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Costs
Full-Time MBA Costs for 2007-08
The following financial aid costs are for the nine-month academic year 2007-08. However, University fees are subject to change and you should expect them to rise each year of the MBA program. This information is current as of May 17, 2007.
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CA RESIDENT |
NON-RESIDENT |
| UC Registration Fees |
$25,271 |
$24,095 |
| Non-Resident Tuition |
N/A |
$12,245 |
| Health Insurance |
$1,610 |
$1,610 |
TOTAL FEES |
$26,881 |
$37,950 |
| Rent & Utilities |
$10,038 |
$10,038 |
| Food |
$5,066 |
$5,066 |
| Transportation |
$2,570 |
$2,570 |
| Personal |
$2,338 |
$2,338 |
| TOTAL LIVING COSTS |
$20,012 |
$20,012 |
| Books & Supplies |
$2,500 |
$2,500 |
| TOTAL BUDGET |
$49,393 |
$60,462 |
California Residency
In many cases, US citizens or US permanent residents will qualify for California residency by their second year of graduate school. We strongly recommend that students pursue this, as it can significantly reduce their student fees (by an estimated $11,069 in 2007-08). Further information is available at http://registrar.berkeley.edu/Residency/legalinfo.html.
Computer Costs
All MBA students are required to have a laptop computer. Student discounts for laptop and software bundles are available at the Scholars Workstation, http://www.tsw.berkeley.edu/. After having made your computer purchase, you can have the expense added to your budget through the Budget Appeal process.
Estimated Haas Student Expenses
Through the years, many students have relied upon the expense estimates in the Haas MBA Program Bulletin when budgeting for their schooling. These figures have been determined by the university primarily for financial aid purposes. If you apply for financial aid, the official budget costs will be used to determine aid eligibility. There is general consensus among Haas students, however, that these numbers do not reflect a typical Haas student's actual living expenses.
Haas students report the following average local monthly rents in 2006: studio apartment $1087, one-bedroom apartment $1240, one person's share of a two bedroom apartment $1162, and one person's share of a three-bedroom apartment $965. These figures do not include utilities.
If a spouse or partner is accompanying you to Haas, you will not be able to have her/his expenses included in your budget. We recommend, for your own budgeting purposes, that you allow an additional $7,000 per nine months for her/his expenses. If a child is accompanying you, budget an additional $5,000 per academic year.
Please be aware that your situation may be different depending on the personal lifestyle choices made.
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- The mandatory Student Health Insurance Plan (SHIP) may be waived upon submission of proof of a comparable health insurance policy. Waiver forms are available on the University Health Services (UHS) web page in PDF format. Waiver requests must be submitted by August 31st for entering students (for continuing students waviers must be submitted by July 15th).
- Please note that student health insurance does not include spouse or dependents. That coverage must be purchased separately. Refer to http://www.uhs.berkeley.edu/students/insurance/families.shtml.
- Room and board costs are on the conservative side and assume careful budgeting as well as sharing living quarters with at least one other person. Please be aware that your expenses may be higher depending on your personal lifestyle.
- This budget does not include items such as consumer (credit card) debt or automobile expenses. We recommend that you reduce these obligations before you enter school, as they cannot be considered in your financial aid budget under federal regulations. The budget does not include the nominal costs of the Haas Summer Workshops (Quantitative and Communication), as these are optional.
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