Program Cost (1½ years)

This estimate is for the program cost (3 semesters plus one summer) based on the current year rate but crosses multiple academic years subject to rate changes in the future year, as well as potential variations in academic credit or length of pursuit.

US Students
Tuition and fees $14,285
Federal student loans -$14,285
Your payment $0
Optional: additional low-interest federal loans for personal expenses -$10,000

Additional Financial Aid Information

Personal Expenses

$10,000 per year in optional federal student loans are available toward living expenses.

Federal Student Loans

Your FAFSA automatically qualifies you for the majority of federal student loans for this program. The remaining portion is composed of Federal Graduate PLUS loans which require "no adverse credit" or an endorser. Repayment begins after your enrollment ends.

Education Tax Incentives

There are a variety of money-saving tax benefits to assist in reducing the cost of education expenses. More about education tax benefits.

Veterans

Veterans should contact the VA for information on Veterans Education Benefits. MIU is a Yellow Ribbon school. Our Veterans Certifying Official is our Director of Financial Aid.

Loan Repayment Options

Standard

Payments are a fixed amount that ensures your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).

Extended

Payments may be fixed or graduated and will ensure that your loans are paid off within 25 years.

Graduated

Payments are lower at first and then increase, usually every two years, and are for an amount that will ensure your loans are paid off within 10 years (within 10 to 30 years for Consolidation Loans).

Income-Based

Your monthly payments will be either 10 or 15 percent of discretionary income (depending on when you received your first loans), but never more than you would have paid under the 10-year Standard Repayment Plan.

Income Contingent

Payments are recalculated each year and are based on your updated income, family size, and the total amount of your Direct Loans. Any outstanding balance will be forgiven if you haven't repaid your loan in full after 25 years.

Income Sensitive

Your monthly payment is based on annual income, but your loan will be paid in full within 15 years.

Tuition, other fees, scholarships, and financial policies are subject to change prior to the entry date. For more information, contact us at finaid@miu.edu for a quick reply – normally one business day – or see more about financial aid.