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 (adjusted for a 12-month program) 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. All fees are subject to change.
Estimated Program Cost of Attendance (2013-2014)
| University Tuition + Fees | $59,895 |
| University Health Insurance | $3,459 |
| Estimated Living Expenses | $31,800 |
| Estimated Books, Supplies | $2,500 |
| Estimated Loan Fees | $332 |
| Total Cost of Attendance | $97,986 |
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).
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, 2012 for the spring term, May 15, 2013 for the summer term, August 15, 2013 for the fall term and on January 15, 2014 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
S420 Student Services Bldg.#1900
Berkeley, CA 94720-1900
email: finaid@haas.berkeley.edu
phone: (510) 643-0183