Courses at School of Management, University of Bradford

Updated on - Aug 15, 2026

School of Management, University of Bradford fees for Indian students cover both postgraduate (PG) and undergraduate (UG) routes. PG tuition ranges from £15,700 (INR 20.22 Lakhs) to £26,069 (INR 33.57 Lakhs). UG classroom tuition is £16,100 (INR 20.73 Lakhs) annually. Management Master of Science (MSc) costs £15,700 (INR 20.22 Lakhs) for 2026/27 entry. MBA means Master of Business Administration, while BSc means Bachelor of Science.

Bradford’s published 51-week living estimate is £12,295 to £16,896 (INR 15.83 to 21.76 Lakhs) annually. University housing should be checked first because The Green accepts postgraduate and doctoral residents near campus. Private housing is also within walking distance, but lease length, bills, deposits, and transport need separate checks.

Management MSc costs INR 36.05 Lakhs to INR 41.97 Lakhs with 12 months of living. Visa costs are extra. Bradford has not published the 2027/28 fee yet, so keep 2026/27 figures until its official schedule changes.

Exchange rate used: 1 GBP (pound sterling) = INR 128.77; INR means Indian rupee. Source: open.er-api.com, 15 August 2026.

Most classroom-based PG courses use the £15,700 (INR 20.22 Lakhs) annual band.
Eligible full-time on-campus PG students from India may receive £2,450 (INR 3.15 Lakhs) automatically.
The standard advance tuition payment is £5,000 (INR 6.44 Lakhs) for Student Visa processing.

September 2026 Intake: Visa timing now controls the decision

Intake: September 2026 is listed for UG and PG courses. Its general deposit and Confirmation of Acceptance for Studies (CAS) documents deadline was 7 August 2026. A new Indian applicant needing a Student Visa should target January 2027 PG entry. Its CAS deadline is 30 November 2026. UG applicants should target September 2027. Universities and Colleges Admissions Service (UCAS) equal consideration closes on 13 January 2027.

Fee update: The 2026/27 rate is £15,700 (INR 20.22 Lakhs) for most management Master’s courses. Classroom-based management UG courses cost £16,100 (INR 20.73 Lakhs). The Executive MBA is £26,069 (INR 33.57 Lakhs) per year.

When to pay: Bradford requires £5,000 (INR 6.44 Lakhs) by the January 2027 CAS deadline. An approved sponsor letter can replace that payment.

Scholarships: The 60th Anniversary Scholarship gives Indian full-time on-campus PG students £2,450 (INR 3.15 Lakhs) automatically. Inlaks is closed for 2026 and excludes business and management. K.C. Mahindra’s 2026 overseas PG applications are closed.

Course timing matters most for the late cycle. Review Bradford admission dates before paying any deposit.

Table of Contents

School of Management, University of Bradford Tuition Fees by Programme
School of Management, University of Bradford Fee Trend by Year
Cost of Living in Bradford for Indian Students
Total Cost of Studying at School of Management, University of Bradford
School of Management, University of Bradford Scholarships for Indian Students
School of Management, University of Bradford Tuition Deposit and Payment Options
Hidden Costs of Studying at School of Management, University of Bradford
Fee Saving Strategies for Indian Students
Is School of Management, University of Bradford Worth the Cost for Indian Students
School of Management, University of Bradford Fees FAQs

School of Management, University of Bradford Tuition Fees by Programme

The 2026/27 standard international classroom fee is £15,700 (INR 20.22 Lakhs) for most management Master’s courses.

School of Management, University of Bradford PG Fees:

Most on-campus PG courses use the 12-month September route or the 14-month January route.

Finance and Investment, Marketing, Human Resource Management, Logistics, and Digital Marketing list both starts.

CIPD means Chartered Institute of Personnel and Development.

