Tuition & Financial Aid

MBA - Tuition & Financial Aid - Cost of Attendance

Cost of Attendance

Class of 2023 Cost of Attendance

Class of 2023: visit the Darden Enterprise Portal to view the cost of attendance.

 

Class of 2024 Cost of Attendance

The estimated 2022–2023 academic year Cost of Attendance (COA) is provided below. The Aetna Student Health Insurance expense for the 2022-2023 academic year is currently not available. To help estimate your costs, we have provided the 2021-2022 health insurance expense below. All other COA figures listed below have been finalized.

 

Class of 2024:

2022-2023

Virginia Domicile Non-Virginia Domicile International Students
Tuition & Fees $72,200 $75,200 $75,400
Darden MBA Case Fees $1,100 $1,100 $1,100

Aetna Student Health Insurance

(2021-2022 amount)*

$3,148 $3,148 $3,148
Living Expenses** $19,720 $19,720 $19,720
Computer $1,600 $1,600 $1,600
Transportation $1,000 $1,000 $4,000
Federal Loan Fees*** $2,268 $2,268 --
Total Cost of Attendance**** $101,036 $104,036 $104,968

*Only students enrolled in the Aetna Student Health Insurance plan will be billed for this expense. Since the health insurance amount for the 2022-2023 academic year is currently not available, we have provided the health insurance expense for the 2021-2022 academic year on the chart above.

**Note that the living expenses included in your COA are only for the 9 months you are enrolled in classes. Cost broken down per month ($2,191/month for 9 months; $1,643/month for 12 months).

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

****The total COA figures listed above are estimates since the 2022-2023 health insurance figure is not available. Note: Except for the health insurance amount, all other 2022-2023 COA figures listed above are finalized.



International students using these figures need to allot an additional $7,000 for a spouse and $4,000 for each additional dependent on 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. 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
  • Computer
  • Transportation
  • Federal loan fees, if federal loans are borrowed

You must apply for financial aid on an annual basis. Your current financial aid application only covers the COA for the First Year (2022–2023 academic year) of your program. Mark your calendar to reapply for financial aid in the spring for your Second Year (2023–2024 academic year) COA.

Financial aid funds accepted in excess of the direct costs will be refunded to you by the University at the beginning of 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).
  • Please 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.