How Much Does an MBA Course Cost at Stern?

An MBA from NYU Stern is a big investment, and knowing the costs helps in planning your finances. 

The total expense includes tuition, fees, and living costs in New York City. 

This article breaks down the costs for the full-time MBA program at Stern and answers common questions about expenses.

Cost of Attendance for Full-Time MBA Students

The table below shows the estimated budget for MBA1 students for the 2024-2025 academic year based on a nine-month academic year.

NYU Stern Tuition & Fees
Tuition	$86,916
Orientation Fee (LAUNCH)	$1,960
Living Expenses
Food	$6,450
Room & Board	$23,588
Books & Supplies	$1,500
Transportation	$2,342
Miscellaneous	$4,500
Health Insurance	$4,346
Loan Fees	$216
Total	$131,818

Does NYU Stern Offer Scholarships or Financial Aid?

Yes, NYU Stern provides scholarships and financial aid to help students manage costs.

Many students receive merit-based scholarships, which do not require repayment.

Need-based aid is also available, and students can apply for federal or private loans.

The school encourages applicants to fill out the FAFSA to determine eligibility for financial assistance.

Are There Additional Costs Beyond Tuition and Fees?

Apart from tuition, students must budget for living expenses in New York City.

Housing, food, transportation, and personal expenses add up quickly.

Health insurance is mandatory unless a student has comparable coverage.

Books and supplies, along with occasional travel or networking events, can also increase costs.

How Does the Cost Compare to Other Top MBA Programs?

Stern’s tuition is similar to other top business schools like Wharton and Columbia.

However, living expenses in New York City are higher than in smaller cities.

Schools in less expensive areas may have lower overall costs, but Stern’s location offers strong career opportunities that can offset expenses.

Can International Students Get Financial Support?

International students can apply for merit-based scholarships at Stern.

However, they are not eligible for federal loans in the U.S. Private loans may require a U.S. co-signer.

Some students secure funding through sponsorships or loans from their home countries.

Stern’s financial aid office assists international students in finding suitable options.

What Payment Plans Are Available for Stern MBA Students?

NYU Stern offers payment plans to spread tuition costs over several months. Students can pay in installments instead of a lump sum.

This helps in managing cash flow, especially for those without scholarships or loans.

The bursar’s office provides details on available payment options.

Planning for an MBA at Stern requires understanding all expenses involved. 

Tuition, fees, and living costs add up, but scholarships and financial aid can help. 

Comparing costs with other schools and exploring payment plans makes the investment more manageable.