Tuition & Aid

Discover the tuition and financial aid options for the Master of Finance (MFIN) program at the Penn State Smeal College of Business. Learn about the graduate tuition rates based on specific categories and the billing system for each semester. Secure your spot by submitting a non-refundable deposit, and explore the estimated expenses for the upcoming academic year. Find out about merit scholarships and automatic consideration for funding. Apply by the deadline to maximize your chances and contact the admissions team for further assistance.

Tuition for students in the Master of Finance (MFIN) program from the Penn State Smeal College of Business is determined by the University and is based on the graduate rate for students in the category of Business, EMS, Science, IST, and Engineering. Fall and spring semesters are billed on a per-semester rate.

A non-refundable deposit of $500 is required to accept an offer of admission to the MFIN program. This deposit will be credited toward your fall tuition payment.

2024-2025 Estimated Expenses
Expenses	PA Resident	Non-PA Resident
Fall Tuition (Full-Time Per Semester)	$13,558/semester	$23,395/semester
Spring Tuition (Full-Time Per Semester)	$13,558/semester	$23,395/semester
Student Fees	$562	$562
	Estimated Total: $27,678	Estimated Total: $47,352

Tuition rates are set by the University in mid-summer and are subject to change. To calculate tuition using the current year’s information, please use the Penn State Tuition and College Cost Calculator.

Financial Support

The Penn State Smeal College of Business Master of Finance program has merit scholarships available for admitted students. All applicants are automatically considered for funding, and there is no additional application necessary. For full consideration, candidates should apply by the third round deadline. If you have additional questions, please contact the admissions team at mfin@smeal.psu.edu.