Finances, aid and scholarships

JYM has consistently remained one of the most affordable study abroad programs in Germany. As a self-financing program at Wayne State University, we are proud to offer a premier study abroad experience that is thousands less than other study abroad programs in Germany.

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Program fees and expenses

Fees include tuition and housing as listed below. Your actual cost may vary based on factors including your university and financial aid.

Per semester breakdown (2023-24)

Program fee

Item Cost
Tuition and fees $14,000
Housing $3,100
Health and travel $900
Total $18,000

Estimated living expenses

Item Cost
Food/meals $2,500
Books/school supplies $600
Local transportation $290
Incidents/personal $2,500
Transatlantic airfare $1,500
Passport application/renewal fee $110
Total non-billable expenses $7,500

Estimated total cost (fees + living expenses): $25,500

Additional optional expenses

Item Cost
Optional pre-orientation German intensive course $1,350
Optional program excursions $500
Total $1,850

⚠️ Important: The Junior Year in Munich Program reserves the right to change the program fee if warranted by dollar/euro exchange rate differentials.

About fees

  • Items covered by fees

    The JYM program fee includes tuition, housing, insurance, and more.

    • Tuition (includes admission to LMU Munich)
    • On-site staff at JYM Institute
    • On-site orientation (includes language instruction and excursions)
    • Student services fees
    • Courses offered at JYM Institute and related expenses
    • Internship placement fee (if applicable)
    • Professional and social events at JYM 
    • Wayne State University transcript
    • Pre-departure course for students
    • Re-entry and alumni support
  • Expenses not covered

    Personal expenses not covered by JYM program fees include but are not restricted to:

    • Meals
    • Books
    • Entertainment
    • Vacation travel
    • Local transportation
    • Round-trip airfare


Financial aid

JYM recognizes that each school has its own policy regarding financial aid and we can work with each individual's circumstances.
Almost all home schools will now process your federal financial aid for you as a participant in the JYM program. Contact your study abroad or financial aid office regarding your school's policy.

Most schools will issue a consortium agreement to Wayne State University by which they agree to process your aid and Wayne State agrees not to. All consortium agreements should be sent to for completion. Please note that you can still apply for JYM private scholarships even if your federal financial aid is processed through your home school.

If you've never applied for student loans or other financial aid before, your first step should be to complete the Free Application for Federal Student Aid (FAFSA) as early as possible.

Student loans

The FAFSA is the loan request form for federal Subsidized Direct Loans. Federal Subsidized Direct Loans are need-based, but Direct Unsubsidized Loans are not. Most juniors are eligible for $5,500 through a combination of both loan types although amounts will depend on individual circumstances and other financial aid awards.

Student Aid Report (SAR)

You'll receive your SAR about two weeks after submitting the FAFSA and the results will be transmitted to your college. Check your report carefully. If there are any errors or omissions, your aid will be delayed until they are corrected.

Postponement of payment to JYM

Students expecting scholarship or loan awards from their home schools that they wish to transfer to the program may request postponement of payment for a portion of the fees until those funds are received. If scholarships and loans are transferable, students should ask their financial aid officer to notify JYM when payment will be made.

Contact Jackie Smith (Detroit office) to discuss any questions you may have about payment-related issues.


JYM awards approximately $65,000 in annual scholarships! Awards generally range from $2000 to $4000.

Learn more about scholarships

Payment info

Program fees payable to Wayne State University

Your account at Wayne State University will be charged $18,000 each semester, in September and December. You can check your account balance on the Wayne State Academica system. Your login information for Academica was emailed to you, including your WSU ID number, AccessID and password.

How to make payments

Paying online

Log in to Academica, click the "Student Resources" > "Online Payments" > "Student Account Dashboard."

Paying in installments

Wayne State's installment payment plans allow students/parents to make tuition payments in monthly installments. Students can enroll for the first or second semester or choose both as an annual plan. To set up a payment plan, log in to Academica and click the "Student Resources" > "Online Payments" > "Student Account Dashboard."

Learn more about installment plans

Refund policy

Students must send written notification of their intention to withdraw from the program by letter or email to There is no refund after the start of orientation in Munich.