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Financial Aid News

Published: October 31, 2016
Alumni Gift Slashes Tuition for NYU Stern Veteran, Active Duty MBA Students
After two Marine Corps deployments to Afghanistan—as commander first to a rifle platoon and second to an anti-armor platoon—Bryan Coughlin was moved to Quantico, VA, to teach leadership tactics to newly commissioned officers. After three years in Virginia, and with a growing family, Coughlin wanted to transition into finance and chose New York University’s Stern School of Business to pursue his MBA. “As a husband and father of a two-year-old son (daughter is on the way), I was very concerned about my financial situation leaving the military, and Stern eased my concerns with their participation in Read more
Published: September 20, 2016
Stanford GSB Introduces USA MBA Fellowship, Inaugural Year to Focus on Midwest
Stanford Graduate School of Business (GSB) this year has launched a new USA MBA Fellowship program, which will provide financial assistance to MBA students committed to improving economically impoverished areas in the United States. In its inaugural year, the fellowship will focus on the Midwest, covering tuition and associated fees (amounting to approximately $160,000 over two years) for students who demonstrate both financial need and a strong connection to at least one Midwestern state (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota or Wisconsin). Applicants whose level of need exceeds the fellowship amount may also be eligible for additional financial assistance to cover the full amount of the program. (Attendance for a first-year MBA student this year, inclusive of tuition and all other expenses, is an estimated $109,218.)  Read more
Published: September 15, 2016
Chicago’s McGowan Charitable Fund Announces 7th Class of Fellows
Since 2010, the William G. McGowan Charitable Fund has been naming 10 outstanding second-year MBA students as members of its annual class of McGowan Fellows. The fund was created and named in honor of William G. McGowan, an American business leader and founder of MCI Communications, following his passing in 1992. The selected fellows join a prestigious group of alumni from some of the best business schools around the United States. One fellow is chosen annually from each of 10 partner business schools. Each receives full tuition for the second year of his or her MBA studies.  Read more
Published: September 11, 2016
Yale SOM Waives Application Fees For Forté MBALaunchers, MLT MBA Prep Fellows
In the days leading up to Wednesday's first round MBA application deadline for the Yale School of Management (SOM), the school has announced a unique opportunity for all Forté MBALaunchers and Management Leadership for Tomorrow (MLT) MBA Prep Fellows. All application fees for corresponding applicants will be waived for the 2016-17 cycle. Forté MBALaunch is a 10-month preparatory program for women applying to business school, designed to help participants build a stronger support network and create a more direct path toward a successful career. Yale SOM has been a proud partner of the Forté Foundation since its founding in 2001. Since then, Forté has helped more than 5,000 women obtain more than $110 million in fellowships to apply toward business school tuition. Read more
Published: September 8, 2016
New Court Decision Allows MBA Tax Deductions
Thanks to a recent court decision in the case of Kopaigora v. Commissioner of Internal Revenue, students enrolled in an MBA program—particularly an Executive MBA (EMBA)—can now deduct more education expenses from their taxes. While the case can’t be appealed or formerly cited as precedent, there’s no doubt that the outcome will be influential for the IRS and MBA students all over the United States. Read more
Published: September 5, 2016
Prodigy Finance Launches New International MBA Scholarship Program, Five Students to Qualify for $20,000 Each
International community lender Prodigy Finance recently announced a new scholarship program for students accepted to study at U.K. and U.S. business schools. Open to all students who use Prodigy Finance to help fund their postgraduate degree in either the United States or the United Kingdom, the scholarship will provide five students with $20,000 each in funding toward their studies. To be eligible, students need to take a loan from Prodigy before November 30, 2016. “Applying to study at one of the world’s top universities is daunting, and at Prodigy Finance we are committed to making this worthwhile investment Read more
Published: August 16, 2016
Foster School MBA Offers Outstanding Value
There’s no reason a top MBA program can’t be affordable. While the average MBA student debt exceeds $100,000 for many top-ranked schools, that’s not the case at the University of Washington’s Foster School of Business. MBA graduates from the Foster School can expect just $35,104 in debt; that’s over $3,000 less than last year. And that lower debt doesn’t mean less opportunity. Foster grads have one of the highest job placement rates and highest salaries, averaging 95.6% in employment and $118,405 in earnings. The reason for the Foster School’s affordability is because the school has been able to offer more Read more
Published: July 27, 2016
Meet a Rotman MBA Alum Changing U.S. Literacy
