Tuition & Fees

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

Tuition & Fees for one year (Fall 2018)

  In-State Out-of-State
Credits per year 27* 27*
Tuition $44,766 $53,946
Fees $2,315 $2,315
Total $47,081 $56,261

*Average credits completed in the 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 $1,658 per credit hour for in-state and $1,998 per credit hour for out-of-state.

Fees: Based on a one-time MBAA fee of $725 and university fee of $810 per semester.

The above tuition and fees are for the fall 2017 start. Fall 2018 tuition will be published in July 2018 after approval by the University System of Maryland Board of Regents.

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, or 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.