Tuition and Financial Aid

Tuition for the 2019-2020 academic year is $1,330 per credit hour. This rate begins with the July 2019 term.

The total tuition cost is not due up front. Tuition payments are broken down by term. Students are only responsible for paying for the courses in which they are enrolled for the term. Students are also responsible for any immersion travel expenses and fees, which are not included in the cost of tuition.

2019–2020 Tuition

Program Path Total Tuition Cost
Foundational Online MBA Program $47,880–$59,850*
Accelerated Online MBA Program $41,895–$51,870*
One-Year Online MBA Program $39,900–$41,895*
Master of Business Analytics Program $43,890*

*Based on 2019-2020 cost of $1,330 per credit hour

MBA@Dayton Program Paths

The MBA@Dayton admission committee tailors your program path based on your academic and/or professional experience, so you may qualify to have some or all of your foundation courses waived. The foundational path requires 36-45 credits; the accelerated path requires 31.5-39 credits; and the one-year path requires 30-31.5 credits to earn your degree.

If you choose to pursue a concentration, you will take an additional three-credit elective course at the cost of $1,330 per credit hour.

Financial Aid

U.S. citizens and permanent residents are eligible to apply for federal financial aid programs, which include federal student loans. We encourage MBA@Dayton and Analytics@Dayton candidates to apply for financial aid as early as possible.

You must be registered for a minimum of three credits in order to qualify for financial aid on a term basis. Students who choose to take a less accelerated path toward completion of the degree should be aware that this will impact federal financial aid eligibility.

International candidates should explore funding options in their home countries. While some companies may not advertise that financial support is available, many employers offer tuition benefits, including tuition reimbursement and low-cost loans. Candidates should schedule a conversation with their employer to discuss their professional development goals. Based on each candidate’s country of residence, they may also have access to education loans through private lenders.

How to Apply for Financial Aid

If you plan to apply for financial aid to help fund your online studies at University of Dayton, you will need to complete the following steps.

Applying for PLUS Loans

Contact a financial aid counselor to evaluate your need for additional funding through sources such as a Federal Direct Graduate PLUS Loan from the Department of Education or alternative loans from various private lenders.

  • Prior to borrowing through the Federal Direct Graduate PLUS Loan Program, or any additional private/alternative loan, you may need to review credit reports for potential issues. Contact any of the following credit bureaus for information: Experian, Equifax, or TransUnion.
  • To apply for the Direct Graduate PLUS Loan, complete the credit application PLUS loan request online.

When You Are Admitted

Upon enrollment to a University of Dayton program and successful completion of the federal financial aid requirements, you will receive an email in your University of Dayton email account directing you to Porches, which is our student portal.

  • If you are awarded, and accept, a Direct Unsubsidized Loan, complete entrance counseling and electronically sign the Master Promissory Note (MPN) online.
  • Your financial aid award package will reflect all loan eligibility, which may include a Direct Graduate PLUS Loan. If you are awarded a Direct PLUS Loan, and choose to accept, you must not have adverse credit history and complete an application and appropriate MPN for this loan. If declined for the Direct Graduate PLUS Loan, you can reapply with a co-signer (endorser) or appeal the denial through the Department of Education.

For more information regarding financial aid for MBA@Dayton or Analytics@Dayton, visit the graduate financial aid page.

If you have any questions about tuition and financial aid at University of Dayton, please email us at financialaid@onlinemba.udayton.edu.

Tuition and Financial Aid FAQ

Tuition and Billing

How much is the enrollment deposit?

A nonrefundable $400 tuition deposit is required prior to enrollment.

Can I use financial aid to cover the deposit?

Federal student aid cannot be used to pay the deposit.

Will I be able to view my award package before submitting the deposit?

To view your award package in your student portal, you must be enrolled. For additional details please contact the University of Dayton Office of Financial Aid. 

When will I receive a tuition bill and when is payment due?

Tuition bills are prepared on the 1st of the month with your payment due on the 22nd of the month.

How do I pay my bill? (Electronic debit, check, money order, etc.?)

