The cost of education is certainly important, and total tuition for an MBA can vary from less than $5,000 at the least expensive school to more than $80,000 at the most expensive. Cost, however, cannot always be equated to value. The value must include the quality and style of the education, the projected earnings over your working lifetime, the contacts that are made through classmates and alumni, and the doors that will be opened due to holding a degree from a good school. Except in cases of exceptional financial hardship, cost of tuition should not be the determining factor in selecting an MBA program.
In considering the cost of education, students can explore various sources of financial aid, including scholarships, assistantships, and loans. Schools have financial aid offices to help students with financial arrangements.