Students today can attend graduate school on campus in traditional classrooms and lecture halls, or they can attend some or all their courses online. Online attendance can reduce some of the costs of graduate study because students can stay at home. Online students can continue to work at their jobs, operate businesses, and maintain other obligations. They must still cover the costs of tuition and fees like other students. Scholarships, grants, and fellowships can reduce the out-of-pocket costs for online MBA students. For some students grants, scholarships, and fellowships can cover all the costs of the MBA.
Scholarships, grants, and fellowships are unlike most loan programs because they do not require repayment. Some federal loans such as the Perkins or Stafford programs offer low interest, deferred repayment, and potential for forgiveness. However, scholarships never need repayment, and they can cover nearly every school-related expense.
The MBA is a flexible degree, and schools offer concentrations that can provide an advantage for jobs after graduation. Among the avenues for scholarships, fellowships, and grants are specific fields of MBA education. Students interested in healthcare can seek scholarships aimed at increasing the number of MBAs in that concentration and in the field.