Financial Aid

Health Insurance

It is university policy that all students must be covered by major medical health insurance while attending UC Berkeley. All students are automatically enrolled in the UC Student Health Insurance Plan (SHIP) and charged a SHIP fee as part of their billable cost.

To assist MFE students, the Haas Financial Aid Office and the MFE Program have negotiated a pro-rated SHIP charge.

Rare Exceptions

Though some students may be able to waive SHIP, experience shows us that most students in the MFE program do not have the strict equivalent coverage required by the university, especially international students. For a few, SHIP can be successfully waived by submitting the health insurance online waiver form with proof of a comparable health insurance policy. The waiver must be completed each academic year at University Health Services. In order to waive SHIP, you must be enrolled in a private medical health insurance plan that meets ALL of the waiver requirements detailed on the University Health Services (UHS) website.

  • New students: as soon as possible after submitting your SIR and deposit. Contact the program office and email uhswaivers@uhs.berkeley.edu for a manual waiver process. Please indicate that you are a newly admitted Master of Financial Engineering student beginning spring 2018.
  • Continuing students: complete the online waiver form by July 15th for the second half of your program.

UHS provides a waiver worksheet (PDF) to help you prepare in advance of using the online waiver tool. You will receive a confirmation number upon completion of the form. Print that page for your records.

Additional Information, Health Insurance for Families and Dependents

Please note that SHIP does not include a spouse or dependents; that coverage must be purchased separately. For more information, please review the University Health Services (UHS) webpage on Dependent Care Options, or email your questions to (ship@uhs.berkeley.edu).