Tuition & Financial Aid

Effective July 1, 2026, the national Grad PLUS Loan Program will end for new borrowers. Existing borrowers who received a Grad PLUS Loan prior to this date for their current graduate program can continue borrowing for up to three additional years or until their program concludes, whichever comes first.

Graduate students may be eligible for financial aid, including educational loans. We recommend completing and submitting the FAFSA as early as possible to maximize your opportunities. The FAFSA code is 002290. For more information and resources about financing your graduate education, please visit the Office of Financial Aid website.

Michigan State University has partnered with ELMSelect to help students and families identify private lenders. ELMSelect has collected all private lenders used by MSU students in the past five years.

The tool allows you to select lenders that specialize in your area of study, and to compare rates and conditions in order to select the loan product that best fits your need.

MSU provides online calculators to help you understand the costs of your education, set a budget and plan for loan repayment.

U.S. military veterans may be eligible for various benefits through the GI Bill®. For the most comprehensive description, eligibility requirements and benefit information, please visit the Department of Veterans Affairs website.

Questions related to veteran affairs can be answered by contacting the MSU Financial Aid office at (517) 432-8000 or by email at onestop@msu.edu.

Employer Tuition Reimbursement

Many workplaces provide tuition reimbursement. We encourage you to explore financial options through your current employer.

Workplace Discounts

Through the MSU College of Engineering partnership with AllCampus, eligible students whose employers are part of the AllCampus Workplace Receive a 10% Tuition Discount.

The AllCampus Workplace Network offers exclusive tuition reductions and scholarships to support working professionals.

Our enrollment specialists are here to help you understand if a discount is available. To learn more, email online@egr.msu.edu or call (517) 300-3722.

No, you have the option to pay your account in full by the initial due date. If you will not be paying your account in full by the initial due date, then a payment plan must be established.

You should submit a loan application 4 to 6 weeks before the term begins to ensure timely processing.

Disbursement of funds depends on when the loan is approved. MSU policy is to disburse no earlier than 10 days prior to the student’s first day of class in a semester or summer subterm. If that date has passed and the approval process has been completed, MSU will generally disburse the funds within two days of receiving the funds from the lender. Most lenders release disbursements 10 business days after the loan is approved by the school.

Graduate certificates may be eligible for private student loans and institutional aid, but not federal or state student financial aid.