Funding a Chicago Booth Part-Time MBA is more accessible than you might expect—through merit scholarships, federal and private loans, employer sponsorship, and veterans benefits.
Chicago Booth Part-Time MBA students have access to funding sources. Which ones are available to you depends on your citizenship status and employer.
Chicago Booth offers a variety of merit-based scholarships to promising Part-Time MBA students, thanks to the generosity of its alumni. No separate application is required for these awards—all Part-Time MBA applicants are automatically considered based on the information provided in their application. Scholarship decisions are based on factors including academic merit, quality of the interview, competitiveness, career experience and progression, career goals, and life experiences. Award amounts and notification timelines vary, with some recipients notified at the time of admission and others shortly thereafter.
Chicago Booth is delighted to participate in the Yellow Ribbon Program, an enhancement of the Post-9/11 Veterans Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are not scholarships and are available to all veterans at Chicago Booth who qualify under the Veterans Affairs guidelines. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar.
This life-changing program funds full tuition for Evening and Weekend MBA applicants in public- and social-sector careers.
Edwardson Civic Scholars Program
This one-year program is for students entering their final year of study at Chicago Booth, the Crown Family School, or the Harris School. It brings together an interdisciplinary group of promising and eligible UChicago scholars to gain the education, skills, relationships, and perspectives needed to tackle their communities’ most pressing challenges.
The University of Chicago Obama Foundation Scholars ProgramEvening MBA and Weekend MBA students who are US citizens or permanent residents are eligible to apply for the following loans.
The Direct Unsubsidized Loan is a federal student loan available to US citizens and US permanent residents who enroll in at least 200 units each quarter. This loan, which is not credit-based, carries a fixed interest rate and has an annual borrowing limit of $20,500.
All students may apply for private, credit-based alternative loans. Students can borrow up to the full cost of attendance (which is set by Booth Financial Aid) minus any other financial assistance. Private-loan terms are set by the lender.
All international students—those who have access to a US cosigner and those who do not—have multiple lending options in the private-student-loan market. More detailed information regarding these loans and programs is available to admitted students.
You can review the loan policy for Chicago Booth in the loan policy documentation.
Yes. All applicants are automatically considered for merit-based scholarships, no separate application required. Award decisions are based on your Part-Time MBA application materials, including academic record, interview, career experience, and goals.
No, there is no formal application process for scholarships. Applicants are considered based on factors from their Part-Time MBA application including academic merit, interview, competitiveness, career experience, career goals, and life experiences.
Yes, international students can receive funding through merit-based scholarships and private loans. They cannot receive federal loans. Note that “international” students in the Part-Time MBA Program are in the US on a valid work visa. We are unable to have F-1 student visa holders in these programs.
Still have questions? Visit a full list of our frequently asked questions.
Questions about the Evening MBA and Weekend MBA Programs? Contact our admissions team. We look forward to hearing from you!
Phone: 312.464.8700
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