Financial Aid

Tuition & Fees for the MBA Program

For the academic year 2014-2015 the tuition rate is $855 per credit hour with a non-refundable enrollment deposit of $500. LIM College also requires that each applicant submit a non-refundable $40 application fee. 

All students are required to pay the $250 Graduation Audit Fee during the final Term

2014-2015 MBA Cost of Attendance at LIM College

Estimated Cost of Attendance for Full-Time MBA Program Students

Standard Program Length is 6 terms, but can be completed in as few as 5 terms (Tuition is subject to change annually).

MBA consists of 51 credits.

 Tuition  $43,605

 *Room (Housing) - estimated at a minimum of $800 per month for an off-campus apartment (18 months). 5 or more credits required. (Lease required to document, maximum of $1,500/month allowed.)

 Board (Meals) - estimated at $1,200 per term (enrollment of 5 credits or more required)

 $14,400

 

 $7,200

 Transportation - estimated at $300 per term (based on 9 credits; prorated below 9 credits)

 $1,800
 Personal Expenses - estimated at $600 per term (enrollment of 5 or more credits required)  $3,600
 Books & Supplies - estimated at $320 per term for the first five terms (based on 9 credits; prorated below 9 credits)  $1,600
 Total:  $72,205

 

*Please note: The off-campus apartment budget assumes that most students will need a minimum of $800 per month for rent based on the average amount that most pay in a shared apartment. Students in off-campus apartments are required to provide a copy of their lease to verify their monthly rent, if they intend to use loan funds to cover their living expenses. The maximum housing allowance is $1,500 per month.

In order to be eligible to have the indirect costs of Room, Board, and Personal Expenses included in the Cost of Attendance for the purpose of determining maximum loan amounts, a student must be relocating to the area or ceasing current level of employment (full-time or part-time). In other words, students who are not incurring these living expenses as a cost specifically associated with the decision to enroll in the MBA program will be limited to borrowing educational loans for Tuition, Books & Supplies, and Transportation. Students who are enrolled in the LIM College Student Health Insurance policy are eligible to include that expense in their Cost of Attendance should they choose to.