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Tuition, Fees, and Financing

The total tuition2 for the 12-month MS in Entrepreneurship program is $25,400 for residents and $39,700 for non-residents. Tuition payments are paid quarterly and due by the Tuition/Fee Assessment Deadline. Admitted students are required to pay a $1,500 non-refundable and non-transferable tuition deposit. This deposit is applied to your summer quarter tuition balance. Details of how to pay tuition are available on the Tuition Payment website.

Quarterly Tuition Quarterly University Fees1 Number of Enrolled Quarters Total Program Cost
Resident: $6,350 $355 4 $25,755
Non-Resident: $9,925 $355 4 $40,005

1Fee amount shown is based on the 2016-17 year and are subject to change. (Office of Planning and Budgeting) For a complete summary of tuition charges and associated fees, visit the University’s Tuition Overview.
2Tuition amount is subject to approval by University of Washington Regents.

Establishing Residency

The Office of the University Registrar provides information about residency requirements.

Financing Your Degree

MS in Entrepreneurship students can finance their education through personal funds, federal and private loans, employer assistance, part-time work, and private outside scholarships. We encourage students to research available options by visiting the UW Student Financial Aid web site and also contacting them for direct help. Below is some helpful information and resources. It is never too early to start looking for funding—even if you are not yet enrolled in a graduate program.

Please note that when you are researching financial aid options, the MS in Entrepreneurship is a fee-based program. Students enrolled in this program are not eligible for the UW employee tuition exemption program, institutional tuition waivers or the Undergraduate/Graduate University Grant programs, including the Husky Promise program. For additional information, see fee-based programs and financial aid and fee-based program FAQ. Currently, no scholarships are available for the MS in Entrepreneurship program.

Federal Student Loans are issued through the Department of Education and are available to US Citizens and US Permanent Residents only. Other eligibility requirements apply. MS in Entrepreneurship students are typically eligible for two types of Federal Loans:

  • Direct Unsubsidized Loans have a maximum disbursement of $20,500 per year. Loan eligibility is not need-based.
  • Direct PLUS Loans are loans made to students to help pay for the remainder of education expenses not covered by other financial aid, as determined by FAFSA results. Loan eligibility is not need-based.

Applying for Federal Loans:
To receive federal student aid including government loans, all U.S. citizens and eligible non-citizens must file a FAFSA (Free Application for Federal Student Aid). The FAFSA is also used to determine eligibility for UW Family Housing and Childcare Assistance, as well as need based scholarships for second-year Foster School of Business students. International applicants without a SSN are not eligible to file the FAFSA. Visit the Federal Student Aid website for eligibility criteria.

The FAFSA4caster is the US Department of Education’s free calculator that gives you an early estimate of your financial aid award.

Complete the FAFSA with these guidelines in mind:

  • The FAFSA form is available starting October 1. Students may submit their form as soon as possible after this date. Awards are made until funds are depleted.
  • List “University of Washington-Seattle” Code 003798 in the School section.
  • Submit the FAFSA form by the priority deadline: January 15 at 10:00 pm. Students who file after the priority deadline may work with the UW Office of Student Financial Aid to receive loans and other aid.
  • Since the MS in Entrepreneurship program starts summer quarter, after submitting a FAFSA students need to also submit a special Summer Aid Application available starting April 1 and due by May 15 for priority processing.

If your FAFSA is approved, the University of Washington will provide you with a financial aid eligibility letter and a promissory note asking how much of the $20,500 annual maximum you wish to borrow. Students who do not qualify for need-based assistance may qualify for the Unsubsidized Stafford/Ford Loans and Federal Direct Graduate PLUS (GPLUS) Loans.

For complete graduate loan information, visit the UW Office of Student Financial Aid (OSFA) website. You may also contact the UW Office of Student Financial Aid at (206) 543-6101 or ofsa@uw.edu.

