Michigan Residents Non-Michigan Residents
2019-2020 EMBA Tuition & Expenses

(5 terms / $33,700 per term)

(5 terms / $34,700 per term)

Enrollment Deposit  $5,000
(non-refundable; applied to tuition)
(non-refundable; applied to tuition)

Tuition and expenses are set at the beginning of the 21-month program and do not change.

The 2019 - 2020 tuition rates were approved by the University of Michigan Board of Regents in June 2019. 2020 - 2021 tuition rates will be posted in July 2020. All tuition rates are subject to Regents’ approval and change.

Tuition and expenses for the Michigan Ross EMBA Program cover:

  • all tuition for courses, workshops, special speakers, and events
  • textbooks and course materials, software, and communications needs
  • accommodations
  • all dining, including breakfasts, lunches, dinners, snacks/coffee breaks, and occasional group dining excursions if organized by the EMBA Program

All accommodations and meals are covered for the duration of extended on-campus residencies. In addition, international and/or domestic travel required for the EMBA MAP project course is covered by sponsoring organizations and/or the EMBA Program.

Note that tuition and fees do not cover your monthly travel expenses. EMBA students are required to pay for all transportation to and from Ann Arbor and/or Los Angeles. If you are traveling from outside the region, you may be eligible (depending on distance traveled) to stay in EMBA Program facilities on the Saturday night after classes.


International Student Services Fee: $500 per semester enrolled for students studying under F or J visa status

Cost of Attendance Guidance

Estimated costs for financial aid purposes (Fall 2019 - Winter 2020).

Food & Housing $16,197

Personal $6,352

Loan Fees $222

The cost of attendance budget was finalized by the University of Michigan Regents in June 2019. The estimated 2020 - 2021 cost of attendance budget will be posted in July 2020. Actual credits taken will vary by semester.

Tuition Dates & Deadlines


Fall 2019: August 31, 2019

Winter 2020: January 8, 2020

Spring, Spring/Summer 2020: April 20, 2020

Summer 2020: June 30, 2020

Fall 2020: August 31, 2020

Bills are sent approximately two weeks prior to the due date. You must be enrolled in a term to be billed for tuition and fees.

Admitted students are required to submit a nonrefundable enrollment deposit to secure a seat in a specific EMBA cohort. Tuition is billed in five equal installments due at the beginning of each of the program’s five terms: Fall: Aug. 31, 2019; Winter will be the first day of the term per main campus date: Jan. 8, 2020; Spring/Summer: April 30, 2020. The nonrefundable enrollment deposit is applied toward the first term’s tuition payment.

Contact Us
Ross School of Business

Alumni Career Services

(734) 764-1373




Ross IT
734-615-3000 (option 1)

(734) 763-5775


Ann Arbor Office

Seoul Office

Tokyo Office

Ross Executive Education
+1 734-763-1000

Front Desk

Ann Arbor - 734.647.3400
Los Angeles - 310.617.4750

Natalie Summers
Technology & Operations

Lisa Frye

Ann Arbor Office


Administrative Office








Ross School of Business rossoperations@umich.edu 734.615.5002

Joyce Buchanan, Executive Secretary

Tesenga Smith


Jessica Carter


Paul Kirsch
Managing Director



Lillian Chen, Research Area Specialist

Ross Registrar's Office

701 Tappan Street
Ann Arbor, MI 48109

(734) 615-5002

Stewart Thornhill
Executive Director




Stephen M. Ross School of Business
University of Michigan
701 Tappan Street, R5342
Ann Arbor, MI 48109-1234

Phone: 734-647-4027


Financing Your Education

EMBA Scholarships

All candidates applying to the Executive MBA Program are automatically considered for scholarship awards at the time of application review. We also welcome candidates who are currently working in the non-profit and public sectors as part of our commitment to community and positive social impact.

Applicants are strongly encouraged to apply early in the recruiting cycle when scholarship funds and class seats are at their greatest. All scholarship awards are communicated with admissions decisions approximately four to six weeks after an application has been completed.

Corporate Sponsorship

Corporate financial sponsorship is not a requirement for admission, however, a number of EMBA candidates are sponsored in full or in part by their employers.

