How, Where, Aid Will Slash Your B-School Bills

How, Where, Aid Will Slash Your B-School Bills by: Marc Ethier on January 02, 2018 | 3 Comments Comments 2,988 Views January 2, 2018Lets not dance around the issue: If youre planning to attend business school at a major college or university, its not going to be cheap. And unless mom and dad are footing the bill or youre an academic superstar who earned a full ride, youll need to secure some aid on your way to getting that BBA.Fortunately for those determined to take this journey, most schools offer aid — and some schools offer A LOT. We crunched the numbers, analyzing data from the 82 schools in our second annual ranking,  and found that 15 schools have total costs of $250,000 or more, ranging as high as Wake Forest Universitys $276,520 — but that after available scholarships are applied, only four schools remain in that lofty price range. In addition to Wake Forest ($268,465), they are: Fordham University ($262,158), Providence College ($258,513), and Georgeto wn University ($250,139).Dont get too excited. There are still 30 schools in the ranking where the total cost post-scholarship is $200,000 or more. And within that subset of schools, aid ranges from the tiny — $3,875 for out-of-state students at the University of Virginia McIntire School of Commerce — to the huge, $40,931 at Carnegie Mellon Universitys Tepper School of Business. The latter, received by more than half of Tepper undergrads, happens to also be the high-water mark for all school aid averages.if(undefined==typeof window.datawrapper)window.datawrapper={};window.datawrapper[rCXrL]={},window.datawrapper[rCXrL].embedDeltas={100:532,200:482,300:482,400:457,500:457,600:457,700:457,800:457,900:457,1000:457},window.datawrapper[rCXrL].iframe=document.getElementById(datawrapper-chart-rCXrL),window.datawrapper[rCXrL].iframe.style.height=window.datawrapper[rCXrL].embedDeltas[Math.min(1e3,Math.max(100*Math.floor(window.datawrapper[rCXrL].iframe.offsetWidth/100),100))]+p x,window.addEventListener(message,function(a){if(undefined!=typeof a.data[datawrapper-height])for(var b in a.data[datawrapper-height])if(rCXrL==b)window.datawrapper[rCXrL].iframe.style.height=a.data[datawrapper-height][b]+px});MOST LEAST EXPENSIVE SCHOOLS, HIGHEST LOWEST AMOUNT OF AIDA word about methodology. We did not use simple subtraction to arrive at post-scholarship figures. We took into account the percentage of students receiving aid. So thats why Wake Forest can cost $276,520 before scholarships and $268,465 after, despite the average scholarship amount being $22,375. Its because only 36% of students actually receive aid, meaning the average of the overall class is actually much less than $22,375 — its around $8,000.Wake Forest is one of several schools with relatively small percentages of students receiving aid. In fact, only 10 schools in our ranking fall below the 40% threshold for students getting assistance, with the lowest being 12% at Temple Universitys Fox School of Business, which also boasted the smallest average amount of aid ($1,716).  On the flip side, there were four schools with 100% of students getting aid, and another six with nearly 100%.if(undefined==typeof window.datawrapper)window.datawrapper={};window.datawrapper[6J1Z9]={},window.datawrapper[6J1Z9].embedDeltas={100:557,200:507,300:482,400:482,500:457,600:457,700:457,800:457,900:457,1000:457},window.datawrapper[6J1Z9].iframe=document.getElementById(datawrapper-chart-6J1Z9),window.datawrapper[6J1Z9].iframe.style.height=window.datawrapper[6J1Z9].embedDeltas[Math.min(1e3,Math.max(100*Math.floor(window.datawrapper[6J1Z9].iframe.offsetWidth/100),100))]+px,window.addEventListener(message,function(a){if(undefined!=typeof a.data[datawrapper-height])for(var b in a.data[datawrapper-height])if(6J1Z9==b)window.datawrapper[6J1Z9].iframe.style.height=a.data[datawrapper-height][b]+px});Post-scholarship, there are 10 schools that fall below the $100,000 threshold. Least expensive of al l is the University of Utahs Eccles School of Business, which comes in with a tally of $82,241, just below Oklahoma State Universitys Spears School of Business ($83,379).Of course, all of this begs the question: After aid, how much debt are students actually graduating with? Good news: We wrote a whole story exploring that topic!(See the next pages for a complete list of schools in our 2017 ranking, re-ranked according to total cost and total cost after scholarships.) Page 1 of 3123 »