MS Applied Quantitative Finance Program Tuition
Tuition for Daniels graduate programs is based on a cost-per-credit hour set by the University of Denver. Tuition costs are the same for all students whether they are residents or nonresidents of Colorado.
The cost per credit hour is $1,258*.
*Expenses for subsequent academic years may be higher due to tuition and cost-of-living increases. The University of Denver reserves the right to make changes in tuition, additional program charges and fees or refund policies without advanced notice.
Graduate Program Fees
Graduate students may be responsible for the additional fees listed below.
- Daniels Program Fee: All students are assessed a $1,050 program fee that supports the preparatory and experiential learning components of required courses as well as costs associated with graduation and commencement activities.
- Health Fee: A health fee of approximately $156 per quarter is assessed for graduate students unless a Graduate Student Health Fee Waiver form is completed (this form is accessible only after the first tuition deposit). Students not covered by this health fee may use the Student Health Center on a fee-for-service basis.
- Student Health Insurance: All students attending the University of Denver are required to have health insurance. Students may participate in the Student Health Insurance program or use their own carrier. The 2014–2015 annual premium is approximately $2,420. A waiver form is required if the student has his/her own insurance carrier. For additional information, visit University of Denver Health Services.
- Laptop Computer: All students are required to bring or purchase a laptop computer. The average cost of a laptop computer is $2,000 USD. Please plan your finances accordingly. Learn more about laptop specifications, leasing and purchasing information.
- University Technology Services Fee: $4 per credit hour to contribute to the technology services and facilities made available to students.
- Graduate Program and Activity Fee: $50 per quarter. This fee covers activities that enhance the educational experience of graduate students, including graduate-student organizations, guest speakers, award events, graduation events and welcoming events.
- Living Expenses and Summer Quarter: In addition to the tuition and fees listed above, students relocating to Denver should budget approximately $4,401 in living expenses based on a moderate lifestyle in which students share living expenses with a roommate. Daniels tuition and fees do not include housing expenses, international or local travel, or textbook costs ($600–$2,000 yearly). The academic year consists of three quarters or nine months. If you take classes in the summer, you will be responsible for tuition and fees during the summer quarter. Please prepare your finances accordingly.
Financial aid available to graduate students includes:
Scholarships, Graduate Assistantships and Work-study
Merit-based Scholarships, Graduate Assistantships and Work-Study
- The majority of merit-based scholarships, Graduate Assistantship (GA) and work-study positions are offered at the time of acceptance to a Daniels graduate program.
- Scholarships and GA positions are awarded based on extraordinary academic performance and relevant work experience. There is no separate application process; decisions are based on your graduate-school application. GA positions provide a tuition waiver and a small stipend.
- Work-study positions are available for graduate students who have financial need as determined by the FAFSA form. The average salary is $14.00/hour, 8 hours per week.
Important Considerations for Merit-based Scholarships, Work-study Positions and Graduate Assistantships:
- The GMAT is required of all those wishing to be considered for merit-based scholarships, work-study positions and Graduate Assistantships.
- An admission interview is required for merit-based scholarship consideration, work-study positions and Graduate Assistantships.
- Both U.S. and international students may apply for merit-based scholarships, work-study positions and Graduate Assistantships.
- Most merit-based scholarships range from $3,000–$34,000 total, disbursed equally over the duration of a student's program.
Need-based scholarships, which range from $1,500–$6,000 per year, for a maximum of two years, may be awarded after the student has confirmed their attendance at Daniels. The amount is dependent on the level of need as determined by the Free Application for Federal Student Aid (FAFSA). Please contact the University of Denver, Office of Financial Aid for more information.
Federal Direct Loans
The terms of a federal direct loan include:
- Federal loans are made available to students by the U.S. Department of Education.
- Students with demonstrated financial need are eligible for unsubsidized loans.
- Up to $20,500 per academic year with a fixed 6.8% interest rate.
- Interest accrues on unsubsidized loans while in school, during the grace period, and during repayment and is capitalized at repayment if not paid.
- Fixed 6.8% interest rate.
- Students must be enrolled at least half-time (4 credits).
- 0.5% origination fee (1% origination fee with 0.5% rebate) is taken out at disbursement of the loan.
