Financing your education

Financing your education

A graduate education from the world’s leading school in international business is not only an investment in your career, but in your life, your community and the global economy at large. At Thunderbird, more than 68% of all students regularly receive some form of financial aid — loans, scholarships and/or awards — to complement their own resources. Thunderbird’s dedicated Financial Aid staff is committed to assisting you with your specific needs.

To learn more about the financial aid options available to you, choose from the menu below. For detailed instructions or advice, contact the Financial Aid team at finaid@thunderbird.edu or call +1 602 978-7130 or 1 800 848-9084 (U.S. only).

Financing options

US citizens & permanent residents

Scholarships

Featured Scholarships

Merit-based scholarships

Thunderbird’s merit-based scholarships are designed for competitive applicants who demonstrate above-average

  • Academic performance (undergraduate grade point average, GMAT/GRE scores, etc.)
  • Previous work and/or leadership experience
  • Personal, intellectual and professional fit with Thunderbird’s mission

To be considered for a scholarship for one of our graduate degree programs, please submit a one-page (maximum) statement to admissions@thunderbird.edu describing what makes you a strong candidate for the scholarship. Selection is based on the essay as well as documentation submitted with your application.

These scholarships are awarded in increments of $5,000, up to a maximum of 100% of degree-program tuition. They are awarded in such categories as:

Global Citizenship | Global Mindset | Global Entrepreneurship

Thunderbird Presidential Fellowship
$10,000 - $20,000 (or more)
This elite fellowship opportunity is designated for top-tier candidates whose academic ability, regional diversity and professional outlook align with Thunderbird’s highest institutional expectations. Recipients of this fellowship earn $10,000-$20,000 (or more) in awards and have the opportunity to work directly with faculty or administration on a variety of interesting research and initiatives. The Thunderbird Presidential Fellowship is an exclusive award that offers not only financial assistance and academic/professional opportunities, but also adds prestigious value to each recipient’s resume. Available for full-time, campus-based programs only.
Fulbright Scholarship
Amount Varies
Thunderbird is proud to fund several Fulbright scholars from around the world each year. Please contact your local Fulbright office for further information on opportunities.

Donor-directed, enrolled-student scholarships (full-time students only)

United States Steel Scholarship An entering student scholarship for a full-time enrolled student who is a U.S. citizen. Award is based on academic performance in undergraduate studies and leadership qualities. Sons or daughters of the USS Corporation or its eligible subsidiaries are given preference.
Sherman Hazeltine Endowed Scholarship For qualified candidates with experience in banking (preference given to those with international banking experience who seek to continue a career in international banking).
The President Roy A. Herberger, Jr. Fellows Endowment For candidates with superior academic achievement, high leadership potential, and innovative or unique professional or personal life experiences that would contribute to and enhance the quality of the Thunderbird experience for others.
J.M. Klein Veteran Scholarship Fund An entering or continuing-student scholarship for a veteran of the armed forces or a veteran’s dependent. Must show financial need, scholastic achievement and extracurricular achievements demonstrative of leadership qualities.
James Parshall & Joseph Smith Memorial Scholarship An entering or continuing-student scholarship for U.S. Marine Corps veterans who possess a GPA of 3.0 or greater.

See more donor-funded scholarships for returning students.

Needs-based scholarship assistance — For students showing significant financial need, additional scholarship funds are available after a thorough review of each individual financial situation.

Continuing student grants — The purpose of this program is to honor and award those students in Thunderbird’s full-time, campus-based programs in Phoenix who find time beyond general club membership or campus activities to contribute through leadership and initiative to the quality of life of the Thunderbird community while excelling academically.

Loan programs

Thunderbird participates in a variety of student loan programs from federal and private sources that must be repaid. These programs are outlined below.

