Two-Year MBA & MS·MBA

The following tuition, fees, and other expenses have been established at Boston University School of Management for the 2014-2015 academic year.

To get started, we encourage you to explore the Financing Your MBA.

Tuition

Two-Year MBA Tuition
Tuition* $45,686
Fees* $736
Books and Supplies (Estimated) $1,574
Room and Board (Estimated) $12,310
Incidentals (Estimated) $4,370
Total Educational Expenses* $64,676
* Tuition and fees are subject to change without notice. Tuition rates listed above reflect the 2014-2015 academic year.

Looking to see tuition rates in another currency?  To convert the US dollar amounts into other currencies, such as Euros, Great Britain Pounds, Chinese RMB and Indian Rupees and see current exchange rates.

Massachusetts law requires all students who carry at least 75 percent of the full-time 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 2013-2014 academic year was $2,141.


Two-Year MS-MBA Tuition

The following tuition, fees, and other expenses have been established at Boston University School of Management for the 2014-2015 academic year. The MS·MBA tuition includes both the full-time tuition as well as tuition for the Summer session.

MS·MBA Tuition
Tuition $45,686
Fees $736
Books and Supplies (Estimated) $1,574
Room and Board (Estimated) $12,310
Incidentals (Estimated) $4,370
Summer Tuition $11,424
Summer Fees $40
Total Educational Expenses $76,140

Looking to see tuition rates in another currency? Convert the US dollar amounts into other currencies, such as Euros, Great Britain Pounds, Chinese RMB and Indian Rupees and see current exchange rates.

Massachusetts law requires all students who carry at least 75 percent of the full-time 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 2013-2014 academic year was $2,141.


Merit Scholarships

Boston University School of Management offers a variety of merit scholarship programs for qualified full-time students. Applicants
are notified of these opportunities in their initial offers of admission. A separate application for scholarship consideration is not needed, and the Admission Committee considers all admitted candidates for merit scholarship awards.

For the Fall 2012 entering class, 73 percent received scholarship  assistance with the average award exceeding $18,000 per year. Below is a list of the various awards currently offered by the School of Management.

Dean’s Scholarship

In our effort to attract the highest quality candidates from around the world, the Dean’s Scholarship program provides a minimum of 30 awards ranging from $25,000 to $40,000 per year for candidates with outstanding professional, academic, and personal  qualities. Both domestic and international candidates will be considered for these awards.

LEAD Fellowship

Our LEAD Fellowship program seeks to enhance extracurricular involvement at the School of Management by attracting exceptional
students who will become the next generation of business leaders throughout the world. This program provides a minimum of
30 awards ranging from $5,000 to $20,000 per year for candidates who demonstrate a commitment to community involvement and a desire to become an active member of the BU community. Both domestic and international candidates will be considered for these awards.

Public & Nonprofit Supplemental Scholarship*

The intent of the Public & Nonprofit Supplemental Scholarship program is to limit the financial burden faced by students who seek to use core business management skills to address society’s most challenging humanitarian and social problems. This program provides a minimum of 10 awards ranging from $5,000 to $40,000 per year to admitted students of the Public & Nonprofit program. Both domestic and international candidates will be considered for these awards.

City Year Scholarship*

The Boston University School of Management has partnered with City Year to sponsor a minimum of three scholarships to our Two-Year Public and Nonprofit MBA Program for City Year alumni and staff members who have at least one year of service and/or City Year staff members who have been employed for at least two years. The School of Management feels that there is a the rich perspective City Year alumni and staff bring to their educational experience and this experience will add to our PNP program, focused on addressing society’s most challenging humanitarian and social problems in the global economy. This partnership will provide a minimum $25,000 Scholarship towards the Two-Year Public & Nonprofit MBA. For full-time students, the minimum award amount will be $12,500 per year and renewable for a second year.

Education Pioneers Scholarship*

The Boston University School of Management has created a flagship partnership with Education Pioneers to sponsor a minimum of three scholarships to our Two-Year Public and Nonprofit MBA Program for Education Pioneers alumni and staff members who have at least one year of service and/or Education Pioneers staff members who have been employed for at least two years. The School of Management feels that there is a the unique perspective Education Pioneers alumni and staff bring to their educational experience and this experience will add to our PNP program, focused on addressing society’s most challenging humanitarian and social problems in the global economy. For eligible students, the minimum award amount will be $10,000 per year, renewable for a second year.

Public Service Loan Forgiveness Program

The Public Service Loan Forgiveness Program was created to encourage individuals to enter and continue to work full-time in public service jobs. If you are a Public and Nonprofit MBA student, under this program, you may qualify for forgiveness of the remaining balance due on your eligible federal student loans after you have made 120 qualifying payments (10 years) on loans under specific qualifying repayment plans while employed full-time by specific qualifying public service employers. More information and links to the Federal government’s website about this program can be found here.

