Rotunda in autumn

Tuition & Fees

How Much Does the Program Cost?

The University of Virginia's budget for tuition and living expenses for the 2020-2021 academic year is set by the Board of Visitors in February 2020. The following breakdown is for the 2019-2020 academic year, provided to help plan for the full cost of attending the M.S. in Commerce Program, and is based on University-approved allowances for living expenses incurred during the academic year.  

Cost of Attendance 2019-2020
​Out-of-State & International ​
Tuition and Fees $47,156 $53,538
       Tuition       $39,500       $45,200
       Global Immersion Fee       $4,606       $4,606
       University Fee       $2,900       $3,582
       Commerce Activity Fee       $100       $100
       Student Activity Fee       $50       $50
Books and Supplies $2,500 $2,500
Living Expenses $17,766* $17,766*
Insurance $2,830* $2,830*
Travel (airfare, visa fees, etc.) $1,500-2,000** $1,500-$2,000**

 ​*Estimated for the 2019-2020 academic year and subject to change. Rent and utility figures are calculated for a single student sharing a two-bedroom apartment. This budget does not include allowances for car payments, undergraduate debt, or consumer and other types of personal debt. The typical living costs budget is expected to increase by approximately 3% for 2020-2021. Estimated cost if insurance is purchased through UVA. Students may be covered under a parent’s policy or a personal policy. If this coverage meets minimum requirements, then the UVA policy may be waived in July.

**In addition to the Global Immersion Fee, students are expected to cover the cost of round trip airfare to and from the chosen destination, as well as the cost of obtaining any required travel visas.