You can pay your bill online directly through My Payment Center, which can be found on Porches. Go to Porches, select Flyer Student Services, then go to My Payment Center. You may use:

  • An e-check — ACH
  • A credit card (A convenience fee is required.)

You may also mail a payment check to the processing center listed on your bill. If you are local to the University of Dayton, you may pay in person during normal business hours at St. Mary’s Hall, Room 108. You may use:

  • A check
  • Cash

How does my employer go about paying the school?

Your employer should use the same methods discussed under “How do I pay my bill?” If your employer is reimbursing you for tuition costs, we offer an Employer Deferred Tuition Reimbursement Plan. For questions, please contact Kathy Ferguson between 8:30 a.m. and 4:30 p.m. Monday through Friday:

Email: Kferguson1@udayton.edu
Phone: Phone Number: 937-229-4113 or Phone Number: 1-800-259-7117
Fax: 937-229-4117
Office: 108 St. Mary’s Hall, 300 College Park Drive, Dayton, OH 45469-1600 

Does Dayton offer payment plan options?

No, payment plans are not available.

Will my registration be cancelled if the bill is not paid when classes begin?

Your registration will not be canceled if the bill is not paid when classes begin. You will, however, have a hold on your account, which will prevent registration and access to official transcripts, and you will be responsible for a 1 percent monthly interest charge on the remaining balance until it is paid in full.

What is the process if I am eligible for a refund?

Credit balances resulting from loans or financial aid awards are available for refunding after the first week of the semester. You may sign up online for direct deposit of refunds, otherwise checks will be mailed to your permanent address on file. Instructions are on the Flyer Student Services website. 

Who can I contact at Dayton for billing and payment questions?

All billing questions can be answered by Office of Student Accounts.

Financial Aid at Dayton 

Are internal scholarships available for this program?

Students may qualify for select competitive awards offered by the University of Dayton or can identify private independent scholarships for which they can apply separately from the admission application or the federal aid process

Are there any school-specific supplemental financial aid forms I need to complete?

If you plan to apply for federal student aid, you will need to complete the Free Application for Federal Student Aid (FAFSA) and Entrance Counseling, then electronically sign the Loan Agreement Master Promissory Note (MPN) for your loans to disburse. Complete Loan Counseling at StudentLoans.gov.

What is the minimum number of credits required to receive federal student aid?

MBA@Dayton and Analytics@Dayton students must register halftime, which is a minimum of three credits, to receive student aid each semester. Students must complete 75 percent or more of their attempted credit hours while maintaining a B (3.0) minimum GPA.

Once admitted, how long will it take to receive my FA award package?

Financial aid awards are typically prepared within three to five business days after admittance, if a FAFSA is on file for the year.

How will I receive my financial aid award letter?

You will receive an email in your University of Dayton email account directing you to Porches, which is our student portal.

How do I accept my student loans?

For your loan to be officially disbursed, you must sign your award letter and Loan Agreement (MPN) and Entrance Counseling must be completed online after accepting the loan. You will need to use your federal student aid ID and password to access the site and complete the required paperwork. Award letters will not go out to students unless the MPN and Entrance Counseling are completed.

Am I required to accept the full amount that I am offered on my award letter?

No, you can choose to accept all, part or none of your financial aid award.

Does my Direct Loan eligibility cover the entire cost of the program?

Assuming you are eligible for both the Direct Unsubsidized Loan and the Direct Graduate PLUS Loan, the aid will cover the current academic year in which you are enrolled.

How soon will loans disburse to my student account?

Federal student loans do not disburse earlier than 10 days prior to the start of classes.

Can I use loans to cover additional expenses (housing, books, supplies, etc.)?

The cost of attendance budget includes funding for books and technology expenses, as well as a moderate amount that can be used for living expenses. If you borrow to cover expenses beyond tuition and fees, which would be reflected on your tuition bill, keep in mind that refunds are disbursed in compliance with federal regulations. Students are encouraged to borrow responsibly. Remember, you can borrow less than what is offered, and you should only borrow what you need.

