MS in Finance Tuition & Aid

2026-2027 Tuition

Total Master of Science in Finance program tuition for 2026-2027 is an estimated $39,000 for Minnesota and reciprocity residents (North Dakota, Wisconsin and Manitoba), and $48,750 for non-resident and international students, a decrease from 2025-2026 rates.

Student Type	Per Credit	Total Program Tuition
Minnesota Resident & Reciprocity Residents of ND, WI and Manitoba	$1,000	$39,000
Non-Resident/International	$1,250	$48,750

For full details of tuition costs, please visit One Stop.

Merit scholarships are available. Apply early for the best chance of receiving a merit scholarship.

2026-2027 Fees

Student Type	Estimated Fees
Minnesota Resident/Reciprocity Resident/Non-Resident	$8,304.74
International	$9,144.74

Fees Breakdown

The MS in Finance program has a summer start, some summer fees will be a prorated version of the full semester fees. Fees are subject to change.

All Student Fees

Fee Type	Fall Term	Spring Term	Summer Term	Total
Carlson Fee	$726	$726	$363	$1,815
Academic Records Fee	$150	$150	N/A	$150
Health Insurance^*	$1,795	$1,795	$915	$4,505
Student Services	$532.50	$532.50	N/A	$1,065
Athletics	$100	$100	N/A	$200
Transportation	$77	$77	$32	$186
Capital Enhancement	$86.25	$86.25	N/A	$172.50
Council of Graduate Students	$11.12	$11.12	N/A	$33.36
Safety	$9	$9	$9	$27
Stadium	$6	$6	N/A	$12
Fee Subtotal	$3,492.87	$3,342.87	$1,319	$8,304.74

^{*Required unless proof of comparable insurance is provided. Required for all international students.}

All International Student Fees

In addition to the all student fees listed above, international students have additional fees.

Fee	Fall Term	Spring Term	Summer Term	Total
International Student Services	$308	$308	$176	$792
International Student Engagement	$18	$18	$12	$48
International Sponsored Student fee (not included in total, only applies for agency sponsored candidates, e.g., Fulbright)	$500	$500	$265	$1,265
International Add-On Subtotal	$826	$826	$453	$840

Additional Costs

Program tuition and fees listed above do not include course materials or other personal living expenses. Estimates of those items are identified below.

Tuition Deposit

A non-refundable $1,000 tuition deposit is required to confirm your intention to enroll in the MS in Finance Program and is applied toward the first academic term. Other costs, such as cost of living, are not included in the tables above.

Books, Course Materials, Supplies and Equipment

The estimated annual cost for books, course materials, supplies and equipment is approximately $1,000 per year, or $500 per semester. Actual expenses will vary depending on the courses taken.

Personal Expenses

The estimated costs listed above do not include personal living expenses. You can use the following as a guideline to plan:

Room and board in the Twin Cities for 1 year is approximately $19,108
Transportation for 1 year is approximately $2,350
Personal/miscellaneous for 1 year is approximately $4,000
Loan fees for 1 year is approximately $740

These estimates assume modest, shared housing, simple meals at home, and use of public transportation. Your preferences may result in higher expenses in these areas.

Please see the One Stop Student Services for the latest estimates of the cost of attendance.

Financial Aid

The University of Minnesota offers many loan programs, administered through the Office of Student Finance. To be considered, you must complete the Free Application for Federal Student Aid (FAFSA). International students need a U.S. co-signer for student loans. If you have questions about loan programs, visit Financial Aid — One Stop. The University has reciprocity agreements with the states of Wisconsin, North Dakota, South Dakota, and the province of Manitoba, Canada.

International Student Loans

The University of Minnesota does not specifically offer non-US co-signed loans. Some of the options available to you include:

Prodigy Finance You can find Carlson program-specific information online.
MPower Student Loan You can find details about The MPower loan program at:https://mpowerfinancing.com/borrow

Carlson Graduate Assistant Pay Rates

Graduate Assistants play an important role in the University and the Minnesota Carlson community.

Graduate Labor Union - United Electrical, Radio and Machine Workers of America Local 1105 Eligible Positions

Labor Represented Graduate Appointments
Level	Minimum Hourly Rate	Criteria
1	$28.93	Graduate Assistants working for Minnesota Carlson who are not enrolled in a CSOM PhD program. Includes Master's level students and PhD students outside of Minnesota Carlson.
2	$39.53	PhD student enrolled in a Carlson PhD program.

Non Labor Represented Graduate Appointments at Minnesota Carlson

Non-Labor Represented Graduate Appointments
Job Code	Job Code Title	FY2027 Hourly Rate
9535	Professional Program Assistant	$23.53

Master's students interested in a graduate assistant position should search and apply for available opportunities through the jobsite.

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Master of Science in Finance Tuition & Aid FAQs

What is the total cost of the program (tuition + fees)?

For 2026-2027, Master of Science in Finance tuition is $39,000 for residents & reciprocity residents of ND, WI and Manitoba, and $48,750 for non-resident and international students. That's tuition only. University fees, books, course materials and living expenses are extra. See our Tuition & Aid page for the full breakdown.

Are scholarships or merit-based awards available, and how do I apply?

Yes, merit-based scholarships are available. All applicants are automatically considered for these awards during the comprehensive admissions review process.

Does the program offer teaching or research assistantships?

Graduate and teaching assistantships are not offered through the MSF admissions process because the program follows a rigorous, full-time schedule. If you're planning your budget, we recommend exploring scholarships, financial aid, and other funding options available through the University.

Can my employer sponsor me or is outside funding available?

Yes. Funding options include federal loans, private loans, merit-based scholarships and potential employer tuition support.

What is the estimated cost of living and are budgeting resources available?

The Master of Science in Finance is an in-person program, so your cost of living depends on studying in Minneapolis–St. Paul. The University's cost-of-attendance figures estimate housing, food and personal expenses beyond tuition and fees, and your actual costs depend on where and how you live. See One Stop's cost of attendance to estimate yours and to find financial aid and loan information.

Contact Master of Science in Finance

Email: [email protected]

Phone: 612-625-5555

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