Tuition & Expenses

Financial Aid Student Budget

Tuition and Living Allowance for Academic Year 2020-21

Two-Year MBA in Ithaca (first year cost)

Area of cost Fall/Spring Term
Tuition* $71,940
Mandatory fee** $1,500
Housing and Food~ $16,800
Books $1,100
Health Insurance*** $3,420
Personal/Misc Expenses $5,000
Total $99,760

One-Year MBA in Ithaca

Area of cost Summer Term Fall/Spring Term Total
Tuition* $39,462 $71,940
Mandatory fee** $1,500 $0
Housing and Food~ $5,010 $16,800
Books $550 $1,100
Health Insurance*** $777 $3,420
Personal/Misc Expenses $1,500 $5,000
Total $48,799 $98,260 $147,059

Cornell Tech MBA

Area of cost Summer Term – Ithaca Fall/Spring Term – NYC Total
Tuition* $39,462 $71,940
Mandatory fee** $1,500 $0
Housing and Food~ $5,010 $27,900
Books $550 $1,100
Health Insurance*** $777 $3,420
Personal/Misc Expenses $1,500 $5,000
Total $48,799 $109,360 $158,159

* 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%.

**The mandatory fee is assessed in the first term of the student’s MBA program. It includes required core course materials, student activities and an administrative charge.  This fee has been waived for residential classes entering Summer 2020 and Fall 2020.

~ Based on the cost of sharing a moderately priced apartment in Ithaca, roughly $1,120 housing/$560 food per month. The average cost on Roosevelt Island campus, The House, is roughly $2,100 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, including health insurance plan options and costs for the current aid year, 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)
  • International Course Trips for credit
  • Dependent Child Care

Please note that per federal regulations, eligibility for Federal student aid is based on a single student budget.

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-August and due by September 7. Note that for the One-Year MBA programs, summer tuition bills will be available online in May and due June 7. Your fall (or summer) tuition bill must be paid to register. Your admissions deposit will be credited against your first semester tuition amount. All academic year financial aid is disbursed in two equal installments (fall and spring) 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 around the second week of classes for fall and late January for spring. You will receive instructions on how to sign up for financial aid refunds using direct deposit once you receive your electronic tuition statement mid-August.

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: 607-255-0865
Email: Financial Aid

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