Tuition & Financial Aid

MBA Programs


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Tuition

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)

Duluth Rochester
Per Credit $941.00 per credit $1045.00 per credit
Per Course

$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

Total Program $30,112.00 $33.440.00

Other information about Tuition costs, fees and other financial topics can be found here.

Financial Aid

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. Apply Today!. Application deadline is July 15, 2018.

Fellowship critera include:

  • Current MBA Student or Applicant Eligible for Admission
  • Good Academic Standing
  • Exceptional Potential in their Field

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. Apply Today!. Application deadline is July 15, 2018.

Fellowship critera include:

  • High school graduate from Duluth, Superior, Proctor, Esko and Hermantown who will be enrolled as a full-time student in the Labovitz MBA program
  • An undergraduate GPA of 3.00 or higher
  • Financial need

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. Apply Today!. Application deadline is July 15, 2018.

Fellowship critera include:

  • Demonstrated Financial Need
  • Academic Caliber
  • Level of Prior Work Experience

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. Apply Today!. Application deadline is July 15, 2018.

Fellowship critera include:

  • Academic Merit
  • Level of Supervisory Work Experience and Ability to Bring This Work Experience into the MBA Classroom
  • Academic Committment to the Program

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 here.