Tuition and fees are charged on a per-term basis for all programs. Students in all programs have fees assessed on July 1 for the fall term and on November 1 for the spring term. Payment is due in full by July 31 for the fall term and November 30 for the spring term.
For 2024–2025, the estimated budget for single M.B.A., M.A.M., and M.M.S. students for tuition, books, fees, and all living costs is $119,110. Of this, program tuition is $84,900; in addition, students are charged a mandatory program fee of $500.
The total program fee for the M.B.A. for Executives program in 2024–2025 is $216,840 for first-year students and $208,500 for second-year students. This cost includes tuition, required textbooks,* study materials, a Windows tablet, breakfast and lunch on all class days, as well as lodging during orientation and summer residencies (the two weeks at the start of the first year and one week at the start of the second year) and lodging and programming for the EMBA Global Network Week.
*EMBA students have the option to purchase textbooks on their own and must indicate a preference to do so by the appropriate term deadline. Program fees are adjusted to reflect a credit for those students who purchase their own textbooks.
Global Studies Financial Support
The school provides a subvention for ten days of international travel to help M.B.A. students defray the cost of fulfilling the Global Studies Requirement (GSR), and a subvention for five days of international travel for M.A.M. students to defray the cost of a Global Network Week or a Global Social Entrepreneurship course; there is also a subvention for M.M.S. in Global Business and Society student travel during the spring-term Global Network Week. 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 M.B.A. subvention applies only to international travel undertaken for options identified in the GSR choice set; the M.A.M. subvention applies only to international travel undertaken for a Global Network Week or a Global Social Entrepreneurship course; and the M.M.S. in Global Business and Society subvention applies only to international travel undertaken for a Global Network Week during the spring term. (For M.B.A. choice sets, see Global Studies Requirement in the chapter Full-Time M.B.A. Degree Program.)
- The school covers the International Experience expenses for M.B.A. students with the exception of international air travel costs. Students going on the IE fully consume their allocation of the ten-day subvention. Students must have all ten subvention days remaining to bid on IE courses.
- M.B.A. students who choose to apply the ten-day subvention to the Global Network Weeks can receive financial support for up to two GN Weeks after completion of the relevant global experience. M.B.A. students who choose the IE can enroll in GN Weeks but with no additional subvention. Similarly, students who allocate their ten-day (or five-day, as applicable) subvention to GN Week(s) can enroll in additional GN Week(s) (space permitting) without additional subvention.
- The subvention amount is destination-specific and is added to the student’s financial aid record.
- Students who do not use their subvention do not receive a refund or credit for any remaining balance.
- The IE bidding process occurs in the late fall. Students enrolled in an IE course (through the course bidding auction) 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.
- Up to ten days’ subvention is applicable to an International Exchange.
- Although they fulfill the GSR, Global Network courses (SNOCs) carry no subvention value.
GSR subventions will be entered into the student’s financial aid record during the term in which it was completed. SOM makes every effort to process the awards as soon as possible. If there is a balance due on a student account, the student must pay the remaining balance on the term bill before funds are posted. The quickest way to receive funds from a student account is by direct deposit to a personal U.S. bank account. Students should not wait for the funds to be disbursed before making their travel arrangements; airline tickets should be purchased soon after admission to a course to get the best possible price.
Tuition Rebate and Refund Policy
Based on 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.
- For purposes of determining the refund of Title IV 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 which 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 2024–2025, the last days for refunding Title IV funds will be October 25, 2024 for first-year students in the full-time M.B.A. program, November 1, 2024 for second-year students in the full-time M.B.A. program and students in the M.A.M. programs, October 29, 2024 for M.M.S. program, November 9, 2024 for first-year and second- year students in the M.B.A. for Executives program in the fall term and April 5, 2025 for first-year and second-year students in the full-time M.B.A. program and students in the M.A.M. programs, and students in the M.M.S. programs, April 28, 2025 for first-year students in the M.B.A. for Executives program, and March 30, 2025 for second-year students in the M.B.A. for Executives program, program in the spring term.