There’s no doubt that the Rotman School of Management at the University of Toronto has an impressive list of MBA alums. The Financial Times has ranked it as the #1 Business School in Canada for the tenth year in a row, and that’s just the start. Recently, Forbes interviewed Sage Salvo, Founder of Words Liive and a Rotman MBA alum. Salvo’s story started in the D.C. Public School system where he performed well, thanks to his gifted classes. However, when he moved schools, suddenly he stopped being so engaged and almost failed 8th grade. It was all because he couldn’t connect with the school Read more
Published: June 8, 2016
Consortium Alumna’s Parents Establish $1 Million Endowment in Daughter’s Memory
It takes a special family to turn tragedy into hope and opportunity for others, but that’s exactly the kind of family Leslie Elise Adkins had. Adkins, an MBA student at the University of Southern California’s Marshall School of Business and a fellow of the Consortium for Graduate Study in Management, died on May 5, 2015, due to complications from chronic diabetes. Last week, her parents, Lynette and Kedrick Adkins, established a $1 million scholarship endowment through the Consortium in her memory. Read more
Published: April 3, 2016
McDonough to Offer Scholarships to Returned Peace Corps Volunteers Pursuing an MBA
The Peace Corps has selected Georgetown University’s McDonough School of Business to join a fellowship program that provides financial support to returned Peace Corps volunteers pursuing graduate degrees at a select number of U.S. schools, McDonough announced today. Through the Paul D. Coverdell Fellowship Program, returned Peace Corps volunteers who apply and are admitted to McDonough’s full-time MBA program receive significant tuition scholarships, can apply for additional graduate assistantships and will complete internships in underserved American communities, where they can put to use and expand upon the skills they learned as volunteers. Read more
Published: March 8, 2016
Clear Admit and Prodigy Finance Host Webinar on Financing Your MBA Abroad
Late last month, Clear Admit teamed up with community-funded loan provider Prodigy Finance to share information and answer questions as part of a free webinar for prospective MBA students looking to study outside of their home country. We were pleased to draw 70 registrants for the February 24th webinar, and participants took part in a lively Q&A session at the conclusion of the presentation. Today we’re going to recap some of the key points for anyone who may have missed out. Read more
Published: December 28, 2015
The Consortium: Promoting Minorities in American Business and Business Schools for 50 Years
This post has been republished in its entirety from its original source, metromba.com. Fewer than 8 percent of the 10,000 MBA students who graduate from top-tier business schools are African-American, Native American or Hispanic American. And according to a recent BloombergBusiness article, "corporate recruiters consistently bemoan the lack of qualified candidates of color, and they’re willing to pay a premium to nonwhite (and non-Asian) new hires." In fact, among American MBA candidates, African-Americans and Hispanics who accepted jobs by April 2014 earned around $2,000 more per year than white and Asian grads, BloombergBusiness reports. Read more
Published: December 20, 2015
An In-Depth Look at the Forté Foundation for Women MBAs
This post has been republished in its entirety from its original source, metromba.com. According to Catalyst.org, women make up only 36.5 percent of MBAs earned in the United States. Even worse, a landmark study by the University of Michigan Business School revealed that women make up less than 17 percent of corporate board members in America’s 500 largest companies. The Forté Foundation is working to change those numbers. It's a non-profit consortium dedicated to launching women into fulfilling, significant careers through access to business education, opportunities and a community of successful women leaders. Read more
Published: November 29, 2015
Saïd Business School Bestows Second MBA Scholarship for Women
This post has been republished in its entirety from its original source, metromba.com. María Belén Muñoz Toro, a Chilean student who will enter Oxford University’s Saïd Business School in January 2016, was awarded the second Oxford Executive MBA Scholarship for Women. Oxford Saïd offers the scholarship in association with the 30% Club, an organization that works to promote gender diversity on corporate boards. Toro is a product supply manufacturing site leader and initiative manager at Proctor and Gamble’s Prestige Fragrances. Read more
Published: November 3, 2015
GMAC Launches New Tuition Assistance Tool to Help MBA Applicants Research Financial Aid
The Graduate Management Admission Council (GMAC), which owns and administers the GMAT entrance exam for business school admissions, has launched a new interactive tool designed to help prospective MBA applicants better understand the types of financial aid and tuition assistance offered by business schools in different regions of the world. GMAC designed the tool using survey data collected from 92 business schools as part of its 2015 Application Trends Survey. Prospective GMAT test-takers worldwide cite the challenges of financing the MBA as by far the greatest obstacles to pursuing the degree, according to GMAC’s 2015 Prospective Students Survey Report. Nearly half (49 percent) cite the fact that a graduate business degree requires more money than is available as a major reservation, and 44 percent say the same about the prospect of incurring large financial debt as part of obtaining the degree.   Read more

