As you are looking at potential business schools, I wouldn’t be surprised if you were researching the opportunities for earning financial aid. Prospective MBA candidates often don’t realize that it is possible to take out loans for graduate school, such as the PLUS Loans, if you are a U.S. citizen or eligible non-citizen. The majority of you are looking for ways to minimize your out-of-pocket expenses and want to know how to qualify for scholarships, fellowships, Graduate Assistantships and any other form of aid offered to MBA students.
At Fisher, all applicants who are offered admission to the MBA program are automatically considered for available merit-based aid, provided that they complete the optional video essay in this year’s application. The primary two application components used to evaluate you for merit-based aid are undergraduate GPA (and graduate/professional GPA, if available) and GMAT/GRE scores. Certainly we consider all of your other application materials as well, but grades and test scores are the two quantitative measures we have to look at academic merit for all applicants.
There are two prestigious fellowships that are awarded by The Ohio State University through a graduate school-wide competition – the University Fellowship and the Graduate Enrichment Fellowship. Applicants must meet the minimum criteria to be considered for nomination and the Fisher College of Business MBA Admissions Committee will decide which applicants to nominate.
University Fellowship eligibility criteria:
- Open to domestic and international students
- Cumulative undergraduate grade point average of 3.6 on a 4.0 scale (or equivalent on another scale)
- A 75th percentile on the GMAT total score or A 75th percentile average on the GRE Verbal and Quantitative components and a 4.0 on the Analytical Writing component.
Graduate Enrichment Fellowship eligibility criteria:
- Open to domestic students only
- Ability to bring diversity to the Graduate School (this is broadly defined and can include, but is not limited to, ethnic background, social or economic disadvantage, nominee status as a McNair Scholar, disability, or other characteristics or attributes)
- Cumulative undergraduate grade point average of 3.1 on a 4.0 scale (or equivalent on another scale)
- A 40th percentile on the GMAT total score or a 40th percentile average on the GRE Verbal and Quantitative components and a 3.5 on the Analytical Writing component.
Applicants that are nominated and selected to receive these prestigious awards will receive, at minimum, a 100% tuition and instructional fee waiver for the first year of the MBA program, an 85% subsidy on student health insurance and a generous monthly stipend of $1,700.
If you believe you are qualified to be considered for one of these awards, please plan to submit a completed application by November 15, 2014.