MBA Program Tuition and Fees 2024/2025
Tuition and fees are applicable for the 2024/2025 academic year. Effective date 9/1/2024.
2024-2025 MBA PROGRAM TUITION per year
| An award year (two semesters) assuming 12 credits (six credits per semester) | $13,500 |
| Per Semester Credit | $1,125 per credit |
DEGREE PROGRAM FEES (NON-REFUNDABLE)
| Application Fee | $50 (non-refundable) |
| Late registration | $50 per instance |
| Graduation Fee | $100 |
| Tuition Deposit | up to $300 |
| International Application Processing Fee | $100 |
Seven-week session students are charged no differently than semester students. Tuition is based on the number of credits taken in session I and/or session II and/or full 15-week semester.
TUITION DEPOSIT
For students who have been accepted, a tuition deposit of up to $300 must be paid within two weeks after receiving an acceptance letter and/or financial aid award letter. It will be refunded provided the College receives written notice of cancellation at least 30 days prior to the start of the applicable semester. No refunds will be made to persons canceling during this 30-day period.
TUITION PAYMENTS
Tuition is payable in advance. Tuition may be paid in person, by mail, or online through Student Self-Service. The Student Accounts Department accepts payment by cash, check, wire transfer, MasterCard, Visa, American Express, Discover, PayPal, Google Pay, Venmo, and Klarna.
Billing for tuition and fees is done on a semester basis, although students who wish to do so may make one payment in full for the entire academic year.
Subsequent semester bill information is available to students online through Student Self-Service approximately six weeks prior to the start of each semester. It is the student’s responsibility to obtain and pay the semester bill on time. Students who fail to do so are charged a late registration fee.
The College reserves the right to make any changes in the schedule of hours or in the courses of study that may be desirable.
TUITION FREEZE POLICY
Scope and Purpose
This Policy establishes the terms under which students enrolled in six or more credits in a graduate degree program may lock in their tuition rates. It applies to any student who is eligible for a tuition freeze at the start of the 2015 fall semester or becomes eligible thereafter.
A. Eligible Students
Tuition rates shall not increase for a student who
(1) maintains an enrollment of six or more credits in a graduate program for two consecutive semesters, beginning with the student’s first semester in that program; and
(2) thereafter maintains continuous enrollment in that graduate degree program, with no more than one semester of absence from the College; or
(3) is a military/veteran student readmitted to the same program after leaving it for active duty, beginning with the first academic year in which the student returns.
B. Procedures for Determining Eligibility
(1) The Student Accounts Department will review all pertinent information concerning each reactivated student enrolled in six or more credits in a graduate degree program, including the student’s tuition group, to determine whether such student is eligible for a tuition freeze and to verify that the student is charged the correct rate.
(2) As an additional control, the Student Accounts Department will (a) create a query that identifies students who were enrolled in six or more credits in a graduate degree program prior to the previous semester and (b) compare the resulting list to the assessment report to identify any possible errors.
C. Questions
Students should contact the Student Accounts Department in person, by email, or by phone if they have questions or need further information.
Email SAOnline@BerkeleyCollege.edu
Phone 973-200-1150
Professional Judgement (PJ) is the authority that the U.S. Department of Education gives to Financial Aid Administrators. All students who believe they have special or unusual circumstances are encouraged to contact Financial Aid for potential "Professional Judgement" determinations. Some Conditions that can be considered for PJ:
- Adjustments to the Cost of Attendance based on Dependent Care, Disability or any other unusual expenses.
- Adjustments to student income when reported income no longer represents their current circumstances.
What Is Cost of Attendance?
Federal law mandates that all institutions of higher education create and document the cost of attendance (COA).
COA is the estimated amount it will cost a student to attend college and is comprised of an estimate of the following costs: tuition and fees, housing and food (or living expenses), books, supplies, transportation, loan fees, and miscellaneous expenses (including a reasonable amount for the documented cost of a personal computer). Allowance for childcare or other dependent care, costs related to a disability, and reasonable costs for eligible study-abroad programs is not included in the COA, but can be added based on “Professional Judgement.”* It is important to know that the direct costs (tuition and fees) are the only items a student will be charged while the COA is what we use to determine need and award packages.
Berkeley calculates the COA to show the total cost for two semesters. The below COA charts can be difficult to understand, we recommend you read the following before reviewing them:
- COA is customized based on your chosen program, your dependency status and whether or not you are living with your parent(s).
- Due to the removal of the housing option from the 24-25 FAFSA, we are defaulting Dependent students to "living with their parent(s)" and Independent students to "not living with their parent(s)". This information will be on the award notice giving the student the ability to tell Financial Aid Office that they are living with their parent(s) or not.
- Housing and food are required elements to be added to the COA. They are part of the COA, however, does not mean that you will pay more for these items, just because you attend Berkeley. These are expenses you and/or your parents likely already have.
- The College is also required to include the cost of a laptop in the COA. That does not mean, however, that we are providing you with a laptop, nor does it mean you have to purchase one if you already have a suitable computer. If you do not have a laptop and need access to a computer, the College will assist when possible.
- The College supplies are mostly eBooks that you pay for as part of your tuition. We include additional expenses for books and supplies for all applicable programs.
- The federal student loan origination fees are also a required COA element. The College does not assume, however, that you will borrow, nor how much, should you choose to borrow loans. If you do not borrow loans, you will not incur this cost.
- COA is used to determine need as part of the multiple levels of federal packaging methodology. It does not represent, however, the amount of aid that you can receive.
- *If you believe your expenses are unusual and/or much higher than the COA estimates, you can appeal the COA by contacting the Financial Aid office. Financial Aid can make documented “Professional Judgement” adjustments. It is important to know, however, that increasing the COA does not always increase financial aid eligibility.
Financial Aid: Student Budgets for Award Year 2024-2025 for Graduate Degrees
| Full Time Graduate Degree - Not living with Parent | Full Time Graduate Degree - Living with Parent | |
|---|---|---|
| eBooks | $200 | $200 |
| Personal | $1,334 | $1,334 |
| Housing & Food* | $8,235 | $2,883 |
| Transportation | $1,575 | $1,575 |
| Average Loan Fees | $46 | $46 |
| Tuition | $9,925 | $9,925 |
| Total, Term | $21,315 | $15,963 |
| Total, Annual | $42,629 | $31,925 |
|
Students with Grad PLUS loan(s) may have their budget increased by $380 upon appeal. |
||
ESTIMATED COST OF FOOD - Includes 3 meals*
| Living with Parent | Not living with Parent |
|---|---|
| $1,571 | $2,619 |
OTHER IMPORTANT COST OF ATTENDANCE INFORMATION FOR GRADUATE DEGREES
First-time students at Berkeley College pursuing a Master’s degree are budgeted $500 for the first term for a laptop.