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The Most Affordable Top B-Schools

  1. Pricey MBA Programs With Generous Aid
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    Pricey MBA Programs With Generous Aid

    How much of your own money do you need to get through a top MBA program? It's hardly a simple question. Here we try to help you sort through the numbers and the schools. On the slides that follow, we list the mean financial aid package offered by Bloomberg Businessweek's highest-ranked full-time MBA programs. These packages include loans. The remainder is what would be covered by a student's personal savings, private lenders, and any other creative funding sources that are available.

    For the estimated cost of attending each program, we used the school's suggested student budget for the most recent academic year available, which includes tuition, fees, and living expenses for one person. We then used that to determine the percentage of costs covered by aid and an estimate of remaining costs for one year.  The schools are ranked based on the annual costs a recipient of the average aid package at each school would have to pay from nonaid sources. (Four schools, Wharton, Booth, Duke, and Haas, did not provide financial aid information.)

    Photograph by Jonathan Kitchen/Getty Images
  2. 1. University of Michigan
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    1. University of Michigan

    Ross School of Business

    Students receiving aid: 75 percent
    Average aid package: $53,469
    Annual budget: $73,904
    Costs covered by aid: 72.3 percent
    Estimated costs remaining: $20,435
  3. 2. Massachusetts Institute of Technology
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    2. Massachusetts Institute of Technology

    Sloan School of Management

    Students receiving aid: 69 percent
    Average aid package: $68,275
    Annual budget: $88,949
    Costs covered by aid: 76.7 percent
    Estimated costs remaining: $20,674
  4. 3. Cornell University
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    3. Cornell University

    Johnson Graduate School of Management

    Students receiving aid: 75 percent
    Average aid package: $54,579
    Annual budget: $76,306
    Costs covered by aid: 71.5 percent
    Estimated costs remaining: $21,727
  5. 4. University of Virginia
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    4. University of Virginia

    Darden School of Business

    Students receiving aid: 69 percent
    Average aid package: $60,025
    Annual budget: $81,833
    Costs covered by aid: 73.3 percent
    Estimated costs remaining: $21,808
  6. 5. Harvard University
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    5. Harvard University

    Harvard Business School

    Students receiving aid: 60 percent
    Average aid package: $62,557
    Annual budget: $87,200
    Costs covered: 71.7 percent
    Estimated costs remaining: $24,643
  7. 6. Northwestern University
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    6. Northwestern University

    Kellogg School of Management

    Students receiving aid: 60 percent
    Average aid package: $58,610
    Annual budget: $84,454
    Costs covered by aid: 69.4 percent
    Estimated costs remaining: $25,844
  8. 7. Stanford University
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    7. Stanford University

    Stanford Graduate School of Business

    Students receiving aid: 70 percent
    Average aid package: $61,083
    Annual budget: $90,531
    Costs covered by aid: 67.5 percent
    Estimated costs remaining: $29,448
  9. 8. Columbia University
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    8. Columbia University

    Columbia Business School

    Students receiving aid: 51 percent
    Average aid package: $59,128
    Annual budget: $90,698
    Costs covered by aid: 65.1 percent
    Estimated costs remaining: $31,570
  10. 9. Dartmouth College
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    9. Dartmouth College

    Tuck School of Business

    Students receiving aid: 70 percent
    Average aid package: $56,179
    Annual budget: $88,400
    Costs covered by aid: 63.5 percent
    Estimated costs remaining: $32,221
  11. 10. Carnegie Mellon University
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    10. Carnegie Mellon University

    Tepper School of Business

    Students receiving aid: 79 percent
    Average aid package: $42,602
    Annual budget: $78,816
    Costs covered by aid: 54 percent
    Estimated costs remaining: $36,214