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Tuition & Fees

Tuition is billed per credit hour in the Full Time MBA program and determined by your state of residence.

Estimated Tuition & Fees for one year:

  Instate Out of state
Credits per Year 27* 27*
Tuition $39,555 $47,655
Fees $1,758 $1,758
Total $41,313 $49,413

*Average credits completed in first year

The MBA program at Smith is 54 credits. Students typically complete 26-34 credits during their first year and the remaining credits in their second year.

Tuition: Based on $1,465 per credit hour for instate and $1,765 per credit hour for out of state. 
Fees: Based on a one time MBAA fee of $375 and university fee of $691.50 per semester.

Tuition Payment Methods

For your convenience, you may make payments by mail, in-person, online or over the phone. Payments can be made with Visa, MasterCard, and Discover credit cards. Personal checks are also accepted. All checks and money orders must be in US dollars drawn on a US bank.

TERP Payment Plan

The best way to avoid lump-sum payments and cover the gap between financial aid and the cost of education without resorting to additional borrowing from alternative sources is to enroll in the interest-free TERP Payment Plan.

By enrolling in this plan, you can spread your payments over either eight or ten months. The annual enrollment fee is $50 for the ten-month plan or $80 for the eight-month plan. You can include most university charges: tuition, fees, and parking permits. You can also arrange to have your monthly payments debited directly from your checking or savings account.

In-State Classification

Applicants are granted in-state status if they have been domiciled in Maryland for at least 12 months prior to the last day of registration for the forthcoming semester, and have been financially independent for the previous 12 months. For a complete list of residency requirements, please contact the Residency Reclassification Services.