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Hankamer School of Business
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Tuition and Financial Aid

Baylor University delivers an amazing return for your investment. We are committed to offering a high-quality education that is also accessible to students at all levels of financial need. With financial aid and scholarships available, our goal is to keep your costs low and your debt manageable. Take advantage of our pay-by-the-course option and get started on your Online MBA program today.

Tuition Breakdown

Rates for Fall 2024 and beyond.

Tuition (Per Credit Hour) 
Tuition Rate per credit hour$1,189
Total tuition cost$49,938

Fees

There is a $100 per-trimester administrative fee.

Financial Aid

Baylor offers online students the same financial aid opportunities offered to campus students. If you are interested in pursuing federal loan assistance, please complete the Free Application for Federal Student Aid (FAFSA) using Baylor’s Federal School Code 003545. Please be aware that your financial aid award package may take several weeks to be processed; therefore, filling out the FAFSA at time of application is encouraged.

Please click here for more information regarding financial aid. This website features a financial aid checklist and instructional videos on filling out the FAFSA and obtaining federal loans. If you have any questions, please contact the Student Financial Aid Office.

Scholarships

We are committed to helping motivated students find the resources they need to reach their educational goals and realize their dream. The Online MBA program offers five scholarships, each worth $5,250; however, students are not eligible to receive more than one. If applicable, a scholarship is awarded at the time of admission. If a student is awarded a scholarship, students will receive it as $125 per credit hour enrolled, for a maximum total of $5,250.

Dean’s

Awarded to outstanding applicants based on an undergraduate cumulative grade point average (GPA) of 3.75 or higher on a 4.0 scale.

Baylor Alumni

Awarded to Baylor Alumni applicants whose undergraduate cumulative grade point average (GPA) was a 3.25 or higher on a 4.0 scale.

International Fellows

International Fellows Scholarships are awarded to applicants each entering term based on a combination of two requirements: 1. Achievement in undergraduate studies based on a cumulative GPA of 3.25 or above on a 4.0 scale and 2. Four or more years of qualifying international experience to include international managerial experience outside the U.S.; or management of an international business while being based in the U.S.; or international missionary experience with a management component. Applicant must provide proof of qualifying international experience. The continuation of the scholarship is contingent upon maintaining an overall GPA of 3.0 in the MBA program.

Military

Military Scholarships are reserved for students entering the Baylor Online MBA program who have served in the military (active duty and veterans). Military identification or proof of prior service must be presented to qualify.

Affiliate Partner

Scholarships may be available to students who qualify through their company. Please check with your Human Resources department to determine eligibility.

To determine if your company is on our affiliate list, please email grad_business@baylor.edu.

Endowed Scholarship

The Online MBA program is excited to offer our new students one of two scholarships to be applied to their first term of enrollment. This scholarship can be used in combination with any of our other scholarships (Dean's, Alumni, Affiliate Partner, Military, or International).:

  • Need Based:  $2,000 - $3,000 Scholarship
  • Non-Need Based:  $1,500 Scholarship
Minimum Requirements
  • Admitted to the Online MBA program
  • File the 2025-2026 FAFSA* for the need-based scholarship only
Additional Preferred Qualifications
  • Admitted for Fall A 2025
  • 5 years entry-level management experience
Important Dates

Application Open: May 15, 2025
Application Deadline: July 15, 2025
Applicant Notification: Aug 1, 2025

* FAFSA must be completed by 7/25 to ensure consideration

Apply Now

NOTE:  You must have started an Online MBA application to apply.

Refund Schedule

Once you start classes, there is a limited time to receive a tuition refund if you choose to withdraw from class. Please review the refund schedule below to determine the refund amount available during each class day.

Before Day 1Day 1 (Monday)Day 2 (Tuesday)Day 3 (Wednesday)Day 4 (Thursday)Day 5 (Friday)
100%90%70%50%30%0%

Contact Us

Apply Now

grad_business@baylor.edu
(254) 710-3999

Hankamer School of Business

Paul L. Foster Campus for Business and Innovation
1621 S 3rd St.
Waco, TX 76706

One Bear Place #98001
Waco, TX 76798

(254) 710-3411
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