Full-Time MBA

Financial Awards

Earn Your MBA without Increasing Your Debt

Over 75% of Terry MBA students receive financial awards that substantially eliminate or reduce the cost of their MBA education. Terry financial awards are merit-based: they are awarded on the strength of a candidate's 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
Out-of-State Fee Waivers
Scholarships

Graduate Assistantships

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

Assistantship benefits are as follows:

Reduction in tuition to $25 per semester for residents and non-residents alike
A paid stipend of $10,344 per academic year; students are paid in ten monthly installments from August to May
A 40% UGA contribution towards the student health insurance premium
The opportunity to work one-on-one with a Terry professor. Students work 13 hours per week to earn their stipend.
Automatic renewal for a second year with satisfactory work performance

Expenses for a student on assistantship based on 2008-09 academic year
Reduced UGA tuition and fees	$1,224
Health insurance premium	231
New laptop	1,500
Books	1,500
TOTAL	$4,455

A student on assistantship will receive nearly $6,000 more than the 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 award are automatically considered for a Regents Waiver of Georgia's out-of-state fee. For the academic year 2008-09, this award is worth $18,922. 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

Endowments for Terry MBA scholarships total more than $3.9M. Scholarship awards to MBA students will range from $500 to $12,500 and are awarded either as enhancements to other awards or as stand alone awards. Nearly 40% of students receive a full or partial scholarship.

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.

In addition to the Office of Student Financial Aid, information on assistance in the form of student loans, both public and private, is available through MBA LOANS PROGRAM/Sallie Mae and Nellie Mae.

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