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Graduate School Scholarships & Student Loans | UM School of Business

Federal Student Loans

Federal student loans are one of the most vital resources U.S. citizens can use to finance higher education. Fixed interest rates and flexible repayment options make these loans more attractive than most private ones. Which federal loan requires a credit check? And how much can you borrow? HowToMBA’s article on Federal Loans  will answer these questions, as well as explain the Free Application for Federal Student Aid (FAFSA).


Private Student Loans 

Building a portfolio with multiple types of loans will allow you to pay off your debt strategically, by responding to fluctuations in interest rates. HowToMBA’s article on Private Loans will explain the basics, as well as provide advice on how to compare interest rates and find the right loan for you.


MBA Scholarships 

External organizations offer a number of grants and scholarships to help students fund their MBA costs. There are a number of online resources that can help you in your search. Funding sources may include those from countries of citizenship, religious and/or fraternal organizations, clubs, athletic groups, veterans’ groups, ethnic groups, unions, employers, and charitable foundations.

Online resources include:



Company Sponsorship

Many corporations may be willing to fund the education of their employees — but how do you talk to your boss about financing your education?  Start by finding out how your organization handles such requests. Once you know the process, prepare your request framed in terms of your organization’s interests. HowToMBA’s article on Asking Your Company to Sponsor Your MBA explains how to prepare a formal proposal, as well as how to evaluate a sponsorship offer from your employer.


Military MBA Funding

The Post-9/11 GI Bill entitles eligible veterans of the wars in Iraq and Afghanistan to affordable public higher education, or an equivalent quantity of funding to attend a private institution. The Yellow Ribbon Program provides additional funding for fully eligible veterans attending participating schools. You can learn more about the eligibility requirements, the specifics of these programs and other sources of funding available to veterans here.


Post-9/11 GI Bill

The Post-9/11 GI Bill may provide full tuition for eligible veterans to attend public institutions of higher education. For veterans enrolling at private institutions, the GI Bill covers tuition up to the cost of the most expensive in-state public university. In addition to tuition, the bill may also provide stipends for housing and books.


Yellow Ribbon Program

The Yellow Ribbon Program is a provision of the Post-9/11 GI Bill that may provide additional funding for eligible veterans enrolling in participating private schools. Under the Yellow Ribbon Program, the school provides a set amount of funding to veteran students and the Department of Veterans Affairs matches that amount dollar for dollar. These funds are in addition to the funds provided by the Post-9/11 GI Bill.


Financial Aid for International Students

International students do not have access to U.S. federal student loans, but may be able to obtain private loans with a cosigner or the help of your business school. You may also have access to financial support from the government or financial institutions in your home country. Business schools and international NGOs also offer a variety of scholarships and fellowships to international students. And the U.S. government does provide limited financial aid to students from particular countries. Learn more about your options for financing you MBA in the U.S. here.

 

Scholarships

For Hispanic and Latino Candidates

Title: General College Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $1,000-5,000
Who’s it for? Hispanic citizens or permanent residents of the United States planning to enroll in a full-time degree program with a GPA of at least 3.00. Must file FAFSA.
Description: This scholarship is designed to aid Latino students in acquiring higher education, and is awarded on a competitive basis.

Title: Budweiser World Cup Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $2,500
Who’s it for? Hispanic citizens or permanent residents of the United States planning to enroll in a full-time degree program with a GPA of at least 3.00. Must file FAFSA.
Description: This scholarship is awarded competitively to Latino college students who excel in their academic work.

Title: Gold Standard Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $10,000
Who’s it for? Hispanic citizens or permanent residents of the United States planning to enroll in a full-time degree program with a GPA of at least 3.00. Must be a resident or student in Chicago, Los Angeles, New Orleans, New York City, Boston, or Detroit. Must file FAFSA
Description: This scholarship is awarded to students who demonstrate leadership qualities by serving their communities, in addition to excelling academically. In addition to the $10,000 scholarship, winners have a chance to win an additional $30,000 scholarship awarded during at a national NBA event.