Programme	Duration	Published tuition (GBP and INR)	Fee basis	Indicative full-course tuition (GBP and INR)
Management MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Finance and Investment MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Marketing MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Human Resource Management (CIPD Accreditation) MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Logistics, Data Analytics and Supply Chain Management MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Finance, Accounting and Management MSc	N/A	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	N/A
Digital and Strategic Marketing MSc	12 months September, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
Management (with Professional Placement) MSc	15 months, September start	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	N/A
International Business and Management MSc	12 months September or May, 14 months January	£15,700 (INR 20.22 Lakhs)	Annual classroom tuition	£15,700 (INR 20.22 Lakhs) for 12-month route; N/A for 14-month route
MBA Distance Learning	2 to 3 years, part-time	£21,200 (INR 27.30 Lakhs)	Distance-learning programme fee	N/A

Source: University of Bradford 2026/27 international tuition schedule and programme pages.

Full-course figures use current annual tuition at unchanged current rates. Future fee changes can alter the amount.

January routes add four months on several classroom Master’s courses.
CIPD membership is included for eligible Human Resource Management students during the first year.
Management with Professional Placement needs offer-level confirmation for placement-year charges.
MBA Distance Learning is not a campus route and does not support a UK Student Visa.
The Executive MBA is £26,069 (INR 33.57 Lakhs) annually, outside the standard classroom band.

Shortlist by fee basis first, then test the January duration, scholarship terms, and housing total.

School of Management, University of Bradford Undergraduate Fees:

Current UG classroom tuition is £16,100 (INR 20.73 Lakhs) per year for the featured business courses.

These degrees start in September and normally last three years full time.

Programme	Duration	Published tuition (GBP and INR)	Fee basis	Indicative full-course tuition (GBP and INR)
Business and Management BSc	3 years full time, 4 with sandwich placement	£16,100 (INR 20.73 Lakhs) per year	Annual classroom tuition; placement year £1,610 (INR 2.07 Lakhs)	£48,300 (INR 62.20 Lakhs) for standard 3-year route
International Business and Management BSc	3 years full time, 4 with sandwich placement	£16,100 (INR 20.73 Lakhs) per year	Annual classroom tuition; placement year £1,610 (INR 2.07 Lakhs)	£48,300 (INR 62.20 Lakhs) for standard 3-year route
Business Management and Accounting BSc	3 years full time, 4 with sandwich placement	£16,100 (INR 20.73 Lakhs) per year	Annual classroom tuition; placement year £1,610 (INR 2.07 Lakhs)	£48,300 (INR 62.20 Lakhs) for standard 3-year route
Marketing BSc	3 years full time, 4 with sandwich placement	£16,100 (INR 20.73 Lakhs) per year	Annual classroom tuition; placement year £1,610 (INR 2.07 Lakhs)	£48,300 (INR 62.20 Lakhs) for standard 3-year route
Finance and Business Analytics BSc	3 years full time, 4 with sandwich placement	£16,100 (INR 20.73 Lakhs) per year	Annual classroom tuition; placement year £1,610 (INR 2.07 Lakhs)	£48,300 (INR 62.20 Lakhs) for standard 3-year route

Full-course figures use the current three-year tuition at unchanged current rates. A sandwich placement year changes the course total.

UG tuition is annual, not a single payment for the whole degree.
The optional sandwich year costs £1,610 (INR 2.07 Lakhs) on the current schedule.
UCAS means the Universities and Colleges Admissions Service, used for these undergraduate applications.
January is a PG-only route here, so UG applicants should plan for September 2027.

Note: Annual tuition does not lock later fee years. The three-year UG comparison uses £16,100 (INR 20.73 Lakhs) for every year.

Course selection changes the budget through duration, placement choice, and delivery mode. Compare Bradford course requirements before comparing only the headline fee.

School of Management, University of Bradford Fee Trend by Year

UG tuition fell 21.6% for 2026/27 after a 5.0% rise in 2025/26.

The change affects the timing decision because September 2027 applicants must use the latest published year until Bradford updates it.

Year	UG tuition (GBP)	UG tuition (INR)	YoY %
2024/25	£19,560 (INR 25.19 Lakhs)	INR 25.19 Lakhs	N/A
2025/26	£20,538 (INR 26.45 Lakhs)	INR 26.45 Lakhs	+5.0%
2026/27	£16,100 (INR 20.73 Lakhs)	INR 20.73 Lakhs	-21.6%

Source: University of Bradford undergraduate international fee schedules for 2024/25 to 2026/27.

