Funding Opportunities in the Ph.D. in Business and Economics Program

Funding Packages

All students accepted into the Ph.D. Program are offered funding packages that guarantee, subject to satisfactory progress, four academic years of tuition remission and a monthly stipend (9-month per year) to cover living expenses. Though not guaranteed, almost all students in the past also received funding in their fifth year.

The standard funding package provided by the College of Business requires students to serve as teaching assistants during each semester. There are also selective research assistantships or semester-long fellowships with no duty available in the third or fourth year of study.

Outstanding applicants to the program will be considered for Presidential and University fellowships. Recipients of these fellowships receive the monthly stipend during their first year of study with no duty.

There are also summer funding opportunities available for Ph.D. students at all levels to apply. The summer supports are typically provided in the form of research assistantships and teaching of summer courses. Historically, a high proportion of students who remained at Lehigh during the summer have received summer support.

Although we do not accept students on a part-time basis, individuals with funding from external sources for full-time study, such as foundation or government fellowships, are welcome to apply to the program.

Tuition for the Ph.D. in Business and Economics Program 

The cost for the Ph.D Program is $1,235 per credit hour.

Wellness fee: $100/semester, $200/year (fall, spring)

Tuition rates for the 2022-2023 academic year.

Financial Guarantee (International Applicants Only)

International applicants who accept the offer of admission must submit an original or notarized financial guarantee demonstrating sufficient funds to meet educational expenses for the first year of study. Financial support letters from the college are to be used for this purpose. Scanned copies of the original bank statement or bank letters are acceptable for amounts not covered by college support, if any. The financial guarantee should be no more than 6 months old. Applicants must include a letter of sponsorship if the expenses will be paid by someone other than themselves. The minimum amount to show solvency for immigration documents is $44,672 and includes the following costs.

Tuition (based on 18 credits hours + Wellness Fee)  $22,430
Health Insurance & Other Expenses $4,202
12 Month Living Expenses $18,040
Total $44,672

Please note: $44,672 is the minimum amount for immigration purposes. Actual expenses may be greater. The financial guarantee amount is strictly an estimate. 

I-20 Immigration Information

Steps to Getting Your 1-20

  1. You must electronically accept your offer of admission and submit an enrollment deposit of $1,000.
  2. You will then receive a follow-up email from Lehigh's OISS, Office of International Students & Scholars. This email will inform you on how to login to your iHome account. 
  3. In order for OISS to issue you an I-20, the following items MUST be completed through your iHome account:
    1. Review and verify your personal information 
    2. Verify your foreign address
    3. Upload your financial documents
    4. Upload your passport information
    5. If applicable, input your dependent's information 
  4. Once the above sections are completed, OISS will be able to create your I-20. Your I-20 will be mailed to you. You will receive an email confirmation with the shipping/tracking information.
  5. If you do not provide the information requested by the deadline listed below, your I-20 will not be issued. You will then need to discuss the option to defer your offer. 
    1. Fall 2024 - TBD


The cost of living in the Lehigh Valley is very affordable. The Office of Housing Services maintains on-campus graduate student housing that ranges from $730/month to $1020/month with a variety of options. A list of off-campus apartments is available through their website. For more information on graduate housing, contact the Office of Housing Services at [610] 758-3500 or

The Office of Graduate Student Life website contains comprehensive information on temporary and permanent housing, roommate forums and finders, a list of off-campus apartments, and links to local newspaper classifieds. Information on leases and city inspections may be obtained here too.

Health Insurance

Health Insurance Requirements

Lehigh University requires all full-time and certified full-time graduate students to have health insurance.

Enrollment is confirmed by completing the Enrollment Form by the published deadline. 

The premium for academic year 2021-2022 is $2,057. Coverage begins in August. 

Inaction on the student’s part will result in automatic enrollment in the student health insurance plan and the premium posted to the student account

All international graduate students in F-1 or J-1 visa status are required to purchase the insurance provided by Lehigh University. Domestic students, however, may waive the requirement to purchase this insurance upon submission of proof of coverage from another ACA-qualified plan, such as one offered by an employer, spouse, or parent. 

Part-time students are not eligible to purchase insurance through Lehigh University's student plan.

For complete details on the Student Health Insurance plan, including complete eligibility requirements, effective dates and costs, enrollment periods, and the schedule of benefits, please see:

  1. Lehigh Bursar Student Health Insurance website
  2. Lehigh University Student Health Insurance Plan information available from University Health Plans

Health Insurance Subsidy

The subsidy program is offered to students who meet all criteria listed below on the payment subsidy date:

  • Full time or certified full time graduate student
  • Receiving assistantship or fellowship payments through the university payroll system
  • Have paid their Lehigh injury and sickness insurance premium in full or are signed up for payroll deduction of premiums

For 2021-2022, the annual premium for student only coverage will be $2,057. The University will provide a subsidy of $1,023.50 for the 2021-2022 year, thus, the out-of-pocket cost for individual coverage will be $1,033.50. Subsidy payments are automatically paid to all eligible students each semester and do not require application forms.

Eligible students will receive a subsidy payment of $511.75, minus the appropriate taxes, for each semester during which they qualify. The subsidy will be paid at the end of each semester (with the December 15th and May 14th paychecks). NOTE: If your paychecks stop before these dates, you will not be able to receive the subsidy.

The University’s insurance broker is University Health Plans  Due to the drastic changes that have been occurring in the insurance industry and in an attempt to provide affordable insurance coverage to our graduate students, the University no longer offers coverage for dependents. In order to help those students that require dependent coverage explore the dependent coverage available, University Health Plans will maintain a website that will list insurance companies that may provide coverage for dependents.

Students enroll in the University Health Plans insurance program by submitting to the Bursar:


  • Payment (see form) or payroll deduction form before September 3, 2021 (annual 2021/2022 coverage or coverage only for fall 2021 semester) and February 4, 2022 (coverage only for spring 2022 semester for new students).

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