- For purposes of determining the refund of institutional aid funds and for students who have not received financial aid:
- 100 percent of tuition will be rebated for withdrawals which occur on or before the end of the first 10 percent of the term (August 31, 2024 for first-year students in the full-time M.B.A. program, September 7, 2024 for second-year students in the full-time M.B.A. program and students in the M.A.M. program, September 8, 2024 for students in the M.M.S. programs, August 4, 2024 for first-year students in the M.B.A. for Executives program, and August 4, 2024 for second-year students in the M.B.A. for Executives program in the fall term and January 31, 2025 for first-year students in the full-time M.B.A. program, January 31, 2025 for second-year students in the full-time M.B.A. program and students in the M.A.M. program, January 31, 2025 for students in the M.M.S. program, February 21, 2025 for first-year students in the M.B.A. for Executives program, and February 16, 2025 for second-year students in the M.B.A. for Executives program in the spring term).
- A rebate of one-half (50 percent) of tuition will be granted for withdrawals which occur after the first 10 percent but on or before the last day of the first quarter of the term (September 16, 2024 for first-year students in the full-time M.B.A. program, September 21, 2024 for second-year students in the full-time M.B.A. program and students in the M.A.M. program, September 23, 2024 for students in the M.M.S. program, September 2, 2024 for first-year students in the M.B.A. for Executives program, and September 2, 2024 for second-year students in the M.B.A. for Executives program in the fall term and February 14, 2025 for first-year students in the full-time M.B.A. program, February 14, 2025 for second-year students in the full-time M.B.A. program and students in the M.A.M. program, February 14, 2025 for students in the M.M.S. program, March 13, 2025 for first-year students in the M.B.A. for Executives program, and March 1, 2025 for second-year students in the M.B.A. for Executives program in the spring term).
- A rebate of one-quarter (25 percent) of tuition will be granted for withdrawals which occur after the first quarter of a term but on or before the day of Midterm (October 14, 2024 for first-year students in the full-time M.B.A. program, second-year students in the full-time M.B.A. program and students in the M.A.M. program, October 18, 2024 for students in the M.M.S. program, October 20, 2024 for first-year students in the M.B.A. for Executives program, and October 20, 2024 for second-year students in the M.B.A. for Executives program in the fall term and March 10, 2025 for first-year students in the full-time M.B.A. program, March 10, 2025 for second-year students in the full-time M.B.A. program, students in the M.A.M. program, March 10, 2025 for students in the M.M.S. programs, April 15, 2025 for first-year students in the M.B.A. for Executives program, and March 22, 2025 for second-year students in the M.B.A. for Executives program in the spring term).
- Students who withdraw for any reason after Midterm will not receive a rebate of any portion of tuition.
- 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.
- 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 Direct Graduate PLUS Loans; next to any other Federal, State, private or institutional scholarships and loans; and finally, any remaining balance to the student.
- 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.
Scholarships
All applicants are considered for scholarships although application processes vary across programs. Please check with the appropriate admissions office. For a complete list of donor-funded scholarships, see https://som.yale.edu/support-yale-som/donor-funded-scholarships. In addition, many outside sources provide additional funding resources in the form of academic scholarships. For a complete list of additional funding, see https://som.yale.edu/programs/mba/affording-your-mba/funding-resources.
Student Accounts and Billing
Student accounts, billing, and related services are administered through the Office of Student Accounts, located at 246 Church Street. The office’s website is https://student-accounts.yale.edu.
The Student Account is a record of all the direct charges for a student’s Yale education such as tuition, room, board, fees, and other academically related items assessed by offices throughout the university. It is also a record of all payments, financial aid, and other credits applied toward these charges.
Students and student-designated proxies can view all activity posted to their Student Account in real time through the university’s online billing and payment system, YalePay (https://student-accounts.yale.edu/yalepay). At the beginning of each month, email reminders to log in to YalePay to review the Student Account activity are sent to all students at their official Yale email address and to all student-designated YalePay proxies. Payment is due by 4 p.m. Eastern Time on the last day of the month.
Yale does not mail paper bills or generate monthly statements. Students and their authorized proxies can generate their own account statements in YalePay in pdf form to print or save. The statements can be generated by term or for a date range and can be submitted to employers, 401K plans, 529/College Savings Plans, scholarship agencies, or other organizations for documentation of the charges.
Students can grant others proxy access to YalePay to view student account activity, set up payment plans, and make online payments. For more information, see Proxy Access and Authorization (https://student-accounts.yale.edu/understanding-your-bill/your-student-account).
