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Elizabeth A. Davis

Financing an MBA Education

by Elizabeth Davis Tuesday, March 31, 2015

When deciding to go back to school the cost of attendance is often at the forefront of your mind. The Wisconsin MBA has resources available to help facilitate a more in-depth conversation about paying for this professional degree.

All applicants are considered for merit-based financial aid. The Wisconsin MBA awards several different types of merit-based aid each year.  These awards are made based on an individual’s combination of standardized test scores, undergraduate performance, and career experience.  Additional criteria may be used for evaluation when necessary. Thanks to the generosity of our alumni and donors, we were able to offer over 80% of our student population some form of financial aid this academic year.

Merit-based financial aid comes in four forms:

  1. Scholarships
  2. Project Assistantships (PA)
  3. Teaching Assistantships (TA)
  4. Fellowships

These awards can range from $500–$10,000. The terms of this award will be communicated to students who are admitted to the program. PA, TA, and fellowship awards grant full tuition remission for the time a student holds that aid as well as a monthly living stipend and generous health care package. Admitted students who receive a PA or TA are required to work 13-15 hours per week in one of the Wisconsin MBA offices. This work commitment can be configured to the admitted student’s class schedule.

Determinations for merit-based financial aid are made during the application review process. No additional application is necessary. As a result, not only will a Wisconsin MBA applicant know their admissions decision at the stated notification date, but they will also know whether or not they are being offered any financial aid. Should the admitted student wish to explore other options they are, of course, welcome to work with the Office of Financial Aid.

If you have any questions about financial aid please don’t hesitate to reach out to a member of the admissions team. To be fully considered for merit-based financial aid applicants must apply by April 2, 2015.