Tuition and Financial Aid

EMBA - Tuition and Financial Aid - Cost of Attendance

Cost of Attendance

Class of 2024 Cost of Attendance

Class of 2024: visit the Darden Enterprise Portal to view the cost of attendance.

 

Class of 2025 Cost of Attendance

The 2023-2024 academic year Cost of Attendance (COA), which includes the Fall 2023 and Spring 2024 semesters, is provided below. 

Note: The 2024-2025 academic year COA for the Class of 2026 is anticipated to be available in late-May 2024.

  • EMBA

    EMBA Cost of Attendance

     

    Domestic Students*

    International Students

     

    Fall 2023

    Spring 2024

    Fall 2023

    Spring 2024

    Tuition and Fees

    $36,360

    $34,060

    $36,460

    $34,160

    Computer

    $1,800

    $0

    $1,800

    $0

    Books & Supplies

    $179

    $179

    $179

    $179

    Room $10,620 $10,620 $10,620 $10,620
    Board $3,235 $3,235 $3,235 $3,235
    Miscellaneous Personal Living Expenses $1,900 $1,900 $1,900 $1,900

    Federal Direct Unsubsidized Loan Fee**

    $105

    $105

    --

    --

    Federal Direct Graduate PLUS Loan Fee**

    $761

    $761

    --

    --

    Transportation - Region 2***

    $1,030

    $1,030

    $1,030

    $1,030

    Subtotal (with Region 2 Transportation)

    $55,990

    $51,890

    $55,224

    $51,124

    Global Residencies

    (if enrolled)****

    --

    TBD

    --

    TBD

    Total COA with Global Residencies (with Region 2 transportation)

    $55,990

    TBD

    $55,224

    TBD

    *Domestic refers to both Virginian and non-Virginian residents. 

    **Federal loan fees are only included for borrowers of Federal loans

    ***The Transportation Expense varies depending where you live, and it is estimated based on 9 round trips for domestic residencies over the academic year. Review the regions and the corresponding figures below:

    Travel Region 1 - $2,600 per semester: Alabama, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maine, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, U.S. Virgin Islands and Vermont.

    Travel Region 2 - $1,030 per semester: District of Columbia and the following U.S. states: Maryland, North Carolina, Virginia and West Virginia.

    Travel Region 3 - $2,975 per semester: Arkansas, Iowa, Illinois, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oklahoma, South Dakota, Texas and Wisconsin.

    Travel Region 4 - $3,175 per semester: Arizona, California, Colorado, Idaho, New Mexico, Nevada, Oregon, Utah, Washington and Wyoming.

    Travel Region 5 - $6,912 per semester: Alaska, Hawaii and any location outside the United States.

    ****Global Residency Cost

    For the EMBA program, 1 Global Residency must be completed during your course of study. The Global Residency may be completed in semester 2, 3, 4 or 5. More than 1 Global Residency may be completed, but you will be charged $5,000 per course for each additional residency. The $5,000 per global residency charge is subject to change for the 2024-2025 academic year (semesters 3, 4, and 5). The 2024-2025 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2023. 

    You will also have additional out-of-pocket costs associated with each Global Residency for airfare and miscellaneous expenses. The out-of-pocket costs for Spring 2024, Summer 2024, Fall 2024, and Spring 2025 have not been determined. To help estimate these costs, please review the prior Out-of-Pocket Global Residency Costs for the Classes of 2023 and 2024.  

     

  • GEMBA

    GEMBA Cost of Attendance

     

    Domestic Students*

    International Students

     

    Fall 2023

    Spring 2024

    Fall 2023

    Spring 2024

    Tuition and Fees

    $36,360

    $34,060

    $36,460

    $34,160

    Computer

    $1,800

    $0

    $1,800

    $0

    Books & Supplies

    $179

    $179

    $179

    $179

    Room $10,620 $10,620 $10,620 $10,620
    Board $3,235 $3,235 $3,235 $3,235
    Miscellaneous Personal Living Expenses $1,900 $1,900 $1,900 $1,900

    Federal Direct Unsubsidized Loan Fee**

    $100

    $100

    --

    --

    Federal Direct Graduate PLUS Loan Fee**

    $920

    $920

    --

    --

    Transportation - Region 2***

    $1,030

    $1,030

    $1,030

    $1,030

    Subtotal (with Region 2 Transportation)

    $56,144

    $52,044

    $55,224

    $51,124

    Global Residencies****

    --

    TBD

    --

    TBD

    Total COA with Global Residencies (with Region 2 Transportation)

    $56,144

    TBD

    $55,224

    TBD

    *Domestic refers to both Virginian and non-Virginian residents. 

