Tuition & Financial Aid
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The Labovitz MBA is designed to keep tuition costs as affordable as possible. In June of 2015, the Labovitz MBA program obtained approval from the University of Minnesota Board of Regents to reduce its tuition by 25% (the only program in the University of Minnesota system to reduce tuition in that year). Also, by placing the prerequisite courses outside of the MBA program, rather than incorporating them, we have been able to reduce the overall number of graduate-level courses (and thus graduate-level tuition) required. When comparing costs, make sure to compare total program costs—not just the per credit cost. You will see that the Labovitz MBA is competitively priced, especially for an AACSB accredited program with the global recognition of the University of Minnesota.
Tuition Costs (2017 - 18)
|Per Credit||$941.00 per credit||$1045.00 per credit|
$941.00 for a 1-credit course
$1882.00 for a 2-credit course
$2823.00 for a 3-credit course
$1045.00 for a 1-credit course
$2090.00 for a 2-credit course
$3135.00 for a 3-credit course
Other information about Tuition costs, fees and other financial topics can be found at http://d.umn.edu/onestop/student-finances/index.html
A number of employers provide tuition reimbursement assistance to employees who attend the Labovitz MBA program. In addition, there are a number of other ways to obtain assistance in covering the cost of a Labovitz MBA. These include:
- Thomas & Mary Duff Graduate Tuition Fellowship. The fellowship is intended to provide funds for graduate students enrolled in the Labovitz MBA Program in honor of Thomas B. Duff, a long-time faculty member and previous MBA director. The Labovitz School of Business and Economics is delighted to announce the availability of the Tom and Mary Duff Graduate Tuition Fellowship at $1,500 for the academic year. Application deadline is July 15, 2018.
- Fred C. and Mary H. Lewis UMD MBA Scholarship. Offered in partnership with the Duluth Superior Area Community Foundation, the UMD Labovitz School of Business and Economics (LSBE) is delighted to announce availability of the Fred C. and Mary H. Lewis UMD MBA Scholarship. The annual amount of the scholarship is $9,000 and it may be renewable for a second year based on performance in the program and responsible citizenship. Application deadline is July 15, 2018.
- Maki Graduate Tuition Fellowships. Thanks to funding from a private donor, the Labovitz MBA program is delighted to announce the availability of two Maki Graduate Tuition Fellowships at $6,000 each for the academic year. The Fellowship may be renewable for a second year based on performance in the program. Students who previously received the undergraduate Maki Scholarship will be given preference for the Maki Graduate Tuition Fellowship. Application deadline is July 15, 2018.
- LSBE Graduate Student Tuition Fellowships. The Labovitz MBA program also has a limited number of LSBE Graduate Student Tuition Fellowships. Thanks to funding from the Graduate School, we will be offering merit fellowships ranging from $1,000-$2,000 to students admitted into the MBA program. Application deadline is July 15, 2018.
In addition, federal educational loan programs also provide funding for graduate level programs such as the Labovitz MBA. You can find out more information about loan opportunities at http://d.umn.edu/onestop/student-finances/financial-aid/index.html