Tips on approaching your employer about sponsorship


Students may be eligible for two types of federal government loans:

Federal Direct Unsubsidized Loan

Eligibility Criteria loan terms Additional Information/Requirements
Non-need-based Maximum borrowing amount $10,250 per term. Borrower can choose to have the accrued interest capitalized (added to principal balance) or make periodic payments. No penalty for early pay off.
Student must be enrolled at least half-time in a degree program 6.076% fixed interest rate for graduate students (Effective July 1, 2019. Rates changes each 1st of July)  Typical repayment period is 10 years (other repayment options available).
Borrower must be a U.S. citizen or eligible noncitizen 1.059% for loans originated before  October 1, 2020. (Effective Oct 1, 2019. Fee changes each 1st of October) More information is available from the U.S. Department of Education
  Interest accrues immediately; paid periodically or capitalized  
  Principal repayment deferred while enrolled at least half-time  

To apply for your federal Direct Unsubsidized Loan complete the Free Application for Federal Student Aid (FAFSA) using U-M's federal code 002325. This can be completed online at studentaid.ed.gov or by downloading the mobile app myStudentAid.

The FAFSA is available on Oct. 1, at no cost to students.  Although we recommend you complete this by March 31, you can continue to apply after this date.

Federal Direct Grad PLUS Loan

Eligibility Criteria loan terms Additional Information/Requirements
Credit check approval process Students may borrow up to the cost of attendance minus other financial assistance. Borrower must complete the Free Application for Federal Student Aid (FAFSA)
Non-need-based 7.079% variable-fixed interest rate (Effective July 1, 2019. Rates changes each 1st of July) Borrower can choose to have the accrued interest capitalized (added to principal balance) or make periodic payments. No penalty for early pay off.
The graduate student is the borrower 4.236% origination fee for loans originated before October 1, 2020. (Effective Oct 1, 2019. Fee changes each 1st of October) Typical repayment period is 10 years (other repayment options available).
Student must be enrolled at least half-time in a graduate-level program Interest accrues immediately; paid periodically or capitalized More information is available from the 
U.S. Department of Education
Borrower must be a U.S. citizen or eligible noncitizen Loan is deferred while you are enrolled at least half-time and for an additional six months after you are no longer enrolled at least half-time. Interest accrues during deferment; you may pay accrued interests or allow it to capitalize when deferment ends. Details at the U.S.Dept. of Education Can be consolidated with other federal loans


Students apply separately for the Grad PLUS Loan in addition to completing a FAFSA if additional funds are needed to cover remaining tuition and/or other cost of attendance items. Students may borrow up to the amount of their cost of attendance, minus any other financial assistance a student receives. Note that it takes an average of four weeks to process loans through our office.

Private Loans

Private student loans are offered through a variety of banks and other lenders. Students seeking private loans must apply separately from their financial aid application through an individual lender. The best rates on these loans are generally offered to borrowers with good credit and/or who have a cosigner with good credit.

When shopping for a private loan, look for a loan you can live with in both the short term and long term. You may be repaying it for multiple years after graduation. Many loan providers will lend up to the student’s cost of attendance minus any financial aid received. Often there is a yearly and/or cumulative cap on the amount the student may borrow; sometimes this cap is set by the student’s school. Note that it takes an average of four weeks to process loans through our office.

If you are considering borrowing through a private lender, we encourage you to:

  • Exhaust all other possible sources of financial aid first, including federal loans and Work-Study.
  • Reduce your expenses and borrow only what you need.
  • Ask questions and compare rates and terms offered by different lenders.

If you pursue a private loan, apply directly through the lender you select. Choose any lender and the university will certify your application.

Beware of suspicious or unsolicited loan offers.

U-M students should avoid lenders that don't require U-M to certify their loan application and should be suspicious of unsolicited loan offers. The Michigan Student Financial Aid Association cautions students that "loan debt can accumulate quickly and result in a lifetime burden of high payments and credit denials for automobile purchases, credit cards, and home mortgages. Private loans also can reduce eligibility for more desirable federal, state, and college aid programs. To avoid these problems, read and understand the terms and conditions of all loans.

