Affording Your MBA

Scholarships are awarded after candidates are admitted. All full-time MBA students are eligible to apply to be considered for scholarships. Admitted students should follow the steps which are listed on their portal.

We consider our scholarship process to be “merit plus” – driven largely by the merits of your candidacy, but also informed by the circumstances of your achievements and your potential contributions to our community. In making scholarship decisions, we look at many of the same things that we do in making admissions decisions, but we know that additional considerations may be relevant to your scholarship award that did not factor into your offer of admission. That’s why we separate these processes into two distinct steps – to give you every opportunity to present the considerations that are most relevant to your individual circumstances so that we can have the fullest information possible in making scholarship awards. 

Most scholarships are awarded for both years of the MBA program, unless otherwise stated. Joint-degree students receive aid from the schools in which they are in-residence each semester and should consult with financial aid officers at both schools before enrolling in the program.

The Financial Aid Office recommends that students research through different outside scholarships that they may be eligible for. Our team has created a filterable scholarship database, that allows you to filter by industry, region, population, etc., and is a great resource to assist you in finding external sources to finance your education.

The Yale School of Management Loan Forgiveness Program was the first program of its kind and has provided a model for similar programs at business schools. Since its establishment, the school has provided more than $12 million in support to over 400 alumni around the country. It is the most generous loan forgiveness program among business schools.

The Yale SOM Entrepreneurial Fellowship will allow students to defer their student loan payments for the first two years after graduation. The school pays the interest accruing on the loans, up to $7,000/year. The goal is to help entrepreneurs funnel more time and money into their startups during the critical early years.

For most students, educational loans represent a significant portion of financial aid. You can view information on federal, private, and international loans on the student loans page.

As a token of our appreciation for your service, we waive the application fee for all U.S. Military applicants. To request a waiver, contact the Admissions team of the program to which you’re applying before submitting your application.

We have put together additional information on all military financial aid programs online and hope you will use this information as you substantially reduce the cost of your degree.