How to Pay for Your Online MBA
Financial Aid, Tuition Assistance, and More
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
Tuition rates exclude 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:
Purdue is top ranked among public colleges that “pay off the most.”2
Purdue is also top ranked for quality and affordability.3
How to Pay 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.
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:
- Create an account (FSA-ID) at studentaid.gov/fsa-id/create-account/.
- Go to studentaid.gov/h/apply-for-aid/fafsa and click "Start Here."
- Add the requested information.
Be sure to enter Federal School Code 001825 to have your information sent to Purdue University West Lafayette.
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.
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:
- The 6 MBA Skills You’ll Learn to Support Your Career Goals
- What Can You Do With an MBA with a Specialization in Business Analytics?
- What Can You Do With an MBA With a Specialization in Innovation & Technology?
- What Can You Do With an MBA With a Specialization in Supply Chain Management?
- What Can You Do With an MBA With a Specialization in Leadership, Negotiation and Change Management?
Ready to Take Your Next Giant Leap?
NOTES AND CONDITIONS - PLEASE READ
1 Tuition rate excludes 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