Carnegie Mellon’s Tepper School Among ‘Most Affordable Top B-Schools’

MIT’s Sloan School of Management, Harvard Business School,Dartmouth College’s Tuck School, Cornell’s Johnson School, Columbia University, Carnegie Mellon’s Tepper School and the University of Virginia’s Darden School are among Bloomberg Businessweek’sMost Affordable Top B-Schools.

The business schools were chosen based on Businessweek's highest-ranked full-time MBA programs and the financial aid package offered by them. The financial packages include loans and the remainder is what would be covered by a student's personal savings, private lenders and any other creative funding sources.

For the estimated cost of attending each program, Businessweek used the school's suggested student budget for the most recent academic year available, which includes tuition, fees, and living expenses for one person. This was then used 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 non-aid sources.

Here’s a snapshot of some of the business schools on the list, along with their rankings on the list:

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

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

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

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

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

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

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

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