The Financial Aid and Scholarship Board uses the following Annual 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 annual cost of attendance assumes:

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

2020-2021 MBA Program Cost of Attendance

Single Married/DP Married/DP
with One Child
with Two Children
Tuition $73,440 $73,440 $73,440 $73,440
HUHS Student Health Fee (SHF) $1,206 $1,206 $1,206 $1,206
Student Health Insurance Plan (SHIP) $3,922 $3,922 $3,922 $3,922
hushp FOR STUDENT SPOUSES/DEPENDENTS $0 $8,118 $12,432 $14,600
$2,550 $2,550 $2,550 $2,550
Room & Utilities (9 months) $14,130*
LIVING EXPENSES (9 months) $15,820
Total $111,068 $131,426 $147,040 $154,208
Computer (variable; not included in above budgets)
$1,500 $1,500 $1,500 $1,500

*based on average area market rate for 2 bedroom apartment w/roommate
**based on average area market rate for 1 bedroom apartment
***based on average area market rate for 2 bedroom apartment

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

Visit the MS/MBA: Engineering Sciences and MS/MBA Biotechnology: Life Sciences Program Admissions & Financial Aid pages for the Cost of Attendance for each program.


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 annual cost of attendance for a single student. 

Health Insurance

Health insurance coverage is mandatory. The Annual 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 Program 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.