Costs and Financial Aid

Costs

Tuition and Fees | Other  Expenses | International Applicants

A high quality graduate education at one of the world’s leading universities is an investment in your future.  With competitive tuition and fees, Urbana-Champaign’s reasonable cost-of-living, and programs designed to be completed in just 16 months, the Illinois PSM helps maximize your investment return.  The Illinois PSM has held tuition constant for three consecutive years.

Tuition and Fees

Entering (first year) Students

For students entering Fall 2012
	Fall	Spring	Summer	Fall
	2012	2013	2013	2013
Residents
Tuition	$7,850	$7,850	$1,050	$7,850
Fees	$1,753	$1,753	$582 *	$1,841 *
Total	$9,603	$9,603	$1,632	$9,691
Non-residents
Tuition	$11,775	$11,775	$1,575	$11,775
Fees	$1,753	$1,753	$582 *	$1,841 *
Total	$13,528	$13,528	$2,157	$13,616
* Estimated 5% increase over prior year; fees are set in spring.

 

Returning (second year) Students

For students entering Fall 2011
	Fall	Spring	Summer	Fall
	2011	2012	2012	2012
Residents
Tuition	$6,650	$6,650	$1,050	$6,650
Fees	$2,941	$2,941	$554	$2,953
Total	$9,591	$9,591	$1,604	$9,603
Non-residents
Tuition	$9,975	$9,975	$1,575	$9,975
Fees	$2,941	$2,941	$554	$2,953
Total	$12,916	$12,916	$2,129	$12,928

 

Important notes:

(1) Tuition amounts shown are for 12 or more hours (Range  I) in fall and spring terms, and for 0-2 hours (Range IV) in the summer term. Summer enrollment in PSM 555 (Internship) is required.  Students must enroll in 12 or more hours in fall and spring semesters.

(2) Tuition rates are guaranteed for the planned duration of a PSM cohort.  A cohort is defined by semester and year of initial enrollment; the planned duration of a PSM cohort is four consecutive terms including summer.  For example, tuition rates for students initially enrolling in Fall 2012 are guaranteed through Fall 2013.  If enrollment continues after the planned duration of a cohort, tuition rates of the immediately following cohort will apply.  Fees, however, vary by year.

(3) Tuition and fee details are available from the Office of the Registrar.  

(4) Tuition and fees are typically set in March for the academic year that begins in August (fall).

(5) Tuition and fees are subject to change without notice.

(6) Residency classification information is available from the Office of the Registrar.

 

Other  Expenses

You should carefully plan for other expenses including housing,  food, books and supplies, Internet service, transportation, clothing, moving expenses  (including utility start-up costs), and other personal expenses.  The Office of the Registrar provides expense  estimates to help you plan.  Note  that these estimates are for fall and spring semesters only and do not include estimates for summer.  Because of the required PSM internship, plan for the additional summer living expenses and transportation costs.

International Applicants

After admission, international applicants must provide evidence of financial resources to cover one calendar year’s expenses.  This is required in order to issue visa eligibility documents.  The amount required is currently $50,494.

Financial Aid

As a professional program,  Illinois PSM students are responsible for securing adequate funds to cover tuition, fees, living expenses, and all other costs.

Financial assistance in the form of full or partial waiver of tuition and fees is rarely available to Illinois PSM students (except for statutory waivers).  Departments providing assistance that includes waivers must pay Illinois PSM tuition and fees on students’ behalf.

Illinois PSM students may be eligible for student loans.  Visit the Office of Student Financial Aid for additional information.  The Free Application for Federal Student Aid, or FAFSA, is generally required.

Because of the demanding course load and the comparatively short duration of the program, employment while enrolled in the Illinois PSM is discouraged.