Financial Aid
Most Full-Time MBA students receive loans, even if they qualify for
other types of financial aid. The University of Minnesota offers many
need- and non-need-based loan programs, administered through the Office
of Student Finance. To be considered for loan programs, you must
complete the Free Application for Federal Student Aid (FAFSA). You can
submit applications as early as January, but only after you file income
taxes. We encourage you to use the application online. If you have
questions about loan programs, visit Financial Aid — One Stop, or contact the Carlson MBA financial aid representative at 612-626-0750.
Internal Scholarship List
The Carlson School and the University of Minnesota award a number of academic merit-based fellowships and scholarships. The Full-Time MBA program automatically considers applicants for all scholarships for which they are eligible. Unless noted in the descriptions below, no special application is required for these scholarships; however, we urge candidates to submit their applications for admission by the first or second round deadlines for full consideration.
These awards are offered to top candidates from the Full-Time MBA applicant pool. The program is made possible by the Carlson School Dean's office to encourage attendance from students who will add to the high-caliber and diversity of the student body. The Dean's Fellow Scholarship Program provides a full tuition waiver as well as a stipend for living expenses.
The recipients of these scholarships are high ability students seeking admission to the Full-Time MBA program. The program is made possible by the Carlson School's leading corporate donors to encourage outstanding students to attend the school. A number of these awards are designated to high ability minority/disadvantaged candidates. The Associates program provides awards in varying amounts up to a full tuition waiver.
This scholarship is specifically for those who are currently serving in, or are veterans of, the U.S. military, this scholarship pays a stipend, in varying amounts, that can be used for any expenses related to study in the MBA program, including, but not limited to, tuition, required and optional fees, books, supplies, and living expenses.
The recipients of these scholarships are Honors seniors from the University of Minnesota seeking admission to MBA in Two. The program is made possible by the Carlson School's leading corporate donors to encourage high-achieving students to attend the school. These awards are designated to MBA in Two students. The MBA in Two Fellow Scholarship Program provides awards in varying amounts up to a full tuition waiver.
The 3M MBA Fellowships are partial to full tuition scholarships awarded to up to three recipients with a minimum amount of $10,000 per award. Preferred candidates for these awards have a science and/or engineering background and wish to participate in the Carlson Consulting Enterprise. The award is renewable for the second year as long as the recipient is enrolled in one of the Carlson Enterprises and has maintained good academic standing.
Sponsored by the Victor and Fern Bates Foundation, this scholarship is for domestic candidates who have served in the US military, and provides a stipend that can be used for any expense related to study on the MBA program, including, but not limited to, tuition, required and optional fees, books, supplies, and living expenses.
Donaldson Company, the global leader in filtration solutions, offers this scholarship in the amount $16,000 per year for domestic students interested in some aspect of the global manufacturing environment, including finance, marketing, human resources, operations, or engineering.
These fellowships are awarded to two outstanding women who show potential for business leadership or ownership. Applicants should also demonstrate a commitment to women and girls through personal mentorship or community outreach. Forté Fellows will receive a full tuition waiver as well as a variety of leadership and career development opportunities.
This scholarship provides a partial tuition waiver to international applicants who plan to pursue a career in finance.
NSHMBA is the "Premier Hispanic Organization." NSHMBA exists to foster Hispanic leadership through graduate management education and professional development in order to improve society. The NSHMBA UPP Scholarship was established to provide monetary support for outstanding students admitted to MBA programs who show potential for business leadership or ownership. Preference may be given but is not limited to students of Hispanic heritage or students with a demonstrated commitment to the Hispanic community.
This scholarship provides a partial waiver towards tuition and is awarded to a woman who has demonstrated outstanding leadership ability.
Other Financial Aid Sources
Many students opt for private and federal loans. Generally, students eligible for federal loans are guaranteed loan amounts up to the federally set cost of attendance. International students need a U.S. co-signer for student loans. Students may also be
eligible for company and individual scholarships and graduate
assistantships that require special applications. Graduate
assistantships are only available to second-year MBA students.
