Post 9/11 GI Bill Analysis for Top 16 U.S. MBA Programs

by , Mar 13, 2012

This chart looks more complicated than it really is. First of all, you should only use it to ballpark your personal tuition and fees. In fact, I would recommend that you calculate your situation yourself via theGI Bill calculatorand theYellow Ribbon Program Information by State/School.

Secondly, I only use the latest tuition and fees* off of each business schools website as of March 12, 2012. Fees with an asterisk as each school has a variety of fees that may or may not make sense, but I basically include any mandatory fees excluding health care insurance.

Third, this analysis is for only for those with 36+ months of active duty service, i.e. those who qualify 100% for the GI Bill.

Fourth, thisdoesn'tinclude fellowships and scholarships, although I will be making a separate post on schools with veteran-specific fellowships. GI Bill pays 100% of in-state tuition and fees. Most public schools use the Yellow Ribbon Program to erase the difference between in-state and out-of-state tuition rates. The Yellow Ribbon is huge, but you really have to notice the amount of slots. The schools with unlimited, you are golden. Im going to follow up with analysis on specific schools later, but for now, I just want to highlight that any veteran who has full GI Bill and Yellow Ribbon can attend Ross and Darden for free. Haas has 10 total slots for Yellow Ribbon and Anderson 30, so one can guesstimate that probably half will go to incoming students and the other half going to second year students.

Even without Yellow Ribbon, out-of-state students pay only a token cost at Haas and UCLA.Check out my website in the weeks to come for school by school analysis.

Private Schools:

 

School	Year 1 Tuition & Fees	Year 2 Tuition & Fees	GI Bill Tuition Assistance (2 Years)	Yellow Ribbon Slots	Yellow Ribbon Amount	Total Out of Pocket Costs (2 Years)	Living Allowance per month
Chicago (Booth)	$55,872	$54,252	$35,000	10	$4,540	$56,964	$1,566
Columbia	$58,750	$58,750	$35,000	32	$2,500	$72,500	$2,754
Cornell (Johnson)	$53,796	$53,796	$35,000	21	$99,999	$0	$1,167
Dartmouth (Tuck)	$56,160	$56,160	$35,000	Unlimited	$15,000	$17,320	$1,230
Duke (Fuqua)	$52,922	$51,382	$35,000	30	$18,000	$0	$1,161
Harvard Business School	$61,396	$61,396	$35,000	60	$10,000	$47,792	$2,274
MIT (Sloan)	$52,900	$52,900	$35,000	20	$7,500	$40,800	$2,274
New York (Stern)	$51,942	$51,942	$35,000	25	$10,000	$28,884	$2,754
Northwestern (Kellogg)	$54,000	$54,000	$35,000	50	$15,000	$13,000	$1,566
Stanford GSB	$56,928	$56,928	$35,000	Unlimited	$9,000	$42,856	$2,076
UPenn (Wharton)	$61,082	$61,082	$35,000	30	$10,000	$47,164	$1,623
Yale School of Mgt.	$56,530	$56,530	$35,000	50	$5,000	$58,060	$1,923