Considering an MBA? The chances are you're wondering how to finance your education.
Financial aid for business school
You have more choices than you may think. There are many financial aid options to cover your business school expenses.
Ask your school financial aid administrator which kinds of aid you could be eligible for:
- Federal and private student loans
*Grants and scholarships are less available at the graduate program level than they are at the undergraduate level. Gift aid represented 29% of financial aid used to pay for graduate education in academic year 2011-12 compared to 51% of undergraduate financial aid while loans represented 68% of graduate financial aid compared with 40% of undergraduate aid.
Source: College Board, Trends in Student Aid 2012
Note: College Board study refers to grant aid, not gift aid
Federal and private student loans
Federal Stafford and Graduate PLUS loans are offered through Direct Loan Program with funds from the US Department of Education.
The innovative Sallie Mae Smart Option Student Loan is a private loan that features three repayment options designed to help you achieve your goals and balance your budget.