Tuition and Financial Aid
Professional Evening MBA
Boston University offers a number of financial aid programs to help you pay for your graduate education. Although the benefits are immeasurable, business school is a venture that should be planned carefully and strategically. The long-term financial obligation of your graduate education requires budget planning. The School of Management encourages you to begin preparation far in advance of applying.
Our purpose is to help you reach your educational goals by assisting and guiding you through your financial aid process. For your convenience, we have a Financing Your MBA (pdf) guide available.
| Professional Evening MBA Tuition |
| Tuition |
$18,944*
($1,184 per credit) |
| Fees * |
$150 |
| Books and Supplies (Estimated) |
$784 |
| Room and Board (Estimated) |
$11,808 |
| Incidentals (Estimated) |
$4,394 |
Total Educational Expenses* |
$36,080 |
| * Tuition and fees are subject to change without notice. |
This tuition assumes 16 credits over the course of the 2009-2010 academic year.
Massachusetts law requires all students who carry at least 75 percent of the fulltime curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University's student health insurance plan. The cost of BU Medical Insurance for the 2008-2009 academic year is $1,466.
Federal Financial Assistance
If you are a US citizen or permanent resident, you are eligible to apply for one or all of the following programs:
Federal Direct Stafford Loan
The Federal Direct Stafford Loan Program provides low-interest loans to US citizens pursuing graduate education. The maximum loan eligibility is $20,500 per academic year. The interest rate is fixed at 6.80%.
Federal Perkins Loan
The Federal Perkins Loan is a low-interest loan awarded to full-time students who demonstrate the highest financial need. The typical award is $3,500 per academic year due to limited funding. The interest rate is fixed at 5.0%.
To apply for federal financial assistance, you must submit the following:
- Obtain a PIN (Personal Identification Number) from the Department of Education website. You will need a PIN to complete the FAFSA.
- Complete the 2009-2010 Free Application for Federal Student Aid (FAFSA) online. Boston University’s school code is 002130.
- Complete the GSM Application for Federal Financial Aid (pdf) and submit it to the Graduate Programs Office via drop off, mail or fax.
Private Education Loans
US citizens, permanent residents, and international students can finance business school with private education loans. US citizens and permanent residents who qualify as creditworthy do not require cosigners. International students, however, must apply with a creditworthy US citizen or permanent resident with a US-based address. For more information about lenders in the rapidly changing loan environment, please visit BU's Alternative Financing Options website.
Private Scholarships
Many state and private organizations offer scholarships to students who demonstrate academic excellence. The Graduate Programs Office encourages you to apply for all external scholarship opportunities. View a list of External Resources.
Veterans Benefits
Veterans and military personnel are eligible for educational assistance. If you are interested in taking advantage of this assistance, please contact 1-888-GI-BILL (1-888-442-4551) and speak with a Veterans Benefits Counselor or visit the GI Bill website.
