MS in Financial Engineering Tuition and Expenses

MS, Financial Engineering Tuition: $57,240

Cost per credit hour: $1,590
The total cost of 36 credits required for this degree is $57,240.

Billing Breakdown:
Tuition is due prior to the first day of class in each semester. Information on billing, due dates, and payment plans (available for the fall and spring semesters) may be found on the Bursar’s website.

Wellness Fee - $220

Breakdown: $110 per semester (Fall, Spring). Total of $220 per year.
The Wellness Fee supports the Health Center in its mission to provide access to physical and mental health care. 

Orientation Fee - $100

The MFE program will host orientation in August 2025 (dates are TBD). The orientation fee is $100 and will appear in your billing statement for the fall. 

Financial Guarantee

(International Applicants Only)

International applicants who accept the offer of admission must submit their financial guarantee demonstrating sufficient funds to meet educational expenses for one year of study. Include a letter of sponsorship if the expenses will be paid by someone other than the student. The minimum amount to show solvency for immigration documents is $52,012 and includes the following costs:

• Tuition (includes Orientation and Wellness Fees) $28,940
• Health Insurance & Other Expenses $5,032
• Living Expenses (11 months) $18,040
• Total $52,012

Please note: The total amount is the minimum amount for immigration purposes. The financial guarantee amount does not include personal and transportation expenses, therefore, actual costs may be greater.

Immigration Information

Accept the offer of admission and pay the deposit as instructed in your offer letter.

The Office of International Students and Scholars (OISS) offers a comprehensive website for admitted degree-seeking students that lists detailed information on the following:

• F1 or J-1 visa process
• Housing
• Health insurance and vaccination information
• International student orientation
• Arrival information

Housing

The Office of Housing Services provides assistance and information for graduate students.

You should be prepared to pay the equivalent of three month’s rent. Most graduate students live off-campus in shared housing. The monthly cost per room can vary from approximately $700 to $1,000. Students who wish to live by themselves (without roommates) or with their partner or family, can expect to pay between $1000 and upwards of $2000 per month, depending on the location and apartment amenities. Many landlords require first and last month rent as well as a security deposit (up to the equivalent of one month rent). Some apartments include utilities (water, trash, internet), some do not. 

Housing options typically fall into three categories: University-owned and operated housing, affiliated housing, and off-campus rental housing. Explore your options early by visiting the Office of Housing Services website.

Health Insurance

All graduate students registered full-time (9 or more credits per term) or certified as a full-time student are required to have health insurance coverage. 

Lehigh University offers a student health insurance plan available for purchase through University Health Plans.

• Domestic students may waive the university’s offer of insurance by providing proof of coverage from a qualified plan.
• All F-1 and J-1 students must enroll in the university’s plan. 
• You must be registered for coursework before you can purchase health insurance through the university’s student plan.  

The cost of insurance for the 2024-25 year is $2,509 for the period from 8/15/24 to 8/14/25.