Mastering Credit Masters in Economics Tuition and Expenses

The cost of credit in economics tuition can be steep, with some programs charging upwards of $50,000 per year.

To put this into perspective, a typical undergraduate degree in economics can take four years to complete, making the total cost of tuition around $200,000.

This is a significant investment, but one that can pay off in the long run with a well-paying job in a field like economics.

Tuition and fees can be a significant concern for students pursuing a master's degree in economics. Tuition for the 2024-2025 academic year varies depending on residency status, with Texas residents paying $7,500 per long semester and non-residents paying $10,000 per long semester.

For Texas residents, the total cost for the M.A. program can range from $31,500 for the 10-month track to $46,500 for the 24-month track. Non-residents, on the other hand, can expect to pay between $42,000 for the 10-month track and $62,000 for the 24-month track.

You might like: Will Paying off My Credit Cards Increase My Score

Full-time students in Economics MA programs at Boston University can expect to pay an estimated $75,323 for the 2024/2025 academic year. This includes full-time tuition, a Full-Time Student Services Fee of $209 per semester, a Health & Wellness Fee of $269 per semester, and an Economics Service Fee of $2,083 per semester.

Here's a breakdown of the estimated costs for full-time students:

Part-time students, on the other hand, are charged $2,083 per credit, plus a Student Services Fee of $60 per semester. Continuing students not taking courses are charged a fee of $4,166 per semester.

Expand your knowledge: Student Credit Cards No Credit

The estimated tuition and fees for full-time students in Economics MA programs for the 2024/2025 academic year total $75,323.

This includes full-time tuition, the Full-Time Student Services Fee of $209 per semester, the Health & Wellness Fee of $269 per semester, and the Economics Service Fee of $2,083 per semester.

Part-time students are charged $2,083 per credit, plus a Student Services Fee of $60 per semester, for fewer than 12 credits. Continuing students not taking courses are charged a fee of $4,166 per semester.

For financial aid, the Economics Department offers partial scholarships to a select group of applicants with outstanding academic merits.

Recommended read: Venezuela Currency over Time

To ensure you have the necessary funds for your studies, you'll need to submit a financial guarantee. This guarantee must demonstrate that you have at least $47,512 to cover your educational expenses for one year of study.

The minimum amount of $47,512 includes several key costs: tuition, health insurance, and living expenses. Tuition itself is a significant portion of this total, coming in at $24,440.

Health insurance and other expenses are another $5,032. Living expenses for 11 months add up to $18,040. These costs add up quickly, so it's essential to plan ahead.

The total amount of $47,512 is the minimum amount required for immigration purposes. It's worth noting that this amount does not include personal and transportation expenses, so your actual costs may be higher.

Here is a breakdown of the costs included in the financial guarantee:

The estimated tuition and fees for full-time students in Economics MA programs at Boston University for the 2024/2025 academic year total $75,323.

To break it down, full-time tuition and fees include full-time tuition, a Full-Time Student Services Fee of $209 per semester, a Health & Wellness Fee of $269 per semester, and an Economics Service Fee of $2,083 per semester.

Students must also either purchase student medical insurance or waive this insurance, showing evidence of comparable health coverage. For details, please click here.

Part-time students enrolled in fewer than 12 credits are charged $2,083 per credit, plus a Student Services Fee of $60 per semester. Continuing students not taking courses are charged a fee of $4,166 per semester.

The Economics Department offers a limited number of partial scholarships to a very select group of applicants with outstanding academic merits. These scholarships are automatically considered for all applicants to the MA, MAEP, MAGDE, and MA/MBA programs.

Some international applicants to the MA, MAEP, and MAGDE programs may be eligible for consideration for the Lu Lingzi Scholarship, which commemorates a talented BU master’s student whose life was tragically cut short in the 2013 Boston Marathon bombings. If you wish to be considered, your complete application and credentials must be received by December 1.

Graduates of BU’s Economics master’s program are automatically considered for a special prize which provides a summer stipend of $4,125, payable the first summer in the PhD program.

Expand your knowledge: What Is Adverse Selection Health Insurance

To be eligible for admission to this credit master's program in economics, you'll need to submit an online application, along with a bachelor's degree from a regionally accredited college or university with a minimum GPA of 3.0.

A personal statement, two letters of recommendation, and a résumé are also required. You'll also need to pay a non-refundable application fee of $60.

While standardized test scores are not required, submitting GRE or GMAT scores is strongly suggested, especially if you don't meet one or more of the prerequisites.

The program requires prerequisite courses in Principles of Microeconomics, Principles of Macroeconomics, Statistics, and Calculus I and II.

Here's a breakdown of the required application materials:

Note that an interview may be optional or required by the program director.