Need-Based - Agora School of Business

Scholarship Types

Need-based Scholarship

scholarship description

Need-based Scholarships are awarded solely based on the applicant’s financial needs according to specific income brackets. The application process for this scholarship requires submission of the student’s proof of income. The Need-based scholarship awarded will only cover tuition costs and not any administrative or application costs. Please note that awards are offered on a first come first served basis and are subject to the availability of funds for the current academic year. Additionally, Need-based Aid cannot be applied in addition to any other corporate or group discounts or any other Scholarships offered by Agora School of Business.

The current total tuition for the Master of Business Administration program is $6000.

Definition

Household Income: The combined income of the student and his/her spouse.

Types of Aid

Grants which do not need to be repaid.
Work-study: part-time employment opportunities of a financial value equivalent to the awarded scholarship amount.

how to apply

Complete the financial aid application (embedded in the admission application form), fill all the sections, and upload all the required documents. Missing information or documents is not accepted and will be deemed incomplete.

Eligibility

To be eligible and continue receiving our need-based scholarship, you are required:

To be a full-time MBA student.
Not to be on academic probation.
Maintain a minimum cumulative grade of B.
To submit the last 3-months payment slip/ HR letter stating your and your spouse’s monthly salary and all other variables (bonus, profit share and similar).
To submit the last 3-months household combined bank statements.
To demonstrate financial need by providing any of the following or similar supporting documents:
- Expenses like rental contract
- Loans or instalment statements
- Retired parents and official pension letters

Need-Based Aid Income Qualification Brackets

For a household income of $15,000/year or less, the need-based aid package is a 20% scholarship on tuition.
For a household income of $14,000/year or less, the need-based aid package is a 25% scholarship on tuition.
For a household income of $13,000/year or less, the need-based aid package is a 30% scholarship on tuition.
For a household income of $12,000/year or less, the need-based aid package is a 35% scholarship on tuition.
For a household income of $11,000/year or less, the need-based aid package is a 40% scholarship on tuition.
For a household income of $10,000/year or less, the need-based aid package is a 45% scholarship on tuition.
For a household income of $9,000/year or less, the need-based aid package is a 50% scholarship on tuition.
For a household income of $8,000/year or less, the need-based aid package is a 55% scholarship on tuition.
For a household income of $7,000/year or less, the need-based aid package is a 60% scholarship on tuition.
For a household income of $6,000/year or less, the need-based aid package is a 65% scholarship on tuition.
For a household income of $5,000/year or less, the need-based aid package is a 70% scholarship on tuition.
For a household income of $4,000/year or less, the need-based aid package is a 75% scholarship on tuition.
For a household income of $3,000/year or less, the need-based aid package is an 80% scholarship on tuition.
For a household income of $2,000/year or less, the need-based aid package is an 85% scholarship on tuition.

Special Circumstances

Sometimes, financial situations change after aid has been awarded. If this is the case, students may appeal to the Director of Admissions for a re-evaluation of their aid package. There are no guarantees that additional aid may be available at the time of the re-evaluation.