Each year the MBA program awards financial aid to over 100 students through Academic Talent Tuition Waivers, loans, and Graduate Assistantships.

For more information follow the links below:

Graduate Assistantships (GA)

The Illinois State MBA Program offers a graduate assistantship (GA) to a select group of high-achieving students.

Graduate assistantships are university appointments that give students an opportunity to work with faculty members and provide a method of funding graduate studies. They are an excellent opportunity for gaining experience and academic growth in the College of Business Departments of Accounting, Finance-Insurance-Law, Management, and Marketing. More...

Scholarships

There are five scholarships that apply directly to the MBA program at Illinois State University:

• The MBA Program is pleased to announce the Robert Crowell MBA Endowed Scholarship Fund, which was recently created with a generous endowment from one of our alumni, Mr. Robert Crowell (MBA ’95). The winner of this scholarship will receive a plaque and a $750 award which can be used to cover the student’s tuition and fees.  We encourage qualified students to view the qualifications and apply for this scholarship.

• Katie School of Insurance and Financial Services Scholarship

• Black Graduate Student Association Julie Visor Book/Supplies Scholarship

• McHenry Scholarship

• Dr. Judith Joan Smithson Scholarships for Graduate Students with Disabilities

Tuition Waivers

The University allocates funds to supplement tuition for graduate students.

Each semester a limited number of Academic Talent Tuition Waivers are awarded to domestic M.B.A. students. These awards cover all or part of the tuition, but students are responsible for fees.

Awards are based on an applicant's academic credentials at admission and academic record in the M.B.A. program.  Effective fall 2011 semester, the minimum credentials are as follows.

• For new incoming students: A gradepoint of at least 3.6 on a 4.0 scale for the last sixty hours of coursework or a GMAT score of at least 580 is required.
• For contituing students: A cumulative graduate gradepoint of at least 3.6 is required.

Applications are available at the M.B.A. office and are due approximately two weeks before the start of each semester.

Applications cannot currently be completed online since a signature is required.

Download an Academic Talent Tuition Waiver Application

Diversity Tuition Waivers

Minority students are eligible for specific minority tuition waivers granted by the Graduate School. Applications are available from the M.B.A. office and the Graduate School. Applications cannot currently be completed online since a signature is required.

Download a Diversity Tuition Waiver Application

Tuition Waivers for International Students

International students who have done well during their first semester in the M.B.A. program at Illinois State may apply to the Office of International Studies for a tuition waiver. These awards are based on financial need and academic success.

Download an International Student Tuition Waiver

Fellowships

• Lela Winegarner Fellowship

The Lela Winegarner Fellowship is awarded to promising international students who have completed part of their graduate program and are pursuing careers of service to their country. Students must be admitted to the graduate program to be eligible. Applications and supporting material must be received by September 15. Awards, which usually range from $200 to $400, are announced by October 15. Applications are available at the MBA office and the Graduate School.

Download an application for the Lela Winegarner Fellowship

Applications cannot currently be completed online since a signature is required.

• Diversifying Faculty in Illinois

The Illinois General Assembly established the Diversifying Faculty in Illinois program formerly the Illinois Consortium for Educational Opportunity Program (ICEOP)] in 1985 to increase the number of underrepresented faculty and staff in Illinois institutions of higher education and higher education governing boards.

Applicants, who must be members of underrepresented groups, and who must be graduates of educational institutions in Illinois or be registered voters with at least three years of residency in the state, enter a statewide competition for awards for stipends of $12,500 to $16,000 per academic year.

Upon graduation an award recipient must accept a position in teaching or administration at an Illinois postsecondary educational institution, higher education governing board, or education-related state agency, or they must repay 20 percent of their award. Applications are available from the Graduate School and are due February 1.

More information about the Diversifying Faculty in Illinois Program

• Illinois State University Foundation Fellowships

The Illinois State University Foundation Fellowship for full-time graduate students is awarded to students who have demonstrated potential for academic excellence. The award amount is $3000. Recipients must have attained a cumulative grade point average of 3.6 on a 4.0 scale in undergraduate and previous graduate work. Applicants must be admitted to but not have started work in their graduate degree program. Applications are available in the MBA office and the Graduate School.

Download an application for the ISU Foundation Fellowship

Applications cannot currently be completed online since a signature is required.

Fellowship applications are reviewed once a year. The deadline for applications and supporting materials is March 15.

Completed applications should be returned to the Director of Graduate Studies, Graduate School, Illinois State University.

MBA Loans

The Graduate Management Admission Council sponsors a loan program for graduate students in AACSB-accredited institutions. Call toll free (888) 440-4622 to have an application packet sent to you. The line is open 24 hours a day.

Other Financial Aid

The University's financial aid office is open 9 a.m. to 4 p.m. Monday through Friday in Fell Hall, Room 231. Student and professional staff advisors are available to meet with students on a first-come–first-served basis.

The office can be reached at (309) 438-2231, or online at www.fao.ilstu.edu/.

The scholarship resource office is located in Fell Hall, Room 251.

Veterans

Veterans Services is in Moulton Hall 112 can be reached by phone at (309) 438-2207 or toll free at (800) 366-2478.