Online MBA Tuition & Financial Aid

The Carlson MBA Program provides academic grounding, hands-on experience, and global connections that can translate into new opportunities and long-term career growth. The cost of your education is determined by the number of credits you need to graduate. Graduation credit requirement is 52 credits.

2022-2023 Tuition




Per Course $3,320 for a 2-credit course
$4,980 for a 3-credit course
$6,640 for a 4-credit course
Additional Information These figures do not reflect student fees, books, course materials, or other incidental costs such as parking. Tuition levels are set by the Board of Regents in July of each year. Rates are subject to yearly increases.

Semester Fees

Collegiate fees $290 

Academic Records Fee

A one time academic records fee of $150 will be charged to all students during the first semester of the program. 

Tuition Deposit

Candidates will pay a $200 (non-refundable) tuition deposit after confirming attendance. The fee will later be applied to the student's University tuition bill. All Online MBA candidates are required to attend an in-person orientation at the kick-off of the program. Lodging can be provided to students at their own expense.

Books and Course Materials

The estimated cost of books and course materials is approximately $200/class.

Financial Aid

Some employers offer reimbursement programs for employees who enroll in the Carlson MBA Program. To cover additional expenses, the University of Minnesota's office of student financial aid provides federal educational loan programs.

To apply for financial aid, complete the Free Application for Federal Student Aid (FAFSA). You may complete it anytime; the University will process the application after you have been admitted. The University of Minnesota FAFSA code is 003969.

If you have questions about loan programs, contact Jim Parker (612-626-0750 or, our Carlson MBA financial aid representative.

External Scholarship Resources

Online MBA may have a limited account of one-time scholarships for exceptional students of about $5,000. Scholarship review is a part of the admission review process. If selected for an award, the candidate will be notified at the time of admission. These scholarships may not be available for every year or term.
Students are typically employed during the program so we encourage students to use a few strategies:
1) Take advantage of employer tuition benefits. Many companies are willing to contribute $5,250 annually. We encourage candidates to have a conversation with their supervisor or HR to understand their companies’ employer tuition benefit.
2) Consider moving through the program more slowly as the program is on a pay-per-credit tuition model. This could allow you to maximize annual benefits, as well as stagger personal contributions
3) Use personal savings.

We encourage all MBA applicants to explore external scholarship opportunities to support your MBA experience. Below is a selection of sample external scholarships with links to information on their requirements and applications. This list is not all-inclusive.

Contact - Online MBA