MBA Applywire

5
December 21, 2024 12:13pm ET
Applying: Dartmouth / Tuck, Northwestern / Kellogg, UPenn / Wharton, UT Austin / McCombs, UVA / Darden
Intake Year: 2025
Pre-MBA Career: Military/Corporate Logistics
Post-MBA Target Industry: Consulting Companies: Bain , BCG , McKinsey
GRE: 302
GPA: 3.63
Years of Work Experience: 9
Notes:

Submitting for R2, but retaking GRE after application deadline. Military Vet with Corporate experience.
8
December 20, 2024 5:17pm ET
Applying: Columbia, Duke / Fuqua, Harvard Business School, MIT Sloan, Northwestern / Kellogg, Stanford GSB, U. Chicago Booth, UPenn / Wharton
Intake Year: 2025
Pre-MBA Career: Healthcare
Post-MBA Target Industry: Consulting Companies: Bain , BCG
GRE: 332
GPA: 3.5
Years of Work Experience: 3
Location: Florida
Post MBA Location: Consulting
Notes:

25F, lgbtq, 3 years as a registered nurse. also have started working for an early stage VC in the past several months.
2
December 19, 2024 4:44pm ET
Applying: Berkeley / Haas, Stanford GSB
Intake Year: 2025
Pre-MBA Career: Insurance
Post-MBA Target Industry: Entrepreneurship
GRE: 318
GPA: 3.59
Years of Work Experience: 3.5
Location: Georgia
Post MBA Location: Southeast
Notes:

Looking to launch a tech startup post MBA, without any background in tech. Come from a quant heavy background and undergraduate coursework. I regularly attended admissions events, in person and online at my schools. I hope that focusing energy on my few top schools and spending a lot of time on essays will help me overcome the less than average test score (164 quant 154 verbal) and GPA.

Serial entrepreneur with a history of profitable small businesses. Was promoted twice in 3.5 years. Involved in many extracurricular activities in and outside of work. My background is very centered around financial services/insurance, is this a red flag for a pivot to Tech Entrepreneurship?

Transferred between two state schools in the southeast. School I graduated from is a top 25 undergrad business program. Obtained a few professionals designations post grad.
3
December 18, 2024 11:38am ET
Applying: Michigan / Ross, UNC Kenan-Flagler, Vanderbilt / Owen
Intake Year: 2025
Pre-MBA Career: Held various positions in Finance and Accounting in a healthcare institution
Post-MBA Target Industry: Consulting, Other Companies: BCG , Deloitte , Other
GPA: 3.0
Years of Work Experience: 11
Location: International
Notes:

I am passionate about healthcare enhancing patient quality care. So exploring in that field is what I would love. Got a 72k scholarship from Vandy and named Forte Fellow. UNC 50k. I'm having a hard time deciding though my heart is leaning towards Owen
3
December 18, 2024 10:23am ET
Applying: Arizona State / W.P. Carey, Indiana / Kelley, Ohio State / Fisher
Intake Year: 2025
Pre-MBA Career: Facility management
Post-MBA Target Industry: Consulting
GRE: 309
GPA: 2.8
Years of Work Experience: 3
Notes:

Graduate GPA -3.869
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MBA LiveWire

December 21, 2024 8:37am ET
Accepted to Duke / Fuqua
Round: Round 1
Received via phone on December 11, 2024
GMAT: 675
Program Type: Traditional Two-Year
Target Career: Consulting
December 21, 2024 2:38am ET
Waitlisted at Duke / Fuqua
Round: Round 1
Received via phone on December 10, 2024
GPA: 3.27
GMAT: 760
Program Type: Traditional Two-Year
Target Career: Finance
Application Location: CA
December 20, 2024 11:16pm ET
Accepted to Babson / Olin
Round: Round 1
Received via email on December 17, 2024
GPA: 3.9
Program Type: Traditional Two-Year
Target Career: Consulting
Application Location: South Asia
December 20, 2024 7:50pm ET
Accepted to Columbia
Round: Round 1
Received via portal on December 10, 2024
GMAT: 750
Program Type: Traditional Two-Year
Application Location: India
Note:

$100k scholarship
December 20, 2024 3:21pm ET
Accepted to Yale SOM
Round: Round 1
Received via email December 20, 2024
GPA: 4.0
GMAT: 750
Program Type: Traditional Two-Year
Note:

100% scholarship
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