Tuition & Financial Aid

Tuition for the 2023-2024 academic year is $21,550 per quarter for students studying fulltime and taking 3 units. Students studying on a part-time basis are charged $5,388 per unit. 

Cost of Living

International students and students who plan to live off campus should anticipate annual cost of living expenses to be $18,000 to $22,000.

Additional Costs

  • $2,800 for textbooks
  • $4,000+ for Northwestern University health insurance
  • $5,000 miscellaneous (personal, transportation, etc)

Financial Aid

Many master’s students find funding through a variety of loan options or through other scholarship and resource opportunities, some of which are listed on McCormick’s website.

Students are encouraged to visit the Evanston Office of Graduate Financial Aid for information on a variety of federal and private loan and funding options.

Students using financial aid to fund their graduate degree must comply with the Financial Aid Satisfactory Academic Progress (SAP) Policy to maintain eligibility.

The MPM program also offers financial support to exceptionally qualified U.S. citizens and permanent residents. The nominal maximum award is a one-half tuition scholarship which covers one-half of the tuition for each of the twelve courses required to complete the program. However, the typical award is less and depends on the amount of funds available and the number of qualified applicants.

To be considered for financial aid, please explain via email or regular mail in 250 words or less:

  • The reason you are requesting financial assistance to undertake this program of study
  • Your schedule for completing your degree (including the capstone report)
  • Any special qualifications or considerations to support prioritizing your request relative to that of others.

The letter should be sent to Professor Shelley Finnigan, Program Director, or the postal address given on the MPM web site. This information, together with the documentation provided in your application for admission to the program, will comprise the basis for determining an award.

In addition, student loans are available through Northwestern University for U.S. citizens and permanent residents. Please visit the following link to complete the free application for Federal Student Aid (FAFSA) online. The Department of Education code for Northwestern University is 001739. Students also have the option to apply for additional funds through Northwestern private loans. More information can be found here

The MPM program does not offer financial aid for international students. Opportunities for financial aid, including loans with and without a US based co-signer can be found here.

Veteran Benefits

The MPM program endeavors to be a military friendly program and every reasonable effort is made to assist veterans and active duty personnel financially and administratively in their quest to earn an MS degree. The full list of veteran benefits is available on the McCormick website.