See tuition cost and details on our Tuition & Financing page.
About 80% of Professional MBA students receive some reimbursement from their employers, either full or partial. In most of these cases, employers require proof that you've completed the class with a satisfactory grade before they reimburse the tuition. If this applies, you can defer your tuition payment until the semester's end.
Employer reimbursement deferred payment
To take advantage of this benefit, you need to complete the Employer Reimbursement Deferred Payment Agreement, located on the University Billing Office website.
Important information for students utilizing deferred payment:
- There is a $35 fee for deferral that must be paid in full by the normal U-Bill due date.
- Your employer is required to complete and sign the bottom portion of the form.
- The form can be faxed, emailed, or sent in U.S. mail.
- Submit the form before the first U-Bill is issued; after that, late payment fees may apply.
- A new agreement must be submitted each time the previous agreement expires.
- Your U-Bill must be paid by the due date, approximately 30 days after grades are posted in MyUI, regardless of your employer's reimbursement timing.
As a veteran or active-duty service member, you’re entitled to getting your GMAT or GRE test-taker fee reimbursed by the V.A. (requires GI Bill eligibility). If you intend to use veteran education benefits, get assistance through the Office of GI Bill Services at 319-335-3895 or by email at firstname.lastname@example.org.
Federal & private loans
Fully admitted U.S. citizens and permanent residents can typically secure federal aid through the University of Iowa Office of Student Financial Aid. If you plan to go this route, you’ll want to complete the Free Application For Federal Student Aid (FAFSA) well in advance of starting classes.
MBA students also have access to a growing number of private loans, including home equity loans. Contact your bank and research your options; terms and conditions for these programs vary.
Payment options and payment plans
In addition to the deferred option described above, there are several ways to pay your tuition bill, from automatic deduction to installments. See all the options on the University Billing Office website.