The Free Application for Federal Student Aid (FAFSA) is required to determine eligibility for all loans below, except the “Private Education Loan Program” and the “Leo S. Rowe Fund.” For applicable loans, the FAFSA should be submitted by the preferred filing date:

  • Fall trimester — March 1
  • Spring trimester — September 15

 Thunderbird FAFSA code: G01070

Loan programs Thunderbird participates in:

Federal Perkins

Qualifications: Must be a US citizen or legal resident; based on financial need
Award value: Maximum $8,000 per fiscal year 
Interest rate: 5% (fixed)
Loan fees: None
Grace period: 9 months

Direct Unsubsidized Loan

Qualifications: Must be a US citizen or legal resident; not based on financial need
Award value: Maximum $20,500 per year
Interest rate: 6.21% (fixed) on loans originated on or after 7/1/14
Loan fees: 1.072% deducted from disbursement on loans disbursed prior to 10/1/14; 1.073% deducted from disbursement on loans with a first disbursement on or after 10/1/14
Grace period: 6 months

Direct Graduate PLUS

Qualifications: Must be a US citizen or legal resident; not based on financial need
Award value: Up to the published cost of attendance less any other financial aid 
Interest rate: 7.21% (fixed) on loans originated on or after 7/1/14
Loan fees: 4.288% deducted from disbursement on loans disbursed prior to 10/1/14; 4.292% deducted from disbursement on loans with a first disbursement on or after 10/1/14
Grace period: Enters repayment within 45-60 days after graduation or enrollment at less than half time. A forbearance may be arranged with the loan servicers that will align repayment to begin with the Stafford loan.

Dougherty Foundation

Qualifications: Must be a full-time student who is a US citizen and an Arizona resident for a minimum of two years prior to enrollment
Award value: Maximum $1,000 per trimester or $2,000 per 12 months
Interest rate: 5% for first six years of repayment, 8% for remaining repayment period on unpaid balance
Loan fees: None
Grace period: 9 months

Private Education Loan Program: Non-government loans

Qualifications: Must be a US Citizen, legal resident or foreign national with a US citizen or legal resident as co-signer with a good US credit history
Award value: Up to the published cost of attendance per year, depending on lender, credit and other financial aid
Interest rate: Varies depending on lender (Example: Prime +2%, no rate cap, variable or fixed)
Loan fees: Vary depending on credit and lender
Grace period: 6 months

Leo S. Rowe Fund

Qualifications: Must be a citizen of a Latin American or Caribbean country with sufficient other sources of funding, a US student visa, and a GPA of at least 3.0
Award value: $7,500 for 2 terms
Aggregate amount: $15,000
Interest rate: 0%
Special note: Students are expected to return to their home country to assist in development. For more information, please visit their website at www.oas.org/rowe

Student employment (full-time students only)

On-campus 

Federal work-study and non-work-study positions may be available on campus for students and qualified spouses. Generally, these jobs are available in administrative and faculty offices or various other capacities, and range from office support to assisting professors for specific classes, dependent on talents. On average, students work about 10 hours per week and can expect to earn about $1,000 per trimester. Some qualified spouses may work full-time on campus. For a list of available positions, contact Financial Aid at finaid@thunderbird.edu or call +1 602 978-7130 or 800 848-9084.

Federal work-study

Federal work-study positions may be available to eligible US citizens and legal residents. There are opportunities off campus for helping elementary school children with reading and mathematics as part of Thunderbird’s Work-Study Community Service participation. 

Non-work-study

Non-work-study positions may be available to qualified foreign students and students who are ineligible for federal work-study. Foreign students with F-1 visas are eligible to work in the United States. J-1 visa holders need permission from their sponsor to work.

Off-campus 

Some off-campus jobs in the Phoenix/Glendale areas may be available to students and/or spouses. Non-US students and spouses must have appropriate visa documents and Department of Homeland Security (DHS) permission to pursue off-campus positions. For a list of available positions, contact Financial Aid at

or call +1 602 978-7130 or 800 848-9084.

Corporate sponsorship

Thunderbird students may be able to secure sponsorship from their employers for costs associated with tuition, fees or activities related to their degree. Corporations and employers often offer some combination of training or tuition assistance benefits for graduate-degree or continuing-education programs for their employees. The following points may help you frame your discussion with your supervisor or employer’s HR department, should you seek financial support for one of Thunderbird’s programs.

Thunderbird degrees benefit employers directly by:

  • Equipping you with the skills and tools to manage/lead in a global context
  • Providing you with resources for effective leadership and decision making 
  • Offering you access to the brightest minds in global management theory and practice
  • Giving you a hands-on education with real-world assignments and lessons
  • Providing you with cultural experiences inside and outside of the classroom that broaden your global mindset
  • Connecting you to a robust alumni network of peers and professionals around the world

Corporate partners

Thunderbird also seeks Corporate Partnerships with global companies that share our mission and values. As the #1 ranked school for international business, Thunderbird is known around the world for preparing leaders with the global mindsets and cross-cultural management skill sets to lead in today’s diverse business market. This partnership is an agreement between Thunderbird and the corporation to work together to enhance the professional development of their employees. If you believe your employer or organization would be interested in partnering with Thunderbird, contact our Admissions team at admissions@thunderbird.edu.

Veterans Administration Education Benefit

Information on Veterans Education Benefits is available on the U.S. Department of Veterans Affairs GI Bill web site. All individuals receiving educational benefits from VA can call 1-888-GIBILL1 (1-888-442-4551). The automated phone system can answer many of your common questions quickly and easily.

APPLYING FOR BENEFITS

When applying for VA education benefits, please allow eight to ten weeks for processing. The amount of benefits you will receive is determined by the Department of Veterans Affairs and is based on the number of credit hours for which you are enrolled.

New Students
If you have never used VA education benefits at any institution of higher education, you must complete the appropriate application form.

Form 22-1990 Online

  • Montgomery GI Bill, Active Duty (CH. 30)
  • Vocational Rehabilitation (CH. 31)
  • Post-9/11 GI Bill (CH.33)
  • Montgomery GI Bill, Selected Reserve (CH. 1606)
  • Reserve Education Assistance Program (CH. 1607)

Form 22-5490 Online

  • Survivors and Dependents Educational Assistance Program (CH. 35)

Tuition Assistance

  • Tuition Assistance is a Department of Defense program. The program is not administered or monitored by the VA. 
  • To apply, contact your Unit Education Service Officer.

In addition, you will be required to provide one or more of the following documents to Thunderbird’s Veteran Certifying Official at military@thunderbird.edu:

  • DD Form 214: Veteran coming off Active Duty (Chapters 30, 33, and 1607 only) 
  • Certificate of Eligibility (Chapters 30, 33, 1606, 1607, and 35) 
  • Authorization and Certification of Entrance or Reentrance into Rehabilitation and Certification of Status (Chapter 31)
  • Completed Authorization Form (Tuition Assistance)

Continuing Students

If you collected GI Bill benefits at another institution, you must complete one of the following forms to change the place of training.

  • Form 22-1995, if you are receiving benefits through Chapters 30, 32, 1606 or 1607
  • Form 22-5495, if you are receiving benefits through Chapter 35

You will need to submit a copy of the completed form to Thunderbird’s Veteran Certifying Official at military@thunderbird.edu. These are kept for our records only.

YELLOW RIBBON PROGRAM

Thunderbird School of Global Management has elected to participate in the Yellow Ribbon Program. The Yellow Ribbon Program was established by the Post-9/11 Veterans Educational Assistance Act of 2008 (CH. 33). This program allows institutions of higher learning (such as colleges, universities, and other degree-granting schools) in the United States to voluntarily enter into an agreement with the VA to fund tuition and fee expenses that exceed the tuition and fee amounts payable under the Post-9/11 GI Bill. 

Eligibility requirements for new students:

VA  

Only Veterans entitled to the maximum benefit rate (based on service requirements) or their designated transferees may receive this funding. Active duty service members and their spouses are not eligible for this program (child transferees of active duty service members may be eligible if the service members is qualified at the 100% rate). 

Therefore, you may be eligible if:

  • You served an aggregate period of active duty after September 10, 2001, of at least 36 months; 
  • You were honorably discharged from active duty for a service connected disability and you served 30 continuous days after September 10, 2001;
  • You are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a Veteran’s service under the eligibility criteria listed above.

Thunderbird

  • GMAT at the 50% of country average or GRE at the 50th percentile, if applicable.
  • Undergraduate or Graduate GPA at or above 3.000. 

