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Financial Aid

A go-to source for information about financing an MBA education. Learn more about graduate business school loans, scholarship opportunities and more.


New Program Qualifies GMAT Test Takers for Interest Rate Reduction for New MBA Loans

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The Graduate Management Admissions Council (GMAC), which owns and administers the GMAT exam, has partnered with Discover Student Loans to introduce a new program designed to qualify GMAT test takers for an interest rate reduction on eligible new MBA loans.

The Discover MBA Loan with GMAT Test-Taker Reward, launched last month, offers graduate business students who take the GMAT exam the opportunity to receive a 0.25 percent interest rate reduction on new MBA Loans from Discover Student Loans.

Continue reading…

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Economist, GMAT Tutor Launch $25,000 MBA Scholarship Competition

Show off your verbal and quantitative skills as part of a new scholarship competition, and you could win $25,000 toward an MBA at one of more than a dozen top business schools.

Economist GMAT Tutor recently launched a new MBA scholarship contest for prospective MBA and EMBA students. To take part in the competition, interested applicants must complete the Economist GMAT Tutor simulation test, which consists of one 75-minute Verbal section and one 75-minute Quant section.

The top scoring student will receive a $25,000 scholarship to one of 18 top business schools from around the globe serving as sponsors for the competition. Sponsor schools include the University of Virginia’s Darden School of Business, HEC Paris, CEIBS and the Kelley School of Management at Indiana University, among others. Continue reading…

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ESADE Offers Wide-Ranging MBA Scholarships

300px-Esade_idiomasFinancing a full-time MBA program is no small feat, especially when you take into consideration the income you’ll forgo as you devote yourself to studies. Fortunately for prospective applicants to Spain’s ESADE Business School, the school offers a wide range of scholarship opportunities to outstanding full-time MBA candidates.

If you’re a young Asian professional who wants to influence the shape of business in Asian-Pacific countries, there’s a scholarship for you. If you’re a North American candidate with foreign language proficiency and proven international experience in either working or studying abroad, there’s a scholarship for you. If you’re a candidate with significant work experience in the sustainable energies industry and an interest in a global energy industry career…yep, there’s a scholarship for you, too. Continue reading…

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London Business School, Lloyds Launch New Scholarship Program for Women

lbsIn an effort to increase the representation of women in post-graduate management education and in the business world as a whole, Lloyds Banking Group has launched a new scholarship program for women applicants to London Business School (LBS), the school announced today.

Citing research showing that limited financial resources present a core barrier to women seeking to pursue an MBA, the bank has established the Lloyds Scholars MBA Scholarship for Women. As part of the new program, Lloyds will award four £30,000 scholarships per year for each of the next four years. Continue reading…

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MIT Sloan School of Management Announces New Scholarship for Technology-Focused MBAs

MIT Sloan School of Management and London-based global telecommunications company Zamir Telecom last week announced a new scholarship program for promising MBA students planning to pursue careers in the technology sector.

The new Zamir Telecom fellowship is open to students from emerging economies in Africa, Asia or the Middle East, as well as to students interested in technological advancements in those regions. Continue reading…

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INSEAD MBA Scholarship for Students from Developing Countries

If you are a Round 2 applicant to INSEAD Business School from a developing country, you could be eligible for a €10,000 (~$16,448) scholarship. The INSEAD MBA ’91 June Endowed Scholarship, created by the Class of 1991 on the occasion of its 20th Class Reunion, will be awarded once a year to a disadvantaged candidate from a developing country who can demonstrate financial need.

Applications for the scholarship’s second round open tomorrow, January 14th, and the deadline for submission is January 31st. To be considered, prospective applicants must complete an online scholarship application, which includes providing answers to the following essay questions: Continue reading…

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Anonymous $6 Million Gift to Fund Student Scholarships at USC Marshall School of Business

An anonymous gift to the University of Southern California (USC)’s Marshall School of Business will support scholarships for both undergraduate and MBA students, the school announced earlier this month. The Marshall School will receive $6 million, part of a $20 million gift to the university made by a married couple described as longtime USC supports but whose identities were not revealed.

The Marshall School portion of the gift will go to the James G. Ellis Endowed Scholarship Fund, a challenge fund established by Tyler Muse ’07 and his family and named for Marshall’s current dean. Continue reading…

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Columbia Business School Announces New Dong-Bin Shin Fellowships

Columbia Business School (CBS) has announced four two-year, full-tuition fellowships open to international students entering in August 2014. Announced late month, the Dong-Bin Shin Fellowships will be awarded, one each, to students from four different regions: the Middle East or Africa, Europe, Latin America and South Korea. Applications are due by January 6, 2014.

The fellowships are named for CBS alumnus Dong-Bin Shin ’81, chairman of the Lotte Group, a diversified company based in South Korea and Japan that includes more than 70 companies across a range of industries. Shin, who also serves as a member of the CBS Board of Overseers, recently made a $4 million gift to the school, part of which will support the fellowships. Continue reading…

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Oxford’s Saïd Business School, Zamir Telecom Establish New Scholarship for Tech Sector Students in Emerging Economies

Saïd Business School at the University of Oxford earlier this month announced the creation of a new scholarship to help support MBA students from the technology sector, made possible thanks to a generous gift from a global telecommunications firm.

Zamir Telecom will give Saïd £15,000 (approximately $24,500) per year for three years, which will fund one scholarship each year. The Zamir Telecom MBA Scholarship is open to applicants from an emerging economy (in Africa, Asia or the Middle East) or to those from other countries who have an interest in technological advancement in emerging economies. Continue reading…

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Columbia Business School, Morgan Stanley Launch Sustainable Investing Fellowship

Columbia Business School (CBS), together with investment bank Morgan Stanley, has launched a new fellowship designed to help develop the next generation of leaders in sustainable investing, the school announced earlier this month.

The new Morgan Stanley Sustainable Investing Fellowship will give a select group of CBS students the opportunity to help drive investment that promotes sustainable economic growth. Participating Fellows with conduct research with supervision from CBS faculty while also working as interns at Morgan Stanley, to gain experiential learning in product innovation, thought leadership and investment strategy. Continue reading…

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UT’s McCombs School of Business Establishes New Entrepreneurship Scholarships

The McCombs School of Business at the University of Texas at Austin, together with the Jon Brumley Texas Venture Labs (TVL), has created two new scholarships for MBA students interested in entrepreneurship.

The TVL Scholarship is a competitive scholarship that will be awarded each February. The new scholarships are worth more than $174,000 each, which covers $10,000 per year in tuition funds and also includes a $30,000 in-state tuition waiver, a slot in an accelerator program (valued at $74,000) and consideration for a post-graduate position as an Accenture Venture Partner (valued at $50,000). Continue reading…

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