Financial Resources Guide Graduate Programs
Big investment, bigger return
A top-tier education is a significant investment and one of the most important and rewarding decisions you’ll ever make. At Northeastern, the value of that investment is unparalleled.
You’ll graduate with a competitive advantage through our experience-driven learning model, powered by our network of accomplished faculty, valuable corporate partnerships, and active alums.
Student Financial Services is here to support you with essential information as you prepare your application and throughout your graduate school journey.
My graduate experience has granted me not only theoretical knowledge but helped me develop my communication skills, leadership mindset, and confidence. That speaks to the power of Northeastern and its ability to set its students up for success.”
northeastern.edu/kexin-li
Kexin, MS in International Management’22
Estimating your costs
As you plan your budget for graduate school, there are several factors to consider:
DIRECT COSTS
• Tuition is set annually, with a per credit hour rate listed on the Student Financial Services site. Limited programs, such as the MS in Accounting/MBA, have a flat rate.
• Fees vary by program.
• If you’re studying full-time in Boston, Massachusetts, state law says you must have health insurance. You’ll automatically be enrolled in the Northeastern University Student Health Plan (NUSHP), which you can waive if you have comparable US-based coverage.*
INDIRECT COSTS
• Indirect costs may vary but include housing, food, transportation, books, and supplies.
• If you choose electives that involve global travel, you’ll have additional expenses.
• Your housing and living expenses will vary based on your budget and preferences.
Understanding your options
There are many ways to fund your graduate education at D’Amore-McKim, based on your eligibility, including:
SCHOLARSHIPS
Numerous scholarships are available, each with its own requirements, award amount, and disbursement terms. If you pursue a degree-granting program, D’Amore-McKim will automatically consider you for merit scholarships at the time of admission. No separate application is required.
FEDERAL DIRECT UNSUBSIDIZED LOANS
You can apply for federal student loans in the form of a Direct Unsubsidized Loan if you are an eligible graduate student enrolled at least half-time in a qualifying program of study. Application instructions are on the next page.
SUPPLEMENTAL LOANS
Many private lending institutions may offer educational loan options. Compare borrowing and repayment terms to see which lender or loan program may be your best option.
Learn more at studentfinance.northeastern.edu/billing-payments/financing-options
PAYMENT PLAN Northeastern offers a zero-interest payment plan that allows you to divide your educational costs into smaller, more manageable installments. This option may reduce your need for loans or other funding.
WORK-BASED FINANCING OPTIONS
You can earn money toward your graduate education through graduate assistantships, on-campus student employment, corporate residency, graduate co-ops, and work-study.
EMPLOYER SUPPORT Many employers offer tuition benefits for employees pursuing graduate study.
Applying for U.S. Federal Aid
U.S. citizens and eligible non-citizens may access federally funded financial aid through unsubsidized loans or need-based work-study. The first step in determining your eligibility for federal financial aid is to file a Free Application for Federal Student Aid (FAFSA).
HOW TO APPLY
• File your annual FAFSA as early as possible to be considered for all available funding.
• Northeastern University’s school code is 002199.
• MS in Accounting/MBA students should know that their first year of study covers two financial aid years. As a result, you will need to file a FAFSA for two financial aid terms.
• Learn more at studentaid.gov
FEDERAL STUDENT LOANS
• Based on your FAFSA submission, you may be eligible for a federal direct, unsubsidized student loan.
• Note that annual and lifetime loan borrowing limits exist, and interest rates are set annually.
• Learn more at studentaid.gov
WORK-STUDY
• If you demonstrate financial need as determined by the FAFSA you may be granted work-study eligibility to pursue part-time employment.
• This is a way to earn money for your expenses throughout the school year.
Aid for international students
As an international student, you may not be eligible for federal student aid, but there are still several financing options available to you:
• Apply for scholarships, private loans, and student employment, depending on eligibility.
• Be automatically considered for merit-based scholarships when you apply for a degree program; no application is necessary.
• Learn more at studentfinance.northeastern.edu/applying-for-aid/international-students
Atharva, MS in Business Analytics’24
Scholarships
NORTHEASTERN UNIVERSITY
ALUMNI & FAMILY
The Northeastern University Office of Admissions determines Double Husky and Parent & Family scholarship eligibility.
Double Husky Scholarships
• Supports alums with a Northeastern degree.
• 25% tuition scholarship for MS, MBA, and graduate certificate candidates.
• Automatic consideration, no application necessary.
Parent & Family Scholarships
• Supports parents and siblings of current full-time undergraduate students.
• 25% tuition scholarship for MS, MBA, and graduate certificate candidates.
• Provide the Northeastern University ID number of your currently enrolled, full-time undergraduate child or sibling at the time of application.
U.S. MILITARY AND VETERANS
• A variety of funding options are available through scholarships and financial aid, including the Post-9/11 GI Bill® and Yellow Ribbon Program.
• Learn more at military.northeastern.edu/ fund-your-education
Accounting/MBA’23
Jessica, MS in
D’AMORE-MCKIM ACHIEVERS MERIT SCHOLARSHIPS
The D’Amore-McKim Graduate Admissions Committee awards merit scholarships as partial tuition reductions for campus-based MS and MBA programs. They evaluate the overall strength of each application, including undergraduate achievements, work experience, recommendations, and other submitted materials. No separate application is needed—all applicants are automatically considered.
