Academic Program Costs

Academic Program Costs

The WooSong academic year consists of two, fifteen-week semesters, each followed by a five-week study term and then a five-week study break. Those who elect to stay at WooSong during the study break can use the time for studying on their own, explore the country, or work on campus if jobs are available.

Apart from tuition, students must provide for the expense of dormitory, meals, health insurance, dormitory security deposit (refundable if no damage), study break costs, books and personal expenses. Personal expenses vary according to the personal spending habits of the student. The total estimated annual costs of studying at WooSong are listed below:

MBA Program                  Total Estimated Degree Costs (US$)

Tuition⁴........................................................................... 15,760

Dormitory²...................................................................... $2,400

Meals³.............................................................................. $3,710

Enrollment Fee (one time)................................................. $890

Dormitory Security Deposit............................................... $110

Health Insurance............................................................... $300

Student Activity Fees......................................................... $800

Total estimated costs for 24 Month MBA................... $23,970

Additional Estimated Expenses

Books (per year).................................................................. $600

Personal Expenses^‡ (per month)......................................... $200

¹ Tuition costs are based on a 24-Month MBA Program.

²   Residence Costs range from $5 00 (single room occupancy, no en suite bath) to $1,000 (single room occupancy with en suite bath and kitchenette) per semester. Residence rates of $600/semester and $200/short-term study have been used for the above estimate (double room occupancy with en suite bath).

^#Residence rooms may be selected prior to arrival and if the selected room has a cost different from the costs used for the estimate above, the difference must be paid or will be refunded accordingly.

³Meal costs include a required breakfast fee of $250/semester. Meal costs at the WooSong cafeterias range from $2.50 to $3.50 per meal. The above estimate includes an average cost of $3.00/meal, 3 meals per day, 7 days a week (allowing for the required weekday breakfast fee) for one academic year. If meals are eaten off-campus, the costs are likely to be higher. Cooking in the dormitory rooms is forbidden.

^*Students are expected to prepay the first year costs in advance. The meal fee is refunded to the student (as soon as their Korean bank account is opened) for crediting to a WooSong “smart card” except for the required breakfast fee. Students must regulate their own meal spending.

⁴MBA students who enrol in the Basic Skills Program should refer to our website regarding program cost details.