Financial Aid
A go-to source for information about financing an MBA education. Learn more about graduate business school loans, scholarship opportunities and more. For more information on how to finance your MBA and the costs of attending business school, visit our
MBA Program Costs & Financing Guide.
Published: December 5, 2024
MBA Admissions Tip: Can I Negotiate a Scholarship for Business School?
In a follow-up to our Admissions Tip “Should MBA Scholarship Money Impact Your Choice of Business School?” earlier this week, we explore how to negotiate a scholarship for business school. When decisions are released, excitement among the applicant pool can be palpable. After months of hard work and significant introspection, many candidates are rewarded with offers from their dream programs. Some of those offers come with scholarships; money that helps defray the significant financial burden of taking two years away from work, while also paying considerable tuition costs and living expenses. If Only My Top-Choice Had
Read more
Published: November 10, 2024
Columbia Tuition Costs for the MBA Program in 2024
Columbia Business School is renowned for its world-class teaching, its high employment rates and its M7 status. The rewards of their MBA program are well-documented and clear—but how much would it cost a student to complete it? How much does Columbia tuition actually cost? This article will help you find out. We’ll break down the various costs of one year (the 2024-2025 academic year) on the MBA program at Columbia Business School (CBS), sharing what they are, how they shift, and how you should budget. To Bear in
Read more
Published: March 21, 2024
Here’s What to Consider When Financing Your MBA in 2024
Partner Content We asked our friends at Juno to share their wisdom on financing the MBA. Nicolas Echegaray, Wharton MBA 21’ and Juno’s General Manager, shared the following to help recent MBA Admits better prepare for their upcoming programs. If you haven’t done so already, consider joining Juno’s MBA student loan negotiation group (free and no commitment). We use group bargaining power to get the best deal possible on your student loans! Join here for early member benefits. What to Consider When Financing Your MBA in 2024 Nicolas Echegaray By Nicolas
Read more
HBS Announces Need-based Application Fee Waiver
MBA applicants to the Class of 2024 at Harvard Business School can request a need-based waiver of the $250 application fee. HBS first piloted this option in the 2020-2021 admissions season and were pleased with the support. As a result, HBS plans to keep it as a part of ongoing efforts to help remove barriers to applying and improve accessibility to graduate education from different walks of life. Chad Losee, Managing Director of Admissions & Financial Aid, told Clear Admit, “If you think of access to education in the U.S. for instance, we know
Read more
How to Pay for Your Study Abroad as a Student from the US
Studying abroad can be a rewarding experience for college students, but the cost of programs are often quite high. Learn more about how to pay for your study abroad trip below. Shared from our partner Juno. One of the most rewarding experiences in education is participating in a study abroad program. Paying for a study abroad program, though, can feel like a daunting task. The good news is that there are ways to pay for study abroad programs, including federal student aid and private loans through organizations like Juno. Let’s take a look at how to pay
Read more
MBA Student Interview by Juno: John From Columbia Business School
MBA Student Interview: Columbia Business School Juno’s MBA Student Interview Series aims to bring transparency to the MBA application process. In these student interviews, we’ll talk with MBA students about their paths and decision-making process. The subject of this piece has asked to remain anonymous, so we’ll refer to them as John. Deciding on an MBA For John, financing is playing a big role in his decision-making process. After receiving need-based scholarship from Columbia Business School, he was able to commit to program, which was also his top MBA choice. “From Columbia, I received about 75% of my tuition,
Read more
Published: April 19, 2020
Clear Admit and Prodigy Finance Host Webinar on Funding Your MBA Abroad
Looking for more information on funding your MBA abroad? Recently, Clear Admit teamed up with community-funded loan provider Prodigy Finance for an informative webinar about financing an MBA for students who will be earning the degree outside their home country. We were pleased to have had a number of registrants who joined this webinar on April 15th and took part in a lively Q&A session at the conclusion of the presentation. Riane Corter, University Relations Manager at Prodigy Finance, took a lead on the webinar by touching on many key points including: How the borrowing process works for international
Read more
Published: September 30, 2019
UNC Kenan-Flagler to Host Free Webinar on October 2nd – “Women MBAs: The Secret to Leadership Success”
Register Here Did you know that only 38% of enrolled MBA candidates are female? An MBA not only gives you the business skills, tools and perspective to be successful in your career, but also provides you with the opportunity to navigate the social complexities of business and develop relationships that will last a lifetime. Join Brittany Craig, Associate Director of MBA Admissions & Student Recruitment at UNC Kenan-Flagler Business School and current female MBA students to learn how an MBA is helping pave their way to become the leader that they want
Read more
Published: September 15, 2019
Prodigy Finance to Host Free Webinar on September 18th – “How Will You Fund Your MBA Abroad?”
