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Tuition and Financial Aid

PROGRAM TUITION AND FEES FOR THE 2020-21 ACADEMIC YEAR

Tuition per credit hour
$1,025.00
Same rate for VA and non-VA residents

Tuition and fees per 3-credit class
$3,679.25 (VA resident)
$3,830.25* (Non-VA resident)
*Includes Commonwealth Facility & Equipment Fee

Approximate Total Program Cost
$58,000

Please note that tuition is subject to annual changes and the tuition totals listed above are accurate for 2020-2021.

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 upcoming fall term. The tuition total listed above does not include books or other travel expenses. The most current rates are always available via the bursar's webpage.

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:

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.

A limited number of graduate assistantships are available, allowing you take a full-time course load (12-credits in a semester) while working for the program 20-hours/week. Most tuition and fees are covered, you earn a monthly stipend, and are eligible for a favorable rate to purchase health care as a graduate student. The time commitment as a graduate assistant is sizeable (12 hours of class time + approimately 24 hours outside of class time in reading, assignments, etc. + 20 hours of faculty support), so this option only applies to those without a simultaneous paid work commitment (job). If you are interested, please contact the MBA program office at mba@vt.edu.

The Pamplin College of Business offers partial merit-based scholarships to assist working professionals earn their MBA while continuing their careers. Scholarships may be offered to highly qualified applicants to the MBA program, and, returning students in the program who demonstrate a high level of academic performance. No additional paperwork is required for consideration. Scholarship amounts are determined based on availability and the number of qualified recipients.

Early application is encouraged, as the availability of scholarships is greatest at the beginning of the review cycle.

If a new student is not awarded a scholarship upon admission, they may have the opportunity to receive a scholarship in a later semester.

Scholarship Eligibility:

  • All scholarship applicants must be regular-status students (not provisional or Commonwealth) and taking at least five credits in the semester of the award
  • Current students must have and maintain a minimum GPA of 3.0
  • You do not need to file a FAFSA to be eligible, however please indicate whether or not you are using federal student loans as this will assist in identifying the scholarship funding source

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  losely 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.