Scholarship Opportunities at Chicago Booth School of Business

Chicago Booth School of Business offers various scholarships and financial aid options to help students finance their part-time MBA programs. These options include merit-based awards, fellowships, and loans, tailored to support both domestic and international students.

Merit-Based Awards

Thanks to the generosity of alumni, Booth offers a limited number of merit-based scholarships to admitted Evening MBA and Weekend MBA students. No additional application is required; decisions are based on the MBA application, and award amounts vary. Recipients are typically notified two to three weeks after being offered admission.

Forté Foundation Fellowship

These fellowships are awarded annually to students who exhibit exemplary academic, team, community, and/or creative leadership and are committed to advancing the interests of women in business. Award amounts vary, and recipients are expected to participate in Forté Foundation and Admissions recruiting events.

Kilts Marketing Fellowship

This fellowship is awarded to incoming students pursuing a career in marketing who plan to concentrate in marketing management. The award includes mentorship from senior marketing executives. No additional application materials are required.

Yellow Ribbon Program

Chicago Booth participates in the Yellow Ribbon Program, which enhances the Post-9/11 Veterans Educational Assistance Act of 2008. It allows institutions to fund tuition expenses exceeding the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are available to all qualifying veterans and are in addition to other VA programs.

Civic Scholars Program

Designed for impact-driven professionals, this selective program offers tuition awards for MBA students in the public or social sector.

The University of Chicago Obama Foundation Scholars Program

This one-year program is for students entering their final year of study at Chicago Booth, the Crown Family School, or the Harris School. It brings together an interdisciplinary group of promising UChicago scholars to gain the education, skills, relationships, and perspectives needed to tackle their communities’ most pressing challenges.

Loans for US Citizens and Permanent Residents

Evening MBA and Weekend MBA students who are US citizens or permanent residents can apply for the following loans:

• Direct Unsubsidized Loan
• Direct PLUS Loan
• Private, Credit-Based Alternative Loans

Student Loans for Part-Time MBA International Students

International students have access to multiple lending options in the private-student-loan market, whether they have a US cosigner or not. More detailed information regarding these loans and programs is available to admitted students.

Conclusion

Chicago Booth School of Business offers comprehensive financial aid options to support its part-time MBA students. From merit-based awards and specialized fellowships to federal and private loans, Booth ensures that students can make their educational investments with confidence. These financial aids not only alleviate financial burdens but also provide opportunities for professional development and networking.

For more detailed information, visit the Chicago Booth Scholarships and Financial Aid page.

FAQs

1. What scholarships are available for part-time MBA students at Chicago Booth?
   • Merit-Based Awards, Forté Foundation Fellowship, Kilts Marketing Fellowship, Yellow Ribbon Program, Civic Scholars Program, and Obama Foundation Scholars Program.
2. Do I need to submit a separate application for these scholarships?
   • No additional application is required for most scholarships, as decisions are based on your MBA application.
3. What types of loans are available for US citizens and permanent residents?
   • Direct Unsubsidized Loan, Direct PLUS Loan, and Private, Credit-Based Alternative Loans.
4. Are there financial aid options for international students?
   • Yes, international students have access to various private-student-loan options, both with and without a US cosigner.
5. What is the Yellow Ribbon Program?
   • It is an enhancement of the Post-9/11 Veterans Educational Assistance Act of 2008, funding tuition expenses that exceed the highest public in-state undergraduate tuition rate for qualifying veterans.