How to estimate cost of a course when price is quoted per semester but program has three semesters? I'm looking to get an MBA at University of Texas at Austin. I'm planning on working full-time while going to school, so I'm interested in their Evening MBA program.

I'm trying to understand costs. According to their website, the program takes 2.5 years to complete, that's equivalent to 5 semesters. The program costs $15,320 per semester, which should mean that the total program costs $76,600.

However, on this page they have 3 semesters per year, which doesn't make any sense to me. Add up all those numbers together, and you end up with a total cost of $107,240.

So which one is it? Is a semester not really a 6-month period in academic lingo?
The program is designed to include two summers.  Spring, summer, fall, spring, summer, fall, spring.  That's two full years (spring, summer, fall constitutes one year) plus an extra spring semester. Here's the tuition cost for the 2019 cohort.

Here's the actual schedule in PDF format for the 2019 cohort.

What @SeanRoberson said is true in general but is irrelevant in this case.

$107,240 is correct.

(May I suggest you talk to their advising people to find out how feasible it is to work full time while enrolled in their program?)