However, the average cost of an M.B.A. degree is somewhere between $80,000 and $150,000 (according to Bloomberg.com).
The high cost of earning an M.B.A. has contributed to student loan debt that has reached $1.2 trillion. This prompted President Barack Obama to call on Congress to advance new reforms to give more hard working students a fair shot at pursuing higher education, while emphasizing that the federal government, states, colleges and universities all have a role to play in making higher education more affordable.
In addition, nationwide there is a need for M.B.A. students who can solve ethical issues in the workplace, demonstrate empathy in business practices and possess a high level of emotional intelligence.
To respond to the need for more affordable education and to honor the Benedictine promise of creating values-based business leaders, Benedictine University's National Moser Center for Adult Learning is piloting its Next Generation Learning M.B.A. program to experienced business professionals in underserved populations in the Central Illinois and Southwest Arizona regions for just $15,000* – an unprecedented higher education pricing strategy.