Private loans are yet another resource available to cover your educational expenses. We strongly encourage qualified students to exhaust all federal loan options before applying for private loans. Unlike private loans, federal loans are required by law to provide flexible payment options, income based repayment and loan forgiveness benefits. Private loan terms vary widely between lenders and loan programs, and students must apply directly with the lending institution. There are resources available from the OFSA website to make an informed decision about alternative loan options.

We recognize that not all students qualify for federal loans. International students can qualify for private loans with a creditworthy U.S. Citizen or Permanent Resident co-signer. International students may also want to investigate private educational loans available from their home countries. Consult your local EducationUSA Advising Center for funding ideas.

You are encouraged to do independent research and can borrow from any lender you prefer.

Non-U.S. Citizens/Permanent Residents are not eligible to apply for U.S. federal financial aid. International students are encouraged to pursue private educational loans available from their home country.  In some cases, international students may also be eligible for private U.S. loans with a U.S. citizen co-signer. UW’s International Student Services office provides information on Financial Assistance for International Students. Additional resources are available at eduPASS and IEFA.
Students are encouraged to research external (private) scholarship opportunities. UW’s Graduate Funding Information Service (GFIS) offers great online tips and resources as well as drop-in hours or one-on-one appointments. Contact them at gfis@uw.edu or stop by the Research Commons of the Allen Library. Additionally, FastWeb, Scholarships.com and other scholarship search engine sites are a good place to begin researching scholarship opportunities.

International students seeking other sources of aid may want to consider international programs such as Fulbright, Muskie Fellowships and the American Association of University Women’s International Fellowships, and other scholarship/grant programs that are designed to support students pursuing graduate study outside their home countries. Many countries also offer government scholarships for overseas graduate study. Each country’s local EducationUSA Advising Center can provide information on scholarships as well as assistance with applying to US schools, the visa process, and preparation for US study. Please consult EduPASS for general financial aid information and tips for international students.

Women and other underrepresented minorities can find a list of scholarship opportunities offered by outside resources below.

Scholarship Opportunities

American Association of University Women
The American Association of University Women (AAUW) is the nation’s leading voice promoting equity and education for women and girls. Since its founding in 1881, AAUW members have examined and taken positions on the fundamental issues of the day — educational, social, economic, and political.

American Business Women’s Association
The Stephen Bufton Memorial Educational Fund exists to provide educational grants and scholarships to women pursuing post-secondary educational goals as well as ongoing professional development in order to support their career advancement and to help them become the role models, mentors and leaders of the future.

American Indian Endowed Scholarship Program
The American Indian Endowed Scholarship program helps financially needy students, with close ties to a Native American community, pursue undergraduate and graduate studies.

Graduate Opportunities and Minority Achievement Program (GO-MAP)
As a unit of the UW Graduate School, the Graduate Opportunities and Minority Achievement Program (GO-MAP) is committed to serving the needs of students of color and students from other underrepresented groups, while simultaneously fostering an educational and social environment in which all students can learn and develop through experiences rich in cultural, ethnic, and racial diversity. GO-MAP offers funding through fellowships and awards.

Hispanic Scholarship Fund
As the nation’s largest provider of college financial aid to Latino students, the Hispanic Scholarship Fund offers a diverse range of scholarship programs.

Latino Scholars Graduate School Fellowship
In 2013, a group of engaged, committed UW faculty, civic and business leaders joined together to establish the Latino Scholars Graduate School Fellowship to provide financial assistance to students who have a demonstrated commitment to Latino communities. The Latino Scholars Graduate School Fellowship is a one-time award of $1,000.

The Judith M. Runstad Wells Fargo Washington Women’s Roundtable Scholarship
This scholarship is awarded to one woman each year who is aiming to advance their career in technology, innovation, business, engineering, health, and/or real estate. You must be entering into or currently enrolled in an eligible graduate-level or continuing education program at the University of Washington and show a commitment to the community. The scholarship is awarded in the amount of $4,000-$6,500.

National Center for American Indian Enterprise Development Scholarship Program
The NCAIED is a scholarship program for Native American students majoring in Business.

The Point Foundation
Point Foundation empowers promising LGBTQ students to achieve their full academic and leadership potential – despite the obstacles often put before them – to make a significant impact on society.

