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Tuition and Financial Aid

Tuition  for the 2017 MS in Business Analytics program is set at $36,000 for in-state residents and $39,000 for out-of-state residents. Tuition is billed in three equal installments before each semester. Students are also expect to purchase on their own a laptop computer and have it loaded with the initial software (Microsoft office, SAS 9.3, SPSS Modeler)—these can be purchased at a significant discount for students at  MSU’s computer store. The payment schedule follows MSU payment periods available on MSU Student Accounts.

Other expected costs estimated by university:

  • Living Expenses:  $15,000
  • Student Health Insurance Estimate:  $2,000.   The attached document provided a detailed overview of the student health insurance policy through 2016.  2016-17 Student Insurance Rates and Plan Design
  • Books:  $1,750

Estimated total for year:  $66,000 (out-of-state/international for financial statement application processing) and $53,000 (in-state).  For international students affidavit of support: We required you to state $66,000 to cover tuition, insurance and books to ensure proper financial coverage and processing of your I-20 form.

A deposit of $1000.00 is due upon admission into the program. This deposit is Non-refundable.

Financial Aid

For financial aid purposes, the MS in Business Analytics is considered a full-time graduate program. Full-time graduate education and financial aid is based on nine or more credits in any given semester. Many students may qualify for financial aid in the form of student loans. Here are a few of the most common student loan options:

  • Subsidized Stafford Loan: This federal loan is available to graduate students based on demonstrated financial need. Students are not charged interest before they begin repayment or during periods of deferment. The federal government “subsidizes” or pays the interest during these times. The annual loan maximum is $8,500. No payment is required until six months after completing the program.
  • Direct Subsidized Loan: This federally guaranteed loan is not based on financial need. Interest begins accumulating at disbursement, but no payment is required until six months after completing the program. The annual loan maximum is $12,000.
  • Federal Graduate PLUS Loan: This loan is not based on financial need. Interest that begins accumulating at disbursement, but no payment is required until 30 to 60 days after completing the program. The annual loan maximum is the student’s budget minus all other aid.

If you have questions or want additional information about financial aid options, visit MSU Financial Aid or contact Cindy Osborne at (517) 353-5531 or osborn51@msu.edu.


Eli Broad College of Business

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