Costs + Funding

An Eller MBA from our full-time program is one of the best values in graduate management education. Our reasonable tuition and the low cost of living in Tucson result in a positive and quick return on your investment. Full-time students are eligible to receive in-state tuition regardless of their residency status.

Learn more by following a link below, or scroll down for all funding information:


Full-Time MBA Tuition and Fees

2016-2017 Academic Year

Arizona State Residents Costs for 9-Month Academic Year*
Tuition and Fees  $24,100
Course Materials  $1,200
Living Expenses  $11,500
Miscellaneous (i.e., Travel)  $4,300
Global Business Experience (course fee)  $4,800
Total  $45,900
 Non-Resident/International Costs for a 9-Month Academic Year* 
Tuition and Fees  $43,300
Course Materials $1,200
Living Expenses  $11,500
Miscellaneous (i.e., Travel)  $4,300
Global Business Experience (course fee)  $4,800
 Total  $65,100

* Based on estimates and subject to change.

Information regarding housing, travel, and personal expenses are conservative estimates and are intended to give you a sense of these expenses. Items not factored into the estimated costs include health insurance and a $500 one-time enrollment fee. The international course fee is only required for the first year.


Financial Aid

Many students choose to take out a loan to pay for all or part of the costs associated with attending an MBA program.

Loan programs available to MBA students include:

  • Federally sponsored (Stafford) loans – for U.S. citizens only
  • Alternative private loans – for U.S. and international students
  • MBA LOANS program (sponsored by Sallie Mae and the Graduate Management Admissions Council)

All offer low interest loans repayable upon completion of your degree.

Eligibility for need-based grants, loans and scholarships is determined by completing a Free Application for Federal Student Aid (FAFSA) form available online at www.fafsa.ed.gov. Many funds are limited, so those students who have their FAFSA completed by March 1 each academic year receive priority processing.

Applicants must be admitted to the MBA program before The University of Arizona Office of Student Financial Aid (OSFA) will make financial aid awards. Graduate students must be enrolled at least halftime in order to receive federal loans.

The Eller MBA program does not manage the Financial Aid (loan) process but rather works with the OSFA. We have a dedicated Program Coordinator in the OSFA who handles all MBA applications. For more information contact the OSFA.


Scholarships

For Full-Time MBA students only.

The Eller MBA program offers a number of merit-based scholarships to both U.S. and international students. A third optional essay as part of the application is required in order to be considered for both cash and Graduate Assistantship scholarships. Award decisions are made during the application review process and recipients are notified at the time of admission.

The Eller MBA program is also sponsored by The University of Arizona's Peace Corps Fellowship program. Please contact Georgia Ehlers for more information. Peace Corp Fellowship recipients are not excluded from consideration for an Eller scholarship.


External Funding Sources

A number of external funding sources for MBA students are available, including:

  • Bureau of Indian Affairs – offers fellowship grants to graduate students at accredited U.S. schools who can demonstrate financial need and are enrolled members of a federally recognized American Indian tribe or Alaskan Native group or possess one-fourth degree federally recognized Indian blood: http://www.finaid.org/otheraid/natamind.phtml
  • FastWeb – scholarship search engine: www.fastweb.com
  • FinAid – a comprehensive resource for student financial aid information, including an online searchable database of financial aid resources: www.finaid.org
  • Fulbright Scholarships – awards are available for U.S. and non-U.S. students who aim to increase mutual understanding between the peoples of the United States and other countries, through the exchange of persons, knowledge, and skills: www.iie.org
  • Graduate Management Admissions Council: www.mba.com
  • Graduate PLUS Loans – Graduate and professional degree students can borrow a Direct PLUS Loan to help cover education expenses. The maximum PLUS Loan amount you can borrow is your cost of attendance minus any other financial assistance you receive: www.studentaid.ed.gov
  • Hispanic Scholarship Fund (HSF) – along with Pfizer, Inc., sponsors Hispanic students in graduate school. Awards are for $10,000 in a student's first year of graduate study, with the possibility of renewal for a second year: https://hsf.net/(applications available beginning August 1)
  • IEFA - International Education Financial Aid – sponsored by International:www.iefa.org
  • Richard Metzler and Roland Berger Scholarships – open to applicants pursuing an MBA degree who demonstrate academic excellence, strong leadership skills, and community service or related activities and who are interested in pursuing a career in management consulting. Information is available through the Association of Management Consulting Firms: www.amcf.org
  • Sallie Mae Scholarship Search – SLM Corporation, commonly known as Sallie Mae, owns or manages Federal Stafford Loans and other student loans:https://www.salliemae.com/plan-for-college/scholarships/
  • Sampoerna Foundation – offers scholarship funds on an annual basis to outstanding young Indonesians from financially disadvantaged families:www.sampoernafoundation.org
  • Scholarships.com – scholarship search engine: www.scholarships.com
  • Stafford Loans – Fixed-rate student loans for graduate students attending at least half-time. Stafford loans are the most common and one of the lowest-cost ways to pay for school. There are two different types of graduate Stafford loans: subsidized and unsubsidized: www.staffordloan.com

 

For more information, please contact us.