MBA Program Announces New Partnerships to Provide Financial Support for Mexican Students
The Full-time MBA Program at Georgetown’s McDonough School of Business has established partnerships with two organizations in Mexico to provide scholarships and financial aid to Mexican students accepted into the program.
The partnerships with the Fund for the Development of Human Resources (FIDERH) and the Mexican Foundation for Education, Technology, and Science (FUNED) will allow eligible Mexican citizens to receive low-interest loans for tuition from the respective organizations, as well as merit scholarships from Georgetown McDonough. FUNED awardees also are eligible for additional merit and need-based scholarships.
“We strive to attract and recruit the most competitive applicants, both domestic and international, to our MBA program. We are excited to partner with FIDERH and FUNED to help provide additional funding opportunities and resources for students from Mexico,” said Shelly Heinrich, associate dean for MBA admissions and director of marketing.
FIDERH, a federal trust managed by the Central Bank of Mexico, has been financing graduate studies for Mexican students for more than 40 years. Mexican citizens with a bachelor’s degree, a minimum 8/10 GPA, and an offer from Georgetown McDonough are eligible to apply to the organization. FIDERH provides 200,000 MXN per year in loans that can go toward tuition, living, and insurance. Loan recipients don’t pay interest during school and are given a one-year grace period post-MBA. Georgetown McDonough will aim to provide merit scholarships to eligible applicants based on the holistic scholarship review process.
FUNED, a nonprofit organization founded in 1993 by Mexican businessmen, is an authorized grantee by the Tax Administration Service and has supported more than 5,500 students to date. Mexican citizens with a bachelor’s degree, a minimum 8/10 GPA, and financial need are eligible to apply. FUNED provides loans up to 40 percent of total cost, not to exceed $15,000 USD. Awardees are given a six-month grace period post-MBA and five years to pay back. If awarded through FUNED, students also are eligible through CONACYT to receive a merit and need-based scholarship of $10,000-$40,000 USD. Georgetown McDonough will aim to provide merit scholarships to eligible applicants based on the holistic scholarship review process.
More than $1.5 million is available to all Georgetown MBA applicants through merit-based scholarships. Learn more about the FIDERH and FUNED funding opportunities here, along with other available scholarships and fellowships.