Tuition and Financial Aid
To help estimate the expense of attending the Weekend MBA Program, here are the costs for the 2018 - 2019 academic year:
|One-time Administrative Service Fee
|One-time Student Activity Fee
|One-time Lifetime Transcript Fee
|Book Fee (Booth courses only)
|2018 - 19 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 annually 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.
Student loans for US Citizens and US Permanent Residents
Below are the loan programs available to Evening MBA and Weekend MBA students.
Direct Unsubsidized Loan - The Direct Unsubsidized Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct Unsubsidized Loan, which is not credit-based, carries a fixed interest rate and an annual borrowing limit of $20,500.
Direct PLUS Loan - The Direct PLUS Loan is available to US citizens and US permanent residents who enroll in two or more courses each quarter. The Direct PLUS Loan is a credit-based federal loan that can be used to supplement the Direct Unsubsidized Loan. The interest rate is fixed. 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.
Yellow Ribbon - Chicago Booth participates in the Yellow Ribbon Program which is an additional enhancement of the Post-9/11 Veteran's Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to enter into an agreement with the Veterans Administration (VA) to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are available to all veterans at Chicago Booth who qualify under the VA guidelines. Beginning Autumn Quarter 2018, Chicago Booth will offer up to $30,000 per year in Yellow Ribbon scholarship support and the VA will provide up to $30,000 in additional funding. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar.
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, 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).
Thanks to generous gifts from our Chicago Booth alumni, we are able to offer a small number of scholarships to students in the Evening MBA and Weekend MBA Programs. All Chicago Booth scholarships are awarded based on merit. Scholarships do not have additional applications. All award decisions are determined from your MBA application by the Admissions Committee at the time of admission. The eligibility for some scholarships is defined by the criteria of individual alumni and foundation donors. Award amounts will vary. Chicago Booth does not negotiate scholarship decisions.
Chicago Booth Merit-based Award - Chicago Booth offers a limited number of merit-based scholarships. Merit-based awards do not have additional applications. All award decisions are determined from your MBA application by the Admissions Committee and Deans. Merit-based awards are typically awarded in the weeks following admission. The Admissions Committee and Deans work to identify applicants who have excelled both academically and professionally. The overall strength of the applicant pool also factors into scholarship decisions.
Civic Scholars Program - Weekend MBA Program applicants who currently work in a 501(c) nonprofit or for the government and plan to continue working in these sectors post-MBA may apply for a scholarship through the Civic Scholars Program. This program is made possible by a gift from the Neubauer Family Foundation.
Entrepreneurial Scholars Scholarship - The Entrepreneurial Scholars merit-based scholarship is available to prospective Evening MBA and Weekend MBA Program students who have demonstrated success in entrepreneurial ventures. The scholarship is designed for those who are currently running entrepreneurial ventures and are committed to an entrepreneurial career path. The Scholars will continue developing their venture while applying learnings from the MBA Program in real time, and be actively engaged in Booth’s robust entrepreneurial community. Scholars can be awarded up to $100,000 towards their MBA. If you would like to learn more about Chicago Booth Entrepreneurial Scholars, please email Stephanie Gunn at firstname.lastname@example.org.
For additional information on financial aid, please contact Chicago Booth Office of Admissions and Financial Aid at 773.702.3964 or email@example.com.