Financing Your MBA

Students meeting in Fall

Financing Your MBA

A graduate management education is one of the most important investments you will ever make. The returns can be measured in enhanced job opportunities, self-confidence, and post-MBA success. The Cox MBA Program provides scholarship awards to approximately 65% of its students, with awards ranging from 10-100% of tuition and fees. For students who need additional funding, a variety of loan opportunities are available. Students can also seek private scholarship opportunities.

We strongly encourage prospective students to apply in Round 1 or Round 2 for scholarship consideration. While candidates who apply after Round 2 may still be considered for scholarships, the scholarship budget is limited and funding is not guaranteed for later applicants. 

Estimated Student Budget for Academic Year 2016-17

A summary of anticipated tuition and living expenses for the 2016-17 academic year is outlined below. Most Cox MBA students live off-campus in houses or apartments near the university. Although Dallas is primarily a city of car drivers, you can walk or bike to a large number of commercial and retail areas around SMU. In addition, public transportation on the Dallas Area Rapid Transit (DART) system around the city is free for all SMU students.

Category Estimated Cost
Tuition $45,976
University and Program Fees    $6,420
Living Expenses $16,000
Books & Supplies $2,500
Health Insurance $2,525
Misc Expenses $1,500
ESTIMATED TOTAL $76,421

This is a nine-month budget based on SMU estimates (Health Insurance is estimated for twelve months). Individual budgets may vary significantly. The estimate above does not include cost for summer expenses. While many summer internships are paid, please budget for summer expenses, estimated to be approximately $5,000. Tuition is subject to change on an annual basis.

Please note that to receive approval for a student visa, international students will need to certify the ability to pay for the above nine-month costs. If dependents are accompanying an international student, the student would also need to certify additional funds for health insurance and living expenses for the family members.

SMU offers several monthly payment plans. Please refer to the Bursar’s payment plan site for more information.

 

Tuition Payment: Deadlines and Refunds

Information about payments for tuition (outside of funding which the school received through any loans you have received) will be sent to your SMU e-mail address prior to the start of your first semester. Each following semester, you will receive an announcement about tuition payments from the MBA Registrar.

If your account shows a balance after scholarship and loan funds are applied to your account, you will receive a refund of these funds. You can complete a form to have these funds directly deposited into your checking or savings account; otherwise a check will be mailed to you from the SMU Cashier’s office. These funds will be refunded to you as quickly and efficiently as possible. A complete overview of this topic can be found at the Bursar's Refunds site.