The 2026/27 UG rate is substantially below the prior published classroom rate.
PG classroom tuition rose from £19,494 (INR 25.10 Lakhs) in 2023/24. It reached £21,490 (INR 27.67 Lakhs) in 2025/26.
PG classroom tuition is £15,700 (INR 20.22 Lakhs) for 2026/27, a 26.9% fall from 2025/26.
Do not project another fall for September 2027 without a new official fee schedule.

Key Insight: September 2027 UG applicants should use £16,100 (INR 20.73 Lakhs), the latest published 2026/27 rate. January 2027 remains PG-only, so it does not create an earlier UG fee route.

Use the latest published fee year until Bradford releases the next schedule, then rerun the budget before accepting the offer.

Cost of Living in Bradford for Indian Students

Bradford estimates 51-week living costs at £12,295 to £16,896 (INR 15.83 to 21.76 Lakhs).

The university figure includes accommodation, utilities, food, travel, setup, and personal essentials.

Bradford Living Expenses for Indian Students:

Expense	Monthly (GBP and INR)	Monthly (INR)	Annual (INR)	Notes for Indian Students
Accommodation	£361.25 to £744.67 (INR 46,518 to 95,891)	INR 46,518 to 95,891	INR 5.58 to 11.51 Lakhs	Largest variable; compare tenancy length and bills.
Utilities	£127.08 (INR 16,364)	INR 16,364	INR 1.96 Lakhs	Check whether private rent includes utilities.
Food	£255 (INR 32,836)	INR 32,836	INR 3.94 Lakhs	University estimate uses £60 (INR 7,726) weekly.
Toiletries, laundry, and household	£63.75 (INR 8,209)	INR 8,209	INR 98,509	Initial household purchases can raise early cash needs.
Books, stationery, and printing	£42.50 (INR 5,473)	INR 5,473	INR 65,673	Course requirements vary.
Mobile phone	£42.50 (INR 5,473)	INR 5,473	INR 65,673	Choose a short contract before securing a long plan.
Local travel	£85 (INR 10,945)	INR 10,945	INR 1.31 Lakhs	Walking access can reduce this category.
Initial setup	£41.67 (INR 5,366)	INR 5,366	INR 64,385	Keep this separate from recurring living costs.
Insurance	£5.83 (INR 751)	INR 751	INR 9,014	Confirm the policy scope before arrival.
Total	£1,024.58 to £1,408 (INR 1,31,935 to 1,81,308)	INR 1,31,935 to 1,81,308	INR 15.83 to 21.76 Lakhs	51-week estimate

Source: University of Bradford cost-of-living estimate for a single student.

The 51-week estimate supports a 12-month PG budget.
For a 42-week UG year, Bradford gives £10,436 to £14,091 (INR 13.44 to 18.14 Lakhs).
The Green accepts PG and Doctor of Philosophy (PhD) residents, with a refundable £50 (INR 6,439) booking deposit.
Private housing near campus is a walking-distance option, but Bradford gives no current private rent range.
Local travel is budgeted at £1,020 (INR 1.31 Lakhs) annually, so transport can offset rent differences.

Note: Bradford’s 51-week accommodation range is £4,335 to £8,936 (INR 5.58 to 11.51 Lakhs). Lease length changes monthly cash needs.

Reserve housing only after checking the tenancy length against the 51-week budget and the course start.

Currency Tip: The January 2027 PG intake has a 30 November 2026 CAS deadline. Hold the first rent and £5,000 (INR 6.44 Lakhs) tuition payment before forex volatility becomes urgent.

Total Cost of Studying at School of Management, University of Bradford

Management MSc needs INR 37.77 Lakhs to INR 43.69 Lakhs for a first academic year before scholarships.

The table uses annual tuition, 12 months of PG living, and a one-year Student Visa charge comparison.

The Immigration Health Surcharge (IHS) comparison is one year. The actual IHS is paid upfront for the full visa duration.

