Business School Tuition Waiver: Wave Your Tuition "Goodbye"
A tuition waiver is a type of financial award where a business school relinquishes its right to charge you tuition. That's right – the tuition simply vanishes! These waivers are uncommon in business school, but, when available, they're awarded based on the strengths of your application and/or on your financial need. Sometimes, your "status" is a factor if you're a minority, ex-military, ex-Peace Corps, or other privileged category. The beauty about waivers is that they have no strings attached. Now, there are a few things you should know about business school tuition waivers...
Types of Tuition Waivers
Tuition waivers come in two flavors: partial and full. A partial waiver is simply a credit toward your tuition, resulting in a reduced expense. A full tuition waiver means that you have to pay no tuition whatsoever. Not a penny! Note that even if you receive a full waiver, you'll still be responsible for miscellaneous program fees. Typically these are in the hundreds of dollars, so they won't break the bank.
How to Apply for a Tuition Waiver
The best way to find out about tuition waivers is to visit each business schools' web site or call the school directly. In most cases, applicants are automatically considered for waivers upon applying. In other cases, a separate application has to be submitted. If you have special status (e.g., minority, ex-military, ex-Peace Corps, etc.), we recommend that you call to inquire about tuition waivers earmarked for this purpose.