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Full-time MBA Tuition, Fees, and Financing

Tuition & Fees

Tuition and fee rates are set by the Washington State Legislature and approved by the University of Washington Board of Regents. When you enroll in the Full-time MBA Program, you will be charged the same tuition rate for two years even though incoming students may pay an increased rate each year.

MBA Program Tuition & Fees for 2022-2023

Students Who Start in Autumn 2022

Quarterly Tuition Quarterly Fees* Tuition & Fees per Academic Year (3 Quarters) Total Program Cost Including Tuition & Fees
Resident $12,464 $351 $38,445 $76,890
Non-Resident $18,358 $351 $56,127 $112,254
Other Estimated Expenses, Based on 2020-2021 Estimates** Per Year (12 month) Estimate
Room and Board $21,248***
Books $1,500
Local Transportation $1,728
Personal Expenses $3,020
MBA Association Membership Dues (paid once for two years) $415
Estimate of MBA Club Dues (paid once for two years) $200
Health $2,500

*The quarterly fee is subject to change yearly and may change your overall cost.

**Information courtesy of the office of Student Financial Aid.

***Assumes 1 bedroom, solo occupancy. Rental rates may vary depending on housing situation.

For more information on the breakdown of tuition and fees, click on the resident or non-resident links in the table above. For a complete summary of tuition charges and associated fees, visit the University’s Tuition Overview website.

Financing Your MBA

Tuition and fees for the Foster MBA program and the related living expenses represent a significant investment. The average student covers the cost through a combination of educational loans, scholarships and other funding sources.

Merit-based Scholarships

  • Domestic and international candidates are eligible.
  • Priority is given to candidates who apply during the first two application rounds.
  • No scholarship application is required. All candidates are automatically considered for scholarships.
  • Incoming student scholarships are awarded based on factors considered in your application, including GMAT or GRE score, GPA, professional experience and your admission interview.
  • Considering the same factors, Foster may award any of the following merit-based fellowships to our most competitive, qualifying applicants:
  • If you would like to be considered for the ROMBA Fellowship or Forté Fellowship, we recommend you indicate your qualifications and interest in these fellowships through the optional essay # 4 on Diversity, Equity and Inclusion.

Foster may consider need-based scholarship funding for students who enroll in the Full-Time MBA program. Students must complete the Free Application for Federal Student Aid (FAFSA) to be eligible for need-based scholarship awards.

In addition to Foster School scholarships, students are encouraged to research external scholarship opportunities:

Women and Other Underrepresented Minorities

You can find a list of scholarship opportunities offered by Foster and outside resources on the Diversity Resources section of this website.

International Students

If you are seeking other sources of aid, you may want to consider international programs such as Fulbright, Muskie Fellowships and the American Association of University Women’s International Fellowships, and other 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 as well as assistance with applying to US schools, the visa process, and preparation for US study. Please consult EduPASS for general financial aid information and tips for international students.

U.S. Veterans and Spouses/Children of U.S. Veterans

The University of Washington participates in the Post-911 GI Bill Program, under which veterans may qualify for a partial tuition waiver and GMAT or GRE exam fee reimbursement. Please view the U.S. Department of Veteran Affairs website for details on requesting reimbursement for exam fees. Additionally, Foster MBA students are encouraged to apply for the Tillman Military Scholars Program, and Military MBA Scholarships.

Military Benefit Resource Links

Looking for more scholarship opportunities? You can search the scholarship database prepared by the UW Office of Merit Scholarships, Fellowships, and Awards for scholarships open to graduate students. You can also read more about third party MBA scholarships on Accredited Schools Online.

Domestic Foster School of Business MBA students may qualify to borrow up to $20,500 per year through the Stafford/Ford loan programs. If you are offered admission to the Foster MBA Program and your FAFSA is approved, the University of Washington will provide you with a financial aid eligibility letter and a promissory note asking how much of the $20,500 annual maximum you wish to borrow.

The Stafford/Ford programs are based on these eligibility criteria:

  • U.S. citizenship or Permanent U.S. residency
  • Not in default on a prior federal student loan
  • Must have registered for the draft if required by law to do so

Please see the Student Loan Guide for information on eligibility and application for the Stafford/Ford loan program and as well as the Federal Direct Graduate PLUS Loan (GPLUS) loan program.

Free Application for Federal Student Aid (FAFSA)

To receive federal student aid including government loans, all U.S. citizens and eligible non-citizens must file a FAFSA (Free Application for Federal Student Aid) The FAFSA is also used to determine eligibility for UW Family Housing and Childcare Assistance as well as need based scholarships for second-year Foster School of Business students. International applicants without a SSN are not eligible to file the FAFSA. See the help section of the FAFSA website if you need assistance determining eligibility.

Complete the FAFSA, with these guidelines in mind:

  • The FAFSA form is available starting October 1st. Please submit the FAFSA as soon as possible.
  • List “University of Washington-Seattle” Code 003798 in the School section.
  • Submit the FAFSA form by the priority deadline: January 15

Although you may apply after the priority deadline, the later the FAFSA is submitted, the less likely it will be processed in time for consideration for a Foster School of Business need-based scholarship. Students who file after the priority deadline may work with the UW Office of Student Financial Aid to receive loans and other aid.

Private loans are yet another resource available to cover your educational expenses. 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 also want to investigate private educational loans available from their home countries.

You are encouraged to do independent research and can borrow from any lender you prefer.

Incoming students are strongly encouraged not to work during the first academic year of the Foster MBA program. Most students pursue a paid summer internship. Some second year students pursue on-campus part-time work such as positions with MBA Admissions or as teaching assistants. Teaching Assistantships at Foster or other schools on the UW campus (approximately 16 hours per week), earn a monthly stipend of around $3,000. Other second year students pursue paid part-time work opportunities off campus in an industry or function relevant to their post-MBA goals.