Tuition and Cost
The Master of Science in Financial Engineering is a self-funded program where students are responsible for paying their tuition and fees. Students in this program are not eligible for Board of Trustee tuition-waivering assistantships at the University of Illinois. However, there are several resources available to our admitted students.
Illinois Residents:
Tuition for Illinois Residents is $17,200/semester for the 2024/2025 academic year. To see if you qualify as an Illinois Resident, please click here.
International/US Domestic:
Tuition for the MSFE program is $23,550/semester for 2024/2025 academic year.
The cost for tuition does not include University fees which cover such things as health insurance, health services, facilities fees, etc. You can see a breakdown of costs using the Cost Calculator Tool at the Office of the Registrar's website.
MSFE Academic Year 2024/2025 breakdown:
Semester cost: $23,550 + University Fees ($2,773) = $26,323 per semester *not including housing*
Program cost: $78,969 (3 semesters)
The University provides electronic billing and notifies the student of a pending bill by email. Payments are made through the University Bursar website.