Funding your MBA: Scholarships & Financial Aid

Comments

As you consider an MBA, we know funding the degree is top of mind. Evening MBA and Weekend MBA students leverage a combination of tuition support from their company, student loans, and/or personal savings. Merit-based scholarships are now available for Evening MBA and Weekend MBA applicants, adding an extra resource to your funding options. Additionally, your tuition is locked at the rate of the quarter in which you matriculate for four consecutive years.

 Scholarships

We are very excited to now offer merit-based scholarships for Evening and Weekend applicants. A few important details to keep in mind:

  • No additional application materials are required. Simply complete the online application.

  • Recipients are typically notified two to three weeks after being offered admission.

  • Scholarships are one-time awards available for incoming students.

  • The amount and number of awards varies by quarter and is influenced by the strength of the full applicant pool. Over the past year, awards have started at $10,000, with the largest award amounts around $30,000.

Past recipients had above average test scores and undergraduate GPAs, impressive career backgrounds, stellar letters of recommendation, and strong fit with the Evening and Weekend Programs. Keep this in mind as your craft your best possible application. Chicago Booth is also a proud participant in Yellow Ribbon, a scholarship opportunity for military candidates. See here to learn more about Yellow Ribbon.

Financial Aid
Financial aid is available in the form of student loans. US citizens and permanent residents typically pursue federal student loans. Our students in the US on a work visa typically pursue private student loans. Review our Financial Aid website to learn more. Once admitted, you will work directly with our Financial Aid colleagues to determine your best options.

For the Evening and Weekend Programs, you pay tuition for the course(s) you are enrolled in each quarter. Tuition is due by Friday week four of the quarter. We hope this sheds some light on how Evening MBA and Weekend MBA students fund their degree. If you have any questions, please reach out to the Admissions team at EveningWeekend-Admissions@chicagobooth.edu. We are happy to help!

Photo of Kara Northcutt  Kara Northcutt is director of Admissions and Marketing for the Evening MBA and Weekend MBA Programs.