Tuition & Expenses
| 2023-24 TUITION EXPENSES (ANNUALIZED) | |
|---|---|
| Tuition | $68,500 |
| Transcript Fee | $100 |
| Books & Supplies | $500 |
| Health Insurance* (can be waived if proof of comparable coverage elsewhere) | $3,735 |
| Maintenance Fee | $1,250 |
| Student Services Fee | $610 |
| Student Health Fee | $774 |
| Loan Fees | $1,520 |
Tuition is subject to change annually
| AVERAGE LIVING EXPENSES | |
|---|---|
| Housing ($1,726 monthly over nine months) | $15,562 |
| Food | $7,120 |
| Personal Expenses ($219/mo plus) | $1,977 |
| Transportation | $1,526 |
*Health Insurance Note. We require health insurance for all students. Vanderbilt offers a health insurance plan for students and their families. Please note that dental and vision care are not included in the insurance fee, but are available and encouraged through Gallagher Student Health.
Scholarship Overview
All applicants are automatically considered for merit-based scholarship at the time of admission. Scholarships are awarded based on academic achievement, potential for excellence in a management career, leadership potential, extracurricular activities, application strength and potential to contribute to our community.
Scholarship amounts range from $5,000 per year to full tuition, with the total amount of scholarship being announced at the time of admission.
As part of the total scholarship package, incoming students may be selected for fellowships and/or named awards. Some of these honors require additional application materials and all candidates are welcome to apply. Information on our fellowships and named awards can be found below.
Owen’s alumni and friends are committed to the school’s success, and generously donate time and resources. As a merit-based scholarship recipient, candidate’s tuition could be funded by one of our donor-funded endowed awards.
Named Scholarship Awards
Dean's Scholars Program
The Dean’s Scholars Program is the signature scholarship at Vanderbilt. Selected from the incoming class, Dean’s Scholars receive a full tuition scholarship. One Dean’s Scholar is selected from each year’s cohort as the Dean’s Scholar Award winner and receives an additional $15,000 yearly stipend.
Learn MoreOneOwen Essentials Award
Our OneOwen Essentials award seeks to recognize incoming students who exhibit the Owen Essentials: Trust, Transparency, Accountability, Inclusiveness, Collaborative Community and Innovation and Learning. These essentials are our guiding principles and help us clarify what we espouse as a community. They are foundational to how we seek to do our work at Owen as faculty, staff, and students.
About Owen EssentialsFellowships
Vanderbilt partners with the Forté Foundation and Reaching Out MBA (ROMBA) to provide fellowship opportunities. As part of the total scholarship package, incoming students may be selected for fellowships.
In conjunction with our partners, we offer 2 fellowship opportunities:
*Candidates interested in applying for the ROMBA Fellowship are asked to complete an additional essay within the application.
Loans & Other Resources
Federal Financial Aid
Loans are dispersed through the central Office of Student Financial Aid; visit Vanderbilt University’s financial aid website for details about loan options.
International students do not qualify for federally funded loan programs unless they are permanent residents of the U.S. International students may apply for a private alternative source of funding, but a U.S. citizen or permanent resident is required as a co-borrower. Vanderbilt offers two loan options that do not require a U.S. co-borrower, available through Prodigy Finance and Power Financing. The two may be compared by viewing Vanderbilt’s Office of Financial Aid’s private alternative loan options information and clicking on the FASTChoice to filter.
Office of Financial AidStudent Employment
While we do not offer federal work-study opportunities, a limited number of graduate student work assignments are available. Work hours range from 10 to 15 hours per week and are selected by the sponsoring professor or office. Graduate student work assignments are typically posted in the What's Happening newsletter at the beginning of the school year or on the Admitted Applicants website. Positions may also become available throughout the year. For information on additional opportunities, contact Vanderbilt’s Student Employment Office.
Students may work up to 20 hours per week. International students may not work off-campus during the first nine months of their program, as governed by the Bureau of Citizenship and Immigration. Thereafter, authorization to work off campus is required for summer internships or during the academic year.
Vanderbilt Student Employment OfficeOther Resources
We encourage students to do their own research when considering options for funding their MBA and to start early when thinking about options. In addition to scholarships, federal loans, and employment, students could consider personal savings; family funds; sponsorship by their company or government; and other outside loans, grants, and scholarships.
Your starting point for funding your MBA outside of merit-based scholarship should be the Vanderbilt University Office of Financial Aid.