RESOURCES

Military Branch of Service

National Guard and Reserve

FOR MORE INFORMATION

Thunderbird offers exclusive support services and opportunities for US military members through our Lt. General Yount Program for Military Service. Learn more about the Yount Program or email military@thunderbird.edu for more information. For specific veteran information, email Thunderbird’s Veterans Certifying Official at military@thunderbird.edu

 

Resources

RESOURCES

Financing your degree can be made easier with the support and assistance of various external programs and resources. 

General information

Scholarship search 

We recommend the following sites when conducting your scholarship search: 

International students

Scholarships


Featured Scholarships
SHARE Fellowship  An alumni-sponsored award that provides up to 100% of tuition for top-tier candidates from emerging markets who intend to return to their country of origin after studying at Thunderbird to further economic and business development. Each SHARE Fellow is also paired with an alumni mentor for the duration of their degree program. Recipients of the SHARE Fellowship will need to commit to working 130 hours during the course of their degree program.
Thunderbird Presidential Fellowship This elite fellowship opportunity is designated for top-tier candidates whose academic ability, regional diversity and professional outlook align with Thunderbird’s highest institutional expectations. Recipients of this fellowship earn $10,000-$20,000 (or more) in awards and have the opportunity to work directly with faculty or administration on a variety of interesting research and initiatives. The Thunderbird Presidential Fellowship is an exclusive award that offers not only financial assistance and academic/professional opportunities, but also adds prestigious value to each recipient’s resume. Available for full-time, campus-based programs only.

Merit-based scholarships

Thunderbird’s merit-based scholarships are designed for competitive applicants who demonstrate above-average

  • Academic performance (undergraduate grade point average, GMAT/GRE scores, etc.)
  • Previous work and/or leadership experience
  • Personal, intellectual and professional fit with Thunderbird’s mission

To be considered for a scholarship for one of our graduate degree programs, please submit a one-page (maximum) statement to admissions@thunderbird.edu describing what makes you a strong candidate for the scholarship. Selection is based on the essay as well as documentation submitted with your application.

These scholarships are awarded in increments of $5,000, up to a maximum of 100% of degree-program tuition. They are awarded in such categories as:

Global Citizenship | Global Mindset | Global Entrepreneurship


Thunderbird Presidential Fellowship
$10,000 - $20,000 (or more)
This elite fellowship opportunity is designated for top-tier candidates whose academic ability, regional diversity and professional outlook align with Thunderbird’s highest institutional expectations. Recipients of this fellowship earn $10,000-$20,000 (or more) in awards and have the opportunity to work directly with faculty or administration on a variety of interesting research and initiatives. The Thunderbird Presidential Fellowship is an exclusive award that offers not only financial assistance and academic/professional opportunities, but also adds prestigious value to each recipient’s resume. Available for full-time, campus-based programs only.

Donor-directed, enrolled-student scholarships (full-time students only)

United States Steel Scholarship An entering student scholarship for a full-time enrolled student who is a U.S. citizen. Award is based on academic performance in undergraduate studies and leadership qualities. Sons or daughters of the USS Corporation or its eligible subsidiaries are given preference.
Sherman Hazeltine Endowed Scholarship For qualified candidates with experience in banking (preference given to those with international banking experience who seek to continue a career in international banking).
The President Roy A. Herberger, Jr. Fellows Endowment For candidates with superior academic achievement, high leadership potential, and innovative or unique professional or personal life experiences that would contribute to and enhance the quality of the Thunderbird experience for others.
J.M. Klein Veteran Scholarship Fund An entering or continuing-student scholarship for a veteran of the armed forces or a veteran’s dependent. Must show financial need, scholastic achievement and extracurricular achievements demonstrative of leadership qualities.
James Parshall & Joseph Smith Memorial Scholarship An entering or continuing-student scholarship for U.S. Marine Corps veterans who possess a GPA of 3.0 or greater.

See more donor-funded scholarships for returning students.

Needs-based scholarship assistance — For students showing significant financial need, additional scholarship funds are available after a thorough review of each individual financial situation.

Continuing student grants — The purpose of this program is to honor and award those students in Thunderbird’s full-time, campus-based programs in Phoenix who find time beyond general club membership or campus activities to contribute through leadership and initiative to the quality of life of the Thunderbird community while excelling academically.

