Tuition and Financial Aid
Tuition for the Full-Time MBA students in 2016-17 is $6,654 per course. An estimate of the cost of attending school for nine months is below.
This standard cost of attendance—including tuition and fees, books, rent, food, personal expenses, transportation, and a computer allowance—is established for all students receiving financial aid.
||$66,540 assuming 1,000 units (ten 100-unit courses)
|Student Life Fee
|Health Insurance (projected)
||$3,700 * estimated not to exceed
|Administrative Service Fee
||$2,500 (first year only)
|Lifetime Credentials Fee
||$60 (a one-time fee charged in fall of the first year)
|Rent and Utilities
||$14,520 ($1,613 per month)
||$5,400 ($600 per month)
||$1,200 (first year only)
We require a $3,000 nonrefundable deposit broken into two payments, to be paid on two separate dates. One is paid upon your acceptance of your offer; the other is paid later.
Types of payment include personal check, money order, cashier’s check, or American Express traveler’s checks. Payment by wire transfer and by credit card is also available.
Chicago Booth is committed to assisting all admitted students in financing their MBA, regardless of citizenship. Financing is available for all admitted students in the form of student loans and merit-based scholarships and fellowships only. Chicago Booth does not offer need-based financial aid.
Loans are calculated based on a standardized cost of attendance including room and board, books, and other expenses for three academic quarters (nine months).
US Citizens and US Permanent Residents
There are four loan programs available to US citizen and US permanent resident Full-Time MBA students.
- Direct Unsubsidized Loan - The Direct Unsubsidized Loan is a federal student loan available to US citizens and US permanent residents who enroll in at least 200 units each quarter.
- Direct Grad PLUS Loan - The Direct Grad PLUS Loan is a credit-based federal student loan and is subject to the same rules and regulations as the Direct Unsubsidized Loan.
- Private, credit-based alternative loans - All students can apply for a private, credit-based alternative loan. Students can borrow up to the cost of attendance (which is set by the financial aid office) minus any other financial assistance.
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, the following applicants are NOT eligible for Chicago Booth’s loan program for international students with no US cosigner: applicants from Office of Foreign Assets Control (OFAC)-sanctioned countries, and applicants identified by name, or related to or connected with anyone on the OFAC Specially Designated Nationals List. All such applicants will be required to make alternative financing arrangements.
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 the Chicago Booth Financial Aid Office at 773.702.3964 or email us at financial.aid@ChicagoBooth.edu.