Yale MBA Cost Breakdown
Yale MBA - Tuition Fee
The tuition fee for the full-time MBA program at Yale is $84,900 for the 2024-2025 incoming students. The total tuition fee required for two years is $119,110, including the one-time program fee of $500.
Total Cost (Yale MBA) (1 Year)
For one year, the Yale MBA program costs $119,110, which includes $84,900 in tuition, $500 in one-time program fees, $29,227 in room, board, and personal expenses, $1,440 in textbooks and photocopies, and $3,043 in health insurance.
The cost of attendance is the total cost for one academic year. It is designed for a single student with a modest lifestyle and shared housing.
Students at Yale University are required to have insurance. The figure displayed is an estimate based on the cost of Yale's insurance for a single student in 2024-25. Students who have alternative hospitalization insurance may be exempt from Yale Health coverage.
Total Cost (Yale MBA) (2 Years)
The total cost of Yale's two-year MBA program is $238,220.
| Expenses | Yale MBA Cost 2024 |
|---|---|
| Tuition | $82,200 |
| Program Fee | $500 |
| Total Tuition and Fees | $82,700 |
| Room, Board, and Personal Expenses* | $28,266 |
| Textbooks and Photocopies | $1000 |
| Health Insurance | $2,850 |
| Total Estimated Living Expenses | $32,116 |
| Total Single Student Budget | $ 114,816 |
Total MBA Cost: 2023-24 VS 2024-25
Tuition fees have increased from $82,200 to $84,900, representing a 3.28% rise. The program fee remains unchanged at $500 for both academic years.
Room, board, and personal expenses have risen from $28,266 to $29,227, marking a 3.41% increase.
The cost of textbooks and photocopies has seen a significant jump from $1,000 to $1,440, which is a 44% increase. Health insurance costs have also gone up from $2,850 to $3,043, reflecting a 6.77% increase.
Overall, the total single-student budget has increased from $114,816 in 2023-24 to $119,110 in 2024-25, marking a 3.74% rise.
The most significant increases are seen in textbooks, photocopies, and health insurance costs. These changes reflect a general upward trend in the cost of attending the Yale MBA program.
| Expenses | Yale MBA Cost 2023-24 | Yale MBA Cost 2024-2025 |
| Tuition | $82,200 | $84,900 |
| Program Fee | $500 | $500 |
| Room, Board, and Personal Expenses* | $28,266 | $29,227 |
| Textbooks and Photocopies | $1000 | $1,440 |
| Health Insurance | $2,850 | $3,043 |
| Total Single Student Budget | $114,816 | $119,110 |
Yale MBA: Funding Tips
Merit-based scholarships are automatically considered for all Yale applicants. A separate application is not required. Scholarship recipients are notified at the time their applications are accepted. Furthermore, many outside sources provide additional funding through academic scholarships.
Scholarships are granted based on association with an industry, select demographic prioritized by the Employers, membership to a fraternal organization or ethnic group, or association with a club or an athletic organization.
Almost 54% of MBA students at Yale MBA receive scholarships with 36 students receiving full-tuition scholarships.
Yale University provides three types of loans: federal student loans, international student loans, and private loans to U.S. citizens and permanent residents.
Let us briefly discuss all the funding options available at Yale for Funding the MBA Program.
Merit-Based Scholarships: At SOM, all applications for merit-based scholarships that do not require a separate formal application are considered, and all candidates are regarded for merit-based funding. Scholarship beneficiaries are informed of their merit-based qualifications at the time of admission.
External Funding Resources: The Financial Aid Office advises students to look into various outside scholarships for which they may be eligible. The Yale Scholarship team has created a searchable scholarship database that allows students to filter by industry, region, and population. This is a significant resource to help students find external sources to finance their education.
The Yale School of Management Loan Forgiveness Program: Since its inception in 1986, the school has provided over $12 million in assistance to over 400 alumni across the country. Qualified alumni who work in the government or non-profit organizations should consider the fund.
Yale SOM Entrepreneurial Fellowship: Students who are awarded the Yale SOM Entrepreneurial Fellowship will have their student loan payments deferred for the first two years after graduation. The school pays the loan interest up to $7,000 per year. The goal is to assist entrepreneurs in devoting more time and resources to their start-ups during the critical early years.
Benefits for U.S. Military and Veterans: Yale SOM takes several proactive steps to ensure that business school is affordable for active-duty military and veterans in the United States. Yale is also named a "Military Friendly School" by GMAC. SOM offers several scholarships specifically for veterans and waives application fees for US military members or veterans.
