Cornell MBA Total Cost and Funding Tips

The total cost of the Cornell MBA Program for two years is $222,872, whereas the first year cost is $111,436.

Total Cost (Cornell MBA) (1 Year)

The student activity fee, health cost, and administrative fee for the two-year MBA in Ithaca are among the required payments for the first year of the student's MBA program.

The total cost for one year, i.e., $111,436, covers Tuition ($83,106), Student Activity Fee ($110), Housing and Food ($19,428), Books and Supplies ($2,650), Health Fees ($550), Miscellaneous ($2,398) and Transportation ($3,194).

Total Cost (Cornell MBA) (2 Years)

The total two-year fees for Cornell MBA for the 2023-24 academic year are $222,872, which has increased by 3.9%.

Apart from the mentioned expenses, other additional expenses include the computer fee, which is only one-time, International course trip expenses, and Dependent Child Care expenses.

Expenses (2024-25)	Fall/Spring Term
Tuition	$83,106
Student Activity Fee	$110
Health Fee	$550
Housing	$12,296
Meals	$7,132
Books and Supplies	$2,650
Personal/Transportation	$3,194
Miscellaneous	$2,398
Total	$111,436

Cornell MBA Cost: 2023-24 VS 2024-25

The Cornell MBA program's tuition fees have increased from $79,910 in 2022-23 to $83,106 in 2024-25, marking a 3.99% rise. The student activity fee has also seen an increase from $85 in 2023 to $110 in 2024, representing a significant 29.41% increase. Health fees have risen from $500 in 2023-24 to $550 in 2024-25, reflecting a 10% increase.

In terms of living expenses, housing costs have increased from $11,562 in 2023-24 to $12,296 in 2024-25, a 6.34% rise, while meal expenses have also seen a slight increase from $6,992 in 2023-24 to $7,132 in 2024-25, a 2% rise. However, there has been a slight decrease in the budget allocated for books and supplies, from $2,700 in 2023-24 to $2,650 in 2024-25, reflecting a 1.85% decrease.

Personal and transportation expenses have seen a moderate increase from $3,042 in 2023-24 to $3,194 in 2024-25, marking a 4.99% rise. Miscellaneous expenses have also experienced a slight decrease from $2,420 in 2023 to $2,398 in 2024, reflecting a 0.91% decrease.

Overall, the total cost for the Fall/Spring term has increased from $107,211 in 2023-24 to $111,436 in 2024-25, representing a 3.94% increase.

Expenses	Fall/Spring Term (2023-24)	Fall/Spring Term (2024-25)
Tuition	$79,910	$83,106
Student Activity Fee	$85	$110
Health Fee	$500	$550
Housing	$11,562	$12,296
Meals	$6,992	$7,132
Books and Supplies	$2,700	$2,650
Personal/Transportation	$3,042	$3,194
Miscellaneous	$2,420	$2,398
Total	$107,211	$111,436

Cornell MBA Funding Tips

To finance the two-year MBA program fee at Cornell, students can choose from the four funding options – scholarships and grants, fellowships, outside scholarships, and private loans.

Scholarship and Grants

Johnson offers $14 million in total scholarships each year. Around 35% of the accepted students receive scholarships. An admissions scholarship committee chooses the recipients and notifies them of the award as part of the admission decision notification process.

Johnson Endowed and Annual Scholarships: Cornell offers endowed scholarships with the support of donations from alumni, business partners, and private donors. Enrolling students qualifying for the merit awards are automatically eligible for these named awards.

Consortium for Graduate Study in Management Fellowship: Accepted Candidates who submit applications through The Consortium are considered for merit-based Fellowships with full tuition and ongoing professional development opportunities. The underrepresented groups – both citizens and permanent legal residents, showing a dedication to The Consortium's mission, are eligible for The Consortium Fellowship.

Park Leadership Fellowships: Up to twenty-five incoming students receive the fellowship, which covers their entire tuition costs each year. Only American citizens are eligible to apply for Park Fellowships. Applicants who submit an online application during the September or January Application Rounds or by the Consortium Early Application or Consortium Traditional Application Deadlines are considered for the Park Leadership Fellowship.

