Preparing for CAT Exam
The tuition fees for the MBA program at Yale School of Management (Yale SOM) for the 2024-2025 academic year are around $84,900, plus an additional $500 program fee, bringing the total to $85,400. This covers the core tuition costs, but it’s important to remember that there are other expenses you’ll need to budget for, like living costs.
Living expenses can range from $25,000 to $30,000 per year. For example, housing can cost about $15,000 annually, whether you choose to live on or off campus. Food is another expense to consider, with estimates around $250 to $300 per month. If you need to commute, transportation costs can vary, but a monthly subway pass in nearby areas might cost around $127. Utilities like electricity, water, and internet can add another $150 to $200 per month.
When you add up tuition, fees, and living expenses, the total cost for a single student at Yale SOM for one year is roughly $119,110.
To help with these costs, Yale SOM offers several financial aid options. They provide both need-based and merit-based scholarships that can significantly lower your tuition and living expenses. Loans are also available for both U.S. and international students, and Yale’s financial aid office can help you figure out the best options for your situation. Additionally, on-campus work opportunities can help you earn some extra money while gaining experience.
Yale is committed to meeting 100% of the demonstrated financial need for admitted students, so if you’re concerned about affording the program, it’s worth exploring all the financial aid options available. It’s a good idea to start researching and applying for financial aid early, as funds are limited and awarded on a competitive basis. For the most accurate and up-to-date information, check Yale SOM’s official website or reach out to their admissions office directly.
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