Fees and Financial Aid
The program costs are competitive with Yale’s peer institutions. A Yale School of Management Financial Aid officer
is happy to work with you and discuss your financial needs and help secure the funding to pursue your MBA.
The two-year cost for the program is an all inclusive fee.
The program fee for Class of 2015 students entering in August of 2013 is $152,500 (effective January 1, 2013). Program fees include tuition, a laptop computer, books, study materials, breakfast and lunch on all class days, on-campus parking, and lodging and parking at the Omni New Haven Hotel during summer residencies and on Friday evenings of all weekend sessions during the Fall Year1 semester* (visit the Omni website for a tour of the hotel). Special social events held on campus for students, their families, and their employers are also covered by program fees. Payments are due in four installments (August/December).
*Students are required to stay at the Omni New Haven Hotel during the in-residence periods (the two-weeks in Year 1 and one-week in Year 2) and on Friday evenings of class weekends during the Fall Yr1 semester. For the other times, the program – provided housing is optional.
There is now a limited scholarship fund available to provide a small number of partial scholarships to exceptional candidates for the MBA for Executives program. Recipients of these highly selective awards will have a demonstrated track record of outstanding leadership at the intersection of business and society. Awards will be made to individuals whom the selection committee members believe will enhance the program experience through their distinct perspectives and experiences. Besides merit, demonstrated financial need will play an important role in determining award recipients.
The scholarship application is separate from the application to the program. To be considered for an award, applicants must first submit a completed application. To apply for the scholarship award, please submit your Federal Application for Financial Student Assistance (FASFA) application online and send a personal letter of 300-500 words detailing why you should be considered for a scholarship. Please send your letter to email@example.com before June 1, 2013. All scholarship awards will be announced on June 15, 2013. Financial Aid
Earning your MBA through an executive program can be a major investment.
The Financial Aid office can help secure appropriate student loans and offers a limited number of merit based scholarships to qualified students. If you are working in the public or non-profit sectors be sure to read about SOM’s generous loan forgiveness program.
Click on any of the links below to view more information.
Federal Direct Loans
To apply for a Federal Direct Loan, please submit the following after January 1, 2013 to the Financial Aid Office (firstname.lastname@example.org):
- Free Application for Federal Student Aid (FAFSA). Submit on-line at www.fafsa.ed.gov. Have your results sent directly to Yale (Yale University Code: 001426). It will take the processor 3-4 weeks to send your results to Yale.
- Copy of Your Signed Income Tax Return for 2012. When the FAFSA and tax return are received, the Financial Aid Office will contact you about completing the application process for Federal Direct Loans, and will also provide information about borrowing the Federal Grad PLUS loan and private loans.
Loans for International Students
Yale SOM is pleased to announce the details of the Yale International Student Loan, which is available to all international students at the School of Management:
- Maximum Loan: Tuition and fees for the academic year, (maximum in 2011-2012 is $53,900)
- No co-signer required
- Fixed interest rate of 7.75%
- Origination Fee of 5%, subtracted from loan proceeds
- 10-year repayment period
- No payments while you are enrolled
- 6-month grace period following separation from school
- Interest accrues while you are enrolled and during the 6-month grace period and is added to the principal when repayment begins
- Interest does not compound and there is no pre-payment penalty
If you are working in the public or non-profit sectors and /or plan to do so after graduation, be sure to read about our generous loan forgiveness program.
Many of the traditional sources of scholarship and grant funding exclude MBA-e students. However, for some applicants there may be programs specifically created to support their professional pursuits. View information on outside scholarships here
The following websites list sources of outside funding for U.S. students and permanent residents: