Financial Aid FAQs

Should I submit proof of funding when I apply for admission to Tuck?

No. Tuck offers admission to the most qualified candidates without regard to their financial circumstances. We offer a combination of merit- and need-based scholarships as well as deferred-payment low-interest loans. Nevertheless, while Tuck is committed to identifying financial resources for admitted students who need help meeting the cost of the MBA program, applicants are also expected to take responsibility for the financial aspects of earning an MBA.
 

How do I apply for financial aid?

Please visit Financial Aid Applications for detailed instructions and forms.

How can I submit my applications and supporting documents?

Applications can be submitted via email, fax (603-646-9741), or U.S. mail. We encourage applicants not to wait until the last minute to submit the application. Applications are due by 5:00pm EST on the date of the published deadlines.

What kinds of scholarships does Tuck offer?

Tuck offers an array of scholarships and fellowships. Scholarship awards are generally communicated with the admission decision. Scholarship awards are very competitive. They range from $5,000 to full tuition. Tuck scholarships are made possible through the generous support of our alumni, corporations, and non-profit foundations.
 

Does Tuck award scholarships in the second year?

Currently scholarships are awarded at the time of admission. The scholarship award will be renewed for the second year provided that the student has maintained satisfactory academic progress. Students who do not receive scholarships in their first year should not expect to receive scholarship in their second year.
 

How should I prepare financially prior to coming to Tuck?

To avoid taking on excessive levels of debt, students should save income from work, reduce consumer debt, and plan to use personal resources, gifts, loans from family and friends, and external scholarships or sponsorships in addition to bank loans to cover the cost of attendance. Students should begin planning financially far in advance of applying for the program.
 

What is an acceptable amount of student loan debt?

The acceptable amount of debt will vary based on a student’s personal, professional, and financial goals. Each year approximately 45% – 50% of the full cost of attendance is covered by students’ personal funds. This is supplemented by scholarships and loans. Average debt of the Class of 2013 is $95,747 for an estimated monthly payment of $1,230 for a ten-year repayment period - with other repayment options available.

Do I need to borrow the full cost of attendance?

The cost of attendance is based on a number of factors. Some of these are direct costs which are set by the school, such as tuition, mandatory fees, and health insurance. Others are based on estimates obtained from current students, local real estate, and the consumer price index for the Northeast region of the U.S. Because of this the actual cost for each individual will vary based on their individual lifestyle choices. All items that are included are at the regulation of the U.S. Department of Education and do not include allowances for consumer debt, such as car loans, credit cards, and undergraduate student loans.

How long does it take to pay back student loans?

This will vary depending on the types of loans you receive. Tuck and Dartmouth have among the lowest default rates on federal student loans. Tuck institutional loans are historically paid off in an average of 5-7 years.

Does Tuck offer funding for international students that does not require a U.S. cosigner?

Yes, there are a number of options for international students that do not require a U.S. co-signer. The maximum amount available is determined by a needs analysis that is performed by the financial aid office using the information provided on the application. Students should not expect to borrow to the full cost of attendance.

Why do financial aid packages differ?

At Tuck you are an individual with specific financial needs. Today’s changing economy makes the financial aid conversations we have with applicants and students very personal to their own financial situations. Tuck provides many opportunities and careful financial planning will ensure your success. We encourage you to talk with a member of the Financial Aid office at any time during the admission process.

Does Tuck participate in the Yellow Ribbon Program?

Tuck participates in the Yellow Ribbon Program (YRP) without limitation on the number of veterans enrolled and at a maximum level of $18,000 in funding for the 2014-15 academic year. This means someone who is 100% benefit eligible under the Post-9/11 GI Bill can receive a maximum of $20,235.02 in base benefits from the VA, $18,000 from Tuck and an additional $18,000 from the VA under the YRP in an academic year. We are proud to support our veterans, whose strong leadership, sense of responsibility and commitment are qualities that are important to Tuck.

Does Tuck have a loan forgiveness program?

The Tuck Nonprofit Fellowship program provides financial assistance, mentoring, and networking support to graduating Tuck students who take a position working with a qualifying nonprofit or public sector organization. It can be compared to a loan forgiveness program. Recipients have used it to pay off loans as well as provide needed cash to transition to their new job.

Where do I get the most current information on Financial Aid?

Financing options and federal regulations are subject to change at any time. The best resource for the most current information is the Tuck financial aid office. They can be reached at 603-646-9743 or tuck.financial.aid@dartmouth.edu.