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Cost of Attendance

Program Costs

Funding your graduate education is a significant undertaking, but it is one that will yield significant benefits for your professional and personal development. The Office of Financial Aid maintains current estimates for the cost for graduate students to attend the University of Michigan. 

For the 2018-2019 academic year, tuition for graduate students who are established Michigan residents is $11,564 per semester. For non-residents, tuition is $23,339 per semester. Students should plan to enroll for at least 3 semesters to complete the master's program.

More details about how tuition is calculated can be found on the Registrar's website.

Financial Aid

As is typical for terminal master's degrees in the United States, the Quant Program's ability to provide financial aid for our students is limited. All applicants are automatically considered for fellowship funding at the time of application. We will notify funding recipients of any awards in their acceptance letters.

For continuing students, in recent years we have been pleased to be able to award merit scholarships to top-performing students after the completion of their first year in the Quant Program.

The Office of Financial Aid describes additional forms of aid available to graduate students across the university and elsewhere. For students receiving or applying for funding through their governments or employers, the Quant Program is happy to provide the necessary documentation to verify their enrollment and progress toward degree.