SHARE Fellowship (full-time students only)

Thunderbird believes in the power of business to change lives.

The global economy is being reshaped by emerging markets, where entrepreneurial drive and passion are alive. And Thunderbird is dedicated to helping students from these markets harness their potential. These student leaders are poised to revolutionize business and make an extraordinary impact — and there is no better school to prepare them than Thunderbird.

Funded solely by alumni donations, the Thunderbird SHARE Fellowship provides top-tier candidates from emerging markets with up to 100% of tuition for one of Thunderbird’s top-ranked graduate degree programs. Each SHARE Scholar is also partnered with an alumni mentor and networking partner for the duration of their degree. Recipients of the SHARE Fellowship will need to commit to working 130 hours during the course of their degree program.

Are you ready to SHARE your passion for world?

Contact us today to learn more about this once-in-a-lifetime fellowship opportunity.

Eligibility requirements

SHARE Fellowship awards are available to entering students from emerging countries, as well as disadvantaged American students, who meet Thunderbird’s general admission requirements and have been offered admission through the Office of Admissions. Preference is given to students who plan to return to their region of origin to use their Thunderbird degree to make a difference in the country or region’s economy. Ideal candidates are those who have shown commitment and outstanding performance in other areas of endeavor.

To be considered, students must meet the following requirements, depending on degree program:

MBA in Global Management

  • Minimum of two years of work experience, the nature of which would enable the student to bring input of value to instruction in the program of choice
  • Undergraduate GPA of 3.2 or higher
  • GMAT score of 610 or higher

Master of Science or Master of Arts

  • Undergraduate GPA of 3.2 or higher
  • Equivalent of a GMAT score of 610 or higher on the GRE scoring protocol

Contact Us Today

For more information contact us at admissions@thunderbird.edu, +1 602 978-7100 or 800 457-6966.

Loan programs

It is recommended that international students secure loans from a lending institution in their home country. For students unable to secure funding in their home country, Thunderbird participates in two primary student loan programs from private sources that are available to qualified international students and must be repaid. These programs are outlined below.

Private Education Loan Program: Non-government loans

Qualifications: May be a foreign national with a US citizen or legal resident co-signer who has established good US credit history
Award value: Up to the published cost of attendance per year, depending on lender, credit and other financial aid
Interest rate: Varies depending on lender (Example: Prime +2%, no rate cap, variable or fixed)
Loan fees: Vary depending on credit and lender
Grace period: 6 months

Leo S. Rowe Fund

Qualifications: Must be a citizen of a Latin American or Caribbean country with sufficient other sources of funding, a US student visa, and a GPA of at least 3.0
Award value: $7,500 for 2 terms
Aggregate amount: $15,000
Interest rate: 0%

Special note: Students are expected to return to their home country to assist in development. For more information, please visit their website at www.oas.org/rowe

Student employment (full-time students only)

On-campus 

Federal work-study and non-work-study positions may be available on campus for students and qualified spouses. Generally, these jobs are available in administrative and faculty offices or various other capacities, and range from office support to assisting professors for specific classes, dependent on talents. On average, students work about 10 hours per week and can expect to earn about $1,000 per trimester. Some qualified spouses may work full-time on campus. For a list of available positions, contact Financial Aid at finaid@thunderbird.edu or call +1 602 978-7130 or 800 848-9084.

Federal work-study

Federal work-study positions may be available to eligible US citizens and legal residents. There are opportunities off campus for helping elementary school children with reading and mathematics as part of Thunderbird’s Work-Study Community Service participation. 

Non-work-study

Non-work-study positions may be available to qualified foreign students and students who are ineligible for federal work-study. Foreign students with F-1 visas are eligible to work in the United States. J-1 visa holders need permission from their sponsor to work.

Off-campus 

Some off-campus jobs in the Phoenix/Glendale areas may be available to students and/or spouses. Non-US students and spouses must have appropriate visa documents and Department of Homeland Security (DHS) permission to pursue off-campus positions. For a list of available positions, contact Financial Aid at 

or call +1 602 978-7130 or 800 848-9084.

