Financial Assistance Opportunities
Graduate business school is an investment in your career and your future, and you want to know that your investment is a solid one. Michigan Tech was recently named by Bloomberg Businessweek as a university that “packs an ROI punch.” Quite simply, our graduates get jobs, advance their careers, and find success after the MBA program.
If you need assistance in financing your degree, there are a variety of aid opportunities that you can explore.
- Graduate Teaching Assistantships (GTAs) are awarded competitively through the School of Business and Economics.
- You may be eligible for a new set of federal loans, up to $20,500 per academic year, as an independent student. For more information, contact Linda Fontaine in the financial aid office at 906-487-2622.
- National Service Graduate Fellowships (equal to approximately one-third of graduate tuition) are available to students who have provided service to the US through the military, AmeriCorps, or the Peace Corps.
- You may qualify for a tax credit and/or business deduction for work-related education. We recommend that you seek advice from a tax professional or see IRS Publication 970 (if you are currently working, see pages 77-84—Business Deduction for Work Related Education, "maintain or improve job skills").
- Consider contributing to a 529 college savings plan. In Michigan’s College Savings Plan, contributions are tax deductible up to specified limits. Withdrawals are federal and state income-tax-free when used for qualified expenses. If you are currently employed, your company may consider contributing to the 529 on your behalf.
- Financial assistance information is also available on the official GMAT website.
- Explore additional Graduate School financial aid options, including veteran's benefits and alternative loans.
The University may authorize financial aid or waive tuition and required/related fees for up to two on-campus courses per semester for individuals aged 60 years or older. Individuals who are not assessed fees are not entitled to receive any associated benefits.
Non-resident tuition for the MBA program is the same as resident tuition—a considerable savings compared to other universities. See our Graduate School resources and admissions details.