Forté Fellows Program: The Forté Fellowship is open to exceptional female candidates of all national origins who have been accepted. The admissions committee chooses the Forte Fellow. A separate application is not required.

ROMBA Fellowship: To show that business schools are the best place to develop the out LGBTQ and active ally business leaders of tomorrow, top business schools and Reaching Out collaborated to create the Reaching Out LGBTQ MBA Fellowship Program. Two beneficiaries will receive a minimum $10,000 scholarship per school year.

Sage Scholars Program: Johnson selects a small number of applicants each round to be named a Sage Scholar and awarded a scholarship on the basis of academic achievement as measured by undergraduate GPA and GMAT/GRE Score. Sage Scholars will be selected during the admissions process. No separate application is needed, but in order to be considered, students must submit a GMAT/GRE score during the admissions process.

The MD MBA Dual Degree Program (Lee Family Scholarship): The dual MD/MBA degree program is intended for individuals who desire to combine a medical profession with a business career. It trains students for leadership positions in major healthcare organizations, pharmaceutical corporations, biotechnology companies, and other health-related industries.

Lester B. Knight M.Eng./MBA Scholarship: Top students are encouraged and supported by the Lester B. Knight Scholarship to pursue MBA and M.Eng. degrees at Cornell. Knight Scholarships can offer up to $60,000 in tuition assistance. The students who are enrolled in the M.Eng. degree program at Cornell receive Knight Scholars worth a $15,000 tuition award per semester for up to two semesters and a $15,000 tuition award per semester for up to two semesters while enrolled in the MBA degree program.

Peter and Stephanie Nolan Veterans Scholarship: Peter Nolan, MBA '82, and his wife Stephanie Nolan '84, who is a Cornell Trustee Emeritus, have donated nearly $2 million to this scholarship to support American military veterans pursuing an MBA.

GI Bill Assistance (Post 9/11 and Yellow Ribbon): In addition to the Post-9/11 tuition benefit, Cornell University and Johnson signed a contract with the US Department of Veterans Affairs in order to participate in the Yellow Ribbon Program.

Roy H. Park Leadership Fellows Program: The Roy H. Park Fellowship is a two-year full-tuition fellowship award given to up to 25 full-time Johnson MBA candidates who have shown exceptional leadership potential. The curriculum was developed on a leadership premise that promotes leadership development. Park Fellows participate in an intensive leadership development program in addition to their MBA curriculum. Applicants who submit an online application during the September or January Application Rounds or by the Consortium Early Application or Consortium Traditional Application Deadlines are considered for the Park Leadership Fellowship.

Outside Scholarships: Outside scholarships are designed with a pre-MBA undergraduate degree, ethnicity, gender, citizenship, pre-MBA industry, and pre-MBA function as selection criteria.

