Tuition and Fees

Making the decision to continue your education and advance your career is a significant one, and one that involves both time and financial investment. Millsaps is committed to helping you navigate through the process of applying for financial aid, both federal and state, and loans, grants, and scholarships. Contact us to get started!

Academic Year 2019-2020

Graduate Tuition  
MBA/MAcc Tuition $982/graduate hour
Comprehensive Fee $20/graduate hour
Note: Most graduate courses are 3 hours.  
Executive MBA Tuition $55,000 (full program)

Estimated expenses for full-time MBA and MAcc graduate students (based on full-time enrollment) during the 2019–2020 school year are:

  • Tuition and fees—$24,048.
  • Books—$1,200.
  • Living expenses (approximate)—$16,126.

Annual Application Process for Scholarships and Loans

Annual applications are required for processing of graduate scholarships and/or loans at Millsaps. Please complete this information as accurately as possible and return the signed application to the Office of Financial Aid. The standard application below is used for fall and spring academic terms. Separate applications for Winter session and Summer term scholarships and loans are available from the Office of Financial Aid. The Financial Aid application process includes the following steps:

  • Complete Admission credentials for the Else School of Management. Financial aid awards will be made only to students who have been accepted for admission.
  • Submit the appropriate application for Graduate Financial Aid with accurate projections of hours to the Office of Financial Aid. Submit the 2019–2020 Application for Graduate Scholarships and Federal Direct Loans for the fall 2019 and spring 2020 terms. Contact the Office of Financial Aid to request applications for winter session or summer terms. Reach us toll-free at 1.800.352.1050, call us at 601.974.1220, or contact us by email:
  • File the Free Application for Federal Student Aid (FAFSA) at is required only for Federal Direct Loans. Submit the 2019–2020 FAFSA to apply for aid for academic terms from fall 2019 through summer 2020. Students may request an FSA ID at to use as an electronic signature on the FAFSA.
  • Complete a Master Promissory Note for Federal Direct Loan. If you did not have a loan at Millsaps during the prior academic year, log on to with your FSA ID and complete the appropriate Master Promissory Note. Unsubsidized loans and graduate PLUS loans require separate Master Promissory Notes.
  • Complete online entrance counseling for Federal Direct Loan. If you have not previously received a Direct Loan at Millsaps College, log on to with your FSA ID and complete online entrance counseling.


Scholarship Awards are made to graduate students who show an exceptional ability to succeed in the graduate business program. For detailed information, contact the Office of Graduate Admissions, 601.974.1253, or email The scholarships available to graduate business students are described below.

Coca-Cola Minority Scholarships
Each year 1 to 3 candidates are selected to receive this endowed scholarship. The award is based on merit and academic promise.

Coggin Scholarship
The Coggin Scholarship is the largest scholarship awarded to an MBA student. Each year, one candidate is chosen based on exceptional aptitude for graduate business study, involvement in college and community activities, and GMAT scores. The applicant is also asked to write an essay and participate in an interview process.

Dean’s Scholarships
This award is made to entering students who have exhibited outstanding leadership credentials. While the candidate’s academic record is considered, significant weight is placed on exemplary service to the academic, civic, or business community.

ELSE Scholarships
Charles and Eloise Else have endowed graduate business scholarships for the top scholars, awarded on the basis of merit. This prestigious award is made to promising scholars who display the highest degree of scholastic aptitude.

Jeanes Scholarships
Each year this scholarship is given to the Millsaps undergraduate student who is continuing into the Else School MBA or MAcc program.

Reed Scholarship
This scholarship is awarded to a female MBA student with a liberal arts background who has shown strong academic achievement and potential.

Scott Schild Endowed Scholarship
This award is given each year to a student showing interest in participating in the Summer European Program offered by the Else School of Management.

Employer Assistance

Many companies will reimburse tuition in whole or in part to an employee who successfully completes courses that bear a relationship to his/her job. Contact your personnel or employee training office to learn your company’s policy.


Federal Direct Loans

Any graduate student who is enrolled for six or more semester hours during a term is eligible to apply for Federal Direct Loans. These loans require submission of a FAFSA and have both annual and lifetime aggregate limits.  They may include unsubsidized loans and graduate PLUS loans.

Student Alternative Loans

To fill the gap between financial aid and cost of attendance, graduate students may pursue Alternative Loan Funding.

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