Financing - MBA Journey

Below you will find the payment schedule for the academic fees and the conditions that apply. By virtue of accepting the offer of a place on the INSEAD MBA Programme, you become contractually bound by these conditions. You automatically agree to respect the following installments and deadlines.

Payment Deadlines for Self-Financed Students

You will be expected to pay the academic fees in three instalments:

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

In some countries tuition fees are tax deductible and we encourage you to find out more about this from the local tax authorities in the country where your taxes are due. For example, in France, tuition fees are tax deductible as “frais réels” and your local tax office can provide you with the details. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year.

Invoice:

You will receive an invoice during the first week of the MBA Programme which will reflect all the payments we have received from you before the start of the programme. Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Please note that your tuition account will be tied to the campus where you will start the programme, and all future payments will be paid to the INSEAD bank accounts assigned for that campus. Similarly, an invoice is issued from your starting campus. In case you If you own a business, you should carefully evaluate to whom the invoice should be issued. This must be done at the beginning of the programme.

Payment Deadlines for Company-Sponsored Students

Your company must provide written confirmation that they will sponsor/pay your academic fees for the INSEAD MBA Programme. Please ask your company to complete the sponsorship agreement, which you need to return to your Admissions Officer. This is a mandatory agreement for sponsored candidates.

              Sponsorship Agreement FBL                         Sponsorship Agreement SGP

An invoice will be sent to the sponsoring companies for the payment of academic fees in two instalments:

In case of the full tuition sponsorship, and you paid first instalment with your own funds, the company should reimburse you.

Your company may want to offer you a partial sponsorship. If this is the case we will issue two invoices for the appropriate amounts: one to you and one to your company.

Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Payment rules for the students using funding from Lendwise, Brain Capital, and Prodigy Finance

First Instalments

You will need to make the first tuition instalment to reserve your place on the programme with your own funds. Global INSEAD loans cannot be utilized for this.

Loan Amounts and Funds Transfer

Lendwise and Prodigy Finance will wire your total loan funds to INSEAD after the start of the programme.

One of the scenarios will apply to you:

Scenario One:

If the loan amount is lower than the second tuition instalment of €53,000, you are kindly to pay the difference. (For example, if you are lending €50,000 from Prodigy, we require a balance payment of €3,000 from you).

Scenario Two:

If the loan amount is equal or higher than the second tuition instalment of €53,000, (eg €53,000, €73,000), Prodigy or Lendwise will wire the funds to INSEAD when you start the programme. It will first be used to offset tuition and the balance will be refunded to you for living expenses within 2 weeks.

Prodigy Loan is offered in USD. Prodigy will apply a conversion rate that represents a 6-month rolling average of the exchange between USD and EUR currencies. 

Lendwise offers loans in GBP and convert them to EUR when transferring the funds to INSEAD. 

You will be responsible for making sure that the tuition fee due in EUR will be paid in full. 

Financing by Brain Capital

Brain Capital offers funding in EUR. If you opt to obtain funding from Brain Capital, they will wire the funds to INSEAD starting with the second installment due date. You will need to provide them with the email from the school asking for the instalment payment. Brain Capital can also provide funds for the living expenses and will wire them to your personal bank account.

Payment rules for the US nationals taking Federal Direct Loans or Private Sallie Mae Graduate School Loan or Juno

If you are a US citizen or permanent resident, you are eligible to apply for Federal Direct and Private Education Loans to finance your MBA. Both Fontainebleau and Singapore campuses are registered with the US Department of Education. Abu Dhabi Campus is not an eligible entity. Please note that Wharton, Kellogg, and CEIBS exchanges are not allowed for those taking US Federal Direct loans as per US Department of Education regulations.

For more details about US Loans and how to apply, please visit the Funding by Country page on the INSEAD website (please choose USA in the dropdown menu).

Federal Loans

US Government will wire transfer the loan funds to the school in USD. INSEAD will apply its monthly exchange rate when applying the funds for tuition. We will provide US loan holders with further details in due course. Please review the guidelines (eligibility, consumer disclosures and academic requirements) on federal loans here. (Choose USA in the dropdown menu).