    **Federal loan fees are only included for borrowers of Federal loans.

    ***The Transportation Expense varies depending where you live, and it is estimated based on 9 round trips for domestic residencies over the academic year. Review the regions and the corresponding figures below:

    Travel Region 1 - $2,600 per semester: Alabama, Connecticut, Delaware, Florida, Georgia, Indiana, Kentucky, Maine, Massachusetts, Michigan, Mississippi, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, Tennessee, U.S. Virgin Islands and Vermont.

    Travel Region 2 - $1,030 per semester: District of Columbia and the following U.S. states: Maryland, North Carolina, Virginia and West Virginia.

    Travel Region 3 - $2,975 per semester: Arkansas, Iowa, Illinois, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oklahoma, South Dakota, Texas and Wisconsin.

    Travel Region 4 - $3,175 per semester: Arizona, California, Colorado, Idaho, New Mexico, Nevada, Oregon, Utah, Washington and Wyoming.

    Travel Region 5 - $6,912 per semester: Alaska, Hawaii and any location outside the United States.

    ****Global Residencies

    For the GEMBA program, 4 Global Residencies must be completed during your course of study.  The Global Residencies are completed in semesters 2, 3, 4 and 5 for $5,000 each. More than 4 Global Residencies may be completed, but you will be charged $5,000 per course for each additional residency. The $5,000 per global residency charge is subject to change for the 2024-2025 academic year (semesters 3,4, and 5). The 2024-25 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2023.  

    You will also have additional out-of-pocket costs associated with each Global Residency for airfare and miscellaneous expenses. The out-of-pocket costs for Spring 2023, Summer 2023, Fall 2023, and Spring 2024 have not been determined. To help estimate these costs, please review the prior Out-of-Pocket Global Residency Costs for the Classes of 2023 and 2024.  

What Does Financial Aid Cover?

Financial aid may be utilized to cover the full Cost of Attendance (COA). The maximum amount of financial aid (including scholarships, loans and any other known resources excluding Veterans Benefits) for which you are eligible is limited to the total COA. The total COA varies based on where you reside and if you will be receiving federal loans. Note: You cannot receive financial aid (including student loans) during periods of non-enrollment (e.g., before the start of your program).

Direct costs include:

  • Tuition and fees billed each semester
  • Darden MBA case fees
  • Global Residency charges

Indirect costs include:

  • Room
  • Board
  • Miscellaneous personal living expenses
  • Books and computer
  • Federal loan fees, if federal loans are borrowed
  • Transportation to the domestic residencies

You must apply for financial aid on an annual basis. Your current financial aid application only covers the COA for your First Year in the 2023–2024 academic year (Fall 2023 and Spring 2024 semesters) of your program. Students are encouraged to mark their calendar to reapply for financial aid in the spring for their Second Year in the 2024–2025 academic year (Summer 2024, Fall 2024 and Spring 2025 semesters).

Financial aid funds accepted in excess of the direct costs will be refunded to you by the University at the beginning for each semester. Refunds are processed in one of two ways: 

Direct Deposit: 

  • If you have previously signed up for direct deposit for your refunds, you should receive an email confirmation of the direct deposit amount from Accounts Payable at the University and the funds should arrive via Automated Clearing House (ACH) in your designated bank account within 2-5 business days after the effective date listed in the Student Information System (SIS).
  • Note: If an ACH/direct deposit fails for any reason, Accounts Payable reissues the refund as a paper check to the mailing address on record in SIS. Please allow at least 5-15 business days from the date of reissue for the check to arrive. Reasons for ACH/direct deposit failure include but are not limited to: "Bank Account Closed" or "No Bank Account/Cannot Locate" or "Insufficient Bank Details in SIS."

Paper Checks: 

  • If you have not signed up for direct deposit, a paper check with be issued to the current mailing address that you have on file in SIS. Please allow at least 5-15 business days for the check to be received at your Mailing Address
  • Requests for replacement refund checks will not be accepted until 30 calendar days after the date the check was issued.