Foster Evening MBA candidates recognize the MBA as an investment in themselves, their careers, and their futures.
With a total program cost of $95,013, students who entered the Evening MBA program in 2023 will pay approximately $31,671 per year (if completing the program in three years). Tuition for 2024 will be announced in summer 2024.
Students who invest in the Foster Evening MBA program cover the cost through a combination of personal savings/funds, educational loans, scholarships, and other funding sources. Slightly over half of our students receive some amount of tuition reimbursement from their employers, and over 40% are using some amount of loan funding. One of the advantages of a part-time MBA is that students continue to earn an income throughout the program.
U.S. citizens and eligible non-citizens may apply for federal loans, UW Family Housing, and Childcare Assistance via the Free Application for Federal Student Aid (FAFSA or the Renewal FAFSA), which can be found at studentaid.gov. Enter the “University of Washington-Seattle” School Code 003798 to send your FAFSA to the UW Office of Student Financial Aid. You may submit your FAFSA after the January 15 priority deadline, however, the longer you wait, the fewer funding options may be available.
In the Graduate and Professional Students section of this Student loans program chart, you’ll find information on the types of loans available along with interest rates, loan fees, and terms and repayment.
Most University of Washington MBA students qualify to borrow $20,500 per year through the Federal Stafford Direct Loan Program. You must not be in default on a prior federal student loan, and must have registered for the draft if required by law to do so. Otherwise, this loan program is not based on need, income, or credit.
If your FAFSA is approved, the UW Office of Student Financial Aid will send you a financial aid eligibility letter and a promissory note asking how much of the $20,500 annual maximum you wish to borrow. Check in with this office to ensure you understand all loan requirements and timelines, including the mandatory requirement to report any scholarship awards you have received.
Office of Student Financial Aid
University of Washington
Box 355880, Seattle, WA 98195-5880
Phone: 206-543-6101
Email: [email protected]
Web: www.washington.edu/students/osfa
We strongly encourage qualified students to exhaust all federal loan options before applying for private loans. Unlike private loans, federal loans are required by law to provide flexible payment options, income-based repayment and loan forgiveness benefits.
We recognize that not all students qualify for federal loans. International students can qualify for private loans with a creditworthy U.S. Citizen or Permanent Resident co-signer. International students may want to consult their local EducationUSA Advising Center to investigate private educational loans available from their home countries or other funding ideas.
You are encouraged to do independent research and can borrow from any lender you prefer.
Women, LGBTQIA+, and underrepresented minorities can find a list of scholarship opportunities offered by Foster and outside resources on our Diversity Resources page.
International students seeking other sources of aid may want to consider international scholarship/grant programs that are designed to support students pursuing graduate study outside their home countries. Many countries also offer government scholarships for overseas graduate study. Each country’s local EducationUSA Advising Center can provide information on scholarships and EduPASS provides general financial aid information and tips for international students.
Military Benefit Resource Links