Scholarships & Financial Aid

Illinois Gies MBA ScholarshipsExternal FundingUniversity of Illinois ResourcesStudent Loans

Illinois Gies MBA Scholarships

We offer a number of scholarships to admitted applicants, including:

Merit Scholarships

All applicants who apply are considered at the time of admission for awards ranging from $2,500 to full tuition; no additional application is required.

We Want You Back: The Illinois x 2 Scholarship

The Illinois x 2 Scholarship offers a 50% tuition reduction for the full length of the Illinois Gies MBA. This only applies to the full-time program, not the PMBA or iMBA. The scholarship is exclusively for University of Illinois at Urbana-Champaign alumni who meet the following criteria:

    • Are admitted to the Illinois Gies MBA
    • Hold an undergraduate or graduate degree from the University of Illinois at Urbana-Champaign
    • Have a minimum of two years of post-bachelor’s degree professional work experience
    • Earned a competitive GMAT or GRE score (Note: “Competitive” is in comparison with our current pool of applicants.)
    • Have a minimum GPA of 3.3

Our Commitment to Graduates of Historically Black Colleges and Universities

The Illinois Gies MBA program is dedicated to training an inclusive cohort of future leaders in a diverse, global setting. As a result, in addition to our traditional merit-based scholarships, we allocate eight full-tuition scholarships, annually, for graduates of historically black colleges and universities. Along with submitting a standard Illinois Gies MBA application, applicants for these eight scholarships must have a competitive GMAT score (or equivalent GRE), at least two years of work experience, and a minimum GPA of 3.5.

Forté Fellows

Forté Fellows is an honor given to select female MBAs at participating business schools. Both domestic and international women may be nominated as fellows. Each fellow receives a generous scholarship from the Illinois Gies MBA.

Forté is a consortium of major corporations and top business schools that has become a powerful change agent in educating and directing talented women toward leadership roles in business. For more information, please visit the Forté website.

External Funding

Your application for admission to the Illinois Gies MBA is also your application for a merit-based scholarship. We encourage you to search for additional scholarship and funding opportunities external to the Illinois Gies MBA as listed below. The Illinois Gies MBA does not endorse these funding options, but rather are providing candidates with other options to consider. 

Funding for Women and Minority Students

Funding for International Students

Funding for Veterans

Illinois is a veteran-friendly institution. The Illinois Gies MBA qualifies as a degree-seeking program for all veterans’ education benefits from both the federal and state governments. From the federal government, there are the following chapters:

  • 1606 (Selected Reserve (MGIB-SR))
  • 1607 (Reserve Educational Assistance Program (REAP))
  • 30 (Montgomery GI Bill – Active Duty (MGIB))
  • 31 (Vocational Rehabilitation for Veterans with Service-Connected Disabilities)
  • 33 (Post 9/11 GI Bill), and 35 (Dependents’ Educational Assistance (DEA))

The State of Illinois offers the following:

  • Illinois Veterans Grant
  • MIA-POW Scholarship
  • Illinois National Guard Grant.

For additional information, please visit the Office of Student Financial Aid.

For LGBT Students

Other Sources of Funding

University of Illinois Resources

Financial Aid

  • Assistantships through the University of Illinois Graduate College.
  • Fellowships
    • Because the Illinois Gies MBA is a professional program rather than a research program, our students rarely qualify for fellowships. If you are pursuing a joint degree with a research program on campus, we encourage you to search for available fellowships once enrolled at the University of Illinois at Urbana-Champaign.
  • Office of Student Financial Aid


  • Virtual Job Board
  • MBA Program
    • The MBA program will occasionally post part-time jobs for students to work as Program Assistants (PAs) or Faculty Assistants (FAs). Students in these positions earn an hourly wage and generally work 5-10 hours per week. These opportunities are generally not available until students have successfully completed the first semester of the MBA program.

Student Loans

U.S. Student Loan Resources

    • Free application for federal student aid for U.S. citizens and legal permanent residents (Federal School Code: 001775)
  • Federal Student Aid

International Student Loan Resources

Helpful Guides for Funding Your Education