Yale University.Calendar.Directories.

Tuition and Fees

For 2014–2015 the M.B.A. program tuition is $58,975; in addition, students are charged a mandatory program fee of $1,800. Tuition and fees are charged on a per-term basis. These fees are billed by July 1 for the fall term and by November 1 for the spring term. For 2014–2015 the estimated budget for a single M.B.A. student for tuition, books, fees, and all living costs is $85,875.

Annual tuition for the M.A.M. program for 2014–2015 is $58,975; the program fee is $1,800. The estimated single-student budget is $85,875.

The total program fee for the M.B.A. for Executives program in 2014–2015 is $155,500 for first-year students and $152,500 for second-year students. This fee includes tuition, a reader/tablet, books, study materials, breakfast and lunch on all class days, on-campus parking, and lodging and parking at the Omni New Haven Hotel during summer residencies and on Friday evenings of all weekend sessions during the fall term of year one. For the other times, the program-provided housing is optional. (See Housing in the chapter M.B.A. for Executives Program.)

Tuition and fees for students in joint-degree programs may vary; joint-degree students should consult Academic Affairs and Student Life for details.

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Global Studies Financial Support

The School provides a subvention for ten days of international travel to help students defray the cost of fulfilling the Global Studies Requirement (GSR). This funding is at the rate of 50 percent of lodging and meal expenses as determined by the per diem rates published by the U.S. Department of State. The subvention applies only to international travel undertaken for options identified in the GSR choice set. (For choice sets, see Global Studies Requirement in the chapter M.B.A. Degree Program.)

  • • The School covers the International Experience expenses with the exception of travel costs. Students going on the IE fully consume their allocation of the ten-day subvention.
  • • Students who choose to apply the ten-day subvention to the Global Network Weeks can get financial support for up to two GN Weeks. Students who choose the IE can enroll in GN Weeks but with no additional subvention. Similarly, students who allocate their ten-day subvention to two GN Weeks can enroll in additional GN Weeks (space permitting) without additional subvention.
  • • The subvention amount is destination-specific.
  • • Students who do not use their ten-day subvention for GSR do not receive a refund or credit for any remaining balance.
  • • The IE enrollment process occurs in the late fall. Students assigned to an IE (through a process that seeks the best match between demand and supply) will be deemed to have consumed their ten-day subvention.
  • • Students who wish to preserve the IE option for the second year can do so by not applying any of the ten-day subvention for international travel in the first year.

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Tuition Rebate and Refund Policy

On the basis of the federal regulations governing the return of federal student aid (Title IV) funds for withdrawn students, the following rules apply to the rebate and refund of tuition.

  • 1. For purposes of determining the refund of federal student aid funds, any student who withdraws from the School of Management for any reason during the first 60 percent of the term will be subject to a pro rata schedule that will be used to determine the amount of Title IV funds a student has earned at the time of withdrawal. A student who withdraws after the 60 percent point has earned 100 percent of the Title IV funds. In 2014–2015, the last days for refunding federal student aid funds will be, in the fall term: October 25, 2014, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; October 29, 2014, for second-year students in the full-time M.B.A. program; November 21, 2014, for first-year students in the M.B.A. for Executives program; and November 23, 2014, for second-year students in the M.B.A. for Executives program. In the spring term: March 28, 2015, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; April 2, 2015, for second-year students in the full-time M.B.A. program; May 23, 2015, for first-year students in the M.B.A. for Executives program; and April 3, 2015, for second-year students in the M.B.A. for Executives program.
  • 2. For purposes of determining the refund of institutional aid funds and for students who have not received financial aid:
  • a. 100 percent of tuition will be rebated for withdrawals that occur on or before the end of the first 10 percent of the term (in the fall term: September 3, 2014, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; September 4, 2014, for second-year students in the full-time M.B.A. program; August 16, 2014, for first-year students in the M.B.A. for Executives program; and August 22, 2014, for second-year students in the M.B.A. for Executives program; and, in the spring term: January 22, 2015, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; January 21, 2015, for second-year students in the full-time M.B.A. program; March 7, 2015, for first-year students in the M.B.A. for Executives program; and February 26, 2015, for second-year students in the M.B.A. for Executives program).
  • b. A rebate of one-half (50 percent) of tuition will be granted for withdrawals that occur after the first 10 percent but on or before the last day of the first quarter of the term (in the fall term: September 19, 2014, for students in the M.A.M. and full-time M.B.A. programs and second-year students in the M.B.A. for Executives program; and September 14, 2014, for first-year students in the M.B.A. for Executives program; and, in the spring term: February 8, 2015, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; February 5, 2015, for second-year students in the full-time M.B.A. program; March 30, 2015, for first-year students in the M.B.A. for Executives program; and March 9, 2015, for second-year students in the M.B.A. for Executives program.
  • c. A rebate of one-quarter (25 percent) of tuition will be granted for withdrawals that occur after the first quarter of a term but on or before the day of midterm (in the fall term: October 15, 2014, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; October 20, 2014, for second-year students in the full-time M.B.A. program; November 2, 2014, for first-year students in the M.B.A. for Executives program; and November 5, 2014, for second-year students in the M.B.A. for Executives program; and, in the spring term: March 18, 2015, for students in the M.A.M. program and first-year students in the full-time M.B.A. program; March 24, 2015, for second-year students in the full-time M.B.A. program; May 8, 2015, for first-year students in the M.B.A. for Executives program; and March 27, 2015, for second-year students in the M.B.A. for Executives program).
  • d. Students who withdraw for any reason after midterm will not receive a rebate of any portion of tuition.
  • 3. The death of a student shall cancel charges for tuition as of the date of death, and the bursar will adjust the tuition on a pro rata basis.
  • 4. If the student has received student loans or other forms of financial aid, funds will be returned in the order prescribed by federal regulations; namely, first to Federal Direct Unsubsidized Loans, if any; then to Federal Perkins Loans; Federal Direct Graduate PLUS Loans; next to any other federal, state, private, or institutional scholarships and loans; and, finally, any remaining balance to the student.
  • 5. Recipients of federal and/or institutional loans who withdraw are required to have an exit interview before leaving Yale. Students leaving Yale receive instructions on completing this process from Yale Student Financial Services.

