The Financial Aid and Fellowship Board uses the following Cost of Attendance to determine financial aid awards. Amounts are based on student surveys of direct and indirect costs during Terms I and II. Of course, living expenses will vary from person to person.

This cost of attendance assumes:

  • A nine (9) month academic year
  • A moderate student lifestyle

MBA Class of 2019 Cost of Attendance

Single Married/DP Married/DP
with One Child
with Two Children
Tuition $72,000 $72,000 $72,000 $72,000
Student Health Fee (SHF) $1,142 $1,142 $1,142 $1,142
Student Health Insurance Plan (SHIP) $3,130 $3,130 $3,130 $3,130
Student HEALTH FEE FOR Spouses/Dependents $0 $6,776 $10,356 $12,158
$2,500 $2,500 $2,500 $2,500
Room & Utilities (9 months) $13,194
Board, Personal, Other (9 months) $14,834
Total $106,800 $124,100 $139,000 $148,100

Please note that eligibility for Federal student aid is based on the single student budget.


9 Months of Classes, 12 Months of Rent

The academic year is nine months. While HBS dorms have a nine-month lease, off-campus housing often requires a 12-month lease. If you live off campus, or stay for a summer program, you will need to cover the additional three (3) months’ rent, as well as utilities and monthly expenses.

Federal Student Aid

According to Federal regulations, total eligibility for Federal loans is based on the total cost of attendance.

Health Insurance

Health insurance coverage is mandatory. The Cost of Attendance above shows two separate charges for health insurance. The Student Health Fee (SHF) is mandated for all students and may not be waived. However, if you participate in another health insurance plan with comparable coverage to the Student Health Insurance Plan (SHIP), you may waive the SHIP portion of your health fees.

Optional Activities

There are countless opportunities to participate in optional activities during your time at HBS. While the MBA Class 2019 Cost of Attendance makes allowances for many of the typical expenses, there is no way to anticipate specific costs for each individual student. It is important to understand that students who get financial aid will need to make choices—or plan additional savings to cover the costs of optional activities.