Scenario	Tuition	Living	Mandatory Fees	Total Year 1
Low living	£15,700 (INR 20.22 Lakhs)	£12,295 (INR 15.83 Lakhs), 51 weeks	£1,334 (INR 1.72 Lakhs), one-year Student Visa and IHS comparison	INR 37.77 Lakhs
Average living	£15,700 (INR 20.22 Lakhs)	£14,595.50 (INR 18.79 Lakhs), 51 weeks	£1,334 (INR 1.72 Lakhs), one-year Student Visa and IHS comparison	INR 40.73 Lakhs
High living	£15,700 (INR 20.22 Lakhs)	£16,896 (INR 21.76 Lakhs), 51 weeks	£1,334 (INR 1.72 Lakhs), one-year Student Visa and IHS comparison	INR 43.69 Lakhs

Source: University of Bradford fee and cost pages; GOV.UK Student Visa rules and current IHS terms.

Tuition uses the published annual Management MSc rate.
Living uses 51 weeks, matching Bradford’s PG estimate.
The table shows one year of IHS, although the full IHS is paid upfront.
The £5,000 (INR 6.44 Lakhs) advance payment reduces tuition, so it is not added again.
Airfare, loan interest, and personal spending beyond the university estimate remain excluded.

At unchanged current rates, Management MSc tuition plus 12-month living totals INR 0.36 to 0.42 Crore.

Equated Monthly Instalment (EMI) describes the monthly loan repayment.

A loan of INR 40 Lakhs at 10.5% over 10 years creates an EMI of about INR 54,000.

Key Insight: The automatic India award reduces tuition by £2,450 (INR 3.15 Lakhs). The 3% early-payment discount increases the combined reduction to £2,847.50 (INR 3.67 Lakhs), if both apply. Confirm the £12,852.50 (INR 16.55 Lakhs) balance before 31 January 2027.

School of Management, University of Bradford Scholarships for Indian Students

The current Bradford award reduces eligible postgraduate tuition by £2,450 (INR 3.15 Lakhs) without a separate form.

Scholarship terms depend on full-time status, campus delivery, self-funding, and the course start.

University Scholarships for Indian Students:

Scholarship	Award or support	Eligibility	Status	Deadline and intake
University of Bradford 60th Anniversary Scholarship 2026/27	£2,450 (INR 3.15 Lakhs) tuition discount	Self-funded new international students from India, full-time on-campus PG taught courses	Open for 2026/27; automatic assessment	No separate deadline; course offer terms control September 2026 or January 2027 entry

Source: University of Bradford 60th Anniversary Scholarship page.

External Indian Scholarships:

No open external Indian award matched Bradford management and the target intake in the fetched provider pages.

Bradford publishes no separate scholarship course deadline for the target cycle. Treat that target-intake deadline as pending until the offer states it.

Provider	Support	Eligibility	Status	Intake relevance
JN Tata Endowment	Overseas postgraduate loan scholarship up to INR 20 Lakhs	Indian citizens pursuing eligible overseas postgraduate study	General funding note; target-intake deadline pending	Check the provider before relying on it for January 2027

Source: JN Tata Endowment terms and current Indian scholarship provider status pages.

Inlaks applications are closed for 2026 and business or management study is excluded.
K.C. Mahindra’s 2026 overseas cycle closed on 30 April 2026.
The Bradford award is a fee reduction, not a cash payment for living costs.
The course application deadline controls whether an offer can support the target intake.

Tip for Indian Students: The automatic £2,450 (INR 3.15 Lakhs) award is Bradford’s main confirmed reduction. Keep it visible in the January 2027 PG offer before comparing payment options.

Funding changes the net fee more than small lifestyle cuts. Check Bradford offer conditions before treating any award as final.

School of Management, University of Bradford Tuition Deposit and Payment Options

Bradford uses a standard £5,000 (INR 6.44 Lakhs) advance tuition payment for Student Visa CAS processing.

CAS means Confirmation of Acceptance for Studies, the document needed for the Student Visa.

The offer letter controls whether a course has a different payment requirement.

