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Smith School freezes MBA tuition cost

The Robert H. Smith School of Business at the University of Maryland, College Park has instituted a freeze on tuition for about 850 full- and part-time MBA students returning for the 2013-2014 academic year, the university announced Wednesday.

Annual tuition costs $38,475 for in-state students and $45,765 for those from outside Maryland.

This is the third consecutive year that the school has held steady on tuition increases, officials said. By contrast, full-time MBA programs nationwide have seen an average 33 percent tuition-and-fee climb from 2007-2012, according to data published by AACSB International, the main body that accredits U.S. business schools.