Scholarships Discount Tuition Up to 64 Percent

Financial aid is nice. Financial aid you don't have to pay back is nicer. Here we list our top MBA programs that dole out the most money via scholarships and fellowships.

Since free money is always relative to a school's tuition and the number of students who reap the benefits, we factored both into our ranking.

Coming out on top was Notre Dame's Mendoza College of Business, where a whopping 65 percent of students received an average award of $25,153—a generous sum, considering it covered nearly 60 percent of the tuition and fees charged that year. Up next was Indiana University's Kelley School of Business, where 49 percent of students received money. The average award at Kelley was $24,294, which would have covered more than half the year's tuition and fees. Click through to see the awards at our other top-ranked schools.

Methodology: The ranking is based on the percentage of 2011-12 tuition and fees covered by the average scholarship award, multiplied by the percentage of students receiving scholarships. This list covers our top 20 full-time MBA programs  For state universities, we used out-of-state tuition and fees. Awards may include merit-based and need-based aid. (Chicago Booth, Wharton, Duke, Carnegie Mellon, Haas, Columbia, Kellogg, and Tuck did not provide sufficient data to be included.)

 
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