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They came for the low cost and stayed for the experience — and the low cost. On Sunday (May 13), the first 76 graduates of the University Illinois’ Gies College of Business iMBA will receive their degrees in a convocation ceremony at the school’s Champaign campus, the culmination of two years’ hard work that came with a tuition bill that was by far the lowest of any major university’s online MBA: $22,000.