Pease note that the online education is not compatible with the Federal Direct Loans.  Therefore, you will not be allowed to take the electives offered online.

Sallie Mae and Juno loans

Loan funds from Sallie Mae and Juno will be transferred to the school at the start of the programme and at the time of the second instalment deadline (if applicable). Loans will be transferred in USD. Please note that INSEAD will apply its monthly exchange rate from USD to EUR applicable while crediting your loan funds to your tuition. If you take a loan for both tuition and living expenses, it will first be used to offset tuition. We will wire the amount for the living expenses to your local bank account.

Compte Personnel de Formation (CPF) for students working in France

INSEAD MBA programme is eligible to CPF (Compte Personnel de Formation) for students starting the programme in Fontainebleau. Application will open in January/February 2026 for your Class (your CPF funds will be automatically updated on 31 December 2025 for the current year). We will communicate necessary details and steps to follow in January 2026.

Refund Arrangement

In case you should be receiving a refund following your loan arrangements and/or deposit refund following your full sponsorship, please submit your bank details timely (within one week from the receipt of the email from the Accountant). Accounting books for each Class are closed before graduation and all the pending transactions must be settled before that time at the very latest.

Overdue Payments

You will be charged a late payment fee of €200.

You will not be able to access the elective courses if you have tuition fee outstanding.

INSEAD will exercise its right to expel a student who is not in good financial standing, to omit his/her name (where relevant) from the Dean's List and/or from the Career Development's Profile Book and eventually drop the student from Elective course list. The MBA degree will not be awarded if a student still owes any money to INSEAD at the end of the MBA Programme.

Taxes

You may be eligible for a tax deduction on your INSEAD fees in your country of residence and we encourage you to check the conditions with the local tax authorities where your taxes are due. You need to contact your local tax office for precise information. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year. It is acceptable to make payments in advance.​

Sign-on bonus

If you receive a sign-on bonus at the end of the programme INSEAD cannot accept to have it paid to your INSEAD tuition account due to the legal and accounting regulations. The company will have to make the payment directly to your personal bank account.

Below you will find the payment schedule for the academic fees and the conditions that apply. By virtue of accepting the offer of a place on the INSEAD MBA Programme, you become contractually bound by these conditions. You automatically agree to respect the following installments and deadlines.

Payment Deadlines for Self-Financed Students

You will be expected to pay the academic fees in three instalments:

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

In some countries tuition fees are tax deductible and we encourage you to find out more about this from the local tax authorities in the country where your taxes are due. For example, in France, tuition fees are tax deductible as “frais réels” and your local tax office can provide you with the details. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year.

Invoice:

You will receive an invoice during the first week of the MBA Programme which will reflect all the payments we have received from you before the start of the programme. Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Please note that your tuition account will be tied to the campus where you will start the programme, and all future payments will be paid to the INSEAD bank accounts assigned for that campus. Similarly, an invoice is issued from your starting campus. In case you If you own a business, you should carefully evaluate to whom the invoice should be issued. This must be done at the beginning of the programme.

Payment Deadlines for Company-Sponsored Students

Your company must provide written confirmation that they will sponsor/pay your academic fees for the INSEAD MBA Programme. Please ask your company to complete the sponsorship form, printed on company letterhead paper, which you need to return to your Admissions Officer. This is a mandatory form for sponsored candidates.

                                                               Sponsorship Form

An invoice will be sent to the sponsoring companies in mid-October for the payment of academic fees in two instalments:

In case of the full tuition sponsorship, and you paid first instalment with your own funds, the company should reimburse you.

Your company may want to offer you a partial sponsorship. If this is the case we will issue two invoices for the appropriate amounts: one to you and one to your company.

Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Payment rules for the students using funding from Lendwise, Brain Capital, and Prodigy Finance

First Instalments

You will need to make the first tuition instalment to reserve your place on the programme with your own funds. Global INSEAD loans cannot be utilized for this.

