Tuition & Expenses

Financial Aid 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~ $13,000
Books $1,100
Computer** $2,000
Health Insurance*** $2,600
Personal/Misc Expenses $5,000
Total $83,200

One-Year MBA in Ithaca

Summer Term Fall/Spring Term
Tuition $35,500 $59,500
Housing and Food~ $3,900 $13,000
Books $550 $1,100
Computer** $2,000
Health Insurance*** $750 $2,400
Personal/Misc Expenses $1,500 $5,000
$44,200 $81,000 Total $125,200

One-Year MBA in NYC

Summer Term - Ithaca Fall/Spring Term - NYC
Tuition* $35,500 $59,500
Housing and Food~ $3,900 $21,900
Books $550 $1,100
Computer** $2,000
Health Insurance*** $750 $2,400
Transportation NYC $1,008
Personal/Misc Expenses $1,500 $5,000
$44,200 $90,908 Total $135,108

* 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 $900 housing/$400 food per month). Housing allowance in NYC is based on living in the furnished Gradudate Apartments at Long Island University Brooklyn campus (roughly $1475 housing/$530 food per month). Your living costs will depend on your lifestyle and living arrangements.

** Computer allowance is a one-time expense

*** 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, up to, but not exceeding the amounts listed, can be used to increase the financial aid budget on a case-by-case basis after discussion with the Financial Aid Office. Any increase to a student's budget will be funded through Grad PLUS or private educational loans only.

  • Travel allowance $1,000 
  • Spouse/same sex partner allowance $6,000 
  • Cornell's spouse/same sex partner health insurance $3700
  • Dependent allowance $2,500 
  • Cornell's dependent(s) health insurance $2,360
  • Additional Two Months housing for 12 month leases only $1,700 
  • International Course Trips for credit; varies by trip

Cornell University Bursar Procedures

Most University charges and credits are processed through the University Bursar system. Tuition is billed on a semester bases.  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