The salary differential between the B.S. and Master degree in biomedical engineering is approximately $20,000/year, making a two (or even three) semester program cost-effective in terms of earning potential.
M.Eng. students typically self-fund their degrees, with most students taking out student loans. There is very limited merit-based financial aid available from the Meinig School of Biomedical Engineering. This aid is typically in the form of partial tuition scholarships or teaching assistantships.
There are few fellowships and funding opportunities (typically one per field) available through the College of Engineering. There is also partial support as a Graduate Teaching Specialist, which offers a small stipend.
For additional information on funding, see: