Scholarships for MBA Students, MBA Scholarships
Financing an MBA can be expensive and difficult to juggle with all the other financial obligations that most people have. The first factor when trying to lower the cost of an MBA program is to apply for any MBA grants that you may be eligible for. Once you have explored this area the next thing to consider are scholarships for MBA students. Although MBA scholarships, like any other college scholarships, have the same advantage as a grant in that it does not have to be repaid, there are a different set of criteria that prospective students must meet. Contrary to what many believe about an MBA scholarship, as for other degree scholarships, they are not simply for those who can not afford a college degree. Students may qualify for college MBA scholarships for a wide number of reasons such as:
- Specific social activities
- A particular major
- Race
- Athletic ability
- Religious affiliation
- Academic ability
There are many reliable college MBA scholarship websites that provide a comprehensive list of both Canadian and American MBA scholarships available for MBA students. It is always a good idea to research all MBA scholarships and grants when searching for the business schools you are considering attending. This way you will be ready to apply for MBA scholarship funding as soon as you have been accepted. There are a number of private, college and government scholarships that can be easily researched. Many are available for students attending both traditional colleges as well as those studying for online degrees. Some of the more popular MBA scholarship websites for students studying in the United States are:
- Free MBA Scholarship Search - provides a list of more than 40 scholarship search sites. Here you will be able to look for sites that best match your needs with their specific requirements.
- ScholarshipExperts.com is a useful site for both students and parents looking for college scholarship funding.
- MBA Scholarship Monkey provides a system that allows one to fill out certain personal information to help provide the best match to available scholarships. This site is designed for prospective students, students currently enrolled in college as well as parents of college students.
- CareerOneStop is a scholarship search tool sponsored by the U.S. Department of Labor and lists more than 6,000 scholarships, loans, fellowships as well as other student financial aid options.
- Collegescholarships.com gives a list of scholarships available in various categories such as:
- Regional MBA Scholarships - awarded based on where one lives
- Student Athlete Scholarships - available for those that excel in a particular sport.
- MBA Scholarships for Survivors - designed for students who are survivors of a life threatening, chronic or debilitating disease.
- Regional MBA Scholarships - awarded based on where one lives
For Canadian students searching for MBA scholarships or other Canadian college scholarships the following sites will give you more detailed information of specific criteria as well as the specific body that sponsors them. Canadian scholarships are offered by private institutions, colleges as well as by provincial or federal government departments.
- Ontario Graduate MBA Scholarship Program (OGS) is awarded to students who show excellence in a variety of graduate programs at either the master's or doctoral levels.
- Social Sciences and Humanities Research Council is a federal government program that lists numerous scholarships in a variety of categories at both the masters and doctoral level along with the specific criteria for each one.
- ScholarshipsCanada.com allows students to search for scholarships and other financial aid packages by name, field of study, school as well as specific scholarship providers.
Although enrolling in a business school to get an all important MBA can be costly, there are ways that students can drastically reduce their expenses by simply taking some time to research the many scholarships for MBA students that are available both in the United States and Canada.