Tuition Deposit Examples for International Students:

Course example	Advance payment	Deadline	Refundability	Counts toward tuition
Management MSc	£5,000 (INR 6.44 Lakhs)	By 30 November 2026 for January 2027 CAS processing	Offer terms apply	Yes
Finance and Investment MSc	£5,000 (INR 6.44 Lakhs)	By 30 November 2026 for January 2027 CAS processing	Offer terms apply	Yes

Source: University of Bradford Visa Support and tuition payment pages.

Methods of Payment:

Bank transfer or telegraphic transfer through Bradford’s payment instructions.
Flywire is Bradford’s named international payment provider.
Flywire accepts bank transfer, card, and e-wallet payments in supported currencies.
A forex card can reduce conversion loss compared with a raw wire.
Education-loan disbursement should follow the university invoice and lender schedule.

A forex card or Flywire can save 2% to 3% against a raw wire, depending on bank charges.

Steps to Pay the Tuition Fee for International Students:

Accept the offer and satisfy academic conditions.
Pay the required advance tuition amount.
Submit payment evidence and receive the CAS when Bradford completes checks.
Pay the balance using the issued instalment schedule.
Keep every payment receipt for the visa file and lender records.

Instalments and Early Payment:

January or February enrolment uses 50% at enrolment. The remaining 50% is split into 25% by 1 May and 25% by 1 August.

For a £15,700 (INR 20.22 Lakhs) fee, the first instalment is £7,850 (INR 10.11 Lakhs). Each later 25% instalment is £3,925 (INR 5.05 Lakhs).

Bradford offers a 3% early-payment discount on eligible net annual tuition. The eligible fee must reach at least £8,000 (INR 10.30 Lakhs).

Note: The 30 November 2026 CAS deadline leaves little room for failed transfers. Start a bank transfer at least five working days before the deadline and retain the receipt.

Payment timing affects the visa file, not only cash flow. Review Bradford payment conditions before committing lender funds.

Hidden Costs of Studying at School of Management, University of Bradford

The verified minimum before arrival is INR 8.72 Lakhs for Management MSc, excluding airfare.

For January 2027 PG entry, the £5,000 (INR 6.44 Lakhs) payment must reach Bradford by 30 November 2026.
The Student Visa fee is £558 (INR 71,854) for an application made outside the UK.
The IHS is £1,164 (INR 1.50 Lakhs) for a one-year PG visa example, paid upfront.
Bradford estimates £500 (INR 64,385) for initial setup. The minimum below uses the £50 (INR 6,439) accommodation deposit.
English test retakes, tuberculosis screening, courier charges, and bank fees vary.
Airfare remains outside the verified minimum.

Cash Needed Before Arrival:

Item	Amount	Cash treatment
Advance tuition payment	£5,000 (INR 6.44 Lakhs)	Counts toward tuition
Student Visa	£558 (INR 71,854)	One-time immigration fee
Full IHS for one-year PG visa example	£1,164 (INR 1.50 Lakhs)	Paid upfront for the visa period
The Green accommodation deposit	£50 (INR 6,439)	Refundable subject to tenancy terms
Verified minimum	£6,772 (INR 8.72 Lakhs)	Excludes airfare and variable items

Source: University of Bradford Visa Support, accommodation, and cost pages; GOV.UK immigration fee rules.

Budget approximately INR 8.72 Lakhs or more for first-year hidden costs, with airfare separate.

Note: Families often miss the full IHS payment. The £1,164 (INR 1.50 Lakhs) example falls due with the visa application.

Fee Saving Strategies for Indian Students

For January 2027 PG entry, the largest confirmed saving is the £2,450 (INR 3.15 Lakhs) Bradford scholarship.

Check The Green early because university housing is close to campus and has a £50 (INR 6,439) deposit.
Treat part-time work as supplementary income because visa conditions and job availability can change.
Section 80E of the Income-tax Act can cover qualifying education-loan interest. Confirm current conditions with the Income Tax Department.
Recheck the course fee band. Standard classroom tuition is £15,700 (INR 20.22 Lakhs). The Executive MBA is £26,069 (INR 33.57 Lakhs).
The Graduate Route currently allows 18 months for applications made on or after 1 January 2027.

