Tuition and Financial Aid
EMBA - Tuition and Financial Aid - Cost of Attendance
Cost of Attendance
Class of 2026 Cost of Attendance
Class of 2026: visit the Darden Enterprise Portal to view the cost of attendance.
Class of 2027 Cost of Attendance
The 2025-2026 academic year Cost of Attendance (COA), which includes the Fall 2025 and Spring 2026 semesters, is provided below.
-
EMBA
EMBA Cost of Attendance
Domestic Students*
International Students
Fall 2025
Spring 2026
Fall 2025
Spring 2026 Tuition and Fees
$38,700
$36,400
$38,820
$36,520
Computer
$2,000
$0
$2,000
$0
Books & Supplies
$179
$179
$179
$179
Room $11,277 $11,277 $11,277 $11,277 Board $3,495 $3,495 $3,495 $3,495 Miscellaneous Personal Living Expenses $2,395 $2,395 $2,395 $2,395 Federal Direct Unsubsidized Loan Fee**
$108
$108
--
--
Federal Direct Graduate PLUS Loan Fee**
$1,233
$1,233
--
--
Transportation - Region 2***
$1,030
$1,030
$1,030
$1,030
Subtotal (with Region 2 Transportation)
$60,417
$56,117
$59,196
$54,896
Global Residencies
(if enrolled)****
--
TBD
--
TBD
Total COA with Global Residencies (with Region 2 transportation)
$60,417
TBD
$59,196
TBD
*Domestic refers to both Virginia and non-Virginia 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 2026-2027 academic year (semesters 3, 4, and 5). The 2026-2027 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2025.
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 2026, Summer 2026, Fall 2026, and Spring 2027 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 2025
Spring 2026
Fall 2025
Spring 2026 Tuition and Fees
$38,700
$36,400
$38,820
$36,520
Computer
$2,000
$0
$2,000
$0
Books & Supplies
$179
$179
$179
$179
Room $11,277 $11,277 $11,277 $11,277 Board $3,495 $3,495 $3,495 $3,495 Miscellaneous Personal Living Expenses $2,395 $2,395 $2,395 $2,395 Federal Direct Unsubsidized Loan Fee**
$108
$108
--
--
Federal Direct Graduate PLUS Loan Fee**
$1,233
$1,233
--
--
Transportation - Region 2***
$1,030
$1,030
$1,030
$1,030
Subtotal (with Region 2 Transportation)
$60,417
$56,117
$59,196
$54,896
Global Residencies****
--
TBD
--
TBD Total COA with Global Residencies (with Region 2 Transportation)
$60,417
TBD
$59,196
TBD
*Domestic refers to both Virginia and non-Virginia 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 2026-2027 academic year (semesters 3,4, and 5). The 2026-2027 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2025.
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 2026, Summer 2026, Fall 2026, and Spring 2027 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.
EMBA Cost of Attendance
|
Domestic Students* |
International Students |
|||
|---|---|---|---|---|
|
|
Fall 2025 |
Spring 2026 |
Fall 2025 |
Spring 2026 |
|
Tuition and Fees |
$38,700 |
$36,400 |
$38,820 |
$36,520 |
|
Computer |
$2,000 |
$0 |
$2,000 |
$0 |
|
Books & Supplies |
$179 |
$179 |
$179 |
$179 |
| Room | $11,277 | $11,277 | $11,277 | $11,277 |
| Board | $3,495 | $3,495 | $3,495 | $3,495 |
| Miscellaneous Personal Living Expenses | $2,395 | $2,395 | $2,395 | $2,395 |
|
Federal Direct Unsubsidized Loan Fee** |
$108 |
$108 |
-- |
-- |
|
Federal Direct Graduate PLUS Loan Fee** |
$1,233 |
$1,233 |
-- |
-- |
|
Transportation - Region 2*** |
$1,030 |
$1,030 |
$1,030 |
$1,030 |
|
Subtotal (with Region 2 Transportation) |
$60,417 |
$56,117 |
$59,196 |
$54,896 |
|
Global Residencies (if enrolled)**** |
-- |
TBD |
-- |
TBD |
|
Total COA with Global Residencies (with Region 2 transportation) |
$60,417 |
TBD |
$59,196 |
TBD |
*Domestic refers to both Virginia and non-Virginia 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 2026-2027 academic year (semesters 3, 4, and 5). The 2026-2027 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2025.
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 2026, Summer 2026, Fall 2026, and Spring 2027 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 Cost of Attendance
|
Domestic Students* |
International Students |
|||
|---|---|---|---|---|
|
|
Fall 2025 |
Spring 2026 |
Fall 2025 |
Spring 2026 |
|
Tuition and Fees |
$38,700 |
$36,400 |
$38,820 |
$36,520 |
|
Computer |
$2,000 |
$0 |
$2,000 |
$0 |
|
Books & Supplies |
$179 |
$179 |
$179 |
$179 |
| Room | $11,277 | $11,277 | $11,277 | $11,277 |
| Board | $3,495 | $3,495 | $3,495 | $3,495 |
| Miscellaneous Personal Living Expenses | $2,395 | $2,395 | $2,395 | $2,395 |
|
Federal Direct Unsubsidized Loan Fee** |
$108 |
$108 |
-- |
-- |
|
Federal Direct Graduate PLUS Loan Fee** |
$1,233 |
$1,233 |
-- |
-- |
|
Transportation - Region 2*** |
$1,030 |
$1,030 |
$1,030 |
$1,030 |
|
Subtotal (with Region 2 Transportation) |
$60,417 |
$56,117 |
$59,196 |
$54,896 |
|
Global Residencies**** |
-- |
TBD |
-- |
TBD |
|
Total COA with Global Residencies (with Region 2 Transportation) |
$60,417 |
TBD |
$59,196 |
TBD |
*Domestic refers to both Virginia and non-Virginia 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 2026-2027 academic year (semesters 3,4, and 5). The 2026-2027 global residency charge will be determined by the University of Virginia Board of Visitors in late-November/early-December 2025.
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 2026, Summer 2026, Fall 2026, and Spring 2027 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
How Often Do I Apply for Financial Aid?
You must apply for financial aid on an annual basis.
First Year: You must complete the 2025–2026 Financial Aid Applicaton Process to receive financial aid for the 2025-2026 Academic Year (Fall 2025 and Spring 2026 semesters). Note: Students should begin the application process for the 2025-2026 Academic Year as soon as you are offered admission to Darden.
Second Year: You must complete the 2026-2027 Financial Aid Application Process to receive financial aid for the 2026-2027 Academic Year (Summer 2026, Fall 2026, and Spring 2027 semesters). Note: Students are encouraged to begin the applicaiton process for the 2026-2027 Academic Year in the Spring semester of your First Year (early-January 2026).
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 will 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.