Title: Staples Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $2,500
Who’s it for? Hispanic citizens or permanent residents of the United States planning to enroll in a full-time degree program with a GPA of at least 3.00. Must be studying a field related to business, finance, or administrative management. Dependents of Staples employees favored. Must file FAFSA.
Description: Scholarships awarded competitively to junior and senior college students and graduate students. Includes an opportunity to intern at Staples.

Title: HACEMOS Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $1,500-2,500
Who’s it for? Hispanic citizens or permanent residents of the United States under the age of 24 planning to enroll in a full-time degree program with a GPA of at least 3.00. Some geographical restrictions (see website for details). Also open to HACEMOS dependents, regardless of heritage. Must file FAFSA.
Description: Scholarship designed to aid outstanding students of Hispanic heritage and dependents of HACEMOS members in completing higher education. HACEMOS is the national Hispanic/Latino employees association of AT&T.

Title: Inspiring Women Award
Affiliated Organization: Hispanic Scholarship Fund
Amount: $15,000
Who’s it for? Female Hispanic citizens or permanent residents of the United States planning to enroll in a full-time degree program with a GPA of at least 3.00. Must demonstrate leadership qualities, have service experience, and have a permanent address in NY, NJ, or CT. Must file FAFSA.
Description: The WNBA’s Inspiring Women Award honors women who inspire and aid other women in all endeavors. The award is presented at a special luncheon in March attended by female leaders from the public, business, sports and arts sectors.

Title: Nissan North America Inc. Scholarship
Affiliated Organization: Hispanic Scholarship Fund
Amount: $2,500
Who’s it for? Hispanic citizens or permanent residents of the United States enrolled in a full-time degree program in business or engineering with a GPA of at least 3.00. Must have a permanent address or attend an institution in Chicago, Dallas, Denver, Los Angeles, Miami / Ft. Lauderdale, Nashville, New York / New Jersey, San Diego, San Antonio, or Washington D.C. Must file FAFSA.
Description: This scholarship is awarded to outstanding college students studying business or engineering in select geographical locations.

Title: Association of Latino Professionals in Finance and Accounting
Affiliated Organization: ALFPA
Amount: $1,250-10,000
Who’s it for? Hispanic U.S. citizens or permanent residents studying business, finance, or accounting with
a GPA of 3.00. Must demonstrate financial need
Description: The ALPFA awards $150,000 in scholarships yearly, mostly in the amounts of $1,250-1,500. The 50 top candidates also win an invitation to ALPFA’s national conference with all expenses paid. Top candidates may also be eligible for scholarships up $10,000.

Title: National Society of Hispanic MBAs
Affiliated Organization: NSHMBA
Amount: $2,500-10,000
Who’s it for? Hispanic US citizens or permanent residents planning to enroll in an MBA program, with a GPA of 3.00 or two years’ work experience and a GPA of 2.75. Must have a NSHMBA membership.
Description: The NSHMBA exists “to foster Hispanic leadership through graduate management education and professional development.” The scholarship includes an additional $250 allowance for travel and lodging expenses to attend NSHMBA’s annual conference.

Title: Programa Crédito Beca
Affiliated Organization: COLFUTURO
Amount: $25,000 - $50,000
Who’s it for? Colombian nationals accepted for a full-time graduate program. Must have an undergraduate degree and proficiency in a second language.
Description: This scholarship is awarded to Colombian professionals interested in obtaining their master’s or doctorate degree in any field, including health. This is a unique form of financial aid in Colombia that allows students to take out a loan and receive 25% to 50% scholarship from the total loan amount.  

Title: Programa de Crédito-beca para Postgrados en el Exterior (PCB)
Affiliated Organization: Fundación GuateFuturo
Amount: $25,000 - $50,000
Who’s it for? Guatemalan nationals residing in Guatemala, having studied at a Guatemalan university or having worked in Guatemala for at least two years. Must have an undergraduate degree and be accepted for a graduate program abroad. Must be proficient in the language of the country where the program takes place.
Description: This scholarship is awarded to Guatemalan nationals accepted for a graduate program abroad and is based on merit. This form of financial aid allows students to take out a loan and receive 25% to 50% scholarship from the total loan amount.

