Financial Aid

Tuition & Financial Aid

The following tuition, fees, and living expense estimates can help you with planning. These are the estimated amounts included in the financial aid budget and don’t represent a student’s actual expenses. The University Cashier’s Office is responsible for billing tuition and has the most up-to-date amounts for charges. Please refer to the University Cashier’s website for actual tuition and fee charges for a given academic year.

Financial Aid Budgets (2019-2020)

Tuition and Fees

Tuition and Fees (Per Academic Year) N.C. Residents Non-N.C. Residents
Tuition and mandatory fees1 $51,202 $66,324
Total (with living expenses)2 $76,824 $91,946

1Tuition and fees are finalized the summer before each fall semester. This is an estimate. Tuition is expected to increase between 3-10% each academic year.
2A student’s total financial aid (scholarships, fellowships, and all education loans) cannot be more than the estimated living expenses plus tuition and fees.

Living Expenses

Living Expenses3 Per month Per academic year
Books N/A $972
Food $524 $4,716
Health insurance $288 $2,588
Housing $1,513 $13,620
Miscellaneous $208 $1,876
Federal Loan Fee N/A $254
Travel $177 $1,596
TOTAL $2,710 $25,622

3Living expense estimates are based on reasonable cost of living for the Chapel Hill area. Students whose lifestyle choices exceed the reasonable cost of living amounts are responsible for covering those choices through resources other than financial aid. Certain allowable expenses can be added, with documentation of the cost. These include computer purchase (up to $1,350), day care (for children under 13 only), and commuting (for students living more than 15 miles from campus).

Additional Costs

Additional Costs (academic year) N.C. Residents Non-N.C. residents
Additional Costs (academic year) N.C. Residents Non-N.C. residents
Other fees4 $895 $895

4Other fees, which are never included in the financial aid budget, are the $345 orientation fees, billed through the University Cashier’s Office on the fall bill for tuition and fees, and the $550 MBA Student Association dues are paid directly to the MBASA during the first week of classes.

Workshops

Additional Costs (Analytical Skills Workshop) All Students
Tuition and Fees5 $3,000 – $5,000
Living Expenses6 $3,860

5Tuition and fees for ASW are based upon a student’s actual enrollment.
6Living expense estimates are based on reasonable cost of living for the Chapel Hill area.

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