MS·MBA Summer Scholarship

Available to outstanding MS·MBA candidates, this program provides supplemental support for the added tuition costs associated with obtaining this joint degree.  Support is generally reserved for Dean’s Scholars, and ranges from $5,000 to $10,000. This award is only applicable to the summer semester of the MS·MBA program. Both domestic and international candidates will be considered for these awards.

National Society of Hispanic MBAs (NSHMBA) Scholarship*

This scholarship is provided by NSHMBA and the Boston University School of Management to provide greater access to the best in graduate management education for Hispanic prospective students. Boston University will provide a full or half tuition scholarship to be awarded on behalf of the Boston Chapter of the National Society of Hispanic MBAs.

United States citizens of Latin American descent will be given primary consideration for this award. Candidates will be notified in their admission package, and the National Society of Hispanic MBAs will be notified once the recipient has confirmed his or her intent to enroll at the Boston University School of Management.

FUNED Scholarship for Mexican Nationals*

In collaboration with Fundación Mexicana para la Educatión, la Tecnología y la Ciencia, A.C. (FUNED), provides a maximum of three scholarships, ranging from $5,000 to $35,000. In addition, FUNED grants provide “credit-scholarships” covering up to 40 percent of the total cost of the master’s program (not exceeding $40,000 over two years).

Talentia Fellowship Program

Boston University is a proud University partner with the Talentia Fellowship Program. This program is an initiative by the Ministry for Innovation, Science and Enterprise in Andalusia, Spain that provides postgraduate scholarships to students from Andalusia allowing them to study abroad in selected institutions. The fellowships are addressed to university graduates with outstanding intellectual and human excellence, an international profile and commitment to the development of Andalusia. Awards cover full tuition, travel expenses, and living allowance for a maximum of two academic years.

*These awards will be folded into existing LEAD Fellowships and Dean’s Scholarship awards.


Federal Financial Aid

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 and the interest rate is currently 5.41%.

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 $3,000 per academic year due to limited funding and the interest rate is fixed at 5.0%.

To apply for federal financial assistance:

  1. Obtain a PIN (Personal Identification Number) from the Department of Education website. You will need a PIN to complete the FAFSA.
  2. Complete the 2014-2015 Free Application for Federal Student Aid (FAFSA) online. Boston University’s school code is 002130.
  3. Complete the GSM Application for Federal Financial Aid and submit it to the Graduate Programs Office via drop off, mail, fax, or scan and e-mail.


Private 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.

External Resources

  • Fast Web
    Database of over 1.3 million scholarships, fellowships, and grants
  • FinAid
    Information on scholarships, loans, saving plans, and military aid
  • Scholarships and Grants
    Free US College Scholarships, Grants, Competitions and Awards Resources
  • ScholarshipExperts
    Database of over 2.5 million scholarship awards
  • CollegeBoard
    College Board’s scholarship search from a database of over 2,300 sources
  • CollegeNet
    CollegeNet’s scholarship search
  • GradLoans
    The Student Loan Network provides answers to financial aid questions and links to free scholarship searches
  • The Scholarship Page
    Scholarship search engine
  • AAUW
    American Association of University Women offers awards, grants, scholarships and fellowship opportunities to women
  • Government Finance Officers Association
    Offers accounting, finance and business graduate scholarships
  • The Independent Institute
    Essay contest
  • Collegiate Inventors Competition
    The Competition promotes exploration in invention, science, engineering, technology, and other creative endeavors.
  • TextBookX
    Essay Contest
  • OP Loftbed Scholarship
  • AACE International Competitive Scholarships
    Scholarships to qualified students who are enrolled or planning to participate in an accredited college or university program.
  • Government Grant programs
    *** Cost money for the information
  • Grants for Single Mothers
    Grants for Single Mothers is among the web’s top educational resource focused on helping single moms. Topics include single mom financial aid, scholarship resources, food and housing programs, parenting advice, and related information. The site is maintained by a single mom , Lindsay Blanche, in hopes to help and educate other single moms in need.


Payment Plan Options

Students may choose to budget all or part of their full-year balance in ten monthly payments with the TuitionPay Plan. Participants must complete an enrollment form and pay a nonrefundable $65 enrollment fee. The fee for 2014-2015 is not yet available. For more information about the TuitionPay Plan or to enroll online, please visit Sallie Mae Tuition Pay Plan and click on “Enroll Now” or call (888) 844-4754. If calling from outside the United States, please dial (508) 235-2800. The deadline to enroll in the TuitionPay Plan is mid-August.


Veteran 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 GIBill website.

Yellow Ribbon Program

Boston University is proud to participate in the Yellow Ribbon Program, an agreement with the Veterans Administration (VA) to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Individuals with active duty service since September 11, 2001, may be eligible for this benefit and can apply online at United States Department of Veterans Affairs. As a 2010-2011 academic year participant in the Post-9/11 GI Bill’s Yellow Ribbon Program (YRP), Boston University will provide 20 students with Yellow Ribbon scholarships on a first-come, first-served basis. The University will contribute up to $2,600 per student per semester (fall, spring, and summer) that will be matched by the Veterans Administration.