Title: President of the Republic Scholarships
Affiliated Organization: National Program of Scholarships and Education Loans (PRONABEC)
Amount: 100% cost of tuition and board, airfares, monthly stipend, health insurance, and other expenses determined by PRONABEC
Who’s it for? Peruvian nationals residing in Peru. Must have an undergraduate degree and be accepted for a graduate program. Must be at least 33 years of age.
Description: This scholarship is awarded to Peruvian nationals accepted for a graduate program. This form of financial aid covers 100% cost of tuition and board, airfares, monthly stipend, health insurance, and other expenses determined by PRONABEC.

For Black Candidates

Title: NBMBAA Graduate Scholarship Program
Affiliated Organization: National Black MBA Association Inc.
Amount: $1,000-15,000
Who’s it for? Members of NBMBAA enrolled or planning to enroll in full-time MBA programs in the U.S. or Canada.
Description: Scholarship awarded to individuals who excel academically, demonstrate strong communication skills, community involvement, and leadership qualities.

Title: NBMBAA Collegiate Chapter Scholarship
Affiliated Organization: National Black MBA Association Inc.
Amount: $5,000
Who’s it for? Members of NBMBAA enrolled in full-time undergraduate programs who are also active members of a NBMBAA collegiate chapter
Description: Scholarship awarded to individuals who excel academically, demonstrate strong communication skills, community involvement, and leadership qualities.

Title: NABA Scholarship
Affiliated Organization: National Association of Black Accountants
Amount: $1,000-10,000
Who’s it for? Ethnic minorities enrolled in full-time business programs who meet a minimal GPA requirement.
Description: NABA awards 40-70 scholarships annually, totaling around $500,000, to deserving minority students studying business.

Title: Toigo MBA Fellowship
Affiliated Organization: Robert Toigo Foundation
Amount: $2,500
Who’s it for? Ethnic minorities applying to or accepted into an accredited U.S.-based two-year MBA, JD/MBA, Masters in Real Estate, or Masters in Finance program. Must be a U.S. citizen or permanent resident.
Description: According to its website, “The Toigo MBA Fellowship provides minority MBA candidates committed to careers in finance with an unmatched network of contacts, a prestigious point of difference in the eyes of employers, one-on-one career guidance, leadership training, a merit award—and more.”


For Female Candidates

Title: Career Development Grant
Affiliated Organization: American Association of University Women
Amount: $2,000-12,000
Who’s it for? Women with bachelor’s degrees looking to advance careers, change careers, or return to the work force through higher education. Preference given to women of color, women pursuing their first advanced degree, and women pursuing work in non-traditional fields.
Description: According to its mission statement, “AAUW advances equity for women and girls through advocacy, education, philanthropy, and research.”


For Green Card Holders and First Generation Americans

Title: The Paul & Daisy Soros Fellowships for New Americans
Affiliated Organization: The Paul & Daisy Soros Fellowships for New Americans
Amount: up to $90,000 over two years
Who’s it for? Green card holders and children of naturalized citizens in first or second year of graduate study or preparing to enter graduate school and under 31 years of age. Selection based on creativity, originality, initiative, sustained accomplishment, and commitment to the U.S. Constitution and Bill of Rights.
Description: According to its website, “The program is established in recognition of the contributions new Americans have made to American life and in gratitude for the opportunities the United States has afforded the donors and their family.”


For LGBT Candidates

Title: Point Foundation Scholarship
Affiliated Organization: Point Foundation
Amount: Varies (average $10,000)
Who’s it for? LGBT students who excel academically, demonstrate leadership qualities, have contributed to the LGBT communities, and have been economically disadvantaged or otherwise marginalized.
Description: Point Foundation provides financial support, mentoring, leadership training and hope to meritorious students who are marginalized due to sexual orientation, gender identity or gender expression.


For Candidates Pursuing a Specialization in Health Care Management

Title: HIMSS Foundation Scholarships
Affiliated Organization: Healthcare Information and Management Systems
Amount: $5,000
Who’s it for? Members of HIMSS pursuing degrees related to the health care information or management systems field.
Description: Winners also receive an all-expenses paid invitation to HIMSS’s annual conference.

