Full-Time MBA

Tuition and Financial Aid

Tuition for the Full-Time MBA students in 2014-15 is $6,152 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.

2014-15 Estimated Cost of Attendance
Three Quarters (nine months)
Tuition 10 courses, $61,520
Student Life Fee $1,041
Health Insurance $3,162
Administrative Service Fee $2,000 (first year only)
Lifetime Credentials Fee $60 (a one-time fee charged in fall of the first year)
Books $2,100
Rent and Utilities $13,500 ($1,500 per month)
Food $5,400 ($600 per month)
Personal $3,000
Transportation $1,350
Computer Allowance $1,800 (first year only)
Total $94,933

Payments

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.

Financial Aid

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.

  • Federal Direct Stafford Student Loan - The Federal Direct Stafford loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter.
  • Federal Perkins Loan - The Federal Perkins loan is limited to Full-Time MBA second-year students only.
  • Federal Direct GradPLUS loan - The Federal Direct GradPLUS loan is a credit-based loan and is subject to the same rules and regulations as all other federal financial aid programs.
  • 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.

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, 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.

Loan Policy

You can review the loan policy for the University of Chicago Booth School of Business in the loan policy documentation (PDF).

Contact Information

For additional information on financial aid, please contact the Chicago Booth office of Financial Aid at 773.702.3964 or email us at financial.aid@ChicagoBooth.edu.