Several types of Military Scholarships provided at Yale are:
• Post 9/11 GI Bill®
• Yellow Ribbon Program
• Veteran Readiness & Employment (Vocational Rehab)
• Military Housing Allowance (BAH)
• Military Merit Scholarships
Yale MBA Scholarships
Yale offers 75 internal scholarships to the students and 149 external scholarships, which require an additional form to be filled out by the students. Here is the table of the internal scholarships provided by the Yale MBA Program and the eligibility.
| Yale Scholarship/ Fellowship/ Awards | Eligibility |
|---|---|
| Aline and Santino Blumetti '99 MBA Alumni Fund Scholarship | All the MBA students |
| Avinash Prabhakar ’04 MBA Scholarship | All MBA students |
| Bank of America Scholarship | Merit Based Scholarship |
| Bell Family Scholarship | All MBA students |
| C.E. Thomas Cleveland ’68 B.S. and Barbara S. Cleveland Scholarship | All MBA Students |
| Camp Family Scholarship | All MBA Students enrolled at Yale |
| Chapman Scholarship | Preference for candidates from Africa, China, India, Russia, or Commonwealth of Independent States. |
| Christina Baird Minnis (B.A. 1987) Scholarship | All MBA Students |
| Claire and Joe Greenberg Scholarship | Students with a demonstrated interest in entrepreneurship. |
| Conley Brooks '44 B.A. Family Scholarships | preference given to students from Minnesota. |
| Consortium for Graduate Study in Management Fellowship | Candidates who are accepted to Yale SOM through the Consortium application process |
| David I. Mazer Scholarship | All MBA Students |
| Dean Edward A. Snyder Scholarship | deserving students enrolled at the School of Management. |
| Donald G. Borg (B.A. 1928) Fellowship | All MBA Students |
| Donald Rappaport '47 and Susan Rappaport Scholarship | All MBA Students |
| Dow Family Scholarship | All MBA Students |
| Edward J. De La Rosa and Elaine F. Tumonis Scholarship | students enrolled in the MBA program with a preference given to Hispanic students. |
| Edwin Thorne (Class of 1935) Scholarship | Yale SOM students from backgrounds underrepresented in management education with a demonstrated interest in promoting diversity and inclusion in management education |
| Forté Fellows | Women Candidate |
| Frederick Frank ’54 B.A. Scholarship | All MBA Students |
| Frederick T. Holliday (Ph.B. 1920) and Frederick T. Holliday, Jr. (B.A. 1945) Memorial Scholarship | scholarship is awarded to students from Indiana or bordering states. |
| Frederick and Florence Roe Scholarship | Merit based scholarships |
| G. Harold Welch Scholarship | incoming student from the New Haven area. |
| George G. Brooks, Jr. (B.A. 1931) Fellowship | All MBA Students |
| Global Leaders from India MBA Scholarship Program | candidates with strong academic and professional accomplishments |
| H. Hugh McConnell Scholarship | All MBA Students |
| H. Stuart Harrison (B.A. 1932) Fellowship | All MBA Students |
| Harry and Nisha Arora ’04 MBA Scholarship | All MBA Students |
| Hechinger Scholarship | students from the metro Washington, D.C. |
| Irene A. Loukides Scholarship | All MBA Students |
| Israeli Student Scholarship at Yale SOM | supports students of Israeli descent |
| Jacobs Fellowship at Yale SOM | part of the school’s Loan Forgiveness Program (LFP) |
| Jane Mendillo YC '80, '84 MBA and Ralph Earle '84 MBA Scholarship | students from backgrounds underrepresented in management education |
| Jane Sun and John Wu Scholarship | students from Greater China |
| Janet "Ginger" Gelb (MPPM 1984) Scholarship | students of particular promise in any area of study at Yale SOM. |
| Jess Morrow Johns (B.A. 1947) Memorial Scholarship for Advertising and Marketing | students in the field of advertising or marketing |
| John F. Riddell (Ph.B. 1913) Memorial Fellowship | All MBA Students |
| John G. Conley ’85 Scholarship | All MBA Students |
| John R. Shrewsberry ’92 MPPM Scholarship | Merit-based |
| Joseph C. McNay (B.A. 1956) Fellowship in Finance | students in the field of finance |
| Joseph Wright Alsop (Ph.B. 1898) Memorial Scholarship | All MBA Students |
| Julien R. Mininberg ’86 B.A., ’90 MBA Scholarship | All MBA Students |
| Kevin Y. Zhang Scholarship | students of exceptional merit from mainland China who demonstrate need |
| Laura Cha (Shi Mei Lun) Scholarship | student from mainland China with financial need |
| Lise Pfeiffer Chapman ’81 MBA Scholarship | students who are a first-generation college student |
| Martin Werner Fellowship | students from Mexico |
| Maurice R. Greenberg Scholarship | All MBA Students |
| Nancy Pfund ’82 MPPM Scholarship | students with an interest in social entrepreneurship and/or impact investing |
| National Society of Hispanic MBAs UPP Scholarship | incoming Hispanic students |
| Paolo Zannoni Scholarship | Merit-based |
| Peter H. Hambling '82 MPPM Scholarship | Merit Based |
| Rebecca Vitas Schamis '00 MBA and David I. Schamis '95 B.A. Scholarship | general merit scholarship provides support for MBA students |
