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Is financial aid available to help cover the UMass online MBA cost?

Is Financial Aid Available to Help Cover the UMass Online MBA Cost?

Are you considering pursuing an online MBA from UMass but worried about the cost? You'll be glad to know that financial aid is available to help cover the UMass online MBA cost. Here's everything you need to know about financial aid options for UMass online MBA students.

Types of Financial Aid Available

UMass offers a variety of financial aid options to help students cover the cost of their online MBA program. Some of the most common types of financial aid available include:

Scholarships Grants Loans
Merit-based scholarships Need-based grants Federal student loans
Diversity scholarships State grants Private student loans

How to Apply for Financial Aid

To apply for financial aid to help cover the UMass online MBA cost, you will need to complete the Free Application for Federal Student Aid (FAFSA). The FAFSA is used to determine your eligibility for federal student aid programs, as well as some state and institutional aid programs.

Once you have completed the FAFSA, UMass will review your financial aid application and determine the types and amounts of aid you are eligible to receive. You will then be notified of your financial aid package, which may include a combination of scholarships, grants, and loans to help cover the cost of your online MBA program.

Additional Financial Aid Resources

In addition to federal, state, and institutional financial aid programs, there are also external scholarships and private student loan options available to help cover the UMass online MBA cost. Some popular external scholarship resources for MBA students include:

  • Fastweb
  • Scholarships.com
  • The MBA Exchange

Private student loans are another option to help cover any remaining costs of your online MBA program. Be sure to research and compare different private student loan options to find the best terms and interest rates for your financial situation.

Final Thoughts

Don't let the cost of the UMass online MBA program deter you from pursuing your academic and career goals. With a variety of financial aid options available, including scholarships, grants, and loans, you can find the support you need to cover the cost of your online MBA program. Be sure to complete the FAFSA and explore all available financial aid resources to make your UMass online MBA dreams a reality.