Financial Information

Most students pay for the program with personal funds, federal loans (U.S. students only), or private loans. A limited number of partial merit and need-based scholarships are available.

Costs

Estimated CostsAmount
Florida Resident Tuition*

Non-Florida Resident Tuition*
$15,921

$37,663
Professional Development Fee**$350
Required Global Immersion Experience$4,000

*Tuition (30 credit hours), based on Fall 2023 tuition costs:

  • Florida Resident: $530.69
  • Non-Florida Resident: $1,255.41

Tuition is due per semester (2 modules), two weeks after the start of classes, and is based on the number of credit hours for which you are registered in that semester. Tuition fees are subject to change between academic years. Refer to the University Bursar website for the most updated tuition fees.

**Students enrolled in Hough Masters programs pay a professional development fee which is used to develop key professional traits attractive to employers. Examples include team building activities, case competitions, career workshops, networking events, conferences and guest speakers. International students may pay a higher fee for workshops that address an introduction to the U.S. academic culture, working in teams, professional presentations and English writing skills appropriate for a business environment.

Scholarships

The MIB program offers a limited number of merit and need-based scholarships ranging from $500 to $5,000 each year. The scholarship application process for the 2024-25 academic year will be open from April 1 to May 1, 2024, for current and new incoming students.

  • Current students – Scholarship application instructions will be posted in the MIB program Canvas site by April 1st.
  • New incoming students – To be eligible to apply for scholarships, individuals must apply for admission by the Fall Early deadline (March 1st) and accept their admission offer by April 15th. Scholarship application instructions will be emailed after the program receives your admission response form.

We do not use Master’s level students to teach in our College, therefore we do not offer teaching assistantships or fellowships.

Florida Bright Futures recipients who graduated with their Bachelor’s degree in 7 semesters/105 credits or less may be eligible to apply remaining Bright Futures funding to the first semester of a graduate program. Contact your undergraduate financial aid adviser for more information.

Florida Pre-Paid students, before cashing out a pre-paid account, contact your undergraduate financial aid adviser for more information about using remaining pre-paid funds for graduate tuition.

Federal Student Aid and Loans

Most 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.

For questions, Email the Hough Financial Aid Advisors.

Connie Reed
Hough Hall 203
352.273.4960

Academic Common Market

Alabama, Arkansas, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, West Virginia

Are you a resident of one of these states?

The Academic Common Market enables students in the Southeast to pursue the Master of International Business (MIB) degree at the University of Florida at In-State tuition rates. This program, created by the Southern Regional Education Board (SREB), allows students from 16 Southern states to “study in a specialized field at an out-of-state college, while paying in-state tuition.” The MIB program is currently approved to offer tuition reciprocity for the MIB on-campus format to state residents of Alabama, Georgia, Kentucky, Maryland and Tennessee. Students from other SREB member states should contact the MIB program for more details about MIB tuition reciprocity in their state.

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.