To help you make that initial investment, we offer part-time MBA scholarships, federal loans for US citizens and permanent residents, private loans for both domestic and international students, and veterans benefits. In addition, we lock your tuition for four consecutive years at the rate it was when you started. Here’s a look at the options.
Booth offers a variety of merit-based scholarships to promising students across its degree programs, thanks to the generosity of its alumni. There is no formal application process for these awards, as all applicants are considered based solely on the information provided in their application. Scholarship decisions are based on factors including academic merit, prospective concentration, the quality of the interview, competitiveness, career goals, and life experiences. Award amounts and notification timelines vary by program, with some recipients being notified at the time of admission and others shortly thereafter. Early application may provide a greater range of scholarship availability.
Chicago Booth is delighted to participate in the Yellow Ribbon Program, an enhancement of the Post-9/11 Veterans Educational Assistance Act of 2008, which allows institutions of higher learning in the United States to fund tuition expenses that exceed the highest public in-state undergraduate tuition rate. Yellow Ribbon awards are not scholarships and are available to all veterans at Chicago Booth who qualify under the Veterans Affairs guidelines. The Yellow Ribbon awards are in addition to other VA programs. You can find the application through the University Registrar.
The Civic Scholars Program offers a full-tuition scholarship for Evening and Weekend MBA applicants committed to public- or social-sector careers.
Civic Scholars Program Scholarship
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 and eligible UChicago scholars to gain the education, skills, relationships, and perspectives needed to tackle their communities’ most pressing challenges.
The University of Chicago Obama Foundation Scholars ProgramEvening MBA and Weekend MBA students who are US citizens or permanent residents are eligible to apply for the following loans.
The Direct Unsubsidized Loan is a federal student loan available to US citizens and US permanent residents who enroll in at least 200 units each quarter. This loan, which is not credit-based, carries a fixed interest rate and has an annual borrowing limit of $20,500.
A credit-based federal loan, the Direct PLUS Loan can be used to supplement the Direct Unsubsidized Loan. It is available to US citizens and US permanent residents who enroll in at least 200 units each quarter, and the interest rate is fixed. Students can borrow up to the full cost of attendance (which is set by Booth Financial Aid) minus any other financial assistance.
All students may apply for private, credit-based alternative loans. Students can borrow up to the full cost of attendance (which is set by Booth Financial Aid) minus any other financial assistance. Private-loan terms are set by the lender.
All international students—those who have access to a US cosigner and those who do not—have multiple lending options in the private-student-loan market. More detailed information regarding these loans and programs is available to admitted students.
You can review the loan policy for Chicago Booth in the loan policy documentation.
Questions about the Evening MBA and Weekend MBA Programs? Contact our admissions team. We look forward to hearing from you!
Phone: 312.464.8700
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