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Can I Afford a Green MBA?

Green MBA Programs are the perfect way to catapult your career forward in the new, sustainable economy. But graduate education can be quite expensive, and you may be asking yourself "can I afford a green MBA??" 

Can I Afford a Green MBA?

The answer to this question is different for each person.  The cost of Green MBA Programs varies widely from around $4,000 at the San Francisco Institute of Architecture to around $90,000 at the University of Pennsylvania. Most programs fall right around $50,000 (Presidio Graduate School, approximately $49,000; Green Mountain College, approximately $29,000).  

First, narrow down the list of Green MBA programs you are interested in (See: List of Green MBA Programs in the United States). Compare the cost of tuition for each program.  

Next, conduct a cost-benefit analysis:

  • What is your current income and what are jobs you will be eligible for after you complete your degree paying?
  • Will you have an income to supplement your education?
  • Can you cut living expenses, by reducing consumer debt, reducing weekly expenses, and cutting back on recreation? Are you willing to cut your living expenses?
  • Do you have large amounts of debt already?
  • Do you have good credit? Having good credit makes it easier to get lower-interest rate student loans, which can make a big difference in the long run.
  • How do you see your personal/professional satisfaction and happiness changing as a result of this degree?
  • How will going back to school affect other members of your family?

Lastly, explore financial aid options at each school.  This includes scholarships, internships, fellowship, assistanceships, and contest awards.  Find out how to apply, and if you qualify.  At the same time, find out what kinds of loans you are eligible for through your bank and what the terms/interest rates for these loans are.  

There is no easy answer to this question, but research, research, research each school. And remember, you won't get what you don't ask for.  Schools are eager to get high-quality students and do want to help you get in the door.