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How to Finance your MBA Education

While tuition costs are the number one concern of MBA-seekers, there are a lot of other costs that students must plan for when considering enrolling in an MBA program. Cost of living, textbooks, and software costs are just some of the other expenses of students in an MBA program. Students who are not going to work need to know all of the possible funding sources available to them. Consider these sources listed at MBAMap.com:

MBA Loans
There are a number of loan programs available to MBAs. Check to see if you are eligible for government-subsidized loans. Also, the GMAC has started the MBA LOANS program.

Scholarships
MBA programs have scholarship monies available for applicants fitting particular profiles.

Employers
Sometimes employers can be convinced to help support the costs of MBA programs. You may be required to work for a certain number of years for the employer after graduating in order to repay their assistance.

Savings
Many students fund part of their MBA education out of their personal savings.

Tax Breaks
Some of the money you spend on your education may qualify you for tax breaks.

Grants
A number of organizations provide grant money for students. There are a number of grant directories available in print and on the Internet.

Students who are interested in finding funding for their graduate education should start by contacting their school's financial aid office. They should be able to give you some idea of where to start on your search for funding options.


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  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Ranked among the Best Online MBA Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
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  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
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  • 100% online M.B.A. programs offered, with specializations in Business Analytics, Healthcare Administration, & Nonprofit Leadership
  • Program focuses on core competencies of Leadership, Organizational Innovation, Faith & Ethics, & Data-Informed Decision-Making
  • Courses cover topics such as Innovation, Managerial Decision-Making, Strategic Marketing, & more
  • Degree program is designed to be completed in as little as 24 months
  • Online Courses
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  • For the 12th consecutive year, Cal U was named one for the best schools in the Northeast by The Princeton Review 
  • Recognized by the U.S. News and World Report for: Best Online Programs, Bachelor’s 2017, Best Online Programs, Grad Education 2017 and Best Online Programs, Bachelor’s for Veterans 2017
  • Quality Online courses at Cal U have the same objectives, content and learning outcomes as campus-based programs and are taught by the same expert professors.
  • Offers private school amenities at a public school cost. Student-to-teacher ratio of 20:1
  • CAL U online programs complete an annual assessment of student learning to ensure outcomes are focused on your success in career entry, advancement or enhancement!
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  • Ranked among the 2015 Best National Universities by U.S. News & World Report.
  • Designated as a Military Friendly School every year since 2012 by Victory Media.
  • Offers credit for prior learning and experience through assessment tests.
  • Provides a short term Leadership Certification program in partnership with EQUIP®.
  • Accredited by the Higher Learning Commission (HLC) of the North Central Association (NCA).
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  • Founded in 1951 by World War II veteran Donald Grantham to provide affordable, higher education for service members and their families.
  • Approved by all branches of the United States Armed Forces for Tuition Assistance (TA), and for benefits payments by the Department of Veteran Affairs benefits (VA).
  • Reviews applicants’ military and professional training for possible transfer credits, and honors credit earned through successful completion of Defense Acquisition University (DAU) courses.
  • Participates in GoArmyEd, Marine Corps Academic Explorer, The Air University Associate to Baccalaureate Cooperative (CCAF), and many other virtual gateways.
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Founded in 1946 and located in the heart of central New York, Utica College is a regionally accredited, independent, private institution that features many of the advantages of a large university — such as undergraduate and graduate degree options, excellent academics, and outstanding faculty — with the intimacy and high degree of personal attention more closely associated with smaller private institutions.


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An accredited online university, Capella University offers bachelor’s, master’s/MBA, doctoral, and certificate programs designed to take you to the forefront of your profession. Our competency-based curriculum delivers foundational knowledge and real-world skills, so what you’re learning is immediately applicable to your career. Right now, more than 36,000 students are expanding their opportunities with Capella programs.

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