Loan Amounts and Funds Transfer

Lendwise and Prodigy Finance will wire your total loan funds to INSEAD after the start of the programme.

One of the scenarios will apply to you:

Scenario One:

If the loan amount is lower than the second tuition instalment of €63,000, you are kindly to pay the difference. (For example, if you are lending €50,000 from Prodigy, we require a balance payment of €13,000 from you).

Scenario Two:

If the loan amount is equal or higher than the second tuition instalment of €63,000, (eg €63,000, €73,000), Prodigy or Lendwise will wire the funds to INSEAD when you start the programme. It will first be used to offset tuition and the balance will be refunded to you for living expenses within 2 weeks.

Prodigy Loan is offered in USD. Prodigy will apply a conversion rate that represents a 6-month rolling average of the exchange between USD and EUR currencies. 

Lendwise offers loans in GBP and convert them to EUR when transferring the funds to INSEAD. 

You will be responsible for making sure that the tuition fee due in EUR will be paid in full.

Financing by Brain Capital

Brain Capital offers funding in EUR. If you opt to obtain funding from Brain Capital, they will wire the funds to INSEAD starting with the second installment due date. You will need to provide them with the email from the school asking for the instalment payment. Brain Capital can also provide funds for the living expenses and will wire them to your personal bank account.

Payment rules for the US nationals taking Federal Direct Loans or Private Sallie Mae Graduate School Loan or Juno

If you are a US citizen or permanent resident, you are eligible to apply for Federal Direct and Private Education Loans to finance your MBA. Both Fontainebleau and Singapore campuses are registered with the US Department of Education. Abu Dhabi Campus is not an eligible entity. Please note that Wharton, Kellogg, and CEIBS exchanges are not allowed for those taking US Federal Direct loans as per US Department of Education regulations.

For more details about US Loans and how to apply, please visit the Funding by Country page on the INSEAD website (please choose USA in the dropdown menu).

Federal Loans

US Government will wire transfer the loan funds to the school in USD. INSEAD will apply its monthly exchange rate when applying the funds for tuition. We will provide US loan holders with further details in due course. Please review the guidelines (eligibility, consumer disclosures and academic requirements) on federal loans here. (Choose USA in the dropdown menu).

Pease note that the online education is not compatible with the Federal Direct Loans.  Therefore, you will not be allowed to take the electives offered online.

Sallie Mae and Juno loans

Loan funds from Sallie Mae and Juno will be transferred to the school at the start of the programme and at the time of the second instalment deadline (if applicable). Loans will be transferred in USD. Please note that INSEAD will apply its monthly exchange rate from USD to EUR applicable while crediting your loan funds to your tuition. If you take a loan for both tuition and living expenses, it will first be used to offset tuition. We will wire the amount for the living expenses to your local bank account.

Compte Personnel de Formation (CPF) for students working in France

INSEAD MBA programme is eligible to CPF (Compte Personnel de Formation) for students starting the programme in Fontainebleau. Application will open in January 2026 for your Class (your CPF funds will be automatically updated on 31 December 2025 for the current year). We will communicate necessary details and steps to follow by early December.

Refund Arrangement

In case you should be receiving a refund following your loan arrangements and/or deposit refund following your full sponsorship, please submit your bank details timely (within one week from the receipt of the email from the Accountant). Accounting books for each Class are closed before graduation and all the pending transactions must be settled before that time at the very latest.

Overdue Payments

You will be charged a late payment fee of €200.

You will not be able to access the elective courses if you have tuition fee outstanding.

INSEAD will exercise its right to expel a student who is not in good financial standing, to omit his/her name (where relevant) from the Dean's List and/or from the Career Development's Profile Book and eventually drop the student from Elective course list. The MBA degree will not be awarded if a student still owes any money to INSEAD at the end of the MBA Programme.

