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Tuition and Financial Aid

PROGRAM TUITION

Tuition per credit hour
$1,075.00

Tuition and fees per credit hour
$1,250.00*

Approximate total program cost, including all tuition and fees
$60,540.00

Please note that tuition is subject to annual changes and the tuition totals listed above are accurate for 2021-2022. The Virginia Tech Board of Visitors establishes the tuition annually, typically in the spring. Therefore, please use the above tuition rate as a guide in considering the cost of the program.

The tuition total listed above does not include books or travel expenses associated with the optional international elective. The most current rates are always available via the bursar's webpage.

*The tuition and fees per credit hour figure excludes the nominal library and technology fees because they are variable depending on the total credit hours taken each semester. These fees total an additional $540 over the course of the program, or an average of $11.25 per credit hour. 

FINANCING YOUR MBA

The decision to further your education and career by investing in an MBA can be a difficult one. Several funding sources may be available to you as you consider how to finance your advanced degree:

All completed applications applicants will be considered for a scholarship. Incomplete applications will not be eligible for scholarship consideration and will be reviewed during a future round. Admission into the program does not guarantee the award of a scholarship. If applicants do not receive a scholarship during the round in which they apply, they may be considered for a scholarship during a later round. 

Scholarships range from $1,000-$3,000. Early application is encouraged as scholarship availability is greatest at the beginning of the review cycle.

Scholarships cannot be applied to the non-refundable seat deposit. The seat deposit is required for an admitted applicant to secure their spot in the OMBA cohort. Students who do not submit a deposit by the stated deadline will lose their seat in the cohort. The seat deposit will be applied to the student's first semester bill.

More than 50% of part-time MBA students receive full- or partial tuition support from their employers, according to a recent survey by GMAC. Check with the HR department of your company, agency or government office for your specific benefits.

  • Third party payer is available if your employer agrees to pay at time of course registration. The MBA program office can help you write a business case justification.
  • Reimbursement directly to you after the course is completed is common. The MBA program office can provide documentation needed to show course, grade, etc. per semester.
  • Federal guidelines currently exclude up to $5,250 of educational assistance received from your taxable income. Be sure to understand tax implications for any benefit you may receive.

If you are a graduate or professional student, you can borrow up to $20,500 each year in Direct Unsubsidized Loans. Direct PLUS Loans can also be used for the remainder of your college costs not covered by other financial aid. For information about qualifying for federal aid and filing a Free Application for Federal Student Aid (FAFSA) form, please visit the Federal Student Aid site.

The Office of University Scholarships and Financial Aid at Virginia Tech is also a resource.

If you’ve served on active duty after September 10, 2001, you may qualify for the Post-9/11 GI Bill (Chapter 33). The U.S. Department of Veterans Affairs provides information about the Post-9/11 GI Bill here. The Office of Veterans Services at Virginia Tech provides support to veteran and military students, and helps coordinate your educational benefits with the Department of Veterans Affairs.

A 529 plan is a tax-advantaged investment vehicle designed to encourage saving for the future higher education expenses of a designated beneficiary. This can be a pre-paid or savings vehicle. Please contact your state Department of Education for additional information.

As an employee of Virginia Tech, you may be eligible for tuition reimbursement, per University Policy 4800: Tuition Assistance and Reimbursement Program for Salaried Employees. This may be up to twelve (12) credits per year and the benefit may have tax implications. The MBA program office works loosely with the Office of the Bursar and the Division of Human Resources to ensure the Virginia Tech employee is supported in the process of applying for and receiving the benefit.