Tuition & Financial Aid

Tuition

• Tuition: Charged at a rate of $669 per unit, the program requires a minimum of 108 units. The total required tuition cost is $72,252*
• Technology Fee: $920 ($230 per semester, excluding summer)*
• Textbooks and course material: $1,815*
• Total approximate cost excluding on-campus components: $74,987*

Please visit the On-Campus Experiences page for information about costs associated with the on-campus components of the MSBA program.

Additionally, please note that students are required to have a laptop computer for school use that meets specific technical requirements. Please view the FAQ page for details.

Tuition is billed by semester as follows:
Fall $16,056 for 24 required units(the $2,500 program deposit will be applied to tuition)
Spring $16,056 (24 required units)
Summer $16,056 (24 required units)
Fall $12,042 (18 required units)
Spring $12,042 (18 required units)
Total estimated tuition cost: $72,252*

Tuition is billed at a rate of $669 per enrolled unit and students typically enroll for 24 units per semester. The actual semester cost varies if a student takes less than or more than 24 units in a semester.

Please note that the cost of tuition is cohort-based, meaning that the cost of tuition is consistent throughout a student’s time in the program.

To see the full breakdown of tuition and fees, visit https://www.cmu.edu/sfs/tuition/graduate/tepper/msba.html.

*Tuition and fees subject to change.

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Deposit

Admitted students are required to pay a $2,500 non-refundable deposit to secure their place in the program. The deposit is due approximately two weeks from the date the admission decision is released and is applied toward tuition expenses. Acceptance letters contain detailed instructions for submitting the deposit.

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Verification Fee

To safeguard the integrity of the admissions process, Carnegie Mellon university routinely uses a third-party company to verify credentials for all admitted candidates. Candidates are required to submit a $95 fee and verification release form at the time of deposit. Details are provided upon admission.

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Value Added Tax (VAT) for International Students

Students are responsible for payment of all international taxes relating to the tuition and fees paid to Carnegie Mellon University.

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Financial Aid

Students may be eligible to borrow federal and/or private education loans to cover tuition and other education-related costs, including the documented purchase of a laptop computer. Students who apply for federal loans may expect to receive their financial aid award letters via email within two to four weeks of FAFSA submission. Notification times for private education loans vary by lender.

The FAFSA school code for CMU is E00074.

Whether you need to bridge the financial gap between costs and employer tuition benefits, or you have little or no resources and you need to finance 100 percent of your degree, you’ll find a friendly, knowledgeable and helpful advocate in The HUB to provide you with the information you need to make informed decisions about your educational financing.

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Employer Reimbursement

The university does not offer deferred payment for students who receive tuition remission from their employer. For more information, view the student financial obligations terms page on the university website. Students may also email thehub@andrew.cmu.edu for details.

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Sponsor Billing and Third-Party Payments:

More information on these payments can be found on this financial services page.

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Payment Plans

This payment plan allows students to pay the university in manageable monthly installments and provides the convenience of enrolling and making payments online through Tuition Management Systems (TMS).

TMS also offers BorrowSmart, a debt minimization service for students who need assistance in developing an education payment strategy.

Please review our payment options for more information.

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Tepper MSBA Scholarships

Through the generosity of alumni, friends, corporations, and foundations, all MSBA students are considered for a Tepper School Scholarship at the time of admission based on the overall strength of the admissions application. A separate scholarship application is not required. Students who receive a Tepper School MSBA Scholarship are advised when they are accepted for admission.

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Yellow Ribbon Program

The Tepper School participates in the Yellow Ribbon Program, which assists in meeting the tuition cost difference above the amount provided by the GI Bill.

The Tepper School’s level of participation in the Yellow Ribbon Program may vary annually. For payment rate information, visit the United States Department of Veteran Affairs website.

Additional information about Veterans’ benefits can be found on The HUB.

Certificate of Eligibility

Candidates participating in the Yellow Ribbon Program should send a copy of their certificate of eligibility to Carnegie Mellon University’s Veterans Affairs office at uro-vaedbenefits@andrew.cmu.edu.

Eligible students are also required to submit the Veterans Education Benefits Information Form to uro-vaedbenefits@andrew.cmu.edu prior to the beginning of each semester of enrollment.

Please contact Mike Danko at uro-vaedbenefits@andrew.cmu.edu with further questions about Carnegie Mellon’s participation in the Yellow Ribbon Program.