Tuition & Finances

Tuition and fees for the 21-month program beginning in August 2008 (EMBA12) and January 2009 (EMBA13) are $120,000 for Michigan residents, $125,000 for non-residents .  This rate includes all course materials as well as hotel lodging and meals for all extended residential sessions and Friday evenings during regular weekend sessions. Participants traveling from outside the region may also stay in lodging facilities on Thursday night prior to Friday morning classes. Candidates will also be provided with a laptop including all necessary software. See the Registrar's Office website for details on University of Michigan Residency Requirements. 

Tuition and fees for the Fall 2009 (EMBA14) and Winter 2010 (EMBA15) entering classes will be announced in June 2009.

Participants are required to pay for all transportation to and from Ann Arbor. Accepted applicants will be required to make a non-refundable enrollment deposit of $1000, credited toward tuition.  There are five semesters recognized within the EMBA Program; payment is due prior to the start of each semester in roughly five equal installments.  For the Fall 2008 entering class, payments are due July 15, and November 15, 2008; March 15, July 15, and November 15, 2009.  For the Winter 2009 entering class, tuition payments are due November 15, 2008; March 15, July 15 and November 15, 2009; March 15, 2010.

Transportation costs to and from Ann Arbor are not included.  Because travel needs may differ considerably, it is difficult to estimate total costs of attendance.

Financial Aid Options

Participants in the Executive MBA Program may be eligible for certain federal and/or private loans.  Private loans are available for both US and non-US citizens with proper visa status.  Financial Aid considerations will usually begin only after a candidate has been admitted to the program.  The Executive MBA Office will assist you with processing student loan applications, which are the primary source of graduate program financial assistance.  It is possible to borrow the entire cost of your EMBA education at reasonable interest rates.  (Most loans are based on credit worthiness rather than on need; as such, the majority of candidates are eligible for loans.  Specific eligibility is determined by private lenders.) 

Because of lower repayment costs, most students first consider Federal Direct Loans (Subsidized or Unsubsidized), and then consider private/additional loans through CitiAssist or through the supplemental Grad PLUS federal loans.  (The Ross School of Business has selected CitiAssist as primary private loan vendor.)  CitiAssist and Grad PLUS loans are used to supplement the balance of cost of attendance not borrowed through the Federal Direct Loan Program.

For a summary of Financial Aid loan options, click here.

All information included here is correct to the best of our knowledge; information subject to change.

Scholarship Options

A limited number of scholarships, ranging from full to partial tuition credit, are available to exceptional candidates from the non-profit and public sectors.  Scholarship decisions are made in consultation with sponsoring organizations and will take into account both need and merit.  Candidates wishing to be considered for scholarships will be required to submit a Scholarship Application form after receiving admission to the program.  Scholarship decisions will be made only after a candidate has been admitted to the program.  Contact the Executive MBA Program Office for further details. 

Recently sponsored organizations include: