Financial Aid

Tuition & Fees for the MBA Program

For the academic year 2013-2014 the tuition rate is $835 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

2013-2014 MBACost 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  $42,585

 *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:  $71,185

 

*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.

*For new MBA students entering in fall 2012 (Term 1) or later:

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.