Financial Aid
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MBA Program Costs & Financing Guide.
Published: April 25, 2013
Stanford Graduate School of Business Announces New Africa MBA Fellowship Program
Citizens of African countries who are admitted to the Stanford Graduate School of Business (GSB) MBA program and can demonstrate financial need are now eligible for a new $140,000 fellowship, the school announced earlier this month.
The Stanford Africa MBA Fellowship Program is part of an effort by the school to contribute to Africa’s human and economic development by educating leaders who are committed to making an impact on the continent, according to a recent post on the Stanford MBA Admissions blog. “This fellowship program is a critical step toward removing any financial barrier,” wrote admissions blogger Victoria Hendel de la O.
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Published: April 21, 2013
Alternative Lenders Could Offer New Options for Foreign Students at U.S. Business Schools
Private student lending shrank sharply during the financial crisis, and though traditional lenders have cautiously returned to making loans to U.S. citizens, non-Americans looking to attend business school in the United States often are hard-pressed to find financing options that don’t require a U.S. co-signer. But according to a recent article in the Financial Times, peer-to-peer lenders and crowdfunding start-ups could present new opportunities for foreign students.
One peer-to-peer lender, SoFi, which hopes to lend $1 billion this year, has been in discussions with several U.S. business schools about extending loans to foreign students that would be funded by alumni from their home country, the FT reports. Meanwhile, Pave, a crowdfunding start-up that lets students raise money from backers in exchange for a share of future income, is also considering expanding to other countries, the FT adds.
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Published: April 17, 2013
Boston Consulting Group MBA Diversity Scholarship Deadline Approaches, April 21st
As part of a commitment to attracting talent from different backgrounds and ethnicities, Boston Consulting Group (BCG) features an MBA Diversity Scholars program, which awards outstanding minority MBA applicants with funds to support their graduate management education as well as a summer internship at BCG between their first and second years at business school. The deadline to submit applications is Sunday, April 21st.
“We believe that a diverse organization—in terms of people, perspectives, backgrounds, and experiences—differentiates us and drives our advantage. Consequently, we place tremendous emphasis on attracting, developing and retaining diverse talent at BCG,” reads the BCG website.
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