 

Resources & tools

TOOLS

These tools are provided to help you as you work with Thunderbird’s Financial Aid team on sourcing funding for your degree.

RESOURCES

Financing your degree can be made easier with the support and assistance of various external programs and resources. 

General information

Scholarship search 

We recommend the following sites when conducting your scholarship search: 

 

Executive MBA students

Scholarships 

Merit-based scholarships

Thunderbird’s merit-based scholarships are designed for competitive applicants who need financial assistance. Quality candidates are those who demonstrate:

  • Personal, intellectual and professional fit with Thunderbird’s mission
  • Ability to excel academically in Thunderbird courses
  • Quality work experience which will bring value to your classmates in the cohort

For scholarship consideration, you must first submit your official application and be admitted into Thunderbird’s Executive MBA program. In addition, please submit a one-page (maximum) statement to keaton.allen@thunderbird.edu describing the minimal level of assistance you require and what makes you a particularly strong candidate for a scholarship. Concise and specific examples of your attributes and future plans are encouraged. This essay will be used, in conjunction with your full application, to determine any potential scholarship award. You must also reveal any corporate sponsorship or financial support that you may receive.

Typically, awards will not exceed 20% of total tuition. All scholarship applications submitted will be evaluated on a rolling basis on February 15, April 15, June 15 and July 31.

Limited scholarship funds are available to qualified Executive MBA students. Funds are limited so you are encouraged to request scholarship consideration early. 

Loan programs for US citizens & permanent residents

Thunderbird participates in a variety of student loan programs from federal and private sources that must be repaid. These programs are outlined below.

The Free Application for Federal Student Aid (FAFSA) is required to determine eligibility for all loans below, except the “Private Education Loan Program” and the “Leo S. Rowe Fund.” For applicable loans, the FAFSA should be submitted by the preferred filing date:

  • Fall trimester — March 1
  • Spring trimester — September 15

 Thunderbird FAFSA code: G01070

Loan programs Thunderbird participates in:

Federal Perkins

Qualifications: Must be a US citizen or legal resident; based on financial need
Award value: Maximum $8,000 per fiscal year 
Interest rate: 5% (fixed)
Loan fees: None
Grace period: 9 months

Direct Unsubsidized Loan

Qualifications: Must be a US citizen or legal resident; not based on financial need
Award value: Maximum $20,500 per year
Interest rate: 6.21% (fixed) on loans originated on or after 7/1/14
Loan fees: 1.072% deducted from disbursement on loans disbursed prior to 10/1/14; 1.073% deducted from disbursement on loans with a first disbursement on or after 10/1/14
Grace period: 6 months

Direct Graduate PLUS

Qualifications: Must be a US citizen or legal resident; not based on financial need
Award value: Up to the published cost of attendance less any other financial aid 
Interest rate: 7.21% (fixed) on loans originated on or after 7/1/14
Loan fees: 4.288% deducted from disbursement on loans disbursed prior to 10/1/14; 4.292% deducted from disbursement on loans with a first disbursement on or after 10/1/14

Grace period: Enters repayment within 45-60 days after graduation or enrollment at less than half time. A forbearance may be arranged with the loan servicers that will align repayment to begin with the Stafford loan.
Dougherty Foundation

Qualifications: Must be a full-time student who is a US citizen and an Arizona resident for a minimum of two years prior to enrollment
Award value: Maximum $1,000 per trimester or $2,000 per 12 months
Interest rate: 5% for first six years of repayment, 8% for remaining repayment period on unpaid balance
Loan fees: None
Grace period: 9 months

Private Education Loan Program: Non-government loans

Qualifications: Must be a US Citizen, legal resident or foreign national with a US citizen or legal resident as co-signer with a good US credit history
Award value: Up to the published cost of attendance per year, depending on lender, credit and other financial aid
Interest rate: Varies depending on lender (Example: Prime +2%, no rate cap, variable or fixed)
Loan fees: Vary depending on credit and lender
Grace period: 6 months

Leo S. Rowe Fund

Qualifications: Must be a citizen of a Latin American or Caribbean country with sufficient other sources of funding, a US student visa, and a GPA of at least 3.0
Award value: $7,500 for 2 terms
Aggregate amount: $15,000
Interest rate: 0%

Special note: Students are expected to return to their home country to assist in development. For more information, please visit their website at www.oas.org/rowe

Loan programs for international students

Thunderbird participates in two primary student loan programs from private sources that are available to qualified international students and must be repaid. These programs are outlined below.

