Tuition and Financial Aid

EMBA - Tuition and Financial Aid - Cost of Attendance

Cost of Attendance

Class of 2023 Cost of Attendance

Class of 2023: visit the Darden Enterprise Portal to view the cost of attendance.

 

Class of 2024 Cost of Attendance

The 2022–2023 academic year cost of attendance is provided below, which consists of the Fall 2022 and Spring 2023 semesters. This budget does not include living expenses. If a student would like the Full-Time MBA living expenses to be added to their cost of attendance, please email the Darden Financial Aid Office.

  • EMBA

    EMBA Cost of Attendance

     

    Domestic Students*

    International Students

     

    Fall 2022

    Spring 2023

    Fall 2022

    Spring 2023

    Tuition and Fees

    $34,610

    $32,860

    $34,710

    $32,960

    Computer

    $1,600

    $0

    $1,600

    $0

    Books & Supplies

    $179

    $179

    $179

    $179

    Federal Direct Unsubsidized Loan Fee**

    $105

    $105

    --

    --

    Federal Direct Graduate PLUS Loan Fee**

    $701

    $701

    --

    --

    Travel Expense - Region 2***

    $130

    $130

    $130

    $130

    Subtotal (with Region 2 travel)

    $37,325

    $33,975

    $36,619

    $33,269

    Global Residencies

    (if enrolled)****

    --

    TBD

    --

    TBD

    Total with Global Residencies (with Region 2 travel)

    $37,325

    TBD

    $36,619

    TBD

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

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

    ***The Travel 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 - $1,700 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 - $130 per semester: District of Columbia and the following U.S. states: Maryland, North Carolina, Virginia and West Virginia.

    Travel Region 3 - $2,075 per semester: Arkansas, Iowa, Illinois, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oklahoma, South Dakota, Texas and Wisconsin.

    Travel Region 4 - $2,275 per semester: Arizona, California, Colorado, Idaho, New Mexico, Nevada, Oregon, Utah, Washington and Wyoming.

    Travel Region 5 - $6,012 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 $4,200 per course for additional residencies. The $4,200 per global residency charge is subject to change for the 2023-24 academic year (semesters 3, 4, and 5). The 2023-24 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2022. 

    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 what those costs may be, please review the prior costs for Global Residencies for the Classes of 2018, 2019, 2020 and 2021.  

    • GEMBA

      GEMBA Cost of Attendance

       

      Domestic Students*

      International Students

       

      Fall 2022

      Spring 2023

      Fall 2022

      Spring 2023

      Tuition and Fees

      $34,610

      $32,860

      $34,710

      $32,960

      Computer

      $1,600

      $0

      $1,600

      $0

      Books & Supplies

      $179

      $179

      $179

      $179

      Federal Direct Unsubsidized Loan Fee**

      $108

      $108

      --

      --

      Federal Direct Graduate PLUS Loan Fee**

      $1,049

      $1,049

      --

      --

      Travel Expense - Region 2***

      $130

      $130

      $130

      $130

      Subtotal (with Region 2 travel)

      $37,676

      $34,326

      $36,619

      $33,269

      Global Residencies****

      --

      TBD

      --

      TBD

      Total with Global Residencies (with Region 2 Travel)

      $37,676

      TBD

      $36,619

      TBD

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

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

      ***The Travel 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 - $1,700 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 - $130 per semester: District of Columbia and the following U.S. states: Maryland, North Carolina, Virginia and West Virginia.

      Travel Region 3 - $2,075 per semester: Arkansas, Iowa, Illinois, Kansas, Louisiana, Minnesota, Missouri, Montana, North Dakota, Nebraska, Oklahoma, South Dakota, Texas and Wisconsin.

      Travel Region 4 - $2,275 per semester: Arizona, California, Colorado, Idaho, New Mexico, Nevada, Oregon, Utah, Washington and Wyoming.

      Travel Region 5 - $6,012 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 $4,200 each. The $4,200 per global residency charge is subject to change for the 2023-24 academic year (semesters 3,4, and 5). The 2023-24 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2022.  

      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 what those costs may be, please review the prior costs for Global Residencies for the Classes of 2018, 2019, 2020 and 2021.  

    What Does Financial Aid Cover?

    Financial aid may be utilized to cover the full Cost of Attendance (COA) for the program. 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.

    Financial aid funds accepted in excess of the direct costs will be refunded to the student usually within two (2) business days of disbursement by the University of Virginia. Once a refund is processed, the student should receive the funds within two to three (2–3) business days after the refund date if the student has Direct Deposit set up. Otherwise it will be seven to ten (7–10) business days to receive a paper refund check. Checks will be mailed to the mailing address on file in the Student Information System (SIS).

    Students must apply for financial aid on an annual basis. The student’s current financial aid application only covers the COA for the First Year in the 2022–2023 academic year (Fall 2022 and Spring 2023 semesters) of the program. Students are encouraged to mark their calendar to reapply for financial aid in the spring for their Second Year in the 2023–2024 academic year (Summer 2023, Fall 2023 and Spring 2024 semesters).

    Direct costs include:

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

    Indirect costs include:

    • Living expenses
    • Books and computer
    • Federal loan fees, if federal loans are borrowed
    • Travel to the domestic residencies