Financial Information
Most MAIB students will pay for the program with personal funds or with assistance from Federal (U.S. students only) or private loans. A limited number of partial merit scholarships are available.
Costs
All costs are estimated for the entire program, not a per month basis, based on Fall 2011. Please note that tuition fee estimations are subject to change between academic years, and usually increase by 10% annually. To find more information on tuition and annual expense estimations, please visit Admissions' Paying for College page.
| Amount | Estimated Costs / Expenses |
|---|---|
| $350 |
Professional Development Fee Total Program Tuition / Fees (30 credit hours), based on residency classification |
| $14,943 | Florida Resident Tuition Fees |
| or | |
| $35,235 |
Non-Florida Resident Tuition Fees Study tour tuition (2 credits) is charged at in-state rate, regardless of residency classification |
| $3,500 | Required Study Tour |
| $1,400 | Total Books & Materials |
| $7,000 | Housing |
| $4,500 | Food, transport, & other |
All costs are estimated for the entire program of ten months, based on Fall 2011 tuition costs:
- Florida Resident: $498.09
- Non-Florida Resident: $1222.81
Please note that the 2 study tour credits are charged at the in-state rate, regardless of residency classification.
Tuition
Tuition frequently increases just before each fall term; please plan on a 6-12% increase just to be sure you have budgeted enough.
Tuition is due per semester (2 modules), 2 weeks after the start of classes, and is based on the number of credit hours for which you are registered in that semester.
Study Abroad Finances
Students participating in exchange programs pay UF tuition, and all credits earned apply to the MAIB degree. Cost of living estimations for each exchange program are listed on each of our partner school description websites, located on the Foreign Study Programs page.
When investigating study abroad, remember to include cost of meals, housing, transportation, and any additional sight-seeing trips you may want to take.
Scholarships
Each year, the MAIB program is fortunate to have a small amount of money available for scholarships. The funds are used to help students pay for the study tour and costs associated with study abroad. The standard award is $2000, with a few outstanding students receiving an award of $4000. We are usually able to award scholarships to 8-10 of our MAIB students. There is no additional application process as qualified students are targeted in the admission process or soon after beginning the program.
Unfortunately, we are not able to award scholarships to non-U.S. Citizens or residents. Students must seek their own sources of funding.
We do not use Master's level students to teach in our College, therefore we do not offer teaching assistantships or fellowships. However, to reward one or two truly outstanding applicants who are not Florida Residents, we offer a work assistantship. This pays students a stipend per semester and enables them to qualify for the FL-Resident tuition rate. Again, these students are identified in the admission process and no additional application materials are required.
External Financial Aid Resources
- University of Florida Financial Aid Office
- Financial Aid for Graduate Students
- Graduate Fellowship Initiative
- External Fellowship and Assistantship Opportunities
- Center for European Studies: Foreign Language and Area Studies Fellowship information
- Center for Latin American Studies: Foreign Language and Area Studies Fellowship information
Applying for Federal Student Aid and Loans
Most MAIB students (U.S. Citizens/U.S. Residents) are eligible to receive federal loans. To apply for federal loans, you must complete the Federal Student Aid FAFSA Application.
You can get more details on the UF Financial Aid website.
Things to keep in mind:
-
The financial aid year starts in the fall term and goes through the following summer. Make sure that you apply for the correct year!
- For Summer B 2011 financial aid, you must complete the July 1, 2010‐ June 30, 2011 application.
- For Fall 2011 and Spring 2012 financial aid, you must complete the July 1, 2011‐ June 30, 2012 application.
- There is a small amount of grant money at the graduate level for students who complete the FAFSA, which is awarded first‐come first-served. Apply as soon as possible!
Please contact one of the Warrington College of Business Administration Financial Aid Counselors located in Hough Hall for loan/grant information. The MAIB program cannot assist you in this matter.
Connie Reed
Hough Hall room 203
Tel: 352.273.4960
Email (clreed at ufl.edu)
or
Gus Kreatsoulas
Hough Hall room 210A
Tel: 352.273.4961
Email (gkreatsoulas at ufl.edu)
International Students
International students: No federal or state loan or grant programs exist for international students. International students must be able to pay the cost of tuition and living expenses. Please refer to the UF International Center website for information regarding financial aid, tuition waivers, campus employment, etc. The MAIB office is unable to assist you with these issues.
