Master of Management (MM)
Master of Management (MM) Program:
The Master of Management is a 10 month program. Students attend for 3 consecutive terms (Summer, Fall, and Winter) and complete 30.75 credit hours.
MM Tuition Cost for 2023 – 2024
| Term: | Michigan Resident | Non Resident |
| Summer 2023 | $10,272 | $11,272 |
| Fall 2023 | $20,544 | $22,544 |
| Winter 2024 | $20,544 | $22,544 |
| Total | $51,360 | $56,360 |
The Cohort 2023 tuition rates were approved by the University of Michigan Board of Regents in June 2022. The entering Cohort 2024 rates will be approved in June 2023 and released in 2024.
All registered students will be charged 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.
MM Cost of Attendance Budget For Cohort 2023
MM Cost of Attendance (COA) Budget for Summer 2023
| Estimated Cost: | Michigan Resident | Non Resident |
| Tuition – 6.5 credits | $10,272 | $11,272 |
| Registration Fees | $83 | $83 |
| Books and Supplies | $311 | $311 |
| Food and Housing | $4,445 | $4,445 |
| Personal Expenses (including Health Care Insurance) | $1,657 | $1,657 |
| Federal Loan Fees | $56 | $56 |
| Estimated Cost of Attendance – Summer | $16,824 | $17,824 |
MM Cost of Attendance (COA) Budget for Fall 2023 and Winter 2024
| Estimated Cost: | Michigan Resident | Non Resident |
| Tuition | $41,088 | $45,088 |
| Registration Fees | $332 | $332 |
| Books and Supplies | $1,280 | $1,280 |
| Food and Housing | $18,704 | $18,704 |
| Personal Expenses (including Health Care Insurance) | $6,820 | $6,820 |
| Federal Loan Fees | $224 | $224 |
| Estimated Cost of Attendance – Fall & Winter | $68,448 | $72,448 |
Cohort 2023 Fall/Winter Cost of Attendance Budget were updated in July 2023. Entering Cohort 2024 entering in Summer 2024 will have their Fall/Winter budget will be updated in July 2024.
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 for Fall or Winter term, 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 Fall and Winter 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.
Loan borrowing information
When students are looking to borrow loans to assist in the cost of tuition with or without the COA living/education expenses, they may be completing up to two (2) loan applications based on the type of loans and when the loans are needed for.
For students attending a program and registered in terms during different academic years, financial aid would be requested and awarded accordingly. Financial aid can be requested for an academic year but awarding would be per either a traditional or non-traditional term. Fall and Winter loan can be combined or separate but are considered a traditional term and would be certified as such. The Spring/Summer loan is considered a non-traditional term and any loans would need to be applied separately from Fall/Winter and would be certified as such by our Loan department.
Loan information on what options students may have are listed on our Loan page.
Terms, type of term, within which academic year for 2023-2026 terms:
| Term(s): | Type of term: | Academic Year: |
| Summer 2023 | Non-traditional term | 2022-2023 academic year |
| Fall 2023 and Winter 2024 | Traditional term(s) | 2023-2024 academic year |
| Summer 2024 | Non-traditional term | 2023-2024 academic year |
| Fall 2024 and Winter 2025 | Traditional term(s) | 2024-2025 academic year |
| Summer 2025 | Non-traditional term | 2024-2025 academic year |
| Fall 2025 and Winter 2026 | Traditional term(s) | 2025-2026 academic year |
Registration and fees information
The University of Michigan bills all students for tuition and registration fees.
- All registered students will be charged $83.10 for mandatory fees for Summer term. Students will be charged $166.19 for the mandatory registration fees per Fall and Winter term.
- Class fees are dependent on the registered classes.
- Housing is billed only if the student lives in University of Michigan housing.
- International students:
- The International Health Insurance (part of personal expenses) charged each month per the IHI requirements.
- The International Student Service fee of $250 for Summer term, and $500 per Fall and Winter terms.
- Billing and payments are handled by the Student Financial Services.
Residency
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: ro.residency@umich.edu
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.
