waivers, semester stipends, and subsidized health benefits. Recipients work 10 hours/week assisting faculty in varying capacities.
  • Scholarships offered on a one-time basis.

Merit awards are very competitive due to limited availability. All who are admitted are evaluated to receive a merit award based on demonstrated achievements through: work experience, GMAT/GRE scores, and undergraduate academic performance. The average statistics of those students in the Class of 2016 who were awarded a full scholarship were 5.6 years of work experience, 653 GMAT, and 3.5 GPA.

The earlier one applies, the sooner they are considered for a merit award.  Please see the application deadlines for information on the deadline by which to submit your application for consideration for a merit-based award.

Other Financial Aid

U.S. citizens and permanent residents are eligible to apply for a variety of loans. You can learn more from UConn’s Office of Student Financial Aid Services. You can learn more about loans specifically at Student Loans.

International students, it may be possible to apply for a loan if you have a U.S. co-signer. Please learn more about these Alternative Student Loans from UConn’s Office of Student Financial Aid Services.

Part-time Employment

UConn’s flexible MBA program completion paths provides students the opportunity to combine classroom study with paid work experience during their second year.  For example, students can continue part-time employment with an internship employer, or work part-time in a co-op position. International students must coordinate with the MBA program and UConn’s International Student and Scholar Services prior to accepting part-time employment, to ensure part-time work opportunities align with experiential learning milestones and visa restrictions.