Burberry

Paying for Business School

Business school is a major investment—of both your time and resources

—and almost every student needs some form of financial assistance at

some point in their academic career. Don't make the mistake of thinking

that you won't need financial aid, or just assume that you won't be

eligible for it.

Do yourself the favor of avoiding financial difficulty during business

school. Start your financial planning from the very beginning.

What are your options?

Ambitious students turn to gift aid, such as scholarships and

fellowships, and working aid, such as assistantships, to obtain funding

that they don't have to repay. These are most often based on an

applicant's academic record, including GMAT* scores. A high GMAT

score can increase your chances of earning merit-based aid!

Loans can be an important resource for funding your education. You can

apply for federal loans, including the Stafford and Perkins, or find

private loans from banks. But remember: Loans need to be paid back.

How do you qualify?

Some programs award financial aid based solely on a student's need,

while others are based solely on merit. But there are also some that are

based on a combination of both. Under many scholarship programs, for

example, selection of the recipient is based on merit, but the award

amount will depend on need.