Taxes

You may be eligible for a tax deduction on your INSEAD fees in your country of residence and we encourage you to check the conditions with the local tax authorities where your taxes are due. You need to contact your local tax office for precise information. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year. It is acceptable to make payments in advance.​

Sign-on bonus

If you receive a sign-on bonus at the end of the programme INSEAD cannot accept to have it paid to your INSEAD tuition account due to the legal and accounting regulations. The company will have to make the payment directly to your personal bank account.

Below you will find the payment schedule for the academic fees and the conditions that apply. By virtue of accepting the offer of a place on the INSEAD MBA Programme, you become contractually bound by these conditions. You automatically agree to respect the following installments and deadlines.

Payment Deadlines for Self-Financed Students

You will be expected to pay the academic fees in three instalments:

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

In some countries tuition fees are tax deductible and we encourage you to find out more about this from the local tax authorities in the country where your taxes are due. For example, in France, tuition fees are tax deductible as “frais réels” and your local tax office can provide you with the details. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year.

Invoice:

You will receive an invoice during the first week of the MBA Programme which will reflect all the payments we have received from you before the start of the programme. Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Please note that your tuition account will be tied to the campus where you will start the programme, and all future payments will be paid to the INSEAD bank accounts assigned for that campus. Similarly, an invoice is issued from your starting campus. In case you If you own a business, you should carefully evaluate to whom the invoice should be issued. This must be done at the beginning of the programme.

Payment Deadlines for Company-Sponsored Students

Your company must provide written confirmation that they will sponsor/pay your academic fees for the INSEAD MBA Programme. Please ask your company to complete the sponsorship form, printed on company letterhead paper, which you need to return to your Admissions Officer. This is a mandatory form for sponsored candidates.

                                                               Sponsorship Form

An invoice will be sent to the sponsoring companies in mid-June for the payment of academic fees in two instalments:

In case of the full tuition sponsorship, and you paid first instalment with your own funds, the company should reimburse you.

Your company may want to offer you a partial sponsorship. If this is the case we will issue two invoices for the appropriate amounts: one to you and one to your company.

Any amendments to the invoice can only be effected till the start of the programme. We will not be able to change the invoice thereafter.

Payment rules for the students using funding from Lendwise, Brain Capital, and Prodigy Finance

First Instalments

You will need to make the first tuition instalment to reserve your place on the programme with your own funds. Global INSEAD loans cannot be utilized for this.

Loan Amounts and Funds Transfer

Lendwise and Prodigy Finance will wire your total loan funds to INSEAD after the start of the programme.

One of the scenarios will apply to you:

Scenario One:

If the loan amount is lower than the second tuition instalment of €61,000, you are kindly to pay the difference. (For example, if you are lending €50,000 from Prodigy, we require a balance payment of €11,000 from you).

Scenario Two:

If the loan amount is equal or higher than the second tuition instalment of €63,000, (eg €63,000, €73,000), Prodigy or Lendwise will wire the funds to INSEAD when you start the programme. It will first be used to offset tuition and the balance will be refunded to you for living expenses within 2 weeks.

Prodigy Loan is offered in USD. Prodigy will apply a conversion rate that represents a 6-month rolling average of the exchange between USD and EUR currencies. 

Lendwise offers loans in GBP and convert them to EUR when transferring the funds to INSEAD. 

You will be responsible for making sure that the tuition fee due in EUR will be paid in full. 

Financing by Brain Capital

Brain Capital offers funding in EUR. If you opt to obtain funding from Brain Capital, they will wire the funds to INSEAD starting with the second installment due date. You will need to provide them with the email from the school asking for the instalment payment. Brain Capital can also provide funds for the living expenses and will wire them to your personal bank account.

Payment rules for the US nationals taking Federal Direct Loans or Private Sallie Mae Graduate School Loan or Juno

If you are a US citizen or permanent resident, you are eligible to apply for Federal Direct and Private Education Loans to finance your MBA. Both Fontainebleau and Singapore campuses are registered with the US Department of Education. Abu Dhabi Campus is not an eligible entity. Please note that Wharton, Kellogg, and CEIBS exchanges are not allowed for those taking US Federal Direct loans as per US Department of Education regulations.

