Financial Aid
Students in the Full-time MBA program will find some financial resources made available through scholarships, graduate assistantships and student loans. Awards for new entering students are merit-based. These awards are made based on the information submitted in the student's completed application for admission. For students returning to the second year of the Full-time MBA program, consideration for scholarships and graduate assistantships is based on academic performance and contribution to the program during the first year of MBA studies. The MBA Admissions Office administers Mason School of Business scholarships and graduate assistantships, while the Office of Financial Aid administers a variety of student loan programs.
Scholarships
Scholarships are made possible through state and school funds, gifts and bequests and annual gifts from companies and organizations. Every new entering student is automatically considered for merit-based scholarships and no additional application is required. Joint-degree students are eligible for School of Business scholarships or graduate assistantships only for the year in which they are a first-year full-time MBA student.
Graduate Assistantships
Graduate Assistantships (GAs) offer students an excellent opportunity to work closely with a faculty member on valuable research or on projects with administrative units in the Mason School of Business. Some of these assistantships may permit out-of-state and international students to pay tuition at the in-state level, which is a substantial cost savings. A modest research stipend accompanies most assistantships. Assistantships are typically awarded only to students in the second year of the Full-time MBA program.
Student Loans
Many students utilize loans to finance a portion of their MBA education. Loan eligibility for U.S. Citizens and Permanent Residents is determined by the information provided on the Free Application for Federal Student Aid (FAFSA), which is submitted to the U.S. Department of Education. Entering U.S. MBA students submitting their FAFSA to the Department of Education before March 1 will be given first priority in determining loan eligibility.
International students interested in student loans should investigate private
loan programs in their home countries as well as in the U.S. The College of
William & Mary's Office of Financial Aid has information available on their
website for private loans for international students who have access to a
qualified co-signer.
For more information about student loans
including eligibility requirements, interest rates and fees and general
application information, please contact the William & Mary Office of Financial
Aid.
International Students:
Loans for International Students
International applicants
interested in student loan programs should investigate private loan programs in
their home countries as well as in the U.S. The College of William & Mary's
Office of Financial Aid has information available on their website for private
loans for international students who have access to a qualified co-signer.
Please visit the College of William & Mary's Office of Financial Aid
for eligibility requirements, interest rates and fees, and general application
information.
Proof of Sufficient Funds
Once admitted, the United
States’ visa granting authority in the country of origin, ordinarily the United
States Embassy, requires proof that sufficient funds are available to a student
before he/she is granted a student visa. International students must submit
certification that their financial resources are adequate to cover the cost of
their education.
Applicants who are admitted will receive instructions
for obtaining and completing the Certification of Financial Support from the
Admissions Office. Although the financial resources detailed on the
Certification of Financial Support (including the Financial Statement, Affidavit
of Support and Bank Statement) should equal the total cost of living and
attending school for a minimum of one academic year, international students
should have a plan for financing both years of the Full-time MBA program.
Please note that you will be required to submit the appropriate documentation described on the Certification of Financial Support to verify: a) the resources listed on the forms, and b) you and/or your sponsor’s ability to provide the stated financial support. These forms will be used to verify the source(s) of funds. Proper documentation is necessary if the College is to issue the I-20 form needed to obtain a student visa.
