Four Tips for Financing Your MBA

Like many prospective students, you may be wondering how you’ll finance your MBA. Because we know the immense value that an MBA can add to your professional career, we want to help make the BC MBA a feasible option for you. Find out how.

If you’re interested in receiving some form of financial assistance for your MBA, we recommend that you:

1. Research scholarships. Use a database, such as Unigo, to discover scholarships that you may be eligible for. You may also qualify for one of BC’s merit-based scholarships, which can be granted in combination with a graduate assistantship. Students are considered for merit-based scholarships and assistantships at the time of admission.

2. Learn about fellowships. In addition to a monetary award, fellowships focus on your professional development and growth. The John J. McMullen Fellowship awards full-tuition remission for up to two years to graduates of the United States Naval Academy, while the Denis O’Brien, BC MBA ’82 Fellowship covers the full cost of attendance for matriculated Irish citizens.

3. Apply for financial aid. For need-based aid, complete the Free Application for Federal Student Aid (FAFSA) for the next academic year beginning January 1 (use BC’s Federal School Code: 002128). Then, apply for Boston College graduate financial aid. You may also want to enroll in alternative loan programs, such as MEFA Loans, available to graduate students who are residents of or attend college in Massachusetts, or Graduate PLUS loans.

4. Consider the benefits. With outcomes that range from career advancement to increased earnings, understand that the cost of pursuing your MBA can lead to rewarding, long-term career advantages. If you’re interested in a part-time MBA program, consider the time (and money) you’ll save by completing your MBA while you work. Not to mention, some employers offer tuition reimbursement.

We hope you’ll see that the BC MBA is not just a big investment—it’s a great one, and one that you can count on to deliver a positive return.