Graduate tuition for the 2014-15 academic year is $836 per credit. You can expect that cost to rise by approximately 4% per year in the future.
Most MBA students are working professionals who take courses part-time. A general MBA requires completion of a total of 42 credits (an MBA with a concentration requires 48 total credits). Typically, a part-time student completes their MBA in 3 years.
Based on these assumptions, the estimated total tuition cost of your Edgewood College general MBA degree would be approximately $36,600.
Note – These estimates assume that you have satisfied all foundation requirements before enrolling in the program. If foundation courses are required, that will increase the total cost of the MBA degree and delay your completion. Please contact an admissions counselor for more details.
If you compare this cost with other institutions in the Madison area, you’ll find that this total lies somewhere in the middle range.
Graduate students are eligible for financial aid in the form of Federal Stafford Loans. You are eligible for these low interest loans (currently 6.8%) if you enroll in a minimum of 4 credits per semester. Loans are limited to a total of $20,500 per year.
Click here for more information on Stafford Loans, including eligibility requirements and application instructions.
Based on results of the loan payment calculator from finaid.org, if you chose to finance the entire cost of your Edgewood College MBA degree through Stafford Loans, your monthly payment would be $421/month for a 10-year repayment plan.
Remember, completing your MBA is an investment in yourself and your career. Be sure to consider not only the total cost of your education, but think about how that total breaks down in terms of monthly costs, which can make your investment feel more manageable and affordable.