Title: Cathy L. Brock Scholarship
Affiliated Organization: Institute for Diversity in Health Management
Amount: $1,000
Who’s it for? U.S. citizens enrolled in graduate health care administration or comparable degree programs (including MBA programs). Must excel academically and demonstrate commitment to community service and financial need.
Description: This scholarship recognizes graduate student leaders of ethnically diverse backgrounds preparing to enter the health care administration field.

Title: Elliot C. Robert’s Scholarship
Affiliated Organization: Institute for Diversity in Health Management
Amount: $1,000
Who’s it for? U.S. citizens enrolled in graduate health care administration or comparable degree programs (including MBA programs). Must excel academically and demonstrate commitment to community service and financial need.
Description: This scholarship recognizes graduate student leaders of ethnically diverse backgrounds preparing to enter the health care administration field.

 

For Candidates Pursuing a CPA License 

Title: AICPA/Accountemps Student Scholarship
Affiliated Organization: American Institute of CPAs
Amount: $2,500
Who’s it for? Must have completed some accounting-related undergraduate work, have applied to or be enrolled in accounting-related graduate program, plan to pursue CPA licensure, have a 3.0 GPA, and hold AICPA membership.
Description: The AICPA/Accountemps Student Scholarship program provides financial assistance to outstanding accounting students who demonstrate potential to become leaders in the CPA profession.

Title: AICPA Scholarship for Minority Accounting Students
Affiliated Organization: American Institute of CPAs
Amount: $1,500-3,000
Who’s it for? Minorities underrepresented in the accounting field. Must have completed some accounting-related undergraduate work, have applied to or enrolled in accounting-related graduate program, plan to pursue CPA licensure, have a 3.3 GPA, and hold AICPA membership.
Description: The AICPA Scholarship for Minority Accounting Students provides financial awards to outstanding minority students to encourage their pursuit of accounting as a major and their ultimate entry into the profession.

Title: QS Community Scholarships for MBA and Postgraduate Studies
Affiliated Organization (if applicable): QS: The Leading Site for Masters and PhD Applicants
Amount: $2,000
Who’s it for?  Must have attended a QS World MBA Tour or a QS World Grad School Fair and completed a QS Applicant Survey. Must win admission to a graduate school participating in the tour and submit an essay on the topic “Where I have given back my time and talent to my community and how it made a difference” (max. 750 words).
Description: Awarded to five charismatic individuals who excel in socially responsible leadership.

Title: QS Scholarships for Academic Excellence – for Masters and PHD Studies
Affiliated Organization (if applicable): QS: The Leading Site for Masters and PhD Applicants
Amount: $10,000
Who’s it for?  Must have attended a QS World Grad School Fair and completed a QS Applicant Survey. Must win admission to a graduate school participating in the tour and submit an essay.
Description: Awarded to one individual each year who demonstrates academic excellence.

Title: QS Leadership Scholarship for MBA and Postgraduate Studies
Affiliated Organization: QS: The Leading Site for Masters and PhD Applicants
Amount: $10,000
Who’s it for? Must have attended a QS World Grad School Fair and completed a QS Applicant Survey. Must win admission to a graduate school participating in the tour and submit an essay on the topic, “Where I have demonstrated responsible leadership or innovation and how it made a difference (either in my community or in my work)” (max. 750 words)
Description: This scholarship is awarded to one MBA applicant and one postgraduate applicant who each demonstrate exceptionally strong leadership potential and innovative thinking.

Title: Peter and Alice von Loesecke Scholarship Foundation
Affiliated Organization: The MBA Tour
Amount: $20,000
Who’s it for? Applicants must be accepted to and nominated for the scholarship by a business school they visited on The MBA Tour.
Description: This scholarship is designed for students who wish to return to their home country to grow a family business, to create a socially responsible entrepreneurial venture, to work for an international lending organization providing loans for projects in developing countries, or a former volunteer or employee of a service organization.

    School of Business Administration
    P.O. Box 248027, Coral Gables, Florida 33124-6520
 
 
TEL: 305-284-4643
FAX: 305-284-6526
 
GRADUATE: 305-284-2510
UNDERGRADUATE: 305-284-4641