Financial Aid & Scholarships

When considering how to pay for graduate school, there are three primary forms of financial assistance:


1. College of Business Research Assistantships

Research assistantships are offered to highly qualified candidates admitted into the Iowa State University full-time MBA program. Assistantships provide students unique opportunities to work directly with business faculty actively engaged in leading edge research in their respective fields. A concerted effort is made to match each student’s interests and academic goals with the expertise and research activities of the faculty.


Research assistants receive a monthly stipend, are assessed resident tuition, and receive a scholarship credit further reducing the tuition amount by approximately 24%. Additionally, they receive health insurance and have access to a shared office with their own work space and computer.


To be considered for a research assistantship, please check “yes” on the application form where it asks “Do you want to be considered for an assistantship?” Assistantships are awarded based on GPA, GMAT score, and other notable achievements.


Financial aid in the form of graduate assistantships are only available to full-time students.


2. Student Loans

Both full-time and part-time students are eligible for student loans. The type and amount of the loan depends on your personal circumstances. For detailed information regarding student loan options, please contact the Office of Student Financial Aid. To begin the student loan process, please complete the FAFSA.


Existing student loans can be deferred until you complete your graduate degree as long as you take a minimum number of credit hours per year. For full-time students, you must be enrolled for at least 9 credit hours in both the fall and spring semesters. For part-time students, you must take at least 6 credit hours during the fall and spring (you do NOT have to take courses in the summer in order to defer your loans).


3. Scholarships

Scholarships are only available for full-time students, unless otherwise indicated. Scholarships range from $2,000 – $6,000.


All prospective students that submit a completed application are considered for the scholarships. There is not a special application form. If you are awarded a scholarship, you will be notified in your acceptance letter. 


Distinguished Scholarships


The Diversity MBA Scholarship

Awarded to students who will bring a richly diverse perspective to the Iowa State MBA. Recognizing that the MBA experience is enhanced by a widely-diverse student population, the Iowa State MBA seeks candidates whose background and experiences are less represented in the program.  Ethnic and global diversity, unique work histories, and atypical academic degrees within the Iowa State MBA student body are the ideal outcomes behind the Diversity MBA Scholarship.


The Leadership in Service MBA Scholarship

Awarded to students who have demonstrated exceptional leadership within their communities and to society at large. The Iowa State MBA seek candidates who realize tomorrow’s business leaders must embrace corporate citizenship and global sustainability. The Leadership in Service MBA Scholarship recognizes students who through their extraordinary efforts and dedication are making a difference in this world one small step at a time.


Military personnel, we thank you for your service and value your leadership training.  Veterans who have been on active duty within three years prior to applying are eligible for the Leadership in Service MBA Scholarship.


The Cardinal and Gold MBA Scholarship

Awarded to students who are alumni of Iowa State University. Many graduates have fond memories of their time spent at Iowa State and have achieved success in their first jobs after college. You are invited to return to your alma mater to refocus and retool for that next step in your career through the Iowa State MBA. The Cardinal and Gold MBA Scholarship recognizes exemplary alumni  in the full-time program. 


The Iowa State Concurrent MBA Degree Scholarship

Awarded to undergraduate or veterinary medicine students enrolled in an established concurrent degree program with the Iowa State MBA. Both merit-based and need-based criteria are taken into account. Students must have a minimum cumulative GPA of 3.2 and a total score of 600 on the GMAT to be considered.    


Corporate-sponsored Scholarships


The Boeing Engineering/MBA Scholarship

Awarded to first-year MBA students concurrently enrolled in an undergraduate engineering major. Students must have at least a 3.5 cumulative GPA and at least a 650 total score on the GMAT. 


The Farm Bureau MBA Scholarship in Sustainable Agriculture

Awarded to MBA students pursing a graduate minor in sustainable agriculture or an MBA and MS in sustainable agriculture double degree.


The Principal Financial Group MBA/MSIS Scholarship

Awarded to exceptional full-time or part-time students pursuing the MBA and MS in information systems double degree.


Performance-based Scholarships


The Top Performing MBA Student Scholarship

Awarded by the MBA core faculty to recognize a full-time, second-year MBA student for outstanding academic achievement and demonstrated leadership inside and outside the classroom.


The Top Performing MBA Team Scholarship

Awarded by the MBA core faculty to recognize full-time, second-year MBA students for their ability to work effectively together as a team and to develop important collaborative skills.


The Charles B. Handy MBA Scholarship

Awarded to individuals and teams participating in the Iowa State University MBA Case Competition.


The Part-time MBA Student Scholarships

Awarded to the “Top Performing Student” and “Top Performing Team” in each cohort finishing the part-time MBA core curriculum. Core faculty will select the best part-time MBA student and best part-time MBA team and announce the winners at the end-of-the core celebration.


More Scholarship Opportunities


For answers to specific and detailed financial aid questions, please contact the Financial Aid Office directly.