Scholarship	Eligibility	Awards
AICPA Scholarships – American Institute of CPAs	For accounting students
AIGC Fellowship – American Indian Graduate Center	American Indian and Alaska Native students
American Indian Education Fund Scholarship – Partnership with Native Americans	American Indians and Alaskan Natives
Career Development Grants – American Association of University Women	women with a bachelor's degree who are planning to change jobs, advance in their current positions, or return to the workforce	$2,000 to $12,000
Cobell Scholarship Program	American Indian or Alaska Native student
College Scholarship Program – Hispanic Scholarship Fund	Hispanic heritages who are nationals of U.S. citizen or Permanent Legal Resident
Daniel B. Goldberg Scholarship – Government Finance Officers Association	Citizen or permanent resident of US or Canada
The Dolores Zohrab Liebmann Fund	U.S. citizens
Education for Sustainable Energy Development – Global Sustainable Electricity Partnership	Students majoring in sustainable energy development	Up to $23,000 per year
Emerging MBA Scholars – McKinsey & Company
Federal Employee Education & Assistance Fund (FEEA)	merit-based scholarship
GDMF Scholarships – Glen Doherty Memorial Foundation
Goldman Sachs MBA Fellowship – Goldman Sachs	Outstanding students	$35,000 award in addition to the Summer Associate salary
Graduate Research Fellowship Awards – National Science Foundation	diverse individuals
Graduate Women International	For Women
International Fellowships – American Association of University Women	Women Applicants	$18,000-$30,000.
Jane M. Klausman Women in Business Scholarship – Zonta International	Women pursuing undergraduate and master’s degrees in business
Korean American Scholarship Foundation	Korean American students
LunaCap Foundation	Students of Mexican descent, Active Military, or U.S. Armed Forces Veterans
MBA Scholarship Program – National Black MBA Association, Inc.	outstanding minority students	$2,500 to $15,000
Military Scholarships – Affordable Colleges	Military and Veterans
Minorities in Government Finance Scholarship – Government Finance Officers Association	Student pursuing public administration, business administration, accounting, finance, political science, economics	$10,000
National Federation of the Blind Scholarship – National Federation of the Blind	legally blind persons in higher education	$3,000 to $12,000
National Italian American Scholarships – National Italian American Foundation	Outstanding students
National Society of Hispanic MBA (NSHMBA) Scholarship Program – National Society of Hispanic MBA	Hispanics pursuing Master’s Degrees	$2,500–$10,000
Orbis Investment Management MBA Fellowship – Orbis Investment Management	students passionate about investment management
Paul and Daisy Soros Fellowships for New Americans	New Americans, immigrants or their immigrants	$90,000
Point Foundation – The National LGBT Scholarship Fund	LGBT students
Reaching Out LGBT MBA Fellowship – Reaching Out MBA	LGBT young professionals
Robert A. Toigo Foundation	Minority professionals committed to careers in finance
Samvid Scholars	future leaders and changemakers
Selected Professions Fellowships – American Association of University Women	women who wants to pursue a full-time MBA	$5,000 to $12,000
Thomas R. Pickering Graduate Foreign Affairs Fellowship – The Woodrow Wilson National Fellowship Foundation	Students who is willing to pursue a career in the U.S. Department of State's Foreign Service from all ethnic, racial, and social backgrounds.
The Veritas Education Scholarship – Veritas	Students pursuing majors in the business world
Council for International Exchange of Scholars (CIES)	international students in over 140 countries,
East-West Center	International Students
Institute of International Education	social scientists from Mexico and Central America
International Research and Exchanges Board	International Students
International Financial Aid and College Scholarship Search	international students wishing to study abroad
International Scholarships Online	international students wishing to study abroad
The Ron Brown Scholar Program	minority students
Thomson Peterson’s Financial Aid Information
Australia to US Fellowship – American Australian Association	Australian Nationals	$40,000
Belgian American Educational Foundation Conditional Grants	Belgian student pursuing MBA from US	tuition and living expenses
Fundaçaõ Estudar	Brazilian Students
Instituto Ling	Brazilian Student
Canadian Scholarships	Canadian Students
Agencia de Cooperación Internacional (ACGI)	Chile Nationals
Colfuturo Scholarship Program – Colfuturo	Columbians Students
Onsi Sawiris Scholarship Program	Egyptian Students
FANTEL Scholarships for Higher Education	Nationals of El Salvador
BRED Grand’Ze – BRED	France Nationals
Serge Bellanger French-American Student Scholarship – French-American Chamber of Commerce	France Nationals
Deutscher Akademischer Autauschdienst – German Academic Exchange Service	Germany Nationals
The Hungarian American Enterprise Scholarship Fund (HAESF)	Hungarian Student
Becas Magdalena O. Vda. de Brockman (MOB) Scholarship	Mexico Nationals
CONACyT	Mexico Nationals
FIDERH – Banco de Mexico	Mexico Nationals
FUNED	Mexico nationals
Fulbright-Platinum Triangle Scholarship Award in Entrepreneurship	New Zealand Students
Prime Minister’s Business Scholarships – Ministry of Business, Innovation & Employment	New Zealand Students
Fulbright Scholarships	Norweigan Students
Fulbright Scholarships	Peru Nationals
Banc de Credito Peru – Loan Program	Peru nationals
Fundacion Rafael del Pino	Spanish students
Sainsbury Management Fellows’ Society	Nationals of the United Kingdom
Career Development Loans	Nationals of the United Kingdom

