Tuition and Financial Aid
To help estimate the expense of attending the Evening MBA Programs, here are the costs for the 2012 - 13 academic year:
|One-time Effective Leadership Fee
|One-time Student Activity Fee
|One-time Lifetime Transcript Fee
|2012 - 13 Tuition per Course
|Tuition Bills Generated for E-Bill
||(Friday, Week 1)
|Tuition Bills Mailed
||(Monday, Week 2)
||(Friday, Week 4)
* Fees subject to change based on student's entry quarter and year
** Tuition is adjusted yearly in the Summer Quarter
Every student is eligible for financial aid. However, the options are different for US citizens, US permanent residents, and international students. Chicago Booth does not grant scholarships to Evening MBA and Weekend MBA students.
Student loans for US Citizens and US Permanent Residents
There are three loan programs available to Evening MBA and Weekend MBA students.
Federal Direct Stafford Loan - The Federal Direct Stafford loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Stafford loan, which is not credit-based, carries a fixed interest rate of 6.8 percent and an annual borrowing limit of $20,500.
Federal Direct GradPLUS Loan - The Federal Direct GradPLUS loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Federal Direct GradPLUS loan is a credit-based federal loan that can be used to supplement the Federal Direct Stafford loan. The interest rate is fixed at 7.9 percent and there is a 4 percent origination fee. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance.
Private, credit-based alternative loan - All students can apply for a private, credit-based alternative loan. Students can borrow up to the full cost of attendance (set by the financial aid office) minus all other financial assistance. The terms of private loans are set by the lender.
Student Loans for International Students
Chicago Booth is committed to providing financing opportunities for all students regardless of citizenship status and offers a loan program to international students with no US cosigners. International students who have US cosigners have multiple private loan options. More detailed information regarding these programs will be made available via the admitted students website upon admission to the program.
Please Note (OFAC Sanctions): In accordance with regulatory guidelines, applicants from Office of Foreign Assets (OFAC)-sanctioned countries are NOT eligible for Chicago Booth’s loan program for international students with no US cosigner. Sanctioned countries include Belarus, Western Balkans (Croatia, Bosnia and Herzegovina, Serbia, Montenegro, Kosovo, Albania, and FYR of Macedonia), Myanmar, Cote d’Ivoire (Ivory Coast), Cuba, DR Congo, Iran, Iraq, Liberia, Libya, North Korea, Sudan, Syria, and Zimbabwe.
You can review the loan policy for the University of Chicago Booth School of Business in the loan policy documentation (PDF).
For additional information on financial aid, please contact Chicago Booth Office of Admissions and Financial Aid at 773.702.3964 or financial.aid@ChicagoBooth.edu
The 2012 - 13 application will be available late spring.