An Executive MBA is a long-term investment. There are a variety of ways to finance this important investment in your career.
Scholarships are available! The University of New Haven has made a significant investment in scholarships for the Executive MBA program. Outside scholarships may also be available. Additionally, veterans can benefit from military financing and scholarship programs. Finally, many students rely on loans to cover some or all of their education or living costs.
Executive MBA Program Scholarships
In recognition of the importance of the Executive MBA program to our institution and businesses in the region that benefit from our graduates, the University of New Haven has made a significant investment in scholarships.
The University of New Haven Executive MBA program offers a limited number of scholarships each year to applicants that receive minimal or no financial sponsorship. Recipients will be selected by the admissions committee on a merit basis. If you wish to be considered for a scholarship, please submit the Optional Scholarship Application when you complete the Formal Application for Admission.
Yellow Ribbon Program
The University of New Haven is pleased to participate in the Yellow Ribbon Program,
available to veterans of the U.S. Armed Forces who are 100 percent eligible for the
new Post-9/11 GI Bill. Yellow Ribbon recipients will receive the funds for the duration
of their EMBA tenure.
Please visit the Department of Veterans Affairs website for additional information on eligibility.
Scholarships from External Funding Sources
Students are encouraged to investigate all sources of funding, including government and private scholarships, prior to borrowing from any loan program. Following are some resources that may offer funding opportunities.
FastWeb – Scholarship search engine.
FinAid – A comprehensive resource for student financial aid information, including an online searchable database of financial aid resources.
Sallie Mae Scholarship – Search SLM Corporation, commonly known as Sallie Mae, owns or manages Federal Stafford Loans and other student loans.
Scholarships.com – scholarship search engine.
Students typically borrow from one or several loan programs, and you have the right to select the educational loan provider of your choice. The University of New Haven does not endorse any specific lender nor receive compensation from any lender, and we encourage students to compare the fees and terms of all student loan products to determine which ones are best suited to their individual needs.
Listed below are the current loan offerings for U.S. citizens and U.S. permanent residents. For more details, please visit the University of New Haven Financial Aid website here.
Federal Direct and Direct Grad PLUS Loans
Federal student loans available to graduate/professional students are all unsubsidized loans. Direct Unsubsidized loans will accrue interest while you are in school.
Federal Direct and Direct GRAD PLUS Loans offer fixed interest rates, low fees, favorable repayment benefits, ease of application and electronic disbursement of funds directly to your student account. Both loan programs require the completion of the Federal Application for Federal Student Aid (FAFSA).
Private Alternative Loans
A number of private lenders and other financial institutions offer education loans to students. These loans are referred to as private alternative loans.
Private alternative loans are not subsidized, and generally have tiered and fixed interest rates and fees, both based on your credit score. In addition, cosigners may be required. Unlike Federal Direct and Grad PLUS loans, private loans do not have an income-based cap on monthly repayments. Therefore, Penn encourages U.S. citizens and permanent residents to first consider the Federal Direct and Direct Grad PLUS loan programs when they need to borrow.
If you are an international student who is neither a dual U.S. citizen nor a U.S. permanent resident, we encourage you to investigate all sources of funding within your home country, including government and private scholarships and loans.