MBA Program Description
Full-Time MBA or Day MBA students complete 57 credit hours over two years. Students traditionally attend a total of 4 semesters (Fall, Winter, Fall, Winter) to earn 57 credits towards their degree. Dual-degree programs on average take 3 years to complete both programs.
MBA Full-time Tuition Cost for 2023 – 2024
|Michigan Resident||$35,196 per Semester or $70,392 for Academic Year|
|Non-Resident||$37,696 per Semester or $75,392 for Academic Year|
Full time enrollment is 9+ credits per semester.
The 2023 – 2024 tuition rates were approved by the University of Michigan Board of Regents in June 2023. 2024 – 2025 tuition rates and cost of attendance budget will be available July 2024.
All registered students will be charged $166.19 for the mandatory registration fees per term. Class fees are dependent on the registered classes. For information on current tuition and fee rates, please visit the Office of the Registrar website.
2023 – 2024 Tuition Breakdown Cost Sheet
MBA Cost of Attendance (COA) Budget for 2023 – 2024
|Estimated Cost:||Michigan Resident||Non-Resident|
|Books and Supplies**||$1,844||$1,844|
|Food and Housing||$18,704||$18,704|
|Personal Misc. Expenses (including Health Care Insurance)||$6,820||$6,820|
|Federal Loan Fees||$224||$224|
|Estimated Cost of Attendance Total||$98,316||$103,316|
**All estimated figures, besides Books and Supplies, are estimated to be the same for MBA1 and MBA2. MBA2 estimated Books and Supplies cost will be $564 less than MBA1 figures for the 2023 – 2024 academic year.
Cost of Attendance (COA) Budget
A student’s financial aid is awarded based on the above standard estimated Cost of Attendance (COA) budget. Students may borrow up to the Cost of Attendance budget; less other aid (such as scholarships and department aid) to cover other budget expenses. All funds, scholarships, loans or other funding received, must fit within the COA budget.
Any awarding after receiving full COA budget, may affect other aid. Please reach out to Ross Financial Aid to have financial aid reviewed to know if something will be affected.
Students enrolled less than 9 credits will be subject to a budget adjustment. Financial Aid will identify the students that are less than 9 credits after the University’s first initial Add/Drop date of the semester, and adjust student’s Cost of Attendance to match that of actual tuition charge on account, which may result in a reduction of awarded aid. To learn more about the University’s Add/Drop date, visit the Registrar’s website and click on “Calendars”> checkbox “Registration Deadlines”> select an “Academic Term” and hit “Submit” to view the University’s registration deadlines.
Sometimes the standard estimated Cost of Attendance does not realistically meet a student’s actual expenses. Student’s that are in need of additional aid beyond the standard estimated Cost of Attendance budget, may want to seek a Budget Re-Evaluation. The Budget Re-Evaluation option opens in early October.
Registration and fees information
The University of Michigan bills all students for tuition and registration fees.
- All registered students will be charged $166.19 for the mandatory registration fees per term.
- Class fees are dependent on the registered classes.
- Housing is billed only if the student lives in University of Michigan housing.
- International students:
- Billing and payments are handled by the Student Financial Services.
Students who believe their residency status should be In-state (Michigan Resident) and not Out-of-state (Non-Resident), will want to contact the Residency Classification Office. Phone: (734) 764-1400; Email: email@example.com
Multidisciplinary Action Projects (MAP)
All first year full time MBA students (MBA1) will participate in MAP during their second semester.
There is no cost to the student for participating in MAP. On behalf of the student, the participating MAP company sponsors will cover all MAP related expenses. To account for the cost of MAP covered by the company sponsors, and as per federal regulations, this support must be reported against the student’s account.
What this means to you and your financial aid:
For all full time MBA1 students participating in MAP in Winter 2024, an estimated “MAP Ross Placeholder” of $2,578 will show on the financial aid award. This is to record the cost covered by the MAP company sponsors. All MBA1 Cost of Attendance budgets are also increased by $2,578 to accommodate this placeholder, and to not impact aid and loan borrowing eligibility. Therefore, the budget increase and the corresponding placeholder cancel each other out and create an equal balance of expenses and payments against the student’s account. The MAP placeholder will not reduce, refund or disburse against the student’s account / tuition cost.
Dual Degree MBA Students
There are more than 20 established dual degree programs available to Michigan Ross students. Most dual programs require a three-term enrollment at Michigan Ross and three terms with your dual program.
Contact Ross Graduate Academic Advising for more information on dual degrees, and keep in contact with Ross Financial Aid during your dual degree studies at the University of Michigan.
The Ross Financial Aid office processes general financial aid for all Ross dual programs with the exception of Law and Medical. Dual Law and Medical students should contact their Law and Medical financial aid offices for assistance. Ross Financial Aid will post Ross scholarships awarded to dual degree students (including Law and Medical dual students).
Please contact Ross Financial Aid if you have any questions regarding financial aid or other questions. Be sure to include your UMID number in all correspondence with our office.
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.