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It is well known that the cost for an MBA degree is significant. However, if
you decide to do an MBA, many sources of financial aid exist to help you
invest in your educational and career goals. Merit-based scholarships,
Federal Subsidized and Unsubsidized Stafford Loans, Federal Graduate PLUS
Loans, private credit-based educational loans, graduate assistantships and
campus work programs are available to eligible students. Merit-based
scholarships range from 25% to 100% of tuition. All applicants admitted
to the full-time MBA program are automatically considered for merit-based
scholarships based on GMAT or GRE score, undergraduate grade point average,
experience and potential. Applicants interested in maximum consideration for
scholarship assistance are urged to complete the application process early.
Educational loans provide
students the opportunity to cover their educational, living and personal
expenses while completing their MBA. Loans make it possible for students to
invest in a future of expanded career opportunities and increased earning
power. Loans are also the most common source of financial assistance for MBA
students in the U.S.
Most U.S. citizens and permanent residents participate in the Federal
Stafford Loan programs and many will utilize the new credit-based Federal
Government PLUS Loan program. International students may be eligible for
private credit-based educational loans.
Graduate
assistantships and student employment provide an opportunity to work
a few hours a week for a professor or staff member while attending the MBA
program.
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