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10 Least Expensive Private Business Schools

These private b-schools keep tuition and fees under $40,000 a year.

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Some students will naturally want to take cost into account when it's time to go to graduate school. If they are interested in getting an MBA, their options for going to a cost-effective private school are many.

At least 12 private business schools had tuition and required fees less than $40,000 during the 2012-2013 school year, according to data reported by 140 ranked b-schools in an annual survey by U.S. News.

Of the top 10 least expensive private business schools, Brigham Young University's Marriott School of Management tops the list. Tuition and fees at the school, which is affiliated with the Church of Jesus Christ of Latter-day Saints, runs as low as $10,950 for students that are members of the church; students who are not members pay $21,900.

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No. 10 is Alfred University, one of two New York schools to make the list, with tuition and fees at $37,646. Last year the E. Philip Saunders College of Business at Rochester Institute of Technology held that spot. For the 2012-2013 school year, Rochester moved up to No. 9 with tuition and fees totaling $36,216.

D.C. also had two of the cheapest private b-schools: Howard University, the only historically black college in the top 10, and the Kogod School of Business at American University.

[Allocate college savings for graduate school.]

The average tuition and fees for the top 10 least expensive private business schools is $32,636. Of the 45 private business schools that reported per-year tuition and fees to U.S. News, Harvard University, which is ranked No. 1 among the 2014 Best Business Schools, had the highest: $63,288.

Below is a list of the 10 private business schools with the least expensive tuition and fees for 2012-2013, which does not include room and board, books and other miscellaneous costs. Unranked schools, which did not meet certain criteria required by U.S. News to be numerically ranked, were not considered for this report.

School (name) (state) Full-time 2012-2013 tuition and fees U.S. News b-school rank
Brigham Young University (Marriott) (UT) $21,900 30
University of St. Thomas (Opus) (MN) $29,400 RNP*
Howard University (DC) $32,523 RNP
Rollins College (Crummer) (FL) $33,000 RNP
Willamette University (Atkinson) (OR) $33,206 RNP
American University (Kogod) (DC) $33,444 104
Baylor University (Hankamer) (TX) $34,116 70
Bentley University (McCallum) (MA) $34,904 84
Rochester Institute of Technology (Saunders) (NY) $36,216 RNP
Alfred University (NY) $37,646 RNP

*RNP denotes an institution that is ranked in the bottom one-fourth of all rank-eligible business schools. U.S. News calculates a rank for the school but has decided not to publish it.

Don't see your school in the top 10? Access the U.S. News Business School Compass to find tuition prices, complete rankings and much more. School officials can access historical data and rankings, including of peer institutions, via U.S. News Academic Insights.

U.S. News surveyed 448 schools for our 2012 survey of business programs. Schools self-reported a myriad of data regarding their academic programs and the makeup of their student body, among other areas, making U.S. News's data the most accurate and detailed collection of college facts and figures of its kind. While U.S. News uses much of this survey data to rank schools for our annual Best Business Schools rankings, the data can also be useful when examined on a smaller scale. U.S. News will now produce lists of data, separate from the overall rankings, meant to provide students and parents a means to find which schools excel, or have room to grow, in specific areas that are important to them. While the data comes from the schools themselves, these lists are not related to, and have no influence over, U.S. News's rankings of Best Colleges or Best Graduate Schools. The tuition data above are correct as of Aug. 20, 2013.

Corrected on : Clarified 8/26/13: This article has been updated to include an expanded definition of Rank Not Published programs.