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Broad College of Business

Tuition and Financial Aid

Tuition

Tuition for the M.S. 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. The payment schedule follows MSU payment periods available on MSU Student Accounts.

Students are also expected to purchase a laptop computer on their own and have it loaded with the initial course software (Microsoft Office, SAS 9.3, SPSS Modeler) — these can be purchased at a significant discount for students at MSU’s Computer Store.

Estimated total for year: $70,000 (out-of-state/international for financial statement application processing) and $53,000 (in-state).

For international students’ affidavit of support: We require you to state $70,000 to cover tuition, insurance, books, and any unforeseen expenses to ensure proper financial coverage and processing of your I-20 form.

Other expected costs estimated by the university:

  • Living Expenses: $15,000+
  • Student Health Insurance and Expenses: $1,687
  • Books and Software: $3,000
  • Other Expenses: TBD

2018–2019 Student Insurance Rates and Plan Design

Industry Fellowships

Students who are enrolled in the M.S. in Business Analytics program are eligible to receive a fellowship up to $1,500 to support them in extra-curricular educational development opportunities, such as attending industry conferences, obtaining analytics-focused certifications, etc. The fellowship is paid out after the student has attended the event or completed the certification. To receive this fellowship, approval must be granted first by the program director.

Financial Aid

For financial aid purposes, the M.S. in Business Analytics is considered a full-time graduate program. Full-time graduate education and financial aid are 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 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’s Office of Financial Aid or contact Cindy Osborne at (517) 353-5531 or osborn51@msu.edu.