McDonough School of Business
McDonough School of Business

Flex MBA Scholarship Opportunities

We anticipate providing funding to approximately 15-20% of our incoming Flex MBA Program class with individual, one-time scholarship awards ranging from $2,000 to $10,000. To best position yourself for scholarship consideration, we encourage you to apply to the Flex MBA Program early. Students also often explore federally funded programs, external scholarships, and fellowship opportunities to supplement the cost of their education.

Flex MBA Program Costs

Direct Expenses* (2023-2024)Indirect Expenses (2023-2024)
Tuition (24 credit hours at $2,390 per credit) $57,360Average Living Allowance$31,608
Graduate Student Activity Fee**$38Average Books$1,600
Georgetown University Health Insurance*** (may be waived)$3,425Average Travel$3,921
SUBTOTAL$60,823Federal Direct Loan Fees$2,400
TOTAL cost per year$100,352

1Cost is based on normative student schedules and 2022-2023 rates, which are subject to change.
2Direct expenses are charges that a student will incur on their billing statement from the Office of Revenue and Receivables.
3Indirect expenses are averages of other associated costs that a student may incur for their education.
4Tuition is billed in three-semester installments, based upon the number of credits taken per semester.
5A Georgetown University Health Insurance charge is assessed when a student registers for 8+ credit hours. It can be waived if the student is covered under other Health Insurance Plan. The health insurance line item is an estimate.
6A Georgetown University Health Insurance charge is assessed when a student registers for 8+ credit hours. It can be waived if the student is covered under other Health Insurance Plan. The health insurance line item is an estimate.
7 Estimated 2023-2024 tuition and program costs, including Flex MBA Online’s tuition, will be posted in spring 2023.

For more detailed information about tuition and billing, visit the Office of Revenue and Receivables’ Graduate Business website or call at (202) 687-7100.

Georgetown MBA Merit Scholarship

The McDonough School of Business awards scholarships based an applicant’s academic, personal, and professional accomplishments. Recipients will demonstrate ethical leadership, academic accomplishment, and professional achievements through their application and interview for the MBA program. They typically show a commitment to service to others through past and current activities. All applicants are automatically considered upon submitting a completed application to the Georgetown MBA Program. Access

Georgetown McDonough is a proud partner of Access, the only free comprehensive admission resource for underrepresented minorities (URMs) and women interested in applying to an MBA program. Access and Georgetown McDonough have partnered to offer an Access member a scholarship of up to $5,000.

Modus Create Endowed MBA Scholarship

The Modus Create Endowed MBA Scholarship is a merit-based award to develop the workforce in Latin America and support international Flex MBA students. Modus Create is a consulting firm that helps companies transform for success in the digital future. The global company operates remotely and comprises highly-skilled employees in over 40 countries, many with non-traditional professional backgrounds. Their company has been growing exponentially, leveraging the impact of digital technology on workforce development in Latin America. Currently, over 50% of their workforce is located in these emerging countries and territories. All students may apply for the scholarship, but special consideration will be given to students who are residents of the following countries and/or territories and are U.S. active military or veterans: Puerto Rico, Brazil, Colombia, Costa Rica, and Mexico.

Reaching Out MBA Fellowship

The purpose of the Reaching Out MBA (ROMBA) Fellowship is to increase the number of students interested in promoting the empowerment and representation of lesbian, gay, bisexual, transgender, queer, and ally (LGBTQA) students applying to and enrolling in business schools. Recipients will be provided with unique opportunities to empower you to become leaders in business following graduation and become professionals who lead the way to equality in business education, in the workplace, and throughout society. Fellows will also receive admission-free access to ROMBA events, including the annual LGBTQA MBA Conference and are invited to attend a cohort retreat.

The Segal AmeriCorps Education Award

The Segal AmeriCorps Education Award is a post-service benefit earned by individuals who complete an approved term of national service in an AmeriCorps program. We are proud to be an education partner with the Segal AmeriCorps Education Award. Full-time and Flex MBA applicants applying to start in fall 2020 and beyond will receive an application fee waiver. Flex MBA Students who are awarded the AmeriCorps Education Award can be considered to receive a minimum of $5,000 total as a one-time only award. Georgetown McDonough anticipates being able to award 1-3 scholarships per year based on the strength of the applicant pool.

Steers Center for Global Real Estate Scholarship

Selection is based on demonstrated and expressed interest in pursuing a career within the real estate industry post-MBA. All applicants are considered upon submitting a completed application to the Georgetown MBA Program. 

Yellow Ribbon

To qualify for the Yellow Ribbon Program, the Department of Veterans Affairs specifies that participants must be 100% eligible for Post-9/11 benefits, not be on active duty or receiving transferred benefits from a spouse on active duty, be enrolled in a degree-seeking program, and accrue a total tuition and fees amount that is more than the Post-9/11 private tuition maximum for an academic year. Each year eligible graduate business students receive $15,000 from Georgetown McDonough, which is matched by the U.S. Department of Veterans Affairs for a total of $30,000 in funding per year. For more information, please contact the Veterans Office at 202-687-2708 or

Office of Graduate Fellowships & Awards

The Office of Graduate Fellowships & Awards is responsible for the growth of grants and fellowships that support graduate study through information sessions, workshops, and individualized assistance with proposals and applications. Subscribe to the Office of Graduate Fellowship and Awards’ monthly newsletter for the latest updates on fellowship deadlines, upcoming webinars, workshops, and more.

Need-based Financial Aid

The Office of Student Financial Services attempts to assist qualified applicants who have financial eligibility to meet their educational and living costs. All U.S. citizens and permanent residents may be considered for federally-funded programs. International students should inquire about financial support from the government of their home country or international private lenders, as they are not eligible for federal funding from the United States.