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How to Pay for Your Online MBA

Financial Aid, Tuition Assistance, and More

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Invest in Your Future

Competitively priced among top-ranked programs, the Purdue Online MBA offers high quality, exceptional value, and proven return on investment. Take a look at the various ways to pay for—and save on—your online MBA, including federal funding, employer tuition reimbursement, and military benefits.

Purdue Online MBA Tuition

You can spread tuition across 2 to 4 years depending on your pace and course load. We also offer installment plans so you can break your tuition into smaller payments.

Resident Status Cost per Credit
 Total Cost1
Indiana Resident $1,250.00 $60,000.00
Non-Indiana Resident $1,293.80 $62,102.40

Tuition rates include fees.

$1,000 nonrefundable deposit required; it is applied toward the first semester's tuition upon enrollment.

Return on Your Education Investment

Will your Purdue Online MBA pay off? Independent research says a Purdue degree is worth it:

#4 for ROI

Purdue is top ranked among public colleges that "pay off the most."2

#7 for Best Value

Purdue is also top ranked for quality and affordability.3

Paying for Your Online MBA

Employer Tuition Assistance

Realizing the value that employees with an MBA bring to their organization, many employers offer support to help you pay for your degree. Do you have any company-sponsored tuition programs available to you? Find out if your company offers education benefits such as tuition assistance, tuition reimbursement, or third party or sponsored billing. Since the program can be completed in two or more years, tuition can be spread across multiple fiscal years when applying your benefits.

Gain Your Company’s Support

If your employer doesn’t currently offer a tuition assistance program, we’ve created a guide to help you show them why it’s worth it. An investment in your education is an investment in their business.

Financial Aid

You can explore federal funding and other options to help finance your online MBA, such as:

  • Federal Direct Unsubsidized Loan
  • Federal Direct Graduate PLUS Loans
  • Private Educational Loans

It’s usually advantageous to look into federal loans first. You’ll find the information you need to get started at the studentaid.gov website. Your first step will be to complete a Free Application for Federal Student Aid (FAFSA). If you decide to look into private loans, elmselect.com is a good starting point to see a list of available lenders (you do not need to choose a lender from this list).

If you have questions, or if you want us to help you determine the best path to financing your MBA, we are here for you!

How to Submit a FAFSA

The FAFSA is the official application for federal student aid at Purdue University. It is also required in order to obtain certain government loans. Here’s how to submit yours:

Be sure to enter Federal School Code 001825 to have your information sent to Purdue University West Lafayette.

Questions? Contact Us!

Military Tuition Benefits

If you or a family member have served in the armed forces, you may be eligible for help paying for school. Purdue accepts a variety of military-related benefits, including the GI Bill®, Tuition Assistance and more. Dedicated to veteran and military students, our Veterans Success Center has information on enrollment certification, education benefits, application fee waivers and more resources for those who have served.

Tuition Reductions for Military

Tuition reduction is $6,000 off for Indiana residents and $8,102.40 off for nonresidents and applies to any U.S. servicemember (active duty/National Guard/Reservist) or U.S. veteran who has served and already separated, as well as spouses.

Final determination of eligibility is made by Purdue University. Online business program tuition reductions are not stackable or able to be combined. Students will receive only one tuition reduction.

Tuition Reductions

Full-Time Faculty and Staff

Tuition reductions start at $6,000 off for full-time faculty and staff at Purdue University West Lafayette campus. The Daniels School of Business will match up to an additional 10% of a department’s contribution in 5% increments.

Office of Personnel Management

Tuition reduction is $3,000 off for Indiana residents and $3,105.12 off for nonresidents and international students and applies to current Office of Personnel Management federal employees (civil service), spouses and dependents. Students must be currently employed by the federal government or be the legally married spouse or legal dependent (per IRS publication 501) of an employee.

Purdue Alumni

Tuition reduction is $3,000 off for Indiana residents and $3,105.12 off for nonresidents and international students for Purdue University West Lafayette alumni with a bachelor’s degree.

Final determination of eligibility is made by Purdue University. Online business program tuition reductions are not stackable or able to be combined. Students will receive only one tuition reduction.

Is an MBA Worth It?

Still deciding if your education is worth the investment? Watch this video to hear how fellow online business students see a return on their investment as they apply what they learn directly to their careers.

Discover more on our blog:

Ready to Take Your Next Giant Leap?

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NOTES AND CONDITIONS - PLEASE READ

1 Tuition rate includes fees. Tuition and fees are subject to increase based on approval by the Purdue University Board of Trustees. Financial aid is available to those who qualify.

2 #4 for ROI: CNBC Make It, on the internet at https://www.cnbc.com/2020/07/28/the-top-50-us-colleges-that-pay-off-the-most-in-2020.html

3 #7 for Value: The Wall Street Journal/Times Higher Education, on the internet at https://www.wsj.com/articles/college-rankings-list-2022-11632246093