For more details about US Loans and how to apply, please visit the Funding by Country page on the INSEAD website (please choose USA in the dropdown menu).

Federal Loans

US Government will wire transfer the loan funds to the school in USD. INSEAD will apply its monthly exchange rate when applying the funds for tuition. We will provide US loan holders with further details in due course. Please review the guidelines (eligibility, consumer disclosures and academic requirements) on federal loans here. (Choose USA in the dropdown menu).

Pease note that the online education is not compatible with the Federal Direct Loans.  Therefore, you will not be allowed to take the electives offered online.

Sallie Mae and Juno loans

Loan funds from Sallie Mae and Juno will be transferred to the school at the start of the programme and at the time of the second instalment deadline (if applicable). Loans will be transferred in USD. Please note that INSEAD will apply its monthly exchange rate from USD to EUR applicable while crediting your loan funds to your tuition. If you take a loan for both tuition and living expenses, it will first be used to offset tuition. We will wire the amount for the living expenses to your local bank account.

Compte Personnel de Formation (CPF) for students working in France

INSEAD MBA programme is eligible to CPF (Compte Personnel de Formation) for students starting the programme in Fontainebleau. Application will open in January/February 2026 for your Class (your CPF funds will be automatically updated on 31 December 2025 for the current year). We will communicate necessary details and steps to follow in January 2026.

Refund Arrangement

In case you should be receiving a refund following your loan arrangements and/or deposit refund following your full sponsorship, please submit your bank details timely (within one week from the receipt of the email from the Accountant). Accounting books for each Class are closed before graduation and all the pending transactions must be settled before that time at the very latest.

Overdue Payments

You will be charged a late payment fee of €200.

You will not be able to access the elective courses if you have tuition fee outstanding.

INSEAD will exercise its right to expel a student who is not in good financial standing, to omit his/her name (where relevant) from the Dean's List and/or from the Career Development's Profile Book and eventually drop the student from Elective course list. The MBA degree will not be awarded if a student still owes any money to INSEAD at the end of the MBA Programme.

Taxes

You may be eligible for a tax deduction on your INSEAD fees in your country of residence and we encourage you to check the conditions with the local tax authorities where your taxes are due. You need to contact your local tax office for precise information. If required, the INSEAD Accounts Department can provide a receipt that indicates the exact date your tuition payments were received by us. We suggest you also check in advance whether the payment would need to reach us before the end of the calendar year. It is acceptable to make payments in advance.​

Sign-on bonus

If you receive a sign-on bonus at the end of the programme INSEAD cannot accept to have it paid to your INSEAD tuition account due to the legal and accounting regulations. The company will have to make the payment directly to your personal bank account.

What you can expect to spend

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

* Tuition fees include: all printed course materials for the courses you enroll in (except textbooks), access to the INSEAD library, access to on-campus information technology services, student council fees, gym access, business cards, printing and health insurance.

** Business Foundations: You can make the second installment payment together with the payment for the Business Foundations course if applicable.

Living expenses

Follow the link to view the estimated living expenses.

What you can expect to spend

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

* Tuition fees include: all printed course materials for the courses you enroll in (except textbooks), access to the INSEAD library, access to on-campus information technology services, student council fees, gym access, business cards, printing and health insurance.

** Business Foundations: You can make the second installment payment together with the payment for the Business Foundations course if applicable.

Living expenses

Follow the link to view the estimated living expenses.

What you can expect to spend

Please note that tuition fees are inclusive of all applicable taxes. They are subject to change. Additional taxes apply to our tuition fees, according to prevailing laws and regulations. In particular, INSEAD may have to invoice a higher amount than the one listed, to take into account any indirect tax or withholding tax applying to the payment, in accordance with INSEAD’s or the client’s local legislation.

* Tuition fees include: all printed course materials for the courses you enroll in (except textbooks), access to the INSEAD library, access to on-campus information technology services, student council fees, gym access, business cards, printing and health insurance.

Living expenses

Follow the link to view the estimated living expenses.