Tuition & Financial Aid

MBA - Tuition & Financial Aid - Cost of Attendance

Cost of Attendance

First Year Cost of Attendance

The 2020–21 academic year cost of attendance is currently not available. The 2020–21 academic year budgets are anticipated to be published at the beginning of March. To help provide an estimate of the cost to attend Darden, use the figures below. A 3–5% increase in cost should be anticipated.

Second year students: visit the Darden MBA portal to view the cost of attendance.

2019-2020 Virginia Residents Non-Virginia Residents International Students
Tuition & Fees $67,500 $70,500 $70,700
UVA Health Insurance* $2,814 $2,814 $2,814
Living Expenses** $17,766 $17,766 $17,766
Darden MBA Case Fees $2,000 $2,000 $2,000
Computer $1,500 $1,500 $1,500
Transportation $1,000 $1,000 $4,000
Federal Loan Fees*** $1,928 $1,928 --
Total Costs $94,508 $97,508 $98,780

*Only students enrolled in the Aetna Student Health Insurance plan will be billed for Aetna Student Health Insurance

**Note that the living expenses determined by UVA Darden for your COA is only for 9 months when you are enrolled in classes. Cost broken down per month ($1,974/month for 9 months; $1,480.50/month for 12 months).

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



International students using these figures need to allot an additional $7,000 for a spouse and $4,000 for each additional dependent on the Financial Guarantee Form, which is part of the I-20; family members cannot be included in the cost of attendance when applying for a loan.

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) for which you are eligible is limited to the total COA. The total COA varies based on your residency status and if you will be receiving federal loans.

Financial aid funds accepted in excess of the direct costs will be refunded to you usually within 2 business days of disbursement by the University of Virginia. Once a refund is processed, you should receive the funds within 2–3 business days after the refund date if you have Direct Deposit set up. Otherwise it will be 7–10 business days to receive a paper refund check. Checks will be mailed to your mailing address on file in the SIS.

You must apply for financial aid on an annual basis. Your current financial aid application only covers the COA for the First Year (2020–2021 academic year) of your program. Mark your calendar to reapply for financial aid in the spring for your Second Year (2021–2022 academic year) COA.

Please note you cannot receive Darden financial aid during the summer when you are not enrolled in classes.

Direct costs include:

  • Tuition and fees billed each semester
  • Darden MBA case fees
  • Health insurance, if purchased from the University

Indirect costs include:

  • Living expenses
  • Books and computer
  • Transportation
  • Federal loan fees, if federal loans are borrowed