Can I use loans to cover immersions?

There may be fees associated with immersion courses. If you have eligibility for additional loan funds/refund, you are able to use those resources to cover immersion expenses.

Who can I contact at Dayton for financial aid questions?

If you have any questions about tuition and financial aid at University of Dayton, please email us at financialaid@onlinemba.udayton.edu.

FAFSA

What is the FAFSA?

The Free Application for Federal Student Aid (FAFSA) is the application the Department of Education uses to determine if you are eligible to receive federal student aid.

Where can I find the FAFSA?

The FAFSA is available online at FAFSA.ed.gov. The FAFSA is a FREE application; you will not be asked to pay.

What is the University FAFSA school code?

The Dayton FAFSA school code is 003127.

Do I need my parents’ tax information to complete the FAFSA?

If you are applying for graduate school, you are considered an independent student and do not need to include your parents’ information to complete the FAFSA.

What is the Expected Family Contribution (EFC)?

The Expected Family Contribution (EFC) is the amount that you are expected to contribute toward your educational costs as an undergraduate/dependent student. Graduate and professional students are considered independent for the purpose of federal student aid; therefore, income and need are not analyzed to determine eligibility, and you are not required to report parental information on the FAFSA.

When should I complete the FAFSA?

The FAFSA is available every October for the upcoming academic year. If you are planning to use federal student aid, you should complete your FAFSA while applying for admission. The FAFSA must be completed each academic year in order to remain eligible for federal student aid.

What constitutes an academic year for federal student aid?

An academic year is the year for which financial aid is used to fund your education. Generally, this is the 12-month period that begins on July 1 of one year and ends on June 30 of the following year.

What federal student aid is available to graduate students?

The types of federal student aid graduate students are eligible to apply for include the Federal Direct Unsubsidized Loan and the Federal Direct Graduate PLUS loan. Learn more about the types of federal student aid.

Will I need to fill out the FAFSA each year?

Yes, you will need to complete the FAFSA for each academic year in which you plan on applying for federal student aid.

Why am I not eligible for the Pell Grant or Federal Subsidized Loan?

The Department of Education awards Federal Pell Grants and Subsidized Loans to eligible undergraduate students who have not yet completed their bachelor degrees and who demonstrate financial need. The Department of Education does not evaluate need nor income for loans at the Graduate/Professional level. Therefore, graduate students are not eligible for the Federal Pell Grant nor the Direct Subsidized Loan.

Direct Unsubsidized Loans

What criteria is used to determine eligibility for federal student aid?

The Direct Unsubsidized Loan is not based on income. In order to apply for federal student aid, you must:

  • Be a U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service, if you are male (must register between the ages of 18 and 25)
  • Be enrolled or accepted for enrollment in an eligible degree program
  • Be enrolled at least half-time in an eligible program
  • Maintain satisfactory academic progress
  • Not currently be in default on previous student loans borrowed through FSA
  • Not have exceeded the maximum aggregate loan limit

Learn more about federal student aid eligibility criteria at StudentAid.ed.gov.

What if I am currently in default or have defaulted on a prior federal student loan?

Visit the National Student Loan Data System (NSLDS) and contact your lender for details on how to clear the default. Students in default are not eligible for additional federal loans until the default is cleared.

What is the aggregate loan limit?

The aggregate loan limit is total amount that you may borrow for undergraduate and graduate study. In addition to borrowing limitations based on the cost of attendance for the program, students are also limited in terms of lifetime borrowing. The aggregate loan limit for all federal loans, including undergraduate and graduate study, is $138,500. You can learn more about aggregate loan amounts on the Federal Student Aid website.

How do I find out if I am near my aggregate loan limit?

You may visit the National Student Loan Data System website to view your federal student loan borrowing history. Please note that private education loans are not listed on this site.

What is the difference between a Direct Unsubsidized Loan and a Direct Subsidized Loan?