| Richard A. Robertson III (Ph.B. 1921) Fellowship | All MBA Students |
| Robert A. Lawrence ’47 B.A. and Charles D. Ellis ’59 B.A. Scholarship | All MBA Students |
| Rosalia Akuyo Anyawoe Alumni Fund Scholarship | All MBA Students |
| Ruth R. McMullin '79 MPPM and Thomas R. McMullin Alumni Fund Scholarship | All MBA Students |
| Samuel B. Sutphin (Ph.B. 1899) Fellowship | All MBA Students |
| Shanna and Eric Bass '05 MBA Scholarship | general merit scholarship |
| Shirley Chen '95 MBA Scholarship | citizens or residents of China |
| Sim Family Foundation Scholarship | students from the Pacific Rim with non-traditional backgrounds |
| Sproul/Molloy Scholarship in Honor of Juliet C. Sproul | students from backgrounds underrepresented in management education |
| Surendra P. Patel Scholarship | All the MBA students |
| Teach For America Scholarship | merit scholarship |
| The Harambe Yale Scholar Program | Africa’s entrepreneurial leaders wishing to pursue a two-year MBA |
| The Professor David Berg Leadership Scholarship | Strong leadership milestone since college |
| Usha ’90 MPPM and Diaz Nesamoney MBA Scholarship | MBA Students with interest in entrepreneurship and/or technology |
| Wallace L. Jones Fellowship Award | candidate must be a new student accepted for admission to a Consortium member school |
| West Point Memorandum of Agreement | active-duty military officers designated for three-year teaching positions |
| YQ Scholarship | students from mainland China |
| Yale Africa Impact Scholarships | based on merit to the candidates |
| Yale SOM Class of 2018 MBA Scholarship | All MBA Students |
| Yale SOM Scholarship for Students from Mexico | students from Mexico |
| Mexican students with strong academic and leadership potential | eligible Mexican students who wish to pursue their master’s degree abroad in top ranked universities |
| Yale-Reaching OUT LGBT MBA Fellowship | strong academic skills, and potential to be a leader for the LGBTQ community. |
| Zhang Family Scholarship | All MBA Students |
Yale MBA Loans Option
The Yale SOM Office of Financial Aid helps students apply for Federal, Private, and International loans.
Federal Loans
Federal Direct Unsubsidized Loan: Citizens and permanent residents of the United States are automatically considered for the Federal Direct Unsubsidized Loan. Per academic year, students may borrow up to $20,500. For the loans lent out on or after October 1, 2021, the fixed interest rate for the 2024 academic year is 6.54%, with a 1.057% origination fee.
Federal Graduate PLUS Loan: The Graduate PLUS Loan is a federal loan that allows students to borrow up to the cost of attendance excluding any other financial aid. Good credit history is required. For loans that are lent out on or after October 1, 2021, the fixed interest rate is 7.54% for the 2024 academic year, with a 4.228% origination fee.
International Students Loans: As a first step, it is recommended that all international students check out for funding in their home countries.
Suppose a student cannot secure funding in their home country. In that case, Quorum Federal Credit Union accepts loan applications from international students enrolled in SOM MBA programs who do not have a U.S. cosigner. International students may be able to borrow up to 80% of their tuition.
International students with creditworthy cosigners in the United States can use ELMSelect to learn more about different lenders. ELMSelect compares various lenders, allowing students to evaluate and choose the best one for their loan needs. This list is not about the recommended lenders but rather a list of lenders used by Yale students in the last three years. Students can choose any lender, and Yale will process a loan from any lender on students' behalf.
Private Loans for U.S. Citizens & Permanent Residents
Students at Yale SOM who are U.S. citizens or eligible non-citizens may apply for a private loan rather than a Graduate PLUS Loan. Private loan terms, eligibility requirements, and conditions will differ. The borrower (and co-borrower, if applicable) should compare information from available student loan providers before applying for the best loan that meets their needs.
ELMSelect compares various lenders, allowing students to evaluate and choose the best one for their loan needs. This list does not depict the recommended lenders but a list of lenders our students have used in the last three years. Students have the authority and power to borrow from any lender, not just those on this list. The list of the lenders include:
• SoFi
• MPOWER Financing, No-Cosigner Global Loans
• Discover Bank
• PNC Bank
• Sallie Mae
• Laurel Road
• Custom Choice Loan powered by Cognition Financial
• Citizens
• College Ave Student Loans
• Prodigy Finance
Is Yale MBA right for you?
Reach out to me, Atul Jose, through our free MBA Admissions Consulting request form, or add me through LinkedIn
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