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Terry College of Business

Georgia's flagship business school, founded in 1912

Full-Time MBA

Financial Awards

Earn Your MBA without Increasing Your Debt

Over 35% of Terry MBA students receive financial awards that substantially eliminate or reduce the cost of their MBA education Terry financial awards are merit-based and are awarded on the strength of a candidate's overall application package, including GMAT score, GPA and work experience. At a time when more than half of all MBA graduates are re-entering the work force with their personal savings depleted and more than $45,000 in new loans, Terry MBA students are leaping forward in their careers without a crushing burden of new debt.

There are three categories of Terry financial awards:

Graduate Assistantships

All candidates admitted to the Terry MBA Program are automatically considered for a graduate assistantship. These awards enable candidates to get their MBA at minimal to no cost by covering all educational costs, as well as contributing toward living expenses.

Assistantship benefits include:

  • Reduction in tuition to $25 per semester for Georgia residents and non-residents alike
  • A paid stipend of $10,500* per academic year; students are paid in ten monthly installments from August to May
    *Stipend amount may vary. Subject to available funding.
  • A 40% UGA contribution toward the student health insurance premium
  • The opportunity to work one-on-one with a Terry professor or Terry administrative department
  • Students work 13 hours per week to earn their stipend
  • Renewal for a second year with satisfactory work performance and adequate departmental funding
Expenses for a student on assistantship
based on 2009-2010 academic year
Reduced UGA Tuition $50
UGA Fees $1,460
Health Insurance Premium $321
New Laptop Computer $1,500
Books $1,500
TOTAL $4,831

A student on assistantship will receive over $5,000 more than the annual cost of their MBA education (two semesters).

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Regents Out-of-State Fee Waivers

International students and domestic students from outside of Georgia who do not qualify for an assistantship are automatically considered for a Regents Waiver of Georgia's out-of-state fee. For the academic year 2009-2010, this award is worth $18,110. The Regents Waiver is frequently combined with additional scholarships to top incoming students to further reduce the cost of their MBA education.

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Scholarships

Scholarship awards to MBA students are given either as enhancements to other awards or as stand-alone awards and are typically awarded with the admissions decision.

University of Georgia Need-Based Financial Assistance

Students requiring need-based financial assistance should contact the Office of Student Financial Aid. Applications for financial aid for the upcoming academic year are available in January.

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Lori Kose

I have developed multifaceted communications skills and now think strategically with a firm foundation for decision-making."

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Page Updated on Thursday, October 22, 2009