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Named Scholarships

General Merit Scholarships
  • Joseph Wright Alsop (Ph.B. 1898) Memorial Scholarship
  • Shanna and Eric Bass ’05 MBA Scholarship
  • The Professor David Berg Leadership Scholarship
  • Donald G. Borg (B.A. 1928) Fellowship
  • George G. Brooks Jr. (B.A. 1931) Fellowship
  • Camp Family Scholarship
  • John G. Conley Scholarship
  • Charles D. Ellis ’59 B.A. Scholarship
  • H. Stuart Harrison (B.A. 1932) Fellowship
  • Irene A. Loukides Scholarship
  • David I. Mazer Scholarship
  • H. Hugh McConnell Scholarship
  • Christina Baird Minnis (B.A. 1987) Scholarship
  • Betsy R. Pace ’80 and William B. Pace ’80 Scholarship
  • Donald Rappaport ’47 and Susan Rappaport Scholarship
  • John F. Riddell (Ph.B. 1913) Memorial Fellowship
  • Richard A. Robertson III (Ph.B. 1921) Fellowship
  • Frederick and Florence Roe Scholarship
  • Samuel B. Sutphin (Ph.B. 1899) Fellowship
Scholarships by Area of Interest
  • Frederick Frank (B.A. 1954) Fellowships for Language Study
  • Jess Morrow Johns (B.A. 1947) Memorial Scholarship for Advertising and Marketing
  • Joseph C. McNay (B.A. 1956) Fellowship in Finance
  • Jane Mendillo YC ’80, ’84 MBA and Ralph Earle ’84 MBA Scholarship
  • Paolo Zannoni Scholarship
Diversity Scholarships
  • Consortium for Graduate Study in Management Fellowship
  • Edward J. De La Rosa and Elaine F. Tumonis Scholarship
  • Hechinger Scholarship
  • National Society of Hispanic MBAs UPP Scholarship
Scholarships for Women
  • Forté Foundation Fellowship
  • Janet “Ginger” Gelb (MPPM 1984) Scholarship
Joint-Degree Scholarships: Yale School of Management (SOM) and Yale School of Forestry & Environmental Studies (F&ES)
  • Michael P. Dowling Scholarship
  • Emmett Family Fellowship
  • Frederick V. Ernst ’60 Scholarship
  • Jacqueline C. and John P. Hullar Scholarship
  • Carl W. Knobloch, Jr. Fellowship
  • PETAL Foundation Scholarship
  • David and Karen Sobotka Scholarship
Various Joint-Degree Program Scholarships
  • Sheldon L. Sussman Family Scholarship
  • Yale Accelerated M.B.A./J.D. Program Scholarship
  • The Paolo Zannoni Goldman Sachs Scholarship for Global Business and Leadership
Master of Advanced Management Scholarships
  • Alec L. Ellison ’84 B.A. Master of Advanced Management Scholarship
  • Kosmos Energy Master of Advanced Management Scholarship
  • The Harley Lippman Master of Advanced Management Scholarship
  • The Arthur Mizne ’95 Master of Advanced Management Scholarship
Ph.D. Scholarship
  • Harry and Heesun You Fellowship
Regional Scholarships