- Six-month grace period after graduation (or after student drops below 4 credits) before repayment.
- If offered as a part of a financial aid award, you must complete both a master promissory note and entrance counseling at www.studentloans.gov.
- Multiple repayment options are available and can be consolidated with other federal loans.
Federal Perkins Loans
The terms of a federal Perkins loan include:
- Federal loan made available to students by the University of Denver.
- Students with demonstrated financial need who meet the application priority deadline may be offered this federally guaranteed loan as a part of their award.
- Up to $3,000 per academic year with fixed 5% interest rate.
- Nine-month grace period after graduation (or after student drops below 4 credits) before repayment.
- Interest does not accrue while student is enrolled at least half time, during grace period, or during eligible deferments.
- Must complete a master promissory note and entrance counseling with the Bursar's Office.
- Can be consolidated with other federal loans.
Graduate/Professional PLUS Loans
The terms of a PLUS loan include:
- Federal loan available to credit-worthy graduate students enrolled at least half time by the U.S. Department of Education.
- Student can borrow up to the total cost of attendance less all other financial aid.
- Not based on financial need, but student must submit a FAFSA.
- Borrower must be a U.S. citizen, national, or permanent resident.
- Credit check is required.*
- Fixed 7.9% interest rate.
- 2.5% origination fee (4% origination fee with a 1.5% rebate) is taken out at disbursement of loan.
- Repayment of principal and interest begins 60 days after disbursement.
- Upon graduation, can be consolidated with Federal Direct subsidized and unsubsidized loans.
- Students need to complete both a master promissory note and an application, using their own PIN, with the Department of Education at www.studentloans.gov.
- Multiple repayment options.
Financial Aid FAQ
What type of financial aid is available?
- Federal direct loans
- Graduate scholarships
- Federal Perkins loans
- Graduate assistantships
- Private loans
- Work-study positions
- Outside scholarships
Am I eligible for financial aid?
How do I apply?
- Merit-based scholarships and graduate assistantships: Do NOT require a separate application; they are offered at the time of acceptance based on your application to a graduate program.
- Federal loans: Explore the "Apply For Aid" tab for details.
- Third-party loans and scholarships: Application requirements and deadlines vary. Check with the loan or scholarship provider for details.
When should I apply?
Merit-based scholarships and assistantships from Daniels are awarded upon acceptance of your application; therefore, you are encouraged to apply early.
Which financial aid REQUIRES the FAFSA?
- Federal Direct Loans (U.S. citizens) – The following levels of federal assistance are available:
Unsubsidized loan: $20,500
No financial need: $20,500 is unsubsidized
- Perkins Loan – Need and Merit Based (U.S. citizens)
Up to $3,000 per year. This is a subsidized loan with a low interest rate.
- Daniels College of Business Scholarship – Need and Merit Based
$1,000 to $6,000 per year. The award amount is based on student GMAT score, GPA and financial need.
- Graduate Work-Study – Need Based (U.S. citizens)
Positions are available throughout the Daniels College of Business for graduate students who have financial need as determined by the FAFSA form. The average salary is $14.00/hour, 8 hours per week.
- Graduate Scholarships – Merit Based
$3,000–$35,000 one time depending upon which scholarship is awarded and on the student's academic performance, work experience and community service.
Which financial aid does NOT require the FAFSA?
The following assistance does not require you to complete the FAFSA:
- Graduate Assistantships – Merit Based
A limited number of Graduate Assistantships are available at Daniels. The assistantships include both a tuition waiver and a small stipend. Selection is based on merit and previous work experience. International students may be considered. Daniels will contact applicants chosen to interview for these positions.
How can I find out about third-party scholarships and loans?
- BusinessSchools.com: An exhaustive list of scholarships for business students
- College NET: Mach 25 database of scholarships
- Embark.com: information and scholarship search
- FastWEB: Free scholarship search
- GoCollege.com: Information and scholarship search
- MOLIS Scholarship Search: Minority scholarship search for all fields of study
- eStudent Loan.com: Consumer guide in selecting your private loan
To our knowledge, these sites provide FREE information and/or service. If this is not the case, please notify the Rifkin Center for Student Services at 303.871.4193.