MS in Financial Engineering Tuition and Expenses

MS in Financial Engineering Tuition and Expenses

The cost for the MS in Financial Engineering Program is $1,500 per credit hour.

Orientation fee: $100
Wellness fee: $100/semester, $200/year (fall, spring)

Note: Tuition rates are for full and part-time students for the 2022-2023 academic year.

Tuition Payment

Tuition is due prior to the first day of class. A payment plan is available. Billing details can be found at the Lehigh University bursar's website

Financial Guarantee (International Applicants Only)

International applicants who accept the offer of admission must submit an original or notarized financial guarantee demonstrating sufficient funds to meet educational expenses for the first year of study. Scanned copies of the original bank statement or bank letters are acceptable. The financial guarantee should be no more than 6 months old. Applicants must include a letter of sponsorship if the expenses will be paid by someone other than themselves. The minimum amount to show solvency for immigration documents is $49,744 and includes the following costs.

Tuition & Fees (18 credits + Orientation Fee + Wellness Fee)  $27,300
Health Insurance & Other Expenses $4,404
12 Month Living Expenses $18,040
Total $49,744


Please note: $49,744 is the minimum amount for immigration purposes. Actual expenses may be greater. 

I-20 Immigration Information

Steps to Getting Your 1-20

  1. You must electronically accept your offer of admission and submit an enrollment deposit of $1,000.
  2. You will then receive a follow-up email from Lehigh's OISS, Office of International Students & Scholars. This email will inform you on how to login to your iHome account. 
  3. In order for OISS to issue you an I-20, the following items MUST be completed through your iHome account:
    1. Review and verify your personal information 
    2. Verify your foreign address
    3. Upload your financial documents
    4. Upload your passport information
    5. If applicable, input your dependent's information 
  4. Once the above sections are completed, OISS will be able to create your I-20. Your I-20 will be mailed to you. You will receive an email confirmation with the shipping/tracking information.
  5. If you do not provide the information requested by the deadline listed below, your I-20 will not be issued. You will then need to discuss the option to defer your offer. 
    1. Fall - TBD

Housing

The cost of living in the Lehigh Valley is very affordable. The Office of Housing Services maintains on-campus graduate student housing that ranges from $730/month to $1020/month with a variety of options. A list of off-campus apartments is available through their website. For more information on graduate housing, contact the Office of Housing Services at [610] 758-3500 or inhouse@lehigh.edu.

The Office of Graduate Student Life website contains comprehensive information on temporary and permanent housing, roommate forums and finders, a list of off-campus apartments, and links to local newspaper classifieds. Information on leases and city inspections may be obtained here too.

Health Insurance

Health Insurance Requirements

Lehigh University requires all full-time (registered for at least 9 credits)  and certified full-time graduate students to have health insurance. Lehigh offers students a health insurance plan through University Health Plans.  All international graduate students with F-1 or J-1 visa status must purchase the student health insurance provided by Lehigh University. Domestic students may waive the requirement to purchase this insurance by following the procedures outlined on the University Bursar's website.  

The cost for AY 2022-23 is $2259.00 for coverage from 8/15/2022 to 8/14/2023.  See the links below for plan costs and deadlines if the student’s program start date is other than the fall semester. Students in programs that start in Summer Session II (1-MBA and MS in Business Analytics) should select the option to add additional months.  Students must be registered for courses in order to enroll in the university’s plan.

Part-time students are not eligible to purchase insurance through Lehigh University's student plan.

Lehigh University Bursar's website

  • Eligibility
  • Semester-based Information
  • Enrollment details
  • Billing

University Health Plans website

  • Enrollment Forms, Waiver Form
  • Costs
  • Deadlines
  • Benefits
  • Claim Forms
  • Plan Options

Health Insurance Subsidy

Access to good insurance is essential for the health of our students. To this end, the University established a subsidy program to help eligible graduate students pay for health insurance and a payroll deduction option to help students who wish to avoid one large payment.​

For AY 2022-2023, the annual premium for *student only* coverage will be $2,259.00. To help eligible students, see criteria below, afford individual coverage, the University will provide a subsidy of $1,574.30 on Lehigh’s student health plan for the 2022-2023 academic year. The out-of-pocket premium cost for the individual coverage will be $684.70. Eligible students will receive a subsidy payment of $787.15; minus the appropriate taxes for each semester during which they qualify. The subsidy will be paid at the end of each semester (with December 30, 2022, and June 2, 2023 paychecks.) NOTE: If your paychecks stop before these dates, you will not be eligible to receive the subsidy.  

The subsidy program is an integral part of the University’s commitment to providing our graduate students with a quality insurance program. This insurance covers the graduate student only and not his/her dependents. For AY 2022-2023, to help afford the dependent coverage, the University will provide a subsidy of $250 per semester, ($500 per student/family per academic year) to the eligible graduate students with a dependent child and/or spouse; minus the appropriate taxes for each semester during which they qualify. The eligibility and application process for the dependent insurance subsidy will be available in a separate document later.

*Criteria for Student Health Insurance Subsidy Program*

The subsidy program is offered to graduate students who meet ALL the criteria listed below on the payment subsidy date. PLEASE READ CAREFULLY.

  1. The student must confirm their enrollment in the university’s insurance AND
  2. The student must be a full-time or certified full-time graduate student. (It is the student’s responsibility to ensure that he/she is registered as a full-time or certified full-time student prior to the payment of the subsidy) AND
  3. Receiving a graduate assistantship with an appointment of at least 10 hours/week or graduate fellowship paid through the university payroll system AND
  4. Has paid their Lehigh student health insurance premium in full by the time the subsidy is paid out or has signed up for the payroll deductions of premiums.

You may begin enrolling in the insurance program on June 24, 2022. To enroll in the insurance program, you must confirm your enrollment in the health insurance by going to www.universityhealthplans.com AND submitting payment to the Bursar’s Office. Students must complete their registration prior to being eligible to confirm their enrollment in the health insurance plan. (NOTE: Certified Full-Time students must confirm their enrollment of insurance after the Office of Registration and Academic Services (RAS) has processed their Full-Time Certification request.)

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