Wharton MBA Financial Aid and Tuition

Pursuing your MBA is an investment in yourself and in your future. Wharton is committed to helping you explore financing options so that you make informed decisions. For more information, check out our Value of a Wharton MBA page to learn more about what you gain when you invest in your future with Wharton.

MBA Program Tuition and Cost Breakdown

2025-2026 Budget

First Year BudgetSecond Year Budget
Tuition/Fees
Tuition $87,970$87,970
University Fees$4,670$4,670
Total Tuition & Fees$92,640$92,640
Living Expenses
Room$19,390$19,390
Board $8,930$8,930
Books and Supplies$1,080$1,080
Transportation $1,000$1,000
Personal $4,522$4,522
Health Insurance$4,662$4,662
Total Expenses$39,584$39,584
Total MBA Cost$132,224$132,224

Lauder MBA/MA Tuition and Cost Breakdown

2025-2026 Budget

First Year BudgetSecond Year Budget
Lauder Summer Tuition$14,500-
Lauder Academic Year Fee$16,200$16,200
Lauder Summer Living Expenses$12,902-
Total MBA/Lauder Expenses$175,826$148,424

Learn more about Lauder Institute Tuition and Financial Aid here.

Please note: The Cost of Attendance budget includes average estimates of expenses directly related to a student’s education. We recommend students also budget for extra curricular activities that are not in the financial aid Cost of Attendance budget. These include fees for clubs, costs of attending networking events, student trips, and more. 

External Resources

Third Party Sponsorships

An organization (i.e. public or private sector sponsor including military agencies, educational institutions, international embassies, or state prepaid tuition programs) can commit to pay your educational expenses. The University of Pennsylvania will bill outside organizations (sponsors) by preparing a separate invoice listing your tuition, fees, and other charges. Third Party sponsorships count in the determination of student loan amount eligibility. Fellowship funding may also reduce the amount of sponsorship funding a student may receive based on funding restrictions.

External Scholarships

We encourage all students to explore scholarship opportunities made available by companies, clubs, organizations, and/or corporations with whom they may be affiliated.

Military Benefits

Yellow Ribbon Program

The Yellow Ribbon Program (YRB) is a provision of the Post-9/11 Veterans Educational Assistance Act of 2008. Wharton offers grant funds through the Yellow Ribbon Program for veterans and is committed to funding all students who are 100% eligible under the Post-9/11 GI Bill®.  You can find details and eligibility guidelines for the Post-9/11 benefits, including the Yellow Ribbon Program, at www.gibill.va.gov.

If you are on active duty or are a veteran, we will waive your application fee; Please call the financial aid office (215) 898-8728 when you’re ready to submit your application.

Eligible applicants may receive a maximum Yellow Ribbon Award of up to $23,000. The Dept. of Veteran Affairs (VA) will match the award amount that we grant. If you are eligible for the Yellow Ribbon Program, you must indicate Yellow Ribbon eligibility by submitting a VA Certificate of Eligibility (COE) to Student Registration and Financial Services.

Post-9/11 GI Bill® is a registered trademark of the U.S Department of Veteran Affairs (VA). More information about educational benefits offered by the VA is available at the official U.S government website at www.benefits.va.gov/gibill.

Wharton MBA Financial Aid Office

MBA Admissions and Financial Aid
The Wharton School
University of Pennsylvania
Dinan Hall, Suite 111
Philadelphia, PA 19104.6340

Email: financialaid@wharton.upenn.edu
Website: mba.wharton.upenn.edu
Phone: 215-898-8728

Hours of Operation:  9:00AM – 5:00PM EST, Monday through Friday

Penn Student Financial Services Office

Student Financial Services
University of Pennsylvania
005 Franklin Building
3451 Walnut Street
Philadelphia, PA 19104-6270

Email: sfsmail@exchange.upenn.edu
Website: www.srfs.upenn.edu
Phone: 215-898-1988