Executive MBA – Tuition and Costs

First tuition bill will be due August 2013.  While tuition and costs for the 2013 entering class will be announced in July 2013, the costs of the 21-month Executive MBA (EMBA) Program that began in Fall 2012 were:

    v  $3,000 nonrefundable enrollment deposit credited toward tuition;
    v  $131,000 (five terms at $26,200 per term) for Michigan residents; and
     v  $136,000 (five terms at $27,200 per term) for nonresidents.

(See the Registrar's Office for details on University of Michigan residency requirements.)

Ann Arbor and Los Angeles students pay the same tuition and costs which cover:

• Tuition and fees;
• All Executive MBA course materials (books, course packs, and handouts); and
• Lodging and meals.  Participants traveling from outside the respective regions may be eligible (depending on the distance traveled) to stay in campus facilities on Thursday night prior to Friday morning classes and Saturday night after classes.  Lodging and meals also are covered for the duration of extended on-campus residencies.

EMBA students are required to pay for all transportation to and from Ann Arbor and/or Los Angeles.  All students may borrow funds to cover the following approved budget items per federal guidelines: Budget Items

Financial Aid

 Scholarships
A limited number of scholarships are available to candidates from the nonprofit and public sectors on the basis of merit and need.   All scholarship decisions are made by the Admissions Committee and the EMBA program office.  Scholarship decisions are typically made after the enrollment deadlines.  Download a scholarship application. 

Scholarship applicants must also complete a 2013-2014 Free Application for Federal Student Aid (FAFSA), which can be found online at www.fafsa.ed.gov.  Use the University of Michigan Title IV School Code: 002325.  (The Ross School of Business does not have a school code for the FAFSA.)

• Company Sponsored Payments
  While some EMBA students are sponsored in full or in part by their employers, financial sponsorship is not a requirement for admission.  Sponsored students are those students that are registered and require Student Financial Services to bill an outside sponsor for tuition and fees while they attend the University of Michigan.  Student Financial Services will process deferred third-party billing of tuition and fees to businesses, governments, agencies and organizations desiring to sponsor a student at the University of Michigan.
   

Enrollment Deposits for Sponsored Students:  Please notify EMBA Admissions at
rossemba@umich.edu or 734.647.3400 if your organization will be paying the
nonrefundable enrollment deposit and cannot use our online credit card process.

• Federal and Private Loans
  U.S. Citizen and Permanent Resident EMBA Students may be eligible for federal and/or private loans.
• United States Veterans Support Post 9/11 GI Bill – Chapter 33 and Yellow Ribbon Program
  Ross is proud to participate in the Chapter 33 – Yellow Ribbon program. Student U.S. military veterans who qualify for Chapter 33 benefits at 100% will qualify to receive Yellow Ribbon funding at Ross. The VA and Ross benefits added together will cover full tuition and fees. You will also receive a housing and book stipend directly from the VA each term you are enrolled at Ross.  For access to Veteran benefits, you must certify your enrollment at the University of Michigan.  Certifying Officials for Veterans Benefits in the Office of the Registrar can assist with this process.  Visit U-M Veteran's Connection for more details and a link to apply for the program.
• International Students
  International EMBA students can find financial aid and scholarship information here.  International students may also borrow private loans provided they have a qualifying U.S. citizen or permanent resident co-signer. 

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For additional information or questions regarding financial aid, please contact the Ross Financial Aid Office at:  rossfinaid@umich.edu.