→ Affinity Scholarships
No application is necessary; identify your affiliation in your application.
National Black MBA Association MBA Scholarship
• Supports education and growth opportunities for historically underrepresented students.
• Renewable annually for Full-and Part-Time MBA candidates.
Posse MBA Scholarship
• Supports the future leaders of a diverse, multicultural society.
• Up to 100% of tuition, renewable annually, for Full-and Part-Time MBA candidates.
Prospanica MBA Scholarship
• Supports Hispanic professionals as entrepreneurial thinkers and future leaders.
• Renewable annually for Full-and Part-Time MBA candidates.
Reaching Out MBA Fellowship
• Supports the LGBTQ+ and active ally business leaders of tomorrow.
• A minimum $10,000 scholarship per academic year up to $20,000 total for Full-Time, Part-Time, and Online MBA programs
→ Service Organization Scholarships
No application is necessary; identify your affiliation in your application.
City Year MBA Scholarships
• Supports City Year AmeriCorps members and alums who complete at least one term of service and City Year staff employed for at least two years.
• Up to 25% of tuition for Full- and Part-Time MBA candidates.
Full Circle Scholarship
• Supports current or former members of the Peace Corps, AmeriCorps, Teach for America, and English Language Learners.
• Up to 25% of tuition for MBA, MS, and graduate certificate candidates.
→ Africa and Latin America Regional Scholarships
No application is necessary; identify your affiliation in your application.
African Students Access Scholarship
• Supports high-achieving graduates of African universities.
• Up to 50% of tuition for graduate candidates on a U.S. Northeastern University campus.
FELLOWSHIPS
Dr.
Martin Luther King, Jr. Graduate
Fellowships
• Supports students of African origin who show exemplary leadership and have a strong record of community service.
• Full tuition and fees (excluding insurance) for students enrolled in a full-time graduate program who have completed the financial aid process.
• Apply directly through the John D. O’Bryant African American Institute.
ACCOUNTING SCHOLARSHIPS
Deloitte Foundation Accounting Scholars Program (DFASP)
• Fosters a strong pipeline of diverse accounting talent.
• Up to full tuition for MS in Accounting and MS in Accounting/MBA candidates.
ADDITIONAL FINANCING OPTIONS
Outside Scholarships
Find advice and links to scholarship databases from Student Financial Services.
Learn more at studentfinance.northeastern.edu/ applying-for-aid/graduate/types-of-aid
Latin American Achievers’ Scholarship
• Recognizes promising, high-achieving graduates of Latin American universities pursuing a graduate business degree.
• Up to 50% of tuition toward MBA and master’s candidates in full-time, on-campus programs.
Forté Fellowships
• Supports professionals who show outstanding leadership through mentoring, participating in initiatives, advocating for gender equality, or supporting women-led businesses.
• A minimum of $20,000 toward MBA program tuition and access to Forté programs, activities, networking opportunities, and resources.
• No application is necessary; identify your affiliation in your application.
• U.S. citizens and permanent residents may apply by submitting a DFASP essay with your application.
Accounting Scholarships
The Association of International Certified Professional Accountants (AICPA) provides a comprehensive national scholarship database for accounting students.
Learn more at thiswaytocpa.com/education/ scholarship-search
Further financial factors
Northeastern is committed to helping you make your higher education goals a reality. We encourage you to consider these additional options in your financial plan:
NORTHEASTERN PAYMENT PLAN
Northeastern offers an interest-free, semester-based, monthly payment plan. For a nominal fee, you can enroll and make equal installments to pay for direct-billed expenses.
NO TUITION DURING CORPORATE RESIDENCY OR GRADUATE CO-OP
If you participate in a corporate residency or graduate co-op, you’ll earn a salary and won’t pay tuition unless you choose to enroll in courses during your employment.
STUDENT EMPLOYMENT
U.S. citizens and eligible F-1 or J-1 Visa students can access paid on-campus jobs. U.S. citizens can also find paid off-campus work through approved partnerships. Learn more at international. northeastern.edu/ogs/employment
Adobea, MBA’25
Next steps
CHECK APPLICATION DEADLINES
Plan when to apply by visiting our deadlines and decisions web page.
Learn more at damore-mckim.northeastern.edu/admissions/deadlines
APPLY FOR ADMISSION
Submit your application by the earliest date possible.
COMPLETE YOUR FAFSA
File your Free Application for Federal Student Aid (FAFSA). Complete it while applying for admission to ensure a smooth financial aid process. Use Northeastern’s school code: 002199.
Learn more at studentaid.gov
MS in Accounting/MBA candidates:
→ Be sure to submit two FAFSAs—one for each year of your program.
CONSIDER YOUR FINANCING OPTIONS
Explore further information about investing in your Northeastern graduate education.
Learn more at studentfinance.northeastern.edu
ARE YOU APPLYING TO AN ACCOUNTING PROGRAM?
Our MS in Accounting and MS in Accounting/MBA programs begin in late May/early June, so you may not have all your financial aid information available when making your enrollment decision. Connect with Student Financial Services as early as possible to understand your financing possibilities.
Jack, FTMBA’25
@damoremckim
D’Amore-McKim School of Business at Northeastern University
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@DAmoreMcKimSchoolofBusiness