To browse a selection of approved lenders, please visit:

University of Michigan's FASTChoice

To browse a selection of approved lenders for International StudentsFASTChoice Private Education Loans–International Students

The university adheres to a Code of Conduct for Student Loans that prohibits inducements or incentives by private lenders.

Short-term Tuition Reimbursement Loans

The Ross School of Business provides short-term loans to Executive MBA, Evening MBA, Online MBA, and Weekend MBA students whose employers provide tuition reimbursement only after a term is completed. The Ross Short Term Tuition Reimbursement Loan has a 3% interest rate, and a 0% loan origination fee.

Short-Term Loan information and application


Other Aid


Appointments for Graduate Student Research Assistantships, Graduate Student Instructors, and Graduate Student Staff Assistants are considered separately from the financial aid application process.  

General Appointment Information

Graduate Student Appointment Postings

U-M Child Care Subsidy

The U-M Child Care Subsidy Program provides funds to students with children to assist in meeting the cost of licensed child care.

Child Care Subsidy Program

Loan Repayment Assistance Program

The Ross Loan Repayment Assistance Program (LRAP) provides financial assistance to Ross graduates who are currently pursuing careers in nonprofit and public sector
organizations. Qualified applicants will receive financial assistance to help pay for a portion of Ross-related, need-based loan obligations while employed full-time in a position within the nonprofit or public sectors (subject to annual re-application, review, and approval).

International Students

Federal Aid for Graduate International Students

Federal regulations and University of Michigan policy limit the types of U.S. federal financial assistance available to international students. Specifically, international students with F-1, F-2, J-1, J-2, and G series visas are not eligible for federal student aid.

You may qualify for student financial aid programs if you meet one of the following criteria:

  • If you are a U.S. permanent resident with an Alien Registration Receipt Card (I-151, I-551, or I-551C)
  • If you have only a Notice of Approval to Apply for Permanent Residence (I-171 or I-464), you are not eligible for federal student aid.
  • If you are a U.S. national (includes natives of American Samoa or Swain's Island)
  • If you are an eligible noncitizen with an Arrival-Departure Record (I-94) from U.S. Customs and Border Protection showing one or more of the following designations:
    • Refugee
    • Asylum granted
    • Indefinite parole and/or humanitarian parole
    • Cuban-Haitian entrant, status pending
    • Conditional entrant (valid only if issued before April 1, 1980)

If you meet the above criteria, you may qualify for federal assistance.

Private Educational Loans

Some U.S. lenders will provide private education loans for international students who have a qualified U.S. co-signer. Some lenders require that the student have a Social Security number prior to applying. To browse a selection of approved lenders, please visit the  FASTChoice Private Education Loans – For International Students site. U-M has not endorsed these programs, but is making the information available to you.

The university adheres to a Code of Conduct for Student Loans that prohibits inducements or incentives by private lenders.

Other Possible Funding Sources:

For information about financial aid and private scholarships for international students contact:

  • The U.S. Department of State  
  • The Consulate or Embassy of your home country
  • If you have been admitted to U-M, contact your program office for other possible funding sources.

U.S. Veteran & Active Duty Military

Chapter 33/Post-9/11 GI Bill Program

Ross is proud to support our veterans and military members. 

The University of Michigan offers in-state tuition status to those who serve. You must apply and provide the appropriate supporting documentation. Information is located on the University of Michigan Office of the Registrar's website in the residency section. Here are some additional sources of information:

University of Michigan Veterans and Military Services Program

University of Michigan VA educational benefits information

Veterans benefits certification policies and procedures 

Scholarships for veterans, service members, and dependents

Note: Executive MBA students pay a set inclusive tuition that includes tuition for courses, mandatory fees, plus other nonacademic costs (books, technology, accommodations during residence, and dining). Chapter 33 will cover tuition for courses and mandatory fees only. Chapter 33 will also pay a monthly housing allowance to the student; the remaining nonacademic costs (books, technology, accommodations and dining) are the student's responsibility.


School Certifying Officials for VA Benefits

Michelle Henderson
Tara McQueen

Office of the Registrar
Veterans Certification Department
LSA Suite 5000, 500 S. State Street
Phone: (734) 763-9066
Fax: (734) 764-5556