Your Investment in the Professional MBA

Miami Herbert is committed to making its degrees accessible to all qualified candidates. Paying for a graduate degree shouldn't stop you from reaching your goals. Here you’ll find basic information about this specific program’s costs, and how you can finance this degree.

The Professional MBA costs provided below are approximations. 

Expenses

21-month Program - 42 credits

Tuition: $2,170 per credit hour*

$91,140

Program Fee* 

$17,900

Estimated Total Cost of Attendance:

$109,040

*Academic Year 2020-2021

Program costs include: 
  • Required textbooks, cases, and academic materials 
  • Breakfast or evening dinner on class dates 
  • Access to our Information Resource Center, database, and journal reviews 
  • Guest speakers and alumni receptions 
  • Staff support during class 
  • Graduation ceremony and reception

An additional enrollment fee of $2,200 is required in order to save an admitted applicant’s seat in the respective program of acceptance. The fee supports graduate student services and is not applied toward tuition. It is non-refundable and non-transferable.

Paying for Graduate School

Understanding how to pay for your education now can help you build the foundation for a better financial future. Here are three simple steps to consider when financing your degree:

  1. Plan Early: Be sure to meet application deadlines. Start saving before you get to graduate school. Consider funding or using education savings (529) plans.
  2. Fill out the FAFSA application: Financial Aid is available to residents and US citizens, helping reduce expense outlays, by offering eligible applicants grants and/or repayable loans. It’s never too early to explore Federal aid.  When doing so, make sure you consider eligibility requirements, loan application deadlines and other implications, such as repayment conditions.
  3. Scholarship opportunities: All admitted applicants are considered for merit-based scholarship opportunities, and candidates are informed of the scholarship decision at the point of admission. The assessment criteria are the same as those used for the admissions decision but at a more competitive level. There is no separate application process for these scholarship awards. For information on scholarships, click here

International students are not eligible to receive federal financial aid, which includes Stafford and Perkins loans. However, international students may qualify for private loans if they have a U.S. co-signer. 

You're not alone in this process. The UM student financial services team is here to help and is dedicated to helping our students afford their graduate education. Below are helpful links as you navigate the financing of your degree:

The University of Miami is a proud participant of the Yellow Ribbon GI Education Enhancement Program. Visit the UM Office of Veterans Affairs for more information.

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