Endowed and Annual Scholarships at Cornell MBA

In addition to the scholarship awarded based on eligibility and selection criteria from nationality, gender, professional background, and Merit, Cornell also has endowed scholarships - funds earned from the interest of donations from Alumni and prominent entrepreneurs. The awards are delivered annually. Here is a selected list of the funds available for all students.

Annual Scholarships
Albert Fried, Jr. Fellowships	James A. and Candy Romine Belasco Scholarship	Girish Reddy Ezra Cornell Scholarship	Cayuga MBA Fund Scholarship
Alvarez Family Trust Professional Scholarship	James E. and Faith Morrow Graduate Fellowship	Christopher Ciafardini Memorial Scholarship	Glenn and Shirley Sacra Scholarship
Andrew and Amy Horrocks Professional Scholarship	James L. and Maria A. Hudak Scholarship	Christopher T. Emmet Scholarship	Greenhill Corporation Endowed Scholarship
Angear European Scholarships	James, Earle and Scott Weaver Scholarship	Greg Dollarhyde Fellowship	Chu Family Scholarship
Ann and Robert Calkins Family Graduate Scholarship	Jan Suwinski Professional Scholarship	Chul-Joon Park ’88 Graduate Scholarship	Gunnar S. Overstrom, Jr. Graduate Fellowship
Antonio M. Alvarez III Scholarship	Class of 1958 Scholarship	H. L. Tower Scholarship	Janice Long Beekman and Jeffrey Scott Beekman MBA ’78 Professional Scholarship
Arthur Snyder Family Fellowship	Jeanne Herron Linderman ’53 Veterans Scholarship	Class of 1969 Scholarship in Honor of Professor Jerry Hass	H. Stanley Krusen Scholarship
Beatrice R. Kanders Memorial Scholarship	Henry and Marcelle Morgenthau Fellowships	Class of 1974 Scholarship	John Bodenmann 1958 Veterans Scholarship
Boda Charitable Star Trust Scholarship	John R. Clark Sr. Professional Scholarship	Class of 2001 International Scholarship	Herman Roseman Memorial Scholarship
Breber Family Professional Scholarship	Johnson Class of 1990 Scholarship	Class of 2005 Scholarship in Memory of Tiffany Burns	Horrocks Family Scholarship
Bunson Family Goldman Sachs Graduate Scholarship	Johnson Class of 1998 Scholarship	Curtis W. Tarr Scholarship Fund	Howard J. Golden and Family Fellowship
Byron E. Grote, MS ’77, PHD ’81 Johnson Professional Scholarship	Johnson Class of 2004 Scholarship	David A. and Sandra L. Yeater Scholarship	Indira Narayana & Narayana Mariappa Professional Scholarship at Johnson
Byron Roth MBA ’87 Professional Scholarship	Johnson Endowed Scholarship Fund	Derr Family Scholarship	International Scholarship for Management Students
Carlos and Clara Quintanilla Fellowship	Johnson School of Management Endowed Scholarship	J. Squire Junger Scholarship	Dino and Julie Trevisani Graduate Fellowship
Carrie Chiang and Ting Family Fellowship	Jonas Weil Entrepreneurial Fellowship	J.P. Morgan Chase Endowed Scholarship	Dulski Family Scholarship
Duncan and Gail Russell Graduate Fellowship	Paul J. Gerwin ’51, MBA ’52 Memorial Professional Scholarship	Kathryn A. Smith Scholarship	Marilyn Smith Tarr Scholarship
Edward R. Novicky Scholarship Fund	Melvin G. de Chazeau Scholarship	Kena Evans Thompson ’93, MBA ’98 & Michael J. Thompson, MBA ’98 Professional Scholarship	Paul J. Regan Scholarship
Edward S. Flash Jr. School of Management Memorial	Peter and Stephanie Nolan Veterans Scholarship	Ki Kon Chai MBA ’57 Graduate Scholarship	Menahem and Claire Mansoor Scholarship