Private Education Loan Program: Non-government loans

Qualifications: Must be a US Citizen, legal resident or foreign national with a US citizen or legal resident as co-signer with a good US credit history
Award value: Up to the published cost of attendance per year, depending on lender, credit and other financial aid
Interest rate: Varies depending on lender (Example: Prime +2%, no rate cap, variable or fixed)
Loan fees: Vary depending on credit and lender
Grace period: 6 months

Leo S. Rowe Fund

Qualifications: Must be a citizen of a Latin American or Caribbean country with sufficient other sources of funding, a US student visa, and a GPA of at least 3.0
Award value: $7,500 for 2 terms
Aggregate amount: $15,000
Interest rate: 0%

Special note: Students are expected to return to their home country to assist in development. For more information, please visit their website at www.oas.org/rowe

Corporate sponsorship

Your company does not need to sponsor your degree “financially;” however, Thunderbird requires all Executive MBA participants to have their employer approve (in advance) the necessary leave time in order to accommodate the program schedule.

The minimal support required of your company’s management is their commitment to provide you with this flexibility. Many participants’ companies allow them to use a combination of vacation and paid training time for pursuing the degree.

Corporations and employers often offer some combination of training or tuition assistance benefits for MBA programs in support of talent development.

The following points may help you frame your discussion with your supervisor or employer’s HR department, should you be seeking financial support for Thunderbird’s Executive MBA program.

The Executive MBA benefits your employer directly with:

Improved performance.

The Executive MBA will give you new skills, time away from work to consider the implications of various theories and trends on your industry and company. You will be introduced to best practices and concepts which you can implement immediately following each program weekend.

Strategic recommendations.

You or your firm may be faced with a particular business case that you can use as you pursue your course work in applying theories and concepts. During the Executive MBA program, you will have opportunities to present business scenarios to peers and professors for consideration and feedback, whether for formal course assignments or informal discussions outside of the classroom.

Confidence in your decision-making.

One of the benefits of the Executive MBA experience will be your confidence in the decisions that you make as a manager and in your company’s confidence in you as a leader. You will be better equipped for financial, strategic, market and human capital decisions in a range of areas, resource allocation to organizational communication. And your employer can be confident that you have had training from some of the most elite professors in these disciplines.

Outsourced leadership training and development.

Has your employer identified you as a potential senior manager or rising leader within the organization? What formal succession planning and training will be provided to ensure that you are ready for the highest levels of the organization? The Executive MBA provides your employer with an unparalleled level of training and exposure for you that could not be replicated by a corporate university or series of in-house training programs.

Access to Executive trainers.

Thunderbird’s Executive Education division, with the same dynamic professors as the Executive MBA, is consistently ranked among the top providers of executive training. The professors you will meet in the Executive MBA have consulted for top players in major industries, from Pharmaceutical companies to the Oil & Gas sector. This provides a quality assurance measure for the direct, practical and applicable learning to which you will be exposed during your degree program.

Veterans Administration Education Benefit

Information on Veterans Education Benefits is available on the U.S. Department of Veterans Affairs GI Bill web site. All individuals receiving educational benefits from VA can call 1-888-GIBILL1 (1-888-442-4551). The automated phone system can answer many of your common questions quickly and easily.

APPLYING FOR BENEFITS

When applying for VA education benefits, please allow eight to ten weeks for processing. The amount of benefits you will receive is determined by the Department of Veterans Affairs and is based on the number of credit hours for which you are enrolled.

New Students
If you have never used VA education benefits at any institution of higher education, you must complete the appropriate application form.

