Master of Management in Hospitality—Tuition, Expenses, and Financial Aid
At Boston University School of Hospitality Administration, we are dedicated to ensuring that our master’s degree in hospitality management is a smart investment in your career advancement and personal growth. To help you budget for your educational expenses, we provide detailed information about the Master of Management in Hospitality (MMH) program’s tuition, fees, and other expenses ranging from books and supplies to housing and transportation.
BU SHA also offers scholarships and financial aid options to help you afford your education and pursue your dreams with an MMH degree.
Tuition and Expenses for Full-time MMH Students
If you plan to enroll as a full-time MMH student, here is a breakdown of billed and estimated expenses for the 2022/2023 academic year.
Total Cost (Tuition and Fees Only): $61,990 (before scholarship)
|16 credits/4 courses||16 credits/4 courses||0 credit Internship|
|Student Services Fee||$192||$192||$60|
|Health & Wellness Fee||$245||$245||$0|
|Room and Board||$7,500||$7,500||$2,365|
|Direct Loan Fee||$200||$200||$200|
Tuition rates for the 2023-2024 academic year will be announced in April 2023.
If you register for more than 18 credits in a fall/spring term, you are charged $1,908 per credit for the overage. This requires approval from the Program Director.
Massachusetts law requires all students enrolled in at least 75% of the full-time curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University’s student health insurance plan, which is due and payable with your first-semester charges. For more information, see the Student Accounting Services website.
Tuition and Expenses for Part-time MMH Students
If you are a part-time MMH student, you are charged the per-credit rate during the semester in which you are registered.
Fall/Spring 2022-23 – $1,908 per credit
Tuition Rates for 2023-2024 will be announced in April 2023.
Paying for Your MMH Degree—Scholarships and Financial Aid
To help you pay for your tuition and expenses for the Master of Management in Hospitality program, BU SHA provides scholarships and a variety of loan options.
$10K Guaranteed Scholarships for Graduate Students
Merit-based scholarships are available to both full-time and part-time students, domestic and international. Any student admitted into the Master of Management in Hospitality program is guaranteed to receive at least $10,000 in scholarships.
Federal Unsubsidized Direct Loan
The Federal Unsubsidized Direct Loan is offered to assist you with postsecondary educational expenses. The Unsubsidized Direct loan is made directly to the student who is responsible for repayment. Interest accrues and must be paid by the borrower or is capitalized during periods of in-school enrollment, grace, and/or deferment. Learn more about the current interest rates for the Federal Direct Loan.
You must meet federal eligibility criteria to qualify for the Unsubsidized Loan. Financial eligibility is determined by a federally legislated analysis of family financial information provided on the Free Application for Federal Student Aid (FAFSA). You must file the FAFSA and use Boston University’s School Code (002130) to apply for the Unsubsidized Direct Loan.
Who is eligible to apply?
You are eligible to participate in the Federal Unsubsidized Direct Program if you:
- are a US citizen or permanent resident
- are enrolled in a degree program
- register for at least six credits which are accepted towards the degree program and are not repeat classes
- demonstrate financial eligibility as determined by federal regulations
- do not have an outstanding balance from a prior period of enrollment at Boston University
- make satisfactory academic progress
How Much Can You Borrow?
The maximum annual loan limit for graduate and professional students is $20,500. Your actual eligibility may be less and is determined by how many credits you are enrolled for and other sources of financial aid. The maximum cumulative Federal Stafford Loan borrowing amount is $138,500, including any amount borrowed for undergraduate study.
How to Apply to the Federal Unsubsidized Direct Loan?
When Will the Loan Funds be Available?
Loans can be disbursed in up to two installments. The amount that will be disbursed will be less the origination fee that the federal government subtracts from the loan to pay for guaranteeing and processing the loan.
Any credit balance in your account that remains once your University bill has been settled is available to you through a refund request through the Boston University Student Link.
Federal Graduate PLUS Loan
The Graduate Federal PLUS is a federal credit-based loan that is available to assist you with the costs of the MMH degree. To be eligible for the loan, you must enroll at least part-time (six credits per semester) in the MMH program. The credits must be accepted towards the degree program. You must be a US citizen or permanent resident, have no outstanding balance from a prior period of enrollment, and must be making satisfactory academic progress per school guidelines.
Direct PLUS Loans do not have fixed amounts. You can borrow up to the cost of attendance minus all other financial assistance you received. The current interest rate on the Graduate Federal PLUS Loan can be found on the Financial Assistance website. Interest begins to accumulate on the date of the first loan disbursement.
Learn more about the credit-based Graduate PLUS loan.
We encourage you to research and apply for other private loans that suit your lending and educational needs. BU has identified some private loans if you are interested in researching additional options. This list of options is not all-inclusive, and we encourage you to search for other outside private loan options that may be available to you.
Seek additional financial aid resources outside of Boston University.
Find the complete listing of loan servicers and their contact information.
You can also find your loan servicer’s contact information on the National Student Loan Database System (NSLDS).
Invest in Your Future with a Master of Management in Hospitality Degree
Are you ready to take the next step and pursue your passion for hospitality management? Apply to the Master of Management in Hospitality program to grow into a visionary leader in the hospitality industry.
Need more information about the MMH program, tuition, and financing options? Request information!