Diversity Scholarships and Resources
Learn more about how Vanderbilt supports underrepresented students, women, LGBTQIA+, military, and international students. For more information on clubs and organizations, Vanderbilt resources, and fellowship opportunities that may be available to you, click on the links below.
Underrepresented Students
We partner with a number of organizations to provide fellowship opportunities for underrepresented student candidates, including Access, The National Black MBA Association (NBMBAA), and Prospanica. Click below to learn more about Vanderbilt resources for underrepresented students, fellowship opportunities with our partners, and organizations Vanderbilt MBA students have received external scholarships from.
Women
Vanderbilt Business is committed to creating opportunities for women. We partner with the Forté Foundation to provide Forté Fellowships to our women candidates. Click below to learn more about the Forté Foundation and other Vanderbilt resources for women.
LGBTQIA+
We partner with Reaching Out MBA (ROMBA) to provide fellowship opportunities for LGBTQIA+ candidates. Click below to learn more about ROMBA and other organizations that Vanderbilt MBA students have previously received external scholarships from, as well as Vanderbilt resources available for LGBTQIA+ candidates.
Military
Vanderbilt Business is committed to helping members of the Armed Forces transition to business school. We provide unlimited funding for Yellow Ribbon candidates. Additionally, the Vanderbilt University Bass Military Scholars Program awards scholarship funding to select graduate and professional degree veterans. Click below to learn more about the scholarships and resources available to military candidates.
International
We recognize that international students bring a remarkable diversity of languages, cultural backgrounds, and worldviews that strengthens our entire community. As a globally focused university, we seek to connect with exceptional candidates and alumni around the world. Click below to learn more about our international student clubs and organizations, partnerships with loan-scholarship institutions, and Vanderbilt resources for international candidates.
Accelerator Alumni Scholarship
Each year the Vanderbilt MBA program awards up to $5,000 in scholarship funding to participants of the Vanderbilt Accelerator® program.
FAQ
Tuition Information
Q. Are graduate assistantships available?
A.
There are a limited number of opportunities to work with professors and administrators during the academic year for an hourly rate. These positions range from 10 to 15 hours per week for a professor or one of the school's administrative offices and are selected by the sponsoring professor or office. These opportunities are typically posted at the beginning of the school year. Positions may also become available throughout the year. We do not offer federal work-study opportunities nor do we award assistantships as part of the scholarship package.
Q. Are there scholarships available for rising second-year students?
A.
All scholarships are awarded during the application process to incoming students. While in the past the school has given out small cash awards to certain outstanding first-year students for their second year, you should not rely on future scholarships/awards for funding.
Q. How does tuition work for dual degree students?
A.
Tuition rates vary amount graduate programs at Vanderbilt University. Students enrolled in a dual degree program should expect to pay the tuition to the Owen Graduate School of Management for the semesters they are enrolled in the MBA program.
Q. How do I apply for financial aid?
A.
In order to qualify for the Federal Direct Stafford Loan Program, you must complete the Free Application for Federal Student Aid, or FAFSA. Information about completing the FAFSA Form can be found on the website for the Vanderbilt University Office of Financial Aid. Filing of the Free Application for Federal Student Aid (FAFSA) is the first step in applying for federal financial aid.
Q. How do I contact the financial aid office?
A.
Casey Johnson is the Owen Financial Aid Officer, and you may reach her by emailing her directly.
Q. Is it possible for MBA students to live in university housing on campus?
A.
At this time, we are unable to offer on-campus University housing for graduate or professional students.
Q. What is the Dean's Scholar Award?
A.
The Dean's Scholar Award is the highest honor for an incoming student. For more information, please visit the Dean's Scholars Award Program page.
Q. Are there loans available?
A.
Loans are dispersed through the central Office of Student Financial Aid; visit Vanderbilt University’s financial aid website for details about loan options.
International students do not qualify for federally funded loan programs unless they are permanent residents of the U.S. International students may apply for a private alternative source of funding, but a U.S. citizen or permanent resident is required as a co-borrower. Vanderbilt offers two loan options that do not require a U.S. co-borrower, available through Prodigy Finance and MPower Financing. The two may be compared by viewing Vanderbilt’s Office of Financial Aid’s private alternative loan options information and clicking on the FASTChoice to filter.
We encourage you to explore your loan options in advance of the application process.
Q. How do I apply for scholarships?
A.
All applicants are automatically considered for scholarship awards at the time of admission. Scholarships range from $5,000 per year to full tuition. More information on scholarships can be found here. The full amount of scholarship awarded may be spread across more than one named award, with the total amount of all scholarships announced at time of admission.