Tuition & Financing

University of Michigan

Loading...

Tuition

Tuition for the School of Information Master of Applied Data Science online degree program reflects the quality and value of a University of Michigan education.

We offer competitive rates for both in-state and out-of-state students. U-M is partially state-funded so Michigan residents pay a lower rate.

For the 2020-2021 academic year* tuition is $950 per credit for State of Michigan residents and $1,267 per credit for non-residents. There are also additional fees (approximately $165 a semester).

The total cost of the 34-credit degree is about $31,688 for in-state students and $42,262 for out-of-state students.

Unlike most online degree programs, the Master of Applied Data Science offers partial scholarships in addition to other types of financial aid.

Please note: All final tuition rates (including annual increases) are approved by the University of Michigan Board of Regents every June, so these figures are solely for estimating purposes.

Pay As You Go

We offer several payment options, and fortunately you won’t be billed upfront for the whole degree. You may pay per term for all the classes you take that term, opt into a monthly payment plan, or pay each time you register for a course. If something comes up due to work, family, or other life commitments, and you need to take one or more months (sessions) or even an entire term off, you won’t be charged.

Financial Aid

UMSI is committed to providing education to highly qualified students regardless of financial status. Unlike most online degree programs, the Master of Applied Data Science offers the opportunity for partial scholarships in addition to other types of financial aid.

The information you provide on your application will be used to help determine eligibility for those scholarships.

Financial Resources

To learn more about financing your degree visit the Degrees Financial Resources Hub. This resource includes information for both U.S. citizens and permanent residents, and for applicants located outside of the United States.

Tuition Reimbursement

Students are also encouraged to seek tuition reimbursement through their employer. We recommend that you speak with your manager or HR department to see what’s available to you as an employee.

Student Loan Options for U.S. Citizens and Permanent Residents

Students have access to non-need-based loan funding to cover expenses associated with their degree. A student's total financial aid (scholarships, fellowships, and all education loans) cannot exceed the financial aid budget for the academic year.

The Federal Direct Unsubsidized Loan program is available to all U.S. Citizens and permanent residents who meet basic federal requirements (i.e. a student has never defaulted on a Federal loan, is not currently involved in filing bankruptcy, registered for Selective Service etc). Students can choose to borrow either Federal Direct Graduate PLUS or private student loan funds to supplement the Unsubsidized Loan annual maximum of $20,500. Students should research private education loan lenders to determine which option is best for their individual situation.

 Federal Direct Unsubsidized LoansFederal Direct Graduate PLUS LoansPrivate Loans
Credit RequirementsNone, but student must meet eligibility requirements as determined by the FAFSAGood credit history or no credit history (no delinquent accounts or bankruptcy on credit report)Lenders may require students to have a particular credit score to be approved without a co-borrower.
Interest Rate6.0% fixed*7.0% fixed*Fixed or variable, based on either the Prime Rate or LIBOR
Origination Fee1.066%4.264%Varies
Annual Maximum$20,500Financial aid budget minus all other financial aidFinancial aid budget minus all other financial aid
Grace Period6 months6 months6 to 9 months
Repayment Period10 to 25 years. Several repayment plans available10 to 25 years. Several repayment plans available10 to 25 years, depending on the lender
Income-Driven Repayment OptionsYesYesNo
Possible Loan Forgiveness or CancellationYesYesNo

To apply for federal student loans, complete your Free Application for Federal Student Aid (FAFSA) at FAFSA.gov.

*Read more about Federal Direct Loans at the Department of Education website. To qualify for federal student loans a student must be enrolled in at least 4.5 credits per semester.

Your total financial aid (scholarships, fellowships, and all education loans) cannot be more than the estimated expenses plus tuition and fees.

Coursera does not grant credit, and does not represent that any institution other than the degree granting institution will recognize the credit or credential awarded by the institution; the decision to grant, accept, or transfer credit is subject to the sole and absolute discretion of an educational institution.

We encourage you to investigate whether this degree meets your academic and/or professional needs before applying.