Eiko and Sudi Mariappa Scholarship	Peter Hopkins Memorial Scholarship	L. Joseph Thomas International Scholarship	Michael J. Bachich Fellowship
Emma & Joseph Cherian Scholarship	Prescott C. Miller Scholarship	Michael R. Riordan Memorial Scholarship	Lauren J. Brisky, MBA ’75 Professional Scholarship
Eric H. Beringause Scholarship	Prometheus Scholarship	Michael Thomas Torphy Memorial Scholarship	Laurence A. Tisch Memorial Scholarship
Frederick T. Bent Memorial Scholarship	Raj Davé ’13 Professional Scholarship	Mills Family Professional Scholarship	Lee and Swaminathan Fellowship
Garza Garcia Family Fellowship	Randall C. Chafetz Graduate Fellowship	Lee Family Scholarship	Neal Dow Becker Memorial Scholarships
George & Priscilla Slocum Scholarship	Randolph & Robert Roshirt Ezra Cornell Scholarship	Nell Oliver Thomas and Duncan Thomas Graduate Fellowship	Lester B. Knight Scholarships
George D. and Douglas F. Hano Scholarship	Raymond H. & Lotte J. Potter Scholarship	Luisa M. Velasquez MBA ’12 Memorial Scholarship	Osamu Sasaki Scholarship
George D. and Karen S. Levy Fellowship	Richard and Karen Bulman Scholarship	Luthra-Desai Family Professional Scholarship	Park Fellows Class of 2004 Professional Scholarship
Richard H. Nelson Faculty Professional Scholarship	Tompkins Trust (W.H. Burns) Scholarship	Spencer Stuart and Associates Scholarship	William S. Smith Scholarship
Richard J. Reynolds, Sr. Scholarship	Valtec Scholarship Fund	Steven H. Brooks MBA’74 Memorial Fellowship	Wurzel Family Scholarship
Robert and Elaine Holzman Scholarship Endowment Fund	Veterans Graduate Scholarship	Ruth and Morris Abner Scholarship	Steven Shindler and Mary Kay Kosnik Fellowship
Robert and Laura Andolina Graduate Fellowship	Walter C. Teagle Memorial Scholarship	Sarah L. (Sally) Merten Scholarship	Strategic Operations Scholarship
Robert and Shannon Collins Professional Scholarship	Wells Family Graduate Fellowship	Sylvia F. and Malcolm K. Fowler Scholarship	Sheila Kenyon Memorial Scholarship
Roberto and Gail Cañizares Professional Scholarship	Spencer Stuart and Associates Scholarship	Symington Family Professional Scholarship	Shyam and Julie Venkat Fellowship
Robert M. and Carol Colby Tanenbaum Scholarship	Sofia Garza Memorial Scholarship	Thomas R. and Ann P. Dyckman Scholarship	Social Enterprise and Entrepreneurial Development Scholarship
Roma Family Scholarship	Thomas R. Dyckman Fellowship

Loan Programs

Repayments on manageable student loans range from 6.5 to 12% of post-tax income or 5 to 9.5% of gross starting wage. Unsubsidized Loans and PLUS Loans, which are offered to Graduate or Professional Students, are the two federal direct loan programs.

Federal loan programs may be replaced with private loans from various commercial lending companies. Loans need to be applied for separately with the lender. The borrower's credit history, credit score, and fixed and variable rate offer all influence interest rates.

Financial Planning for International Students

A no co-signer loan is available to accepted students in the full-time Two-Year MBA and One-Year Johnson Cornell Tech MBA programs. This loan is provided due to the partnership between Johnson and QUORUM Federal Credit Union (QFCU). The fund allows international students to get loans up to the cost of tuition (plus $10,000 over the program duration to help cover fees) without a co-signer.

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