Master of Applied Data Science
University of Michigan
Tuition
The total cost of the 34-credit degree program is approximately $35,870 (about $1,055 per credit hour) for in-state students and approximately $47,838 (about $1,407 per credit hour) for out-of-state students, based on this year's estimated rates before fees.
Tuition is set by the U-M Office of the Registrar. Each year near the beginning of the fall term, updated tuition and fees are posted on the Registrar's website.
Unlike most online degree programs, the Master of Applied Data Science offers the opportunity for scholarships ($1,000-$5,000) in addition to other types of financial aid. All applicants are automatically considered for merit-based scholarships that will cover partial tuition.
*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
Unlike most online degree programs, the Master of Applied Data Science offers the opportunity for limited 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. We expect more than half of our online students to receive some financial support.
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, is 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 Loans | Federal Direct Graduate PLUS Loans | Private Loans | |
|---|---|---|---|
| Credit Requirements | None, but student must meet eligibility requirements as determined by the FAFSA | Good 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 Rate | 6.0% fixed* | 7.0% fixed* | Fixed or variable, based on either the Prime Rate or LIBOR |
| Origination Fee | 1.066% | 4.264% | Varies |
| Annual Maximum | $20,500 | Financial aid budget minus all other financial aid | Financial aid budget minus all other financial aid |
| Grace Period | 6 months | 6 months | 6 to 9 months |
| Repayment Period | 10 to 25 years. Several repayment plans available | 10 to 25 years. Several repayment plans available | 10 to 25 years, depending on the lender |
| Income-Driven Repayment Options | Yes | Yes | No |
| Possible Loan Forgiveness or Cancellation | Yes | Yes | No |
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.
Have questions?
If you have questions about the application process or eligibility, please email us at umsi.mads@umich.edu.