MSM Tuition and Financial Aid | UNC Kenan-Flagler

Tuition Living Expenses Fellowships Student Loans Employer Support

Tuition and Financial Aid

Tuition, plus fees, for the Master of Science in Management degree is $48,087* for in-state residents and $55,424* for out-of-state residents for the 2026-27 academic year. Your tuition provides you access to learning from our top-notch faculty and receiving a world-class education. You’ll study among talented peers, access cutting-edge curriculum and earn a powerful degree that will prepare you to start a successful career in the business world.

North Carolina residents*

	Fall semester	Spring semester	Combined Total
Tuition	$22,961.50*	$22,961.50*	$45,923
Fees	$1,086	$1,078	$2,164
Total	$24,047.50	$24,039.50	$48,087

Non-North Carolina residents*

	Fall semester	Spring semester	Combined Total
Tuition	$26,630*	$26,630*	$53,260
Fees	$1,086	$1,078	$2,164
Total	$27,716	$27,708	$55,424

*Prospective students must fulfill specific requirements to qualify as North Carolina residents for tuition purposes. For more information and to find the required residency application forms, visit the Office of the University Registrar website. The above are estimated tuition and fees which are pending approval and subject to change. These estimates do not include housing or other individual living expenses. For the most up-to-date tuition and fee information, visit the Cashier’s Office website. Upon acceptance, we’ll provide you with 15 days to pay your non-refundable $500 enrollment deposit, which is directly credited toward your first-term tuition bill.

** Tuition and fees are finalized the summer before each fall semester. This cost is an estimate, pending approval of the state budget. Tuition is expected to increase between 3-10% each academic year. Refer to the University Cashier’s website for actual tuition and fee charges for a given academic year.

Total Cost of Attendance

NC Resident: $77,507
Non-Resident: $84,844

*The total cost of attendance includes tuition, fees, and estimated living expenses.

Estimated living expenses (2026-2027)

	Per month	Per academic year
Books	N/A	$474
Food	$745	$6,702
Health Insurance	$400	$3,606
Housing	$1,532	$13,788
Direct Loan Fee	N/A	$262
Travel	$160	$1,488
Miscellaneous	$345	$3,100
Total	$3,182	$29,420

Financial Aid

Merit-based graduate school fellowships

The Master of Science in Management degree is a practical credential that equips you with technical and interpersonal skills, as well as a profound depth of business acumen. It’s worth the investment. You are, too.

Like a scholarship, fellowship awards are financial support provided to students. When you’re admitted to the program, you’re automatically considered for a fellowship award; a separate application is not required. When reviewing your application, we take into consideration your unique educational background, work experience and life achievements, when offering an award.

Our MS in Management program aims to award fellowships to many of its students. The average range for a fellowship is $3,000 to $6,000.

Student loans

After accounting for any savings, family support, fellowships, scholarships, military or employee benefits you may have secured, student loans can help cover the remaining costs of your program and, if needed, certain qualifying living expenses.

Student loans are accessible to U.S. citizens, permanent residents, and international students. Additionally, you might explore alternative loan options available through the Graduate Management Admission Council (GMAC).

Student loan options for U.S. citizens and permanent residents

Students have access to non-need-based loan funding (loans that begin accruing interest at disbursement) to cover expenses associated with their degree. A student’s total financial aid (scholarships, fellowships, and all education loans) cannot exceed the financial aid budget for the academic year, which includes tuition and fees and living expenses (see below).

The Federal Direct Unsubsidized Loan program is available to all U.S. citizens and permanent residents who meet basic federal requirements (i.e., student has never defaulted on a federal loan, is not currently involved in filing bankruptcy, etc). You can borrow a combination of the Federal Direct Unsubsidized Loan and private student loan funds to supplement the unsubsidized loan annual maximum of $20,500. UNC-Chapel Hill does not have a preferred lender list for private education loans. You can research private education loan lenders to determine if a private loan is best for you by using our database (called ELMSelect) of lenders UNC Chapel Hill students have used in the past.

	Federal Direct Unsubsidized Loans	Private Loans
Credit Requirements	None, but student must meet eligibility requirements as determined by the FAFSA.	Lenders may require students to have a particular credit score to be approved without a co-borrower.
Interest Rate	8.08% fixed^*	Fixed or variable and is normally based on either the Prime Rate or LIBOR.
Origination Fee	1.057%**	Varies, but normally none.
Annual Maximum	$20,500	Financial aid budget minus all other financial aid.
Grace Period	6 months	6 to 9 months
Repayment Method	10 to 25 years. Several repayment plans available.	10 to 25 years, depending on the lender
Income-Driven Repayment Options	Yes	No
Possible Loan Forgiveness or Cancellation	Yes	No

To apply for federal student loans, complete the Free Application for Federal Student Aid (FAFSA). To qualify for federal student loans you must be enrolled full-time for the academic year which is at least 18 credits.

*The interest rate is fixed for the life of the loan and applies to loans disbursed after July 1, 2026 and before July 1, 2027. Read more about Federal Direct Loans at the Department of Education website.

**The origination fee is part of the principal loan amount that is deducted from the disbursed amount. Rate information and details are found here.

***Graduate or professional students who begin their programs after July 2026 will not have access to the Grad PLUS program. For up-to-date information about expected changes to Federal Student Aid in 2026, please visit the UNC Student Aid website.

Student loan options for international students

Private education loans (for students with or without a U.S. co-signer)

UNC-Chapel Hill does not have a preferred lender list for private education loans. You can research private education loan lenders to determine if a private loan is best for you by using our database (called ELMSelect) of lenders that UNC-Chapel Hill students have used in the past.

International students who have a credit-worthy U.S. citizen co-signer or U.S. permanent resident co-signer may also be eligible for private education loans. Students should research private education loan lenders to determine which option is best for their individual situation. You may research loans through ELM Select. Students should research private education loan lenders to determine which option is best for their individual situation.

Other education loans

Employer tuition reimbursement and support

Although the MS in Management degree is a full-time program, many employers fund graduate education to support their employees’ professional development. In some cases, companies build education support directly into their benefit packages. If your organization offers this support, take advantage of it; it can be a lucrative opportunity.

If your company doesn’t have a formal education benefit, make a case for support. The skills and knowledge you’ll earn as you pursue your MS in Management degree will enhance your business acumen and will provide your company with a motivated team member who’s ready to make a difference! If you need documentation or advice from us to support your case, ask us how we can help.

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MS in Management Tuition and Financial Aid