Our numbers add up to a rich MBA experience you will value.
We built our reputation on being both high quality and highly affordable. The Full-Time MBA pays for itself within 3.9 years according to Forbes' 2019 rankings. Learn more about tuition and fees, financial aid, and our highly competitive scholarship and assistantship opportunities.
Tuition & Fees (2022-2023)
Our Board of Regents adjusts the Full-Time MBA tuition and fees in May of each year for the next academic year.
One-Time Costs (Non-Refundable)
| Expense | Cost |
|---|---|
| MBA Program Fee | $500 |
| PreMBA Coursework (MBA Foundations) | $170 |
Tuition + Fees Each Academic Year
| Expense | Georgia Resident | Non-Resident |
|---|---|---|
| Tuition | $13,578 | $32,606 |
| Student Fees | $1,390 | $1,390 |
| Total Tuition + Fees for 1 Year | $14,968 | $33,996 |
Optional Experiences
International Residency
| Expense | Estimated Costs |
|---|---|
| Land Package | $1,900 |
| Air Fare | Varies by Destination |
| Spending Money | $500 |
Note: Students make their own airfare arrangements and spending varies by personal preferences.
Silicon Valley Trip
There is no program fee for the Silicon Valley trip and students make their own arrangements. Estimated cost for hotel, airfare and spending money is $1,100.
Estimated Living Expenses
Most of our Full-Time MBA students live in the Athens area and appreciate the high quality of life at an affordable price.
| Expense | On-Campus | Off-Campus |
|---|---|---|
| Average Room & Board | $10,904 | $13,194 |
| Books & Supplies | $648 | $648 |
| Transportation | $2,112 | $2,112 |
| Miscellaneous Living Expenses | $3,292 | $4,168 |
Financial Assistance
Assistantships
Overview
A graduate assistantship reduces the cost of your education and provides income to help cover living expenses. The benefits include:
- Tuition reduced to $25 per semester
- 50% of student health insurance premium paid by UGA for student-only coverage
- A monthly stipend for working 13 hours per week at the Terry College of Business
- For the 2022–2023 academic year, the annual assistantship stipend per MBA will be approximately $10,430 for 10 months
- Up to 90% of the incoming two-year class is awarded an assistantship
Expenses for a Student on Assistantship
| Expense | Cost |
|---|---|
| Reduced UGA Tuition | $50 |
| UGA Student Fees | $1,390 |
| Health Insurance Premium (student portion) - mandatory plan premium details |
$1,335 |
| New Laptop Computer (estimate) | $500 |
| Books (estimate) | $648 |
| Total Expenses | $3,923 |
Scholarships
Overview
We offer scholarships ranging from $5,000 to $20,000 to applicants whose academic performance, workplace achievements, leadership potential, and diverse experiences bring unique perspectives to the class. Below is a partial list of our scholarship opportunities based on academic achievement, residency, and diversity. All applicants are considered for scholarship funding.
Academic Achievement
- Thilo Best MBA Assistantship and Fellowship Fund provides a two-year assistantship and an additional scholarship of $2,000.
- Georgia Power MBA Assistantship Fund provides a tuition waiver, an assistantship stipend, and an additional $4,500 for each of the two years of the program.
- Lorberbaum Fellowship Fund provides five students with $10,000 per year for two years.
- C. Herman and Mary Virginia Terry Scholarship given to deserving students ranging from $1,000 to $20,000.
- Terry Excellence Fund awards are given to highly qualified applicants ranging from $5,000 to $15,000.
Georgia Residents
- M. Monroe Kimbrel MBA Scholarship is given to a resident of Georgia who demonstrates high moral and ethical character and maintains high academic standards. The scholarship provides up to $12,500 per academic year and a $7,500 stipend for those who pursue a non-profit internship.
- Citizens Community Bank Scholarship is awarded to residents of southern Georgia counties who scored high on the GMAT and have a high undergraduate grade point average.
Diversity Candidates
We are proud partners with the National Black MBA Association, Prospanica, JumpStart Advisory and Reaching Out MBA (ROMBA) and award scholarships from $5,000-$20,000 per academic year.
- Pozen Scholarship is awarded to two Full-Time MBA students and covers full tuition and fees for the two-year MBA program. Candidates must be Georgia residents.
- Catalina Del Corral Memorial Scholarship is awarded to a Latin American student.
- Julie E.M. Sinha MBA Scholarship is awarded to a qualified female candidate.
Leadership Scholarship
We award one Terry MBA Leadership Scholarship ranging from $1,000 to $2,000 annually in the spring semester to a current MBA student. Information on the nomination process is provided to students each spring. As a Full-Time MBA student, you can nominate yourself based on:
- Yellow Ribbon Scholarship Program offers two $9,000 scholarships on a first-come, first-served basis for veterans of the U.S. military, matched dollar-for-dollar by the federal government. This award can combine with the out-of-state tuition differential waivers available to active and recently separated (within 36 months) military personnel to defray costs.
- Leadership contributions through formal leadership roles in the business clubs, MBA program-wide events, community service, or other extracurricular activities.
- Informal leadership qualities through classroom performance, team relationships, and peer interactions.
- Personal recommendations from a faculty member, a coach, and a fellow MBA student.
Need-Based Financial Aid
Domestic students requiring need-based financial assistance should apply for available need-based federal loans and grants before applying for private education loans. International students with U.S. co-signors can apply for private education loans. The University does not endorse or recommend any private education (alternative) loan company. The UGA Office of Student Financial Aid outlines the application process for incoming students and provides a detailed FAQ to answer common questions. This process starts with filing the FAFSA (Free Application for Federal Student Aid) online as soon as you file your taxes. The FAFSA Student Aid Report (SAR) determines your federal loan and grant eligibility.