Direct Subsidized Loans are available to undergraduate students with financial need. The U.S. Department of Education pays the interest on subsidized loans while students are enrolled in their undergraduate programs. The Direct Unsubsidized Loan are available to undergraduate and graduate students; there is no requirement to demonstrate financial need. The Unsubsidized loan begins accruing interest as soon as funds are disbursed. Learn more about the difference between unsubsidized and subsidized loans.

How much am I eligible to borrow in a Direct Unsubsidized Loan?

Most graduate level students are potentially eligible to receive up to $20,500 per academic year in a Direct Unsubsidized Loan. Learn more about graduate annual loan limits.

How do I apply for a Direct Unsubsidized Loan?

To apply for a Direct Unsubsidized Loan, you must complete and submit the Free Application for Federal Student Aid (FAFSA).

What is the current Direct Unsubsidized Loan interest rate?

The is determined at the beginning of each academic year and is available on the Federal Student Aid website.

Are there any additional loan fees for a Direct Unsubsidized Loan?

There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on Unsubsidized loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Direct Graduate PLUS Loan

What is the Direct Graduate PLUS Loan?

The Direct Graduate PLUS loan is a federal loan that graduate or professional degree students can use to help pay education expenses in addition to the Direct Unsubsidized Loan. Learn about Direct PLUS Loans.

What are the eligibility criteria to apply for the Direct Graduate PLUS Loan?

The Direct Graduate PLUS Loan is based on credit history. To be eligible to apply, you must:

  • Be a U.S. citizen or eligible noncitizen
  • Have a valid SSN
  • Be registered with Selective Service, if you are male (must register between the ages of 18 and 25)
  • Be enrolled or accepted for enrollment in an eligible degree program
  • Be enrolled at least half-time in an eligible program
  • Maintain satisfactory academic progress
  • Not currently be in default on previous student loans borrowed through FSA
  • Not have exceeded the maximum aggregate loan limit
  • Not have an adverse credit history

Do Direct PLUS Loans affect my aggregate loan limit?

Only Direct Subsidized/Direct Unsubsidized Loans (formerly referred to as Stafford loans) and federal loans made through the Federal Family Education Loan (FFEL) Program count towards your aggregate loan limit.

What are the credit criteria to receive the Direct Graduate PLUS Loan?

One of the eligibility requirements to receive a Graduate PLUS Loan is that you must not have an adverse credit history. A credit check is performed to determine whether a Graduate PLUS Loan applicant meets this requirement. A list of what constitutes “adverse credit history” can be found on the Federal Student Aid website.

How much can I borrow in a Direct Graduate PLUS Loan?

If approved for the Grad PLUS Loan, you can borrow up to the cost of attendance as determined by Dayton.

When can I apply for a Direct Graduate PLUS Loan?

You can apply for the Graduate PLUS loan within 180 days prior to the start of your program or once you are enrolled.

How do I apply for a Direct Graduate PLUS Loan?

The financial aid office will notify you of your financial aid eligibility once your file is complete. Review your financial aid award and decide how much of the Graduate PLUS eligibility loan you will need to cover your charges/expenses. Once you have made the decision to apply for the Direct Graduate PLUS Loan, visit studentloans.gov to complete the Direct PLUS Loan request.

What are my options if I am denied the Direct Graduate PLUS Loan?

If you are denied the Graduate PLUS loan, you may reapply with an endorser or follow instructions on the Department of Education’s website to appeal the denial.

What is the Direct Graduate PLUS Loan current interest rate?

The Direct Graduate PLUS Loan interest rate is determined at the beginning of each academic year and is available on the Federal Student Aid website.

Are there any additional loan fees for the Direct Graduate PLUS Loan?

There is a loan origination fee that is a percentage of the total loan amount. The loan origination fee is deducted proportionately from each loan disbursement you receive. Information on PLUS Loan origination fees can be found on the Interest Rates and Fees page of the Federal Student Aid website.

Loan Repayment

Do I have to repay my student loans while I am in school?

You are not required to pay on your student loans while you are in school as long as you are enrolled at least half time. Your unsubsidized loan will go into repayment six months after you graduate, fall below half-time status, take a leave of absence or withdraw from the program.

