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February Application Deadline: December 31st 5pm CST
Federal Student Loans Available
Covers tuition, housing, and meals, plus cash for expenses
FEDERAL STUDENT LOANS ARE AVAILABLE
Federal Student Loans are available for tuition, housing, and meals, plus cash for expenses.
Costs & Aid, 2023–2024
Master’s Degree in Software Development (MSD)
$27,900 is the estimated total tuition for this 1.5-year online program (3 semesters plus one summer). The tuition listed here is for one year (two semesters) at the current year rate, with tuition subject to change for future academic years.
| One Academic Year Tuition and Fees | |
|---|---|
| Tuition and fees | $17,190 |
| Federal student loans | -$17,190 |
| Your payment | $0 |
| Optional: additional low-interest federal loans | -$10,000 |
$10,000 per year in optional federal student loans are available toward living expenses, books, and travel.
Additional federal student loans are available for approximately $17,000 for housing, meals, books, and personal expenses.
Additional Financial Aid Information
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. Veterans eligible for BAH monthly benefits: The VA utilizes a scale of credits per block of courses; therefore, the VA sometimes pays part-time benefits for an individual month while the university delivers full-time federal aid for an entire semester. 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.
2023-24 Program Tuition & Financial Aid
Master’s in Software Development
The MSD program is one year long. The following estimate is based on the current year tuition rate (subject to change in future years):
| Tuition and fees (only) | $34,530* |
| Federal student loans | -$34,530 |
| Your payment | $0 |
| NEW ONLINE TRACK | |
|---|---|
| Spring/Fall Semesters | $8,500 (6-11 Credits/term) |
| Summer Term(s) | $500/credit (Less than 6 Credits) |
| Estimated total tuition* | $27,900 |
| Low interest federal loans | -$27,900 |
| Your payment | $0 |
| Student Fees | |
|---|---|
| Online | $95 per Semester covering technology infrastructure. |
FEDERAL STUDENT LOANS are available to cover tuition & student fees and on-campus and off-campus housing, meals, books, and personal expenses. Submit the Free Application for Federal Student Aid (FAFSA) to qualify.
Students who are awarded financial aid will automatically receive loans to cover these additional expenses. However, if you don’t want these additional loans, you must decline them by contacting our financial aid department during enrollment or before the beginning of a new semester.
VETERANS: We are proud to be a Yellow Ribbon Program school. This means that as a veteran, you may qualify for additional assistance to help pay for tuition and fees not covered by the Post-911 GI Bill®. For questions on Veterans benefits, contact our military benefits expert Tal Ron at tron@miu.edu or 641-472-1156.
*Estimated tuition and fees are based on 2023-24 rates and are subject to changes over multiple academic years, as well as student academic progress/credit loads. Estimated tuition and fees do not include additional projected expenses for housing, meals, books, and personal expenses.
To view a full breakdown of charges: https://students.miu.edu/
FAFSA Application
US citizens and Permanent Residents are eligible for Federal Student Loans via Free Application for Federal Aid (FAFSA). Submit the Free Application for Federal Student Aid (FAFSA) to qualify for federal student loans.
HLC ACCREDITED
HLC ACCREDITEDMaharishi International University (MIU) is accredited by the Higher Learning Commission.
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