Register Here If you’re applying for your MBA abroad in 2019 or later, this is a great opportunity to learn about how you can get a free loan quote without any co-signer or collateral in under 30 minutes. The webinar will be hosted by the Neha Rangari, Growth Associate from Prodigy Finance. She will discuss financing for your education, including: • Benefits of a top-ranked MBA course • The 30-minute loan application • Loan terms, including loan size, interest rates, and the repayment period • How
Read more
Published: February 28, 2019
Prodigy Finance to Host Free Webinar on March 21st – “How Will You Fund Your MBA Abroad?”
Click here to Register If you’re applying for your MBA abroad in 2019 or later, this is a great opportunity to learn about how you can get a free loan quote without any co-signer or collateral in under 30 minutes. The webinar will be hosted by the Prodigy Finance Country Manger for India, Nikhil Lasrado. He will discuss financing for your education, including: • Benefits of a top-ranked MBA course • The 30-minute loan application • Loan terms, including loan size, interest rates, and repayment period • How
Read more
Published: January 21, 2019
A Conversation with Kirsten Moss of Stanford GSB
Clear Admit recently sat down with Kirsten Moss, who leads MBA admissions at Stanford Graduate School of Business. Our conversation was both insightful and incredibly wide-ranging–covering topics like leadership, application essays, admissions interviews, and financial aid.
What follows is the transcript of our conversation. Moss starts by covering the importance of assessing leadership and by extension, leadership’s importance for candidates applying to the Stanford MBA Program. In the subsequent pages, Moss tackles essays, interviews, and financial aid.
Read more
Published: December 5, 2018
Got Your MBA? Here’s How You Can Save Money on Your Student Loan after Graduation
Sponsored Content
Apply for refinancing now” and “save over $20,000* through refinancing
As an international MBA graduate you worked hard to get into the right school, get the MBA to set you apart from your peers, and then to land the job you’ve always dreamed of.
You’re on track to a lucrative professional career. The catch? You likely spent thousands to get where you are. And now you’ve got years worth of student debt holding you back from starting the life you want.
The answer seems simple: just refinance your student loan. But unfortunately, for immigrants living and working in a new home country, your refinance options are going to be limited. Your domestic peers have opportunities to suit their needs but you’ve been held back because of your visa status.
Fortunately that’s about to change. You can save thousands of dollars by refinancing your student loan with the introduction of international lenders like Prodigy Finance. International lenders are focused on breaking down the traditional challenges of cross-border lending to give more people the opportunity to access financial independence.
How refinancing your international student loan can save you money
Read more
Published: November 4, 2018
Stanford GSB Financial Aid System Overhauled: New System Based Solely on Need
Stanford Graduate School of Business (GSB) will implement a new financial aid system next month that allocates fellowships and loans to incoming MBA students using a formula based solely on financial need, the school announced today. This will formalize the transitional system the school has used for the past year—ever since a data breach last fall caused its prior approach to financial aid to come under close scrutiny. Today’s decision resulted from an exhaustive review and redesign of the school’s historical practices surrounding financial aid and drew on input from faculty, students, staff, alumni, and outside advisors,
Read more
Published: October 15, 2018
HBS Admissions Director Chad Losee Dishes on the MBA Interview, Essays, Financial Aid, and More
Are you anxiously awaiting an interview for Harvard Business School (HBS)? I’m going to let you in on a secret. Chad Losee—who leads admissions for HBS and conducts a portion of the interviews with applicants himself—is nervous, too. For real. He told me as much in our latest Clear Admit MBA Admissions Podcast. Losee, for those who haven’t been following MBA admissions or HBS for long, is a bit of a special case. Not only does he now lead admissions for one of the most selective business schools in the world, he was a student at that
Read more
Published: September 17, 2018
Prodigy Finance to Host Free Webinar on September 20th – “How Will You Fund Your MBA Abroad?”
Do you have questions about how you can fund your MBA abroad? Sign up for a live online info session with Prodigy Finance in partnership with Clear Admit to learn about how to finance your studies with a Prodigy Finance international student loan. We’ll cover questions like: How can I pay for my MBA as an international student? How does the Prodigy Finance process work? How much can I borrow? What will my rate be? What is the repayment process? And more… The workshop will be hosted by Magali Duque. Thursday, 20 September, 2018 10:00 a.m. Eastern Time
Read more
Published: September 16, 2018
$90 Million Raised at Michigan Ross to Support Student Scholarships
In 2013, the University of Michigan's Ross School of Business identified student scholarships as one of its top fundraising priorities. Five years later, the Victors for Michigan capital campaign has raised more than $90 million to support initiatives that will increase the number of scholarships available to students.
In the 2017-18 school year alone, 765 scholarships were awarded to Michigan Ross students. The funds will also support new and innovative outreach programs that will help make Michigan Ross more attainable for all students.