When do I have to repay my loan?

After you graduate, leave school or drop below half-time enrollment, you will have a six-month grace period before you are required to begin repayment. During this period, you will receive repayment information from your loan servicer, and you will be notified of your first payment due date. Payments are usually due monthly. You are not required to pay while in school; however, if you choose to, there is no penalty to prepay. Learn more about repayment timelines.

What are the repayment plan options and how do I select one?

The Department of Education (DOE) offers multiple options for repayment. You may visit the DOE website for more information on loan repayment plans.

Is there a repayment calculator or estimator that I can use?

Yes, visit the DOE website for repayment calculators.

Can I consolidate my graduate loans and my undergraduate loans?

A Direct Consolidation Loan allows you to consolidate (combine) multiple federal education loans into one loan including both graduate and undergraduate loans. The result is a single monthly payment instead of multiple payments. Learn more about loan consolidation.

Are there any loan forgiveness options available?

Please review the Department of Education website for more information on federal loan forgiveness programs

Military Education Benefits

How do I apply for military education benefits?

To begin the process of applying for eligible military education benefits, visit the U.S. Department of Veterans Affairs website.

What documents are required to process military education benefits?

Visit Vets.gov to complete the Education Benefits Application, which generates a request for the Certificate of Eligibility (COE). Once approved for benefits, the VA will mail the COE to you within six to eight weeks from submitting the application.

What is the difference between active and non-active duty?

Active Duty is in the military full time and is not currently eligible for the Yellow Ribbon Program (YRP). Non-Active Duty is someone who is not currently serving or no longer serving in any capacity of military service of the United states and is eligible for YRP if at 100 percent per the COE.

What are the eligibility factors for the Post-9/11 GI bill?

You are potentially eligible for this VA-administered program if you have at least 90 days of aggregate active duty service after Sept.10, 2001, and are still on active duty, or if you are an honorably discharged Veteran or were discharged with a service-connected disability after 30 days. Learn more about the Post-9/11 GI Bill.

What are the current tuition and fee payment rate and the Monthly Housing Allowance (MHA)?

The tuition and fee payment rate and MHA are determined at the beginning of each military academic year on August 1. The current rate table is located on the Education and Training page of the U.S. Department of Veterans Affairs site.

What is the Yellow Ribbon Program (YRP)?

The Yellow Ribbon Program allows degree-granting private colleges and universities in the United States to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed the annual maximum cap for the resident tuition and fees at public institutions. Veterans who are utilizing Post-9/11 GI Benefits and who are entitled to 100 percent of their benefit may be eligible. To participate in the Yellow Ribbon program, you must be using Post-9/11 GI benefits at 100 percent eligibility, not on active duty, and not a military spouse. Dayton participates in the Yellow Ribbon Program. There are a limited number of Yellow Ribbon awards available. Please find more information and the necessary application on the Dayton Yellow Ribbon page.

Who can I contact at the University for questions about using military education benefits?

Please contact a Flyer Student Services Counselor for questions about using military education or veteran benefits. You may email vetservices@udayton.edu for assistance.

Tax Benefits for Education

How do I qualify for a tuition tax credit?

For details on tax benefits for education, see IRS Publication 970: Tax Benefits for Education (PDF, 2.2 MB), which provides detailed information. The University of Dayton is unable to provide tax advice. We urge you to contact your tax advisor or the IRS — at Phone Number: 800-829-1040 — or to visit www.irs.gov if you have any questions regarding the HOPE or Lifetime Learning Tax Credits.

What is the 1098-T form?

It is an informational form filed by the University of Dayton with the Internal Revenue Service to report the amounts billed to you for qualified tuition, related expenses and other related information. The primary purpose of IRS Form 1098‐T is to inform you that we have provided this required information to the IRS.

What information is included in the 1098-T form?

Form 1098-T reports amounts paid for qualified tuition, scholarships and grants processed in 2019 to students enrolled in courses at the University of Dayton for which they receive academic credit. The information reported on the 1098-T form helps students evaluate whether they are eligible for an educational tax credit.

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