2008-2009 Admissions Scholarship Information

Scholarships

The Richard DeVos Graduate School of Management has limited scholarship opportunities available to eligible students formally admitted to the Full-time and Evening MBA programs. Please complete the DeVos Online Scholarship Application.

Early Decision Scholarship

All application materials (including $50 application fee) must be received by the Early Decision Scholarship deadline in order to be considered for the scholarship award.  Applicants must also be accepted and have all commitment materials (including commitment deposit and Program Registration Form) submitted by the Early Decision deadline in order to be eligible for this scholarship.  If a student receives 100% tuition reimbursement, he/she is NOT eligible for the Early Decision Scholarship Award.
   
Early Decision Scholarship Application Deadline: April 7, 2008  
Early Decision Scholarship Award Amount:  $1,000  

Merit Scholarships

The DeVos Graduate School of Management, in accordance with the gracious financial support of key benefactors, offers a cumulative scholarship system for Evening and Full-time MBA students. 

The Zenon C.R. Hansen Foundation annually provides Merit Scholarship support for qualified Evening MBA candidates.  The Daniel W. Behring Endowed Scholarship provides financial support for Merit Scholarship awards allocated to Full-time MBA students. In addition, The Kathryn Hach Endowed Scholarship for Women provides additional funding under the DeVos Merit Scholarship system for female applicants of both the Evening and Full-time MBA programs.

The DeVos Merit Scholarship system allocates awards based on three criteria for Evening and Full-time MBA students.  These components include a student’s cumulative GPA of ALL undergraduate academic transcripts, demonstrated leadership attributes, and official Graduate Management Admissions Test (GMAT) scores.  Each Merit component enables qualified applicants to maximize their scholarship award.  Detailed Merit Scholarship award criteria include the following:
 
Cumulative Grade Point Average

Scholarship award is based on the cumulative GPA of ALL undergraduate transcripts.

3.25 – 3.60                  $1,000
3.61 – 4.0                    $2,000

Leadership

Scholarship award consideration is based on the student’s submitted resume, personal statement, interview and letters of recommendation.

The amount will be awarded at the discretion of the graduate admissions committee.

If you receive any tuition reimbursement from your employer, you are ineligible for this scholarship.

Graduate Management Admissions Test (GMAT)

All students have the opportunity to take the official Graduate Management Admissions Test (GMAT) for additional scholarship award and admission consideration. Awards will be allocated based on the following GMAT score ranges:

500 – 520  $1,000
530 – 550  $1,500
560 – 590  $2,000
600 – 690  $3,000
700 +         $4,000

DeVos Merit Scholarship Facts

• All students must complete an official DeVos Scholarship application to be considered for scholarship awards.
• Deadline for scholarship award consideration: August 4, 2008
• In order to be eligible for Leadership Merit Scholarship components, a student must NOT receive any tuition reimbursement.
• If a student receives less than 75% tuition reimbursement, the student will be considered for the GPA and GMAT Merit Scholarship component. Students would also be eligible for the Early Decision Scholarship, unless the total amount exceeds the total program cost.
• If a student receives 75% or more tuition reimbursement, he/she is not eligible for the GPA, GMAT or Leadership Merit Scholarship.
• The total scholarship award will be allocated equally over each semester of the student’s prescribed program of study (Full-time MBA students: 4 equal installments; Evening MBA students: 8 equal installments).

Michigan Tuition Grant

• $2,100
• Awarded to Michigan residents who demonstrate need.
• Renewable up to 15 terms, if the student continues to demonstrate financial need and continues to meet the University’s standard of academic progress.