Online MBA Program Description
The Online MBA is a self-paced program. Students are to complete 57 credits to earn their degree.
Online MBA Tuition Cost for 2022-2023
Online MBA students will be charged based on total number credits enrolled each semester. Since this is a self paced program, with no set enrollment schedule, please review the Online MBA Tuition per Credit Hour Cost Sheets to calculate your tuition charge based on your individual enrollment plan.
TUITION PER CREDIT HOUR COST SHEETS:
- In-State Residency Fall 2022 – Winter 2023
- In-State Residency Eight Weeks Spring 2023 OR Summer Terms 2023
- Out-of-State Residency Fall 2022 – Winter 2023
- Out-of-State Residency Eight Weeks Spring 2023 OR Summer Terms 2023
The 2022 – 2023 tuition rates were approved by the University of Michigan Board of Regents in June 2022. The 2023 – 2024 tuition rates and cost of attendance budget will be available July 2023.
For information on current tuition and fee rates, please visit the Office of the Registrar website.
Fall 2022 – Winter 2023 Cost of Attendance Budget for Online MBA
|Estimated Cost:||Michigan Resident||Non Resident|
|Tuition at 4.5 credits ***||$17,614||$19,189|
|Books and Supplies||$788||$788|
|Food and Housing||$17,780||$17,780|
|Personal (including Health Care Insurance)||$6,626||$6,626|
|Federal Loan Fees||$224||$224|
|Estimated Cost of Attendance Total||$43,364||$44,939|
Your financial aid is awarded based on the cost of attendance budget. You can borrow up to the Cost of Attendance budget; less other aid (such as scholarships and department aid) to cover the other budget expenses.
***Tuition rate shown in cost of attendance are based on the assumption of 4.5 credits of enrollment per term. If you plan to be enrolled greater than or less than 4.5 credits, please refer to Tuition per Credit Hour Cost Sheet to calculate your actual tuition cost per term.***
If you have questions about your Spring or Summer Cost of Attendance Budget please contact email@example.com with UMID number. As this will be dependent on student’s enrollment plan.
NOTE: Students enrolled less than 4.5 credits will be subject to a budget adjustment. Financial Aid will identify the students that are less than 4.5 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 if awarded full cost of attendance. If you are only borrowing enough to cover tuition and fees only, you do not have to contact Ross Financial aid to increase your budget as you can borrow against the other items in the budget.
IMPORTANT NOTE REGARDING LOANS: Federal loan programs and most private loans will require a minimum of half time enrollment for borrowing eligibility. This means you must have at least 4 credits of enrollment to borrow loans against a given semester.
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.
The University of Michigan bills all students for tuition and registration fees. Housing is billed if you live in University of Michigan housing. International students are billed for International Health Insurance (part of personal expenses) each month and an additional student service registration fee of $500 per semester.
Sometimes the standard estimated Cost of Attendance does not realistically meet a student’s actual expenses. Students that are in need of additional aid beyond the standard estimated Cost of Attendance budget, may want to seek a Budget Re-Evaluation.
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. 5000 LS&A Building, South State St. Ann Arbor, MI 48109-1382 Phone: (734) 764-1400 500 Fax: (734) 615-2432
The Ross School of Business Office of Financial Aid is a satellite office of the University of Michigan Office of Financial Aid.