Does anyone know when scholarship, fellowship or financial aid info goes out to accepted students? Some schools send it at the same time as the acceptance letter or a day after. Is it supposed to go out before we have to decide on the school or after you've accepted?
The admitted students website, in conjunction with the Booth student handbook, has the most comprehensive information available. You might have to make your depost in order to get access to the website; I'm not sure (I made my deposit already).
There are three sources of financial aid at Booth: merit-based scholarships, fellowships, and outside financial aid. Admitted students are notified about their selection for merit-based scholarships when they're notified that they were admitted. Fellowships are awarded to incoming students who fit a specific profile, and these awards typically have a family's or corporation's name attached. Fellowship decisions are revealed after the class has pretty much been selected; I've read they will be revealed May 1. "Outside financial aid" refers to loans and any scholarships/fellowships from outside (non-Booth) sources.
Some extra info from page 35 of the student handbook:
1. Scholarship awards are applied to tuition
2. If students have been awarded a full-tuition
scholarship for two years, the award will pay for
a maximum of 20 courses, excluding Leadership
Effectiveness and Development (LEAD).
3. The total sum of all scholarship awards from all
sources cannot exceed tuition charges for any
4. Recipients may only receive one Chicago Booth
scholarship or fellowship per year. If a student
a. A Chicago Booth scholarship and an additional
outside scholarship, the combination of the
awards cannot exceed tuition.
b. A Chicago Booth scholarship and an outside
scholarship that requires Chicago Booth to
match the award, the Chicago Booth scholarship
will be increased only if it does not already
meet the amount necessary to match the outside
scholarship. Total awards cannot exceed tuition.
c. A Chicago Booth scholarship and a Chicago Booth
or external fellowship for a greater amount, the
higher fellowship will replace the Chicago Booth
scholarship the student was previously awarded.
Only Full-Time MBA students are eligible for
My GMAT debrief