Costs and Financial Aid

 

Program Costs

Each year Berkeley's Financial Aid Office estimates the average cost for a graduate student during the academic year. This budget is the basis for determining financial aid eligibility. You may use the chart below to estimate the cost of attending the MFE Program. As these official figures are averaged for all UC Berkeley students, actual costs, especially housing costs, may be higher. Estimated living expenses and health insurance cots for the second half of your year are projections based on past figures. All fees are subject to change.

Estimated Program Cost of Attendance (2015-2016)

University Tuition + Fees $63,540
University Health Insurance $4,092
Estimated Living Expenses $33,208
Estimated Books, Supplies $2,500
Total Cost of Attendance $103,340

Computer Costs and Fees

MFE students are required to have their own powerful laptop computer. Various manufacturers offer students discounts at the Scholar's Workstation, the campus computer store. To contact the Scholar's Workstation, please call (510) 642-8424 or visit their website.

Financial Aid Overview

The majority of assistance is in the form of loans. Due to the nontraditional academic calendar of the MFE Program, students cross over two award years, and therefore most students will need to go through the loan process twice (once for the Spring & Summer terms, and once for the Fall & Winter terms).

We participate in Federal Loans for US citizens and permanent residents. This will require filling out the Free Application for Federal Student Aid (FAFSA) along with a few other supplemental steps. Please review our Federal Loans page on how to complete this process. We also participate in Private Loan programs for those that feel they may get a better rate than the federal loans or for International Students that have a US cosigner. Students can often borrow Federal or Private Loans up to the Cost of Attendance. If you are an International Student without a US cosigner you can review our International Loans page for more options. Students can borrow up to $50,000 from one of our risk-share loans.

The Chengchun "Arthur" Qi Book Scholarship

The Chengchun "Arthur" Qi Book Scholarship for $1,000 was developed in memory of Arthur, a student in the MFE program, who passed away unexpectedly in February 2012. The scholarship application is available online each year. More details can be found on the Haas Financial Aid website.

Outside Scholarships and Veterans Benefits

The Haas Financial Aid Office has developed outside scholarship resources in a central location as a service to prospective and current students.

Please also review the Graduate Division website for possible university-wide opportunities.

Veterans Benefits can be a lucrative funding option. We have had students in our self-supporting programs who have all assessed fees covered for their graduate degree.

Payment Process and Options

Please note, students offered admission will be given a deadline to submit the first fee payment installment. If the deadline is not met, we reserve the right to rescind our offer of admission.

If your financial aid award does not cover your entire bill, you must pay the remaining balance by the due date or risk incurring late charges. Payments are due December 15, 2014 for the spring term, May 15, 2015 for the summer term, August 15, 2015 for the fall term and on January 15, 2016 for the winter term.

The MFE Program Office will reach out to you about the initial bill due date and payment option. Below are payment options for the last three bill due dates.

  • Online: Pay through the e-Pay site within CARS (Campus Accounts Receivables System)
  • Electronic: Submit payment electronically through your bank's pay-by-phone or online bill pay service.
  • Wire transfer: Refer to the Billing Office website for specific details.

For Further Assistance

The Haas Financial Aid staff are your point of contact for all financial aid, billing, and payment questions rather than the central University offices. Refer to the Haas Financial Aid website for additional details about loans, and other related topics

Haas Financial Aid Office
S440D Student Services Bldg.#1900
Berkeley, CA 94720-1900
email: finaid@haas.berkeley.edu
phone: (510) 643-0183