The value of a Kelley Full-Time +Flex MBA is our unmatched rank-to-cost ratio. The +Flex option goes even further to enhance your ROI with the opportunity to take online classes in Year 2, so you can start full-time employment, return to family, or live wherever you choose.
| Expense category | Indiana residents | Nonresidents/ international |
|---|---|---|
| Tuition Tuition covers all MBA courses for the academic year. | $29,573 | $55,695 |
| Mandatory fees Required fees include student health, technology, student activity, and MBA program fees. | $2,423 | $2,423 |
| Housing & food Estimated cost of a single room in a graduate residence hall or the average rent for a two-bedroom unfurnished apartment, shared with a roommate. More than 90% of MBA students live off campus. | $16,836 | $16,836 |
| Books and supplies | $1,950 | $1,950 |
| Transportation | $2,958 | $2,958 |
| Miscellaneous | $4,078 | $4,078 |
| Total | $57,818 | $83,940 |
Kelley Merit Fellowships
All students offered admission to the MBA Program are automatically considered for merit-based aid offered by the Kelley School of Business; there is no additional application to complete. Awards go to the strongest candidates offered admission. No particular test scores or GPA guarantees aid; we consider many factors. Most awards range between $15,000 and $35,000 per year.
We base merit aid awards on the following criteria, without regard to financial need:
Dean’s Fellowships
Dean’s Fellowships—providing two years of full tuition—are awarded to students who are truly exceptional in terms of their total profile including work experience, test scores, undergraduate performance, leadership potential, and admissions interview. Dean’s Fellows have access to the Kelley Dean’s Council, a group of leaders from some of the most important companies in the world.
Consortium Fellows
As one of three founding member schools, candidates that are US citizens or permanent residents can apply for admission via the Consortium for Graduate Study in Management and be named a Consortium Fellow.
Forté Fellows
As a member school, all admitted candidates are eligible to be named Forté Fellows and become members of the organization.
Reaching Out MBA Fellows
As a member school, all admitted candidates are eligible to apply to be named a ROMBA Fellow.
Professional Student Employee Program
While we do not offer graduate assistantships at the time of admission, students have the opportunity to apply for paid positions within Kelley School of Business academic departments and offices starting in the spring semester of their first year. Work may include grading, research, and administrative tasks. Positions typically range from five to twelve hours per week and are paid at an hourly rate. Further information and applications are available in October, at the midpoint of the first semester.
Two merit-based supplemental fellowships are available to admitted candidates who do not qualify for Indiana in-state tuition but have high school or undergraduate ties to Indiana. These fellowships reduce or eliminate the gap between resident and nonresident tuition, and they may be combined with additional scholarships and fellowships offered as part of admission.
Back to Bloomington Fellowship
Back to Bloomington Fellowships will be awarded to admitted students who have completed their undergraduate education at Indiana University Bloomington and have demonstrated achievement in academics or leadership. These awards range from $10,000 up to the full difference between resident and nonresident tuition rates. Graduates of the Kelley School of Business on the IU Indianapolis campus will also be considered for this award.
Hoosier Heritage Fellowship
Applicants with strong academic credentials or extraordinary achievement in leadership are eligible for the Hoosier Heritage Fellowship if they completed their undergraduate education at a college or university in Indiana, other than Indiana University Bloomington. The Hoosier Heritage Fellowship award ranges from $5,000 up to the full difference between nonresident and resident tuition rates.
Applicants who graduated from an Indiana high school but did not attend an Indiana college or university can submit their high school transcript or diploma for Hoosier Heritage Fellowship consideration.
Need-based aid: Federal and private loans and additional scholarships
Options for all admitted students:
Domestic students
International students
Please note: GI Bill® is a registered trademark of the US Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at www.benefits.va.gov/gibill.
As one of three founding schools of The Consortium for Graduate Study in Management, we work to expand access and broaden representation in business education.
Visit Consortium website
US immigration regulations require you to demonstrate that you have sufficient funds to cover your expenses for a 12-month period.