One-Year International MBA
The following tuition, fees, and other expenses have been established at Boston University School of Management for the 2013-2014 academic year.
To get started, we encourage you to explore the Financing Your MBA.
|Summer 2013: China|
|Tuition *||$29, 150|
|Books and Materials||$ 900|
|Room and Board||$6,307|
|Total Expenses for Summer *||$37,657|
|Fall 2013 – Spring 2014: Boston|
|Books and Supplies (Estimated)||$1,574|
|Room and Board (Estimated)||$12,070|
|Total Expenses for Spring and Fall Semesters *||$62,694|
|Estimated expenses not covered by tuition/fees*|
|Personal/Daily Expenses (meals in Shanghai are not included in the Room and Board fee)||$2,500 – $3,500|
|Travel Expenses (transportation from Shanghai to Beijing||$1,000 – $1,500|
|Round-trip economy airfare Boston-Beijing; Shanghai-Boston||$2,000|
|Total *||$5,500 – $7,000
|* Tuition and fees are subject to change without notice.|
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 is $2,141.
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.
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 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 $3,000 per academic year due to limited funding and the interest rate is fixed at 5.0%.
To apply for federal financial assistance:
- Obtain a PIN (Personal Identification Number) from the Department of Education website. You will need a PIN to complete the FAFSA.
- Complete the 2013-2014 Free Application for Federal Student Aid (FAFSA) online. Boston University’s school code is 002130.
- 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.
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.
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. For your convenience we have included a list of Outside Scholarships and External Resources.
- Fast Web
Database of over 1.3 million scholarships, fellowships, and grants
Information on scholarships, loans, saving plans, and military aid
- Scholarships and Grants
Free US College Scholarships, Grants, Competitions and Awards Resources
Database of over 2.5 million scholarship awards
College Board’s scholarship search from a database of over 2,300 sources
CollegeNet’s scholarship search
The Student Loan Network provides answers to financial aid questions and links to free scholarship searches
- The Scholarship Page
Scholarship search engine
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
- Collegiate Inventors Competition
The Competition promotes exploration in invention, science, engineering, technology, and other creative endeavors.
- 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 2013-2014 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.
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.