United States

  • Frederick T. Holliday (Ph.B. 1920) & Frederick T. Holliday, Jr. (B.A. 1945) Memorial Scholarship
  • G. Harold Welch Scholarship

United States and International

  • The Sim Family Foundation Scholarship

International

  • Laura Cha (Shi Mei Lun) Scholarship
  • Chapman Scholarship
  • YQ Scholarship
  • Kevin Y. Zhang Scholarship
Silver Scholars Program Scholarships
  • Roberts W. Brokaw (YC ’72, GRD ’72) Free-Enterprise Scholarship
  • Robert C. Busch (Class of 1954) Scholarship
U.S. Military Scholarships
  • Bank of America Scholarship
  • West Point Memorandum of Agreement
  • Yale SOM Veterans Scholarship
Other
  • Teach For America Scholarship

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Student Accounts and Bills

Student accounts, billing, and related services are administered through the Office of Student Financial Services, which is located at 246 Church Street. The telephone number is 203.432.2700, or visit www.yale.edu/sfs/contactus.

Bills

Yale University’s official means of communicating monthly financial account statements is through the University’s Internet-based system for electronic billing and payment, Yale University eBill-ePay. Yale does not mail paper bills.

Student account statements are prepared and made available twelve times a year at the beginning of each month. Payment is due in full by 4 p.m. Eastern Time on the first business day of the following month. E-mail notifications that the account statement is available on the University eBill-ePay Web site (www.yale.edu/sis/ebep) are sent to all students at their official Yale e-mail addresses and to all student-designated authorized payers. It is imperative that all students monitor their Yale e-mail accounts on an ongoing basis.

Bills for tuition, room, and board are available to the student during the first week of July, due and payable by August 1 for the fall term; and during the first week of November, due and payable by December 1 for the spring term. The Office of Student Financial Services will impose late fees of $125 per month (up to a total of $375 per term) if any part of the term bill, less Yale-administered loans and scholarships that have been applied for on a timely basis, is not paid when due. Nonpayment of bills and failure to complete and submit financial aid application packages on a timely basis may result in the student’s involuntary withdrawal from the University.

No degrees will be conferred and no transcripts will be furnished until all bills due the University are paid in full. In addition, transcripts will not be furnished to any student or former student who is in default on the payment of a student loan.

The University may withhold registration and certain University privileges from students who have not paid their term bills or made satisfactory payment arrangements by the day of registration. To avoid delay at registration, students must ensure that payments reach Student Financial Services by the due dates.

Charge for Rejected Payments

A processing charge of $25 will be assessed for payments rejected for any reason by the bank on which they were drawn. In addition, the following penalties may apply if a payment is rejected:

  • 1. If the payment was for a term bill, a $125 late fee will be charged for the period the bill was unpaid.
  • 2. If the payment was for a term bill to permit registration, the student’s registration may be revoked.
  • 3. If the payment was given to settle an unpaid balance in order to receive a diploma, the University may refer the account to an attorney for collection.

Yale University eBill-ePay

There are a variety of options offered for making payments. Yale University eBill-ePay is the preferred means for payment of bills. It can be found at www.yale.edu/sis/ebep. Electronic payments are easy and convenient—no checks to write, no stamps, no envelopes, no hassle. Payments are immediately posted to the student’s account. There is no charge to use this service. Bank information is password-protected and secure, and there is a printable confirmation receipt. Payments can be made twenty-four hours a day, seven days a week, up to 4 p.m. Eastern Time on the due date to avoid late fees. (The eBill-ePay system will not be available when the system is undergoing upgrade, maintenance, or repair.) Students can authorize up to three authorized payers to make payments electronically from their own computers to the student’s account using Yale’s system.

Use of the student’s own bank payment service is not authorized by the University because it has no direct link to the student’s Yale account. Payments made through such services arrive without proper account identification and always require manual processing that results in delayed crediting of the student’s account, late fees, and anxiety. Students should use Yale eBill-ePay to pay online. For those who choose to pay by check, remittance advice with mailing instructions is available on the Web site.

Yale Payment Plan

The Yale Payment Plan (YPP) is a payment service that allows students and their families to pay tuition, room, and board in ten equal monthly installments throughout the year based on individual family budget requirements. It is administered by the University’s Office of Student Financial Services. The cost to enroll in the YPP is $100 per contract. The deadline for enrollment is June 20. For additional information, please contact Student Financial Services at 203.432.2700 and select “Press 1” from the Main Menu. The enrollment link can be found online in the Yale Payment Plan section of the Student Accounts Web site: www.yale.edu/sfas/financial/accounts.html#payment.

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