Read more
3 Myths About Student Loans – Debunked!
Sponsored Content Whether you’re taking out student loans for yourself or for your child, odds are that you’ve heard a lot of fact and fiction about the process. Here are three of the most popular misconceptions around taking out student loans. Myth #1: Interest Starts Accruing Immediately Once You’ve Booked a Loan Interest on your student loan won’t actually start accruing until after your school disburses the funds. Schools determine their loan disbursement date(s)—which are often before the first semester begins—so check with your financial aid office as this will be the date on which interest will start to accrue, and not
Read more
Georgetown McDonough Increases Veterans Graduate Program Scholarships
Starting in fall 2018, Georgetown University’s McDonough School of Business will increase its funding for veterans enrolled in graduate programs as part of the Yellow Ribbon GI Education Enhancement Program. The increase will provide students with $15,000 per year from Georgetown McDonough (up from $10,000 in previous years), resulting in a total of $30,000 annually thanks to a matching gift from the Department of Veterans.
Read more
CommonBond to Host Live Chat on the MBA Student Loan Process
Join Clear Admit and CommonBond for this free live chat session on June 12th. Questions about applying for an MBA loan? Not sure whether to apply for Federal or Private loans for b-school? Wondering how much you should take out for b-school? Register below and login on June 12th for the opportunity ask any and all questions about the MBA student loan process Keith Babich, CommonBond’s Director of Campus Relations, will be available to assist you with your questions and concerns throughout the session. Tuesday, June 12, 2018 10:00 a.m. ET Can’t Make It? Don’t worry! Sign
Read more
Clear Admit and CommonBond Host Webinar on Financing Your MBA
Are you heading off to school this fall and beginning to tackle the big issue of how to pay for it? If so, you’re in luck! We’ve just made the ‘financing the MBA’ webinar we conducted with our friends at CommonBond available online – and we highly recommend that you give it a listen. You could save yourselves a lot of headaches and some cash along the way. The webinar highlighted: How to factor in the full cost of attendance that students can expect What funding options are available How to choose a loan that is right for each student Next steps
Read more
Published: April 17, 2018
Stanford GSB Announces Financial Aid Update
Six weeks into a process to revamp financial aid protocol at Stanford Graduate School of Business (GSB), the school has shared the most recent updates in an ongoing review and re-imagining of how financial aid is awarded. The decision to reassess the process, which we covered two weeks ago, came not long after a data breach exposed that Stanford had misrepresented how it distributed financial aid. Data analysis revealed that the school had not been been awarding scholarships exclusively on the basis of need, but rather disproportionately based on other criteria including gender, immigration
Read more
Financing Your MBA, Part 4: International MBA Student Loans
In our previous post on financing your MBA, we covered loan programs for MBA students from the United States. Today, we’ll take a look at loans through the lens of international students, who face some different restrictions but who are also eligible for special programs tailored to their unique requirements. By law, federal loans can only be distributed to U.S. citizens or permanent residents. This means that international students must put extra work into finding financial aid and loan programs to support their education if they choose to pursue a U.S. MBA program.
Read more
Financing Your MBA, Part 3: Loans for U.S. MBA Students
Moving right along in our multi-part series on financing your MBA, we’ll take a look today at some of the options prospective MBA students have for obtaining loans to finance their time at business school. For the purposes of this post, we will focus primarily U.S. MBA student loan programs. International students, stay tuned for subsequent posts that will go into greater detail about loan programs tailored for your needs. Of course, because loans must ultimately be repaid—unlike scholarship or fellowship aid—deciding how much you should borrow is as important as understanding how much you can borrow. To make an
Read more
Just Got into Stanford GSB? What You Need to Know About Financial Aid
If you are among the lucky applicants who got word last week that you'd been accepted to the MBA program at Stanford Graduate School of Business (GSB), a hearty congratulations! Surely you know that you've just gotten into THE most selective business school in the world. We hope you took a little time to bask in that. Even so, if you're like most admitted MBA students, your thoughts have probably now turned to how you're going to pay for it.
We've devoted this week here on Clear Admit to financial aid—both in publishing our four-part Financing Your MBA Guide—but also in looking more closely at financial aid at a few top schools. Stanford GSB is one.
Read more
Financing Your MBA, Part 2: Where to Look for Funding
In the first of our multi-part series on financing your MBA, we took a look last week at the costs involved in attending a top-tier business school. Now, with a better handle on how much money you’ll need, let’s start looking at where that funding will come from. Students typically rely on a mixture of savings, fellowships and scholarships, employer or outside assistance, and loans to meet the cost of an MBA program. According to the GMAC 2017 Prospective Student Survey, the most recently surveyed group of prospective students expected to finance almost half their education
Read more
