Accredited Online MBA Scholarships and Financial Aid Opportunities (2025)

An MBA can be expensive, but scholarships and financial aid can lighten the load.

Here’s your 2025 guide to the top ways to fund your accredited online MBA degree without going broke!

1. University-Specific Scholarships

Many online MBA programs offer exclusive scholarships for enrolled students:

  • University of North Carolina: MBA Fellowship Programs

  • Indiana University: Kelley School of Business Scholarships

  • Arizona State University: W.P. Carey Scholarships

Always check the financial aid page of your target school!

2. Merit-Based Scholarships

Based on:

  • GPA

  • Test scores (GMAT/GRE)

  • Leadership experience

  • Community involvement

Higher academic excellence = Higher chances of free money!

3. Need-Based Financial Aid

Fill out the FAFSA (Free Application for Federal Student Aid) to qualify for:

  • Federal Grants

  • Subsidized Loans

  • Work-Study Programs

✅ Pro Tip: You can complete FAFSA even as an online student.

4. Employer Tuition Reimbursement

Many companies will pay part or all of your MBA tuition if:

  • Your degree aligns with your job role

  • You agree to work for a few years post-graduation

Examples:

  • Deloitte

  • Amazon

  • Goldman Sachs

5. External Scholarships

Independent organizations offer scholarships too:

  • Forté Foundation (for women in business)

  • National Black MBA Association

  • Reaching Out MBA (for LGBTQ+ students)

Conclusion

An online MBA doesn't have to drain your savings.
With a little research and proactive application, you can secure funding and focus on what matters most: your education and career success.

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