Program Cost
Tuition and Program Fees for 2018/19 are estimated to be $112,000. Living expenses for a single participant are estimated to be approximately $50,000 for a 12-month period. As a one-year MBA program, the opportunity costs and living expenses of the IBEAR MBA are substantially lower than a two-year MBA program.
IBEAR 41 (2018/19) TUITION INFORMATION
| Tuition Fee* Program Fee TOTAL FEES |
$107,500 ($1919.65/unit x 56 units) |
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| Schedule of Payments |
1. Terms 1 & 2 (Fall 2018) 2. Terms 3 & 4 (Spring 2019) 3. Term 5 (Summer 2019) |
* For your planning purposes, the estimated tuition rate is US $1919.65 per unit.
Scholarships
IBEAR provides merit scholarships for highly-qualified international and U.S. applicants which range from $5,000 to $45,000. Scholarship decisions are based on academic and leadership potential. Scholarship recipients demonstrate very strong academic performance, consistently high test scores, as well as a strong career trajectory. They are expected to be leaders in the IBEAR program. You may indicate in your application that you wish to be considered for a scholarship. The amount awarded is contingent on the qualifications of the applicant. Only self-sponsored applicants are eligible.
IBEAR Global Business Fellow awards tuition scholarships which range from $5,000 up to a maximum of $45,000 to high potential self-sponsored international and U.S. Candidates.
Hanjin/Korean Air Scholarship: One partial tuition award to a Korean national or Korean-American or to a self-sponsored participant focused on a career in global supply chain/logistics.
Honjo Foundation/Jack G. Lewis Scholarship: One partial tuition award to a self-sponsored participant of Japanese heritage.
Housing subsidy at a designated attractive off-campus location is also available for self-sponsored participants. $9,000 is given to candidates attending the program alone or with their spouse while $15,000 is given to candidates attending the program with their family.
Loans
Three types of loans are available to finance your MBA — Federal Stafford Loans, Federal Direct Granduate PLUS Loans and private student loans. If you are a U.S. citizen or permanent resident, we recommend that you apply for Federal Stafford Loans first, because they offer favorable interest rates and origination fees. International students are not eligible for the Federal Stafford loan program. International students often obtain loans from private lenders, which they approach and work with directly.
Federal Stafford Loan. There are two types, subsidized and unsubsidized. For subsidized Stafford Loans, the federal government pays the interest while you are in school and during authorized deferment and grace periods. For the unsubsidized Stafford Loans, deferred interest is capitalized (added to the principal) at repayment. For more information, visit www.fafsa.ed.gov.
Federal Direct Graduate PLUS Loan. Graduate and professional students may wish to consider this low-interest, credit -based federal loan to cover their expenses. You must first exhaust your full Federal Stafford Loan eligibility to be considered for this loan.
Private Loan. Private loans are available to both domestic and international applicants. You should be aware that interest rates and fees vary significantly among lending institutions. International applicants may be required to have a U.S. citizen co-sign the loan.
How to Pay
You may plan to pay by bank draft, check, credit card (Visa/Mastercard/Discover), or wire transfer. Checks should be made payable to USC and sent to the IBEAR Program.
| Payment Options | Description | Contact Person/Office |
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| In-Person |
If you wish to pay in-person, please go to the Cashier's Office. They accept the following payment methods:
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USC Cashier's Office Located in the USC Credit Union branch at Student Union, Room 106 (facing the Tutor Campus Center) |
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For payments by mail, USC accepts the following payment methods:
Please be sure to write your 9-digit student ID number and your full name, exactly as shown on your USC card, to insure that your payment is credited to the proper account. To prevent late fees, your mail payment must arrive by USC's tuition settlement deadline. |
Please send your payment (in US $) to: USC Cashier's Office |
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| Wire Transfer | Use this wire account:
Bank of America Transit Routing Number 0260-0959-3 International wires: Student Name: _____________________________________ Student USC – ID: __ __ __ __ - __ __ __ __ - __ __
Please note that USC's wire transfer fee of $12.50 must be added to, over and above, the total amount of payment. If the "sending" bank also charges for wire transfers you will need to add their fee as well.
IMPORTANT: Please include student name and 10-digit USC ID on all remittances. |
Please email a copy of your confirmation to: Diana.kurdian@marshall.usc.edu Re: Wire Transfer Confirmation |