Financing Your MBA

Cost Summary

The educational budget for first-year students in the academic year 2013-2014 is $97,080, broken down as follows:

Educational Student Budget

Academic Year 2013-2014
Tuition and Fees
(Includes $2,000 Pre-Term fee)
$64,828
Health Insurance $3,430
Room and Board $22,495
Books and Supplies $2,000
Miscellaneous $4,327
Total $97,080

Students may borrow up to the cost-of-attendance budget less any financial aid, such as fellowships or scholarships. Information about student loan programs is available through Student Financial Services (SFS), the public service FinAid website, or the External Funding Sources section of the MBA website.

You should plan for increases in tuition and fees for each year of enrollment. However, the Pre-Term fee applies only to the first year of the program.

If you are married and/or have dependents, you may face higher costs. The average increase in living expenses for students with partners and/or dependents is 30% above the standard living expense budget. Health insurance coverage for partners and dependents is not included in the student budget. Please visit the Student Health Services website for an estimated cost of health insurance coverage for your family. 

Students who have extenuating circumstances can also request a budget re-evaluation to borrow funds above the set student budget once the fall semester has started. Budget increases can only be approved for purposes and amounts that fall within guidelines set by the University and federal law.

Please Note: International students who borrow through the International Loan Program with Quorum Federal Credit Union are limited to borrowing up to 80% of the MBA Student Budget for the first and second years of the program.

Financing International Opportunities

Global business concepts are explored across the MBA curriculum. You can select from a wide range of options for international study and work experiences. Note: The cost of these options is in addition to the budget above. 

If you plan to participate in a Global Trek, please be aware that your Wharton MBA Student Budget may only be increased for education-related trips, such as Wharton’s Global Immersion Program and Global Modular Courses (GMC). For additional information, visit Global Learning.

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