Tuition & Expenses

Financial Aid Student Budget: Tuition and Living Allowance for Academic Year 2015-16

Two-Year MBA in Ithaca (first year cost)

Fall/Spring Term
Tuition $59,500
Housing and Food~ $16,760
Books $1,100
Health Insurance*** $2,600
Personal/Misc Expenses $5,000
$84,960 Total $84,960

One-Year MBA in Ithaca

Summer Term Fall/Spring Term
Tuition $35,500 $59,500
Housing and Food~ $5,010 $16,760
Books $550 $1,100
Health Insurance*** $750 $2,400
Personal/Misc Expenses $1,500 $5,000
$43,310 $84,760 Total $128,070

One-Year MBA in NYC

Summer Term - Ithaca Fall/Spring Term - NYC
Tuition* $35,500 $59,500
Housing and Food~ $5,010 $21,900
Books $550 $1,100
Health Insurance*** $750 $2,400
Transportation NYC $1,008
Personal/Misc Expenses $1,500 $5,000
$43,310 $90,908 Total $134,218

* Tuition rate for 2016-17 will be published in February. Although we make every effort to inform students of changes in advance, the amount, time, and manner of payment of tuition, fees, or other charges may be changed at any time without notice. Average tuition increase per academic year 3-5%

~ Based on the cost of sharing a moderately priced apartment in Ithaca (roughly $1,110 housing/$560 food per month). Housing allowance in NYC (roughly $1,500 housing/$690 food per month). Your living costs will depend on your lifestyle and living arrangements.

*** Estimated Student Coverage - All students are required to have health insurance. Students are automatically enrolled in the Student Health Insurance Plan. To appeal, students must demonstrate comparable coverage. For more information, please visit the Office of Student Health Insurance.

Additional Expenses

Discretionary lifestyle choices cannot be subsidized by federal OR private education loans. Additional expenses, listed below, can be used to increase the financial aid budget on a case-by-case basis after discussion with the Financial Aid Office.

  • Computer (one-time only)
  • Travel Allowance
  • International Course Trips for credit
  • Dependent Child Care

Please note that eligibility for Federal student aid is based on a single student budget. Increases to cost of living for a spouse and/or children can be requested.  Any increase would be funded through a non-federal loan program.

Cornell University Bursar Procedures

Most University charges and credits are processed through the University Bursar system. Tuition is billed on a semester basis.  Your fall semester tuition bill will be available online mid-July and due by August 7. Note that for the One-Year MBA programs, summer tuition bills will be available online in April/May. Your fall (or summer) tuition bill must be paid to register. Your admissions deposit will be credited against your first semester tuition amount.  All financial aid is disbursed in two equal installments and credits to a student bursar account.  If any of these funds result in a credit balance to your account, the credit will be refunded to you after university registration which occurs late August.  You will receive instructions on how to sign up for financial aid refunds using direct deposit once you receive your electronic tuition statement mid July.

Cornell offers online payment with Cornell Net.Pay and a monthly installment plan. Please visit their web site for more information.

For further information, contact:

Financial Aid Office
113 Sage Hall
Johnson Graduate School of Management
Cornell University
Ithaca, NY 14853-6201

phone: 607 255 6116
email: Financial Aid