Financial Aid
There are a variety of options for financial aid for MBA degree studies. Some of them are based on need, on merit, or may simply be a private loan based on credit rating.
MBA Loans
There are a variety of graduate students loans available to MBA students. These options include Graduate Stafford Student Loans, Graduate Perkins Loans, and a variety of private graduate school loans such as Graduate PLUS Loans.
MBA Scholarships
MBA scholarships are primarily awarded based on merit or some other criteria other than need.
MBA Grants
Unlike loans, MBA grants do not have to be repaid. However, some (but not all) grants do require something in exchange. For example, the TEACH Grant (Teacher Education Assistance for College and Higher Education) requires that after graduation you teach 4 full-time years in a high-need field or in a low-income community.