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Pros. Students

THE UNIVERSITY OF TENNESSEE MBA PROGRAM
FALL 2008 PROJECTED START-UP EXPENSES
ITEM
COST
TUITION AND FEES
    
 
In-State
Out-of-State

Prep Courses (optional 7/28/2008 - 8/1/2008)
Accounting, Finance, Statistics

Economics (afternoon of July 29, 2008)

$75/module or $200/all**

$50
Core I & Core II - Fall Semester (August 4, 2008)* - Classes start and tuition is due on this date.
$6,204*
$12,683*
Core III - Spring Semester*
$6,204*
$12,683*
Fall II*
$6,204*
$12,683*
Required International Trip for Domestic Students (optional for students on F1 Visa) - approximate cost
$2,500

$2,500

MBA Program Fees (to be paid in 2 installments directly to the MBA Program Office:

  • $500 Submitted upon acceptance of admission (non-refundable Seating Fee)***
  • $500 Submitted by July 1, 2008 (non-refundable Curriculum Enhancement Fee) ***
$1,000
$1,000
TOTAL
$22,112
$41,549
** Will not qualify for federal financial aid.
*** Covered by federal financial aid when proper documentation is presented.
SCHOOL EXPENSES
   
Textbooks and supplementary reading material
$900-$1,100 per year
Computer and peripherals (printer, etc.) (Student ownership of a laptop computer is required, and computer literacy is assumed in the UTK MBA Program prior to entry.)***
$2,000-$3,000
School Supplies
$400 per year
Commuter Parking
$155 per year
TOMBA Dues
$75 Lifetime membership
Internet Access (For Off-Campus Access to the UT Computing Center)
$38 per semester
LIVING EXPENSES
   

Rent (2 bedroom, off campus) (Range includes both University sponsored housing and privately owned apartments.)

Single students:$260-$650
Married Students: $260-$750

Electricity/Gas/Water Deposit
$100
Telephone Deposit
$75-$100
Insurance (renter's) Optional
$65-$120 per year
HEALTH INSURANCE
(offered by UT)
   
Student Plan (student only) optional for United States Citizens:
$583 per year
Insurance is required for all international students as soon as you arrive on campus, beginning with Core I.

*Note: Tuition rates may increase for fall 2009. Many of these figures are estimates and reflect a wide range. Each student's situation will be unique. In addition to these start-up expenses potential expenses to consider are moving expenses, rent deposit, costs of decorating an apartment, utilities (electricity, gas and water) telephone, entertainment and subscriptions to business periodicals or newspapers.

How you will finance your MBA is a big part of your decision-making process. You will need to arrange for financing your education early in the application process. The length of time needed to secure your financing will vary depending on the type of financial aide you are pursuing. All admitted applicants are automatically considered for merit-based MBA Program funded Assistantships/Fellowships. However, you should approach the process as if you will not receive merit-based funding. (Typical Graduate Assistantships will only cover tuition waivers in the amount of $3,131/semester in-state and $9,460/semester out-of-state.) The deadline for this is February 1.

The Financial Aid Office will only process need-based funding for United States Citizens. Excellent resources on additional educational funding may be found in libraries or bookstores. These resources will address loans, grants, fellowships, and other options. Additionally, university-wide-merit-based scholarships may be obtained through The Graduate School.

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