Student loans are a common way to get an MBA, but loans come with one important drawback – debt, which could take years to settle.
MBA admissions specialists are from time to time stumped.
Massar is a graduate of Harvard Business School, as well as the creator of Master Admissions, which helps would-be pupils get into business school as well as other graduate schools.
Business schools typically give a number of merit-based scholarships, which some associations call fellowships, as well as the kinds of scholarships may differ from school to school. And only because a school provides a specific scholarship one year does not mean that it’ll be offered the subsequent year, specialists say.
In spite of one of these nuances, there are several approaches every would-be MBA student may utilize to be a scholarship nominee that is powerful. Admissions below and financial aid specialists describe three.
Be a powerful applicant: Until they understand whether they have gotten into school, generally pupils should not think about scholarships.
At Tippie, admitted pupils may be looked at to get several scholarships, including the Tippie MBA Women’s Award or the U.S. Armed Forces Award. Multiple students may be given the scholarship that is same, he says.
The University of North Carolina—Chapel Hill’s Kenan-Flagler Business School includes the same procedure for choosing who’s qualified to receive merit support, says the school’s director of MBA admissions, Sherry Wallace. Pupils do not need to fill out a form to be considered for most of the fellowships of the school.
“The same standards the admissions committee is using to choose which applicants will probably be accepted would be the standards the fellowship choice team is using to ascertain to whom fellowships will soon be offered,” she says.
Pupils say they also provide a few other offers of entries and may contact their top pick, and scholarship offers, when accurate. They are able to then request the school if it could offer a scholarship that is better, specialists say.