Form 22-1990 Online

  • Montgomery GI Bill, Active Duty (CH. 30)
  • Vocational Rehabilitation (CH. 31)
  • Post-9/11 GI Bill (CH.33)
  • Montgomery GI Bill, Selected Reserve (CH. 1606)
  • Reserve Education Assistance Program (CH. 1607)

Form 22-5490 Online

  • Survivors and Dependents Educational Assistance Program (CH. 35)

Tuition Assistance

  • Tuition Assistance is a Department of Defense program. The program is not administered or monitored by the VA. 
  • To apply, contact your Unit Education Service Officer.

In addition, you will be required to provide one or more of the following documents to Thunderbird’s Veteran Certifying Official at military@thunderbird.edu:

  • DD Form 214: Veteran coming off Active Duty (Chapters 30, 33, and 1607 only) 
  • Certificate of Eligibility (Chapters 30, 33, 1606, 1607, and 35) 
  • Authorization and Certification of Entrance or Reentrance into Rehabilitation and Certification of Status (Chapter 31)
  • Completed Authorization Form (Tuition Assistance)

Continuing Students

If you collected GI Bill benefits at another institution, you must complete one of the following forms to change the place of training.

  • Form 22-1995, if you are receiving benefits through Chapters 30, 32, 1606 or 1607
  • Form 22-5495, if you are receiving benefits through Chapter 35

You will need to submit a copy of the completed form to Thunderbird’s Veteran Certifying Official at military@thunderbird.edu. These are kept for our records only.

YELLOW RIBBON PROGRAM

Thunderbird School of Global Management has elected to participate in the Yellow Ribbon Program. The Yellow Ribbon Program was established by the Post-9/11 Veterans Educational Assistance Act of 2008 (CH. 33). This program allows institutions of higher learning (such as colleges, universities, and other degree-granting schools) in the United States to voluntarily enter into an agreement with the VA to fund tuition and fee expenses that exceed the tuition and fee amounts payable under the Post-9/11 GI Bill. 

Eligibility requirements for new students:

VA  

Only Veterans entitled to the maximum benefit rate (based on service requirements) or their designated transferees may receive this funding. Active duty service members and their spouses are not eligible for this program (child transferees of active duty service members may be eligible if the service members is qualified at the 100% rate). 

Therefore, you may be eligible if:

  • You served an aggregate period of active duty after September 10, 2001, of at least 36 months; 
  • You were honorably discharged from active duty for a service connected disability and you served 30 continuous days after September 10, 2001;
  • You are a dependent eligible for Transfer of Entitlement under the Post-9/11 GI Bill based on a Veteran’s service under the eligibility criteria listed above.

Thunderbird

  • GMAT at the 50% of country average or GRE at the 50th percentile, if applicable.
  • Undergraduate or Graduate GPA at or above 3.000. 

RESOURCES

Military Branch of Service

National Guard and Reserve

FOR MORE INFORMATION

Please email Thunderbird’s Veterans Certifying Official at military@thunderbird.edu.

 

Resources

Financing your degree can be made easier with the support and assistance of various external programs and resources. 

General information

Scholarship search 

We recommend the following sites when conducting your scholarship search: 

Be aware that there are disreputable organizations offering assistance in finding scholarships and financial aid. Read more about scholarship scams. 

Credit bureaus 
Your credit score is important to establishing eligibility for funding programs. Obtain a copy of your credit report by contacting one of these agencies: 

  • CBI/Equifax 
  • Experian 
  • Trans Union Corp. 

Education tax benefits 
Read more about higher-education tax incentives.

Additional funding options for international students

Please note: Thunderbird does not have formal agreements regarding the loans or scholarships presented below. You should assess whether the source of funding suits your needs.

Opportunities in your own country 

Some countries allow you to offset course fees and/or living expenses against income tax, which considerably reduces the cost. This usually means that course fees have to be paid in the same year that you earn taxable income. We recommend that you investigate such options within your own country of origin. It is best to speak with a tax advisor or national tax office regarding the possibility. 

Worldwide funding 

Some organizations offer financial aid to participants, regardless of nationality. 

Other sources for grants, scholarships and loans 

  • Universities & The Ministry of Education in your country 
  • The Swiss Embassy 
  • National associations, organizations & foundations 
  • Community groups & charities 
  • Religious organizations 
  • Company sponsorship 
  • Family, relations or friends 

For more information, contact Thunderbird’s Executive