Spring 2021 Tuition MFin & MQF

This information is applicable to the following programs: 
The following is tuition and fee information for the 2020-2021 academic year. 

MFin in College Park
In-State Resident

$1,582 (per credit)

MFin in College Park
Out-of-State Resident

$2,098 (per credit)

Tuition and fees are subject to change each academic year. 


Tech Fee
(Per semester for any student taking off-site campus courses)

8 or Fewer Credits - $76.50

9 or More Credits - $153.00

MS Association Fee
(MS Students Only - Fall and Spring Semesters)


College Park Mandatory Fee*
(Per semester for any student taking College Park courses)

8 or Fewer Credits - $451.00

9 or More Credits - $817.50

International Student Fee
(For all international students)

$125 per semester

Tuition and fees are subject to change each academic year. 

Fee Breakdown: 

The following is a breakdown of fees for any student taking one or more College Park courses. 

Item≤ 8 College Park credits> 8 College Park credits
Shuttle Bus$55.50$111.50
Student Union $85.50$171.50
Student Activities$19.00$19.00
Recreation Services$98.50$199.00
Performing Arts & Cultural Center$22.50$45.00
Health Center Fee$21.50$43.00
Student Facilities Fee$4.50$9.00
Technology Fee$76.50$153.00
If you are registered for class:Payment is due:
By January 1, 2021January 20, 2021
After January 2, 2021February 20, 2021
Billing & Payment: 

Where can I view my bill online and make tuition payments?

  • Spring 2021 bills will be generated in mid-December and are due by January 20th
  • Go to The Office of Student Financial Services and Cashiering 
  • Choose "Make a Payment" and "Student Login"
    • Log-in using your Directory ID and Password
      • Payment can be made by Credit or Debit Card (2.75% processing fee), e-check, check, wire transfer or cash.
      • Sponsored students should use the 3rd party billing process
  • Follow instructions to make a payment
  • Select View & Pay Accounts to view current activity or latest statement


Tuition and fees are subject to change and annual increases.

MFIN & MQF students are charged on a per credit basis.

Any student coded as a non-resident will pay the out-of-state tuition rate for courses taken at College Park.

Study trips, study abroad and external agreements (Consortium, Inter-Institutional, etc.) classes are charged tuition based on the student’s residency classification.

Students enrolled in College Park courses, study trips, study abroad and external agreements (Consortium, Inter-Institutional, etc.) will pay applicable College Park fees.

Tuition Remission for Students Holding GA/TA Positions: 

The following is tuition remission information for the 2020-2021 academic year.  

Students holding graduate assistantship positions within the University should note that the practice of awarding 5 or 10 credits of tuition remission does not apply to the MBA/MS Programs. Due to differential tuition, MBA students receive a tuition credit that is valued at the prevailing standard in-state per credit rate of $731* .

In the Fall and Spring, students on 10-12 hour graduate assistantship positions will receive a tuition credit of approximately $3,655 per semester (5 x $731) and students on 20 hour GA positions will receive a tuition credit of $7,310 (10 x $731).

Graduate Assistants wishing to enroll in the winter will receive a tuition credit of $1,462 (2 x $731) if they hold a 10-12 hour position and $2,924 (4 x $731) if they hold a 20 hour position.

All Graduate Assistants will be classified as in-state for tuition purposes.

Fee waivers associated with tuition remission do not apply to Robert H. Smith School of Business fees.

*Rates may change for the next academic year.

The Financial Service Center has made enhancements to the Terp Payment Plan through their partnership with Nelnet. Nelnet is now the exclusive payment plan administration for the University of Maryland.

The Terp Payment Plan (TPP) at the University of Maryland allows you to spread your educational expenses in monthly installments over the academic year or by the semester. The enrollment fee is $45.00 per semester. Additional plan details are available at billpay.umd.edu/TPP.

TPP enrollment is open for online at umd.afford.com or by phone by contacting Nelnet at 888-470-6014. At umd.afford.com you have 24/7 secure account access to:
* Set up and modify payment plan budgets
* Make online payments for your monthly installments
* View previous or upcoming scheduled payments
Once enrolled, you will be billed monthly by Nelnet in accordance with your payment plan schedule. You may pay online or automatic deductions from your checking or savings account, by mail or by credit card with a related processing fee. Please note that all payment plan payments must be made to Nelnet.
*Please note that if you make changes to your courses (add or drop) you are responsible for updating this information with Nelnet.

For all questions regarding payment setup, please contact Nelnet at 888-470-6014 Monday-Friday 8:00 a.m.-10:00 p.m. with any questions.

Monthly Billing Statements are generated at the end of each month by the Office of Student Financial Services and Cashiering. This statement will show the status of your student account on the date in which your statement is generated. Students should utilize the "Student Account Inquiry" screen in Testudo to receive a live view of their bill. The Student Account Inquiry screen is a useful tool that allows students to view their account balance, especially when in between billing cycles.

Many students utilize employer benefits to help fund their education. Often employers require students to provide additional information to have their courses approved for reimbursement. Students can submit a copy of their Billing Statement, Unofficial Transcript or Certification of Enrollment with Course Schedule, and tuition information. If you would like to provide your employer with additional information, the Student Template can be used as a guide in explaining this process. Please note that this is for personal use and the contents within the cover letter is not affiliated with the University of Maryland or the Robert H. Smith School of Business. 

Financial aid is provided to graduate students in the form of federal loans. Students who plan on using financial aid to help cover the costs of their education will need to complete the Free Application for Federal Student Aid (FAFSA) each October 1st.

Each form of aid has its own eligibility and application requirements. It is extremely important that incoming students investigate the details of their financial aid requirements early to avoid any missed deadlines. Please check each type of aid for specific dates.

The University of Maryland's Office of Financial Aid assists Smith MBA students with their financial aid concerns.

For general questions, please contact Jillian Kingwood, Program Coordinator of Billing & Financial Aid in the Masters Programs Office, by email at smithfinancials@umd.edu or phone at 301-405-8613.