The Pride Foundation Scholarships
Pride Foundation provides post-secondary educational scholarships to current and future leaders in the lesbian, gay, bisexual, transgender, queer (LGBTQ), and straight ally community from Alaska, Idaho, Montana, Oregon, and Washington.

The Seattle Foundation Scholarships
The Seattle Foundation holds more than 40 scholarship funds for students from a wide variety of backgrounds.

The Tillman Scholarship
The Tillman Scholars program supports our nation’s active-duty service members, veterans and military spouses by investing in their higher education. Since the program’s inception, the Foundation has named over 400 Tillman Scholars at more than 100 institutions nationwide.

The United Negro College Fund
UNCF plays a critical role in enabling more than 60,000 students each year to attend college and get the education they need. UNCF has awarded 10,000 scholarships and internships and funded 400 programs for students from low- and moderate-income families to attend more than 900 colleges and universities across the country.

University of Washington Alumni Association Multicultural Alumni Partnership Scholarship
The University of Washington Alumni Association (UWAA) Multicultural Alumni Partnership (MAP) awards scholarships to deserving University of Washington students who need financial assistance to assist with their progress toward a degree at the UW. Continuing full-time graduate students with at least one quarter of studies can apply for this scholarship. Applicants must have filled out the FAFSA to demonstrate need.

Washington State Business and Professional Women
Washington State Business and Professional Women strives to promote economic self-sufficiency for all women in the workplace. To accomplish this, they provide personal development programs, workshops, networking, and friendship to help women realize their goals.

Yellow Ribbon Program
As of Veterans Day 2015, a veteran, their dependent, or the orphan or a veteran who died on active duty will have full tuition and fees paid at any public school in the U.S. using the Post-9/11 GI Bill, regardless of their state residency status. Therefore, the Yellow Ribbon Program is not needed for UW programs.

Attending graduate school is a significant investment of time and money. While incoming students are strongly encouraged not to work during the MS in Entrepreneurship program, we do understand some students may seek part-time work and assistantships.

Please note: MS in Entrepreneurship classes will mostly take place during the mornings or afternoons each quarter. Occasionally there will be an evening event and there is an evening class during winter quarter one night a week. If pursuing part-time work, students need to find a job with flexibility in scheduling. The most likely time students would be available to work would be evenings, some Fridays, and weekends.

On-campus Jobs

International Students: Please review the information regarding on-campus employment from UW’s International Student Services (ISS). It is the student’s responsibility to research and understand their on-campus work eligibility. Be sure to review all information provided by ISS and consult ISS with any concerns or questions.
Work Study

The Federal Work Study and state sponsored Washington State Work Study Programs give students the opportunity to work part-time while going to school. Learn more about work study details on eligibility, finding a job, getting paid, and work schedules. Financial need is determined by first submitting the FAFSA. International students are not eligible for work study.

Graduate Student Assistantships

At the University of Washington, there are three types of graduate student assistantships: Teaching Assistant, Research Assistant, and Staff Assistant. Visit the link to learn more about the program, how to find a position, and international student eligibility.

Please note: Teaching Assistantships at Foster are offered by departments. TAs are difficult to find and are usually filled by MBAs. TAs across the UW campus are approximately 16 hours per week, usually earning a monthly stipend around $3,000.

As a veteran, current active duty member, or a dependent of military personnel, you may be entitled to VA benefits to fund your education. These benefits may include funding for tuition and fees, housing, books, and meals. For more information on financing your degree through VA funding, please visit the UW Veterans Center website. Please note: The MS in Entrepreneurship is a fee-based program. Tuition waivers will not be awarded to students participating in fee-based programs.

Military Benefit Resource Links

The IRS provides both tax credits and deductions that may be taken to reduce the federal income tax burden for eligible students. Tax savings are dependent on your personal situation, and students should check with their personal accountant to determine whether their tuition payments qualify as a tax deduction. For detailed information on the education tax credits and eligibility, visit the UW Student Fiscal Services website.

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