MS in Mathematical Finance

The following tuition, fees, and other expenses have been established at Boston University School of Management for the 2014-2015 academic year.

To get started, we encourage you to explore the Financing Your MS in Math Finance Guide.

Tuition

MSMF Tuition
Tuition* $45,686
Fees* $736
Books and Supplies (Estimated) $1,574
Room and Board (Estimated) $12,310
Incidentals (Estimated) $4,370
Total Educational Expenses* $64,676
* Tuition and fees are subject to change without notice.

Looking to see tuition rates in another currency?  To convert the US dollar amounts into other currencies, such as Euros, Great Britain Pounds, Chinese RMB and Indian Rupees and see current exchange rates.

Massachusetts law requires all students who carry at least 75 percent of the full-time curriculum to have medical insurance. Students who cannot demonstrate coverage under a qualifying medical insurance plan are required to purchase the University’s student health insurance plan. The cost of BU Medical Insurance for the 2013-2014 academic year was $2,141.

Scholarships

In our effort to attract the highest quality candidates from around the world, the Dean’s Scholarship program provides a limited number of awards for candidates with outstanding academic aptitude and contribute to diversity in the classroom. A separate application for scholarship consideration is not needed, and the Admission Committee considers all admitted candidates for merit scholarship awards. Recipients are notified of these opportunities in their official admission letter. Both domestic and international candidates will be considered for these awards.

Federal Financial Aid

Federal Direct Stafford Loan
The Federal Direct Stafford Loan Program provides low-interest loans to US citizens pursuing graduate education. The maximum loan eligibility is $20,500 per academic year and the interest rate is currently 5.41%.

Federal Perkins Loan

The Federal Perkins Loan is a low-interest loan awarded to full-time students who demonstrate the highest financial need.  The typical award is $3,000 per academic year due to limited funding and the interest rate is fixed at 5.0%.

To apply for federal financial assistance:

  1. Obtain a PIN (Personal Identification Number) from the Department of Education website. You will need a PIN to complete the FAFSA.
  2. Complete the 2013-2014 Free Application for Federal Student Aid (FAFSA) online. Boston University’s school code is 002130.
  3. Complete the GSM Application for Federal Financial Aid and submit it to the Graduate Programs Office via drop off, mail, fax, or scan and e-mail.

Private Loans

US citizens, permanent residents, and international students can finance business school with private education loans. US citizens and permanent residents who qualify as creditworthy do not require cosigners. International students, however, must apply with a creditworthy US citizen or permanent resident with a US-based address.  For more information about lenders in the rapidly changing loan environment, please visit BU’s Alternative Financing Options website.

Private Scholarships

Many state and private organizations offer scholarships to students who demonstrate academic excellence. The Graduate Programs Office encourages you to apply for all external scholarship opportunities.

For your convenience we have included a list of Outside Scholarships.

External Resources:

  • Fast Web
    Database of over 1.3 million scholarships, fellowships, and grants
  • FinAid
    Information on scholarships, loans, saving plans, and military aid
  • Scholarships and Grants
    Free US College Scholarships, Grants, Competitions and Awards Resources
  • ScholarshipExperts
    Database of over 2.5 million scholarship awards
  • CollegeBoard
    College Board’s scholarship search from a database of over 2,300 sources
  • CollegeNet
    CollegeNet’s scholarship search
  • GradLoans
    The Student Loan Network provides answers to financial aid questions and links to free scholarship searches
  • The Scholarship Page
    Scholarship search engine
  • AAUW
    American Association of University Women offers awards, grants, scholarships and fellowship opportunities to women
  • Government Finance Officers Association
    Offers accounting, finance and business graduate scholarships
  • The Independent Institute
    Essay contest
  • Collegiate Inventors Competition
    The Competition promotes exploration in invention, science, engineering, technology, and other creative endeavors.
  • TextBookX
    Essay Contest
  • OP Loftbed Scholarship
  • AACE International Competitive Scholarships
    Scholarships to qualified students who are enrolled or planning to participate in an accredited college or university program.
  • Government Grant programs
    *** Cost money for the information
  • Grants for Single Mothers
    Grants for Single Mothers is among the web’s top educational resource focused on helping single moms. Topics include single mom financial aid, scholarship resources, food and housing programs, parenting advice, and related information. The site is maintained by a single mom , Lindsay Blanche, in hopes to help and educate other single moms in need.

Payment Plan Options

Students may choose to budget all or part of their full-year balance in ten monthly payments with the TuitionPay Plan. Participants must complete an enrollment form and pay a nonrefundable $65 enrollment fee. The fee for 2014-2015 is not yet available. For more information about the TuitionPay Plan or to enroll online, please visit Sallie Mae Tuition Pay Plan and click on “Enroll Now” or call (888) 844-4754. If calling from outside the United States, please dial (508) 235-2800. The deadline to enroll in the TuitionPay Plan is mid-August.

Veterans Benefits

Veterans and military personnel are eligible for educational assistance. If you are interested in taking advantage of this assistance, please contact 1-888-GI-BILL (1-888-442-4551) and speak with a Veterans Benefits Counselor or visit the GI Bill website.