Guide to Financial Aid for Graduate Business Students
As you start the financial aid research process, it is important to understand the various kinds of financial assistance available.
- Employer Reimbursement: While not every company offers reimbursement for tuition, fees, and other expenses, it is always good to ask. Talk to your current or expected (post-b-school) employer about options for reimbursement. If some reimbursement is possible, it should not impact your eligibility for financial aid.
- Tax Cedits for US Citizens: The US Internal Revenue Code allows tax credits and deductions that can help reduce the federal tax burden for students and those paying for higher education, including graduate business school. However, the rules are complex and unfortunately not everyone qualifies.
- Grants and Scholarships: Grants and scholarships are awarded by schools and based on merit or need. Check with each school’s admissions office for more information, though keep in mind that grants and scholarships tend to be limited for graduate students.
- Loans: There are many types of loans available for graduate business school students. Our guide will help you better understand your options and explain common terms you’ll hear.
- Federal Work Study: Some graduate business schools offer students financial aid in the form of part-time employment under the Federal Work-Study program, which help you earn money for educational expenses. It is a great way to help reduce how much you borrow for school.
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