Here’s $160,000 Toward Your Stanford MBA. And Here’s the Catch

Zara Kessler:

What if somebody offered you a small fortune to … live in the Midwest?
Insert Garrison Keillor joke here. And then, if you’re thinking about getting an MBA and can demonstrate a bond with the region, you might want to get your application ready for January.

That’s the next deadline to apply for the new Stanford USA MBA Fellowship, which will cover tuition and associated fees for as many as three students in next year’s entering MBA class. It adds up to approximately $160,000 over the two-year program.1

The fellowship, offered by Stanford University’s Graduate School of Business, is for people who qualify for need-based financial aid and are “committed to economic development in underserved regions of the United States.” In this first iteration, it targets the Midwest. Would-be fellows must show strong connections with at least one state in the area—Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin fit the bill—such as living there, currently or for at least three consecutive years in the past, or being a graduate of a Midwestern high school.