The Office of Student Accounts 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. Students who have not paid their student account term charges by the due date will also be placed on Financial Hold. The hold will remain until the term charges have been paid in full. While on Financial Hold, the university will not provide diplomas and reserves the right to withhold registration or withdraw the student for financial reasons.
Payment Options
There are a variety of options offered for making payments toward a student’s Student Account. Please note:
- All bills must be paid in U.S. currency.
- Yale does not accept credit or debit cards for Student Account payments.
- Payments made to a Student Account in excess of the balance due (net of pending financial aid credits) are not allowed on the Student Account. Yale reserves the right to return any overpayments.
Online Payments through YalePay
Yale’s recommended method of payment is online through YalePay (https://student-accounts.yale.edu/yalepay). Online payments are easy and convenient and can be made by anyone with a U.S. checking or savings account. There is no charge to use this service. Bank information is password-protected and secure, and there is a printable confirmation receipt. Payments are immediately posted to the Student Account, which allows students to make payments at any time up to 4 p.m. Eastern Time on the due date of the bill, from any location, and avoid late fees.
For those who choose to pay by check, a remittance advice and mailing instructions are available on YalePay. Checks should be made payable to Yale University, in U.S. dollars, and drawn on a U.S. bank. To avoid late fees, please allow for adequate mailing time to ensure that payment is received by 4 p.m. Eastern Time on the due date.
Cash and check payments are also accepted at the Office of Student Accounts, located at 246 Church Street and open Monday through Friday from 8:30 a.m. to 4:30 p.m.
Yale University partners with Flywire, a leading provider of international payment solutions, to provide a fast and secure way to make international payments to a Student Account within YalePay. Students and authorized proxies can initiate international payments from the Make Payment tab in YalePay by selecting “International Payment via Flywire” as the payment method, and then selecting the country from which payment will be made to see available payment methods. International payment via Flywire allows students and authorized proxies to save on bank fees and exchange rates, track the payment online from start to finish, and have access to 24/7 multilingual customer support. For more information on making international payments via Flywire, see International Payments Made Easy at https://student-accounts.yale.edu/paying-your-bill/payment-options.
A processing charge of $25 will be assessed for payments rejected for any reason by the bank on which they were drawn. In addition, for every returned ACH payment due to insufficient funds made through YalePay, Flywire will charge a penalty fee of $30 per occurrence. Furthermore, the following penalties may apply if a payment is rejected:
- If the payment was for a term bill, late fees of $125 per month will be charged for the period the bill was unpaid, as noted above.
- If the payment was for a term bill to permit registration, the student’s registration may be revoked.
- 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 Payment Plan
A Yale Payment Plan provides parents and students with the option to pay education expenses monthly. It is designed to relieve the pressure of lump-sum payments by allowing families to spread payments over a period of months without incurring any interest charges. Participation is optional and elected on a term basis. The cost to sign up is $50 per term.
Depending on the date of enrollment, students may be eligible for up to five installments for the fall and spring terms. Payment Plan installments will be automatically deducted on the 5th of each month from the bank account specified when enrolling in the plan. For enrollment deadlines and additional details concerning the Yale Payment Plan, see https://student-accounts.yale.edu/ypp.
Bill Payment and Pending Military Benefits
Yale will not impose any penalty, including the assessment of late fees, the denial of access to classes, libraries, or other facilities, or the requirement that a student borrow additional funds, on any student because of the student’s inability to meet their financial obligations to the institution, when the delay is due to the delayed disbursement of funding from VA under chapter 31 or 33.
Yale will permit a student to attend or participate in their course of education during the period beginning on the date on which the student provides to Yale a certificate of eligibility for entitlement to educational assistance under chapter 31 or 33 and ending on the earlier of the following dates: (1) the date on which payment from VA is made to Yale; (2) ninety days after the date Yale certifies tuition and fees following the receipt of the certificate of eligibility.
Interruption or Temporary Suspension of University Services or Programs
Certain events that are beyond the university’s control may cause or require the interruption or temporary suspension of some or all services and programs customarily furnished by the university. These events include, but are not limited to, epidemics or other public health emergencies; storms, floods, earthquakes, or other natural disasters; war, terrorism, rioting, or other acts of violence; loss of power, water, or other utility services; and protest disruptions, strikes, work stoppages, or job actions. In the face of such events, the university may, at its sole discretion, provide substitute services and programs, suspend services and programs, or issue appropriate refunds. Such decisions shall be made at the sole discretion of the university.