EMBA - Tuition and Financial Aid - Cost of Attendance

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.