New MBA Scholarships Help Online Students Save on Graduate Education
UMass Lowell has introduced new online MBA scholarships, making our highly ranked online MBA even more affordable.
Ranked among the nation’s top online business programs, UMass Lowell’s online MBA offers the lowest cost per credit among the top 20 programs. Students whose prior course work fulfills foundation requirements can complete the degree for less than $20,000, and the new MBA Scholarship for Online Students can lower costs even further.
The scholarship offers $2,000 toward tuition, split over four semesters.
Even better: there is no separate scholarship application. MBA applicants are automatically considered.
Why the Online MBA Scholarship Matters
An MBA can open doors to leadership opportunities and help professionals strengthen the skills needed to drive business growth. Yet for many prospective students, the cost of earning the degree is a key decision-making factor.
The MBA Scholarship for Online Students exemplifies UMass Lowell’s mission as a public university: expanding access to high-quality education and supporting career advancement for students from diverse professional and educational backgrounds.
For students who want the credibility of a nationally recognized and top-ranked online MBA program, the flexibility of online learning and support in managing graduate education costs, an online MBA scholarship makes UMass Lowell’s program even more appealing.
Additional Graduate Scholarship Opportunities at UMass Lowell
The newly introduced online MBA scholarships are part of a broader commitment to graduate affordability at UMass Lowell, with institutional contributions of more than $200 million in financial aid in 2025.
Master’s students in other online programs at UMass Lowell may also be eligible for the Graduate Online Excellence Scholarship, which supports high-achieving newly admitted students in online programs. This online scholarship also offers up to $2,000 in graduate scholarship funding for eligible domestic and international students.
On-campus master’s students may qualify for additional awards, including:
UMass Lowell’s alumni, bachelor’s-to-master’s students, and veterans are eligible for other master’s degree scholarships, as well.
How to Apply for Online MBA Scholarships
Apply to the MBA program, and admissions will automatically consider you for an online MBA scholarship. No separate scholarship application is required.
To qualify for additional financial aid and scholarships:
The Bottom Line
UMass Lowell’s online MBA offers the flexibility to earn a respected degree while maintaining other life responsibilities. Ranked among the top programs in the country by U.S. News & World Report, Fortune, and others, this program can be an ideal fit for working professionals, career changers and business-minded students who want to earn a respected graduate degree while continuing to work.
Ready to take the next step? Apply to UMass Lowell’s Online MBA.
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