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The best MBA programs for less than $15,000 a year

by Christine DiGangi on Jan 6, 2017, 2:13 PM

university of wisconsin madisonThe master’s degree in business administration (MBA) is one of the traditional education choices for people seeking high-powered careers with a lot of earning potential.

But MBAs aren’t cheap. A year of tuition at a top business school can easily exceed $50,000, and many programs last for two years.

Given that students are highly likely to have education debt from their undergraduate degrees, graduates’ student loan debt can easily reach six figures.

That can create a lot of pressure to find a lucrative job, because that pricey MBA probably won’t seem as valuable if you can’t afford your student loans, fall behind on payments and damage your credit.

(Keep in mind, there are income-driven repayment plans that federal student loan borrowers could use to help make loan payments more manageable. You can see how your student loans may be affecting your credit score by viewing your free credit report summary, updated each month, on Credit.com.)

Still, not every MBA requires you take on an obscene amount of debt. In-state tuition is probably the most common way to get a great degree for the least amount of money, though some private and out-of-state schools are still much cheaper than, say, Columbia University, which costs $65,988 per year.

Using U.S. News & World Report’s MBA rankings, we rounded up the top MBA programs you can attend for less than $15,000 in tuition each year (full-time).

SEE ALSO: The 19 best online MBA programs

University of Wisconsin—Madison

U.S. News Rank: 27 (four-way tie)
Tuition: $14,476 per year in-state, $29,293 per year out-of-state



Brigham Young University

U.S. News Rank: 31 (three-way tie)
Tuition: $11,970 per year for Latter-day Saints’ members, $23,940 per year for non-members



Texas A&M University—College Station

U.S. News Rank: 31 (three-way tie)
Tuition: $11,100 per year in-state, $24,416 per year out-of-state



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