Tip for Indian Students: Combine the £2,450 (INR 3.15 Lakhs) award with Bradford’s 3% early-payment discount. The combined reduction is £2,847.50 (INR 3.67 Lakhs) before 31 January 2027.

Protect the scholarship first, then compare housing and transfer costs. A lower tuition balance improves loan affordability immediately.

Is School of Management, University of Bradford Worth the Cost for Indian Students

Management MSc costs INR 0.36 to 0.42 Crore for tuition plus 12 months of living before visa costs.

The University of Bradford reports that 91% of graduates enter work or further study shortly after completion.

That outcome supports value, but it does not guarantee an Indian applicant’s salary or sponsorship.

The Graduate Route offers 18 months for applications from 1 January 2027, giving time to test UK employment.

Equated Monthly Instalment (EMI) describes the monthly loan repayment.

A 10-year loan of INR 40 Lakhs at 10.5% costs about INR 54,000 monthly.

That payment is manageable only when the role covers rent, tax, and repayment.

Key Insight: January 2027 entry is strongest when the £2,450 (INR 3.15 Lakhs) award applies. The 3% discount can increase the total reduction to £2,847.50 (INR 3.67 Lakhs). Compare that net fee with the 18-month Graduate Route before accepting a loan.

The September 2026 cycle is not realistic for a new Indian Student Visa applicant. Bradford’s general CAS deadline was 7 August 2026. January 2027 PG entry needs INR 37.77 to 43.69 Lakhs before scholarships. That uses the one-year visa comparison. The £2,450 (INR 3.15 Lakhs) award applies before the discount. The award and 3% discount can reduce tuition by £2,847.50 (INR 3.67 Lakhs). A 40 Lakhs loan costs about INR 54,000 monthly. Confirm the 30 November 2026 CAS deadline, offer terms, and housing before choosing January 2027.

School of Management, University of Bradford Fees FAQs

Ques. What are School of Management, University of Bradford fees for Indian students?

Ans. The University of Bradford lists PG tuition from £15,700 (INR 20.22 Lakhs). Fees can reach £26,069 (INR 33.57 Lakhs) annually. UG classroom tuition is £16,100 (INR 20.73 Lakhs) annually.

Ques. What is the University of Bradford Management MSc fee?

Ans. Management MSc costs £15,700 (INR 20.22 Lakhs) for the published 2026/27 international classroom rate.

Ques. What are the undergraduate fees at Bradford School of Management?

Ans. Business and Management BSc costs £16,100 (INR 20.73 Lakhs) annually for the current classroom rate. The standard degree lasts three years.

Ques. What is the cost of studying at Bradford?

Ans. Bradford’s 51-week living estimate is £12,295 to £16,896 (INR 15.83 to 21.76 Lakhs) annually. Tuition and immigration charges sit outside that living estimate.

Ques. Is the January 2027 intake open for undergraduate courses?

Ans. January 2027 is PG-only for the featured Bradford management routes. UG applicants should target September 2027 and the 13 January 2027 UCAS equal-consideration deadline.

Ques. How much is the Bradford tuition deposit?

Ans. Bradford requires a £5,000 (INR 6.44 Lakhs) advance payment. It supports Student Visa CAS processing on featured on-campus PG routes.

Ques. Does the Bradford deposit count toward tuition?

Ans. The Bradford £5,000 (INR 6.44 Lakhs) advance payment counts toward tuition. The offer letter controls any different course requirement.

Ques. Which Bradford scholarship is available for Indian students?

Ans. The University of Bradford 60th Anniversary Scholarship gives eligible Indian PG students £2,450 (INR 3.15 Lakhs). It applies automatically to qualifying full-time on-campus courses.

Ques. What are the UK Student Visa and IHS charges?

Ans. The UK Student Visa fee is £558 (INR 71,854). The one-year IHS comparison is £776 (INR 99,926), while the actual charge depends on visa duration.

Ques. Is Bradford worth the cost for Indian students?

Ans. The University of Bradford reports 91% of graduates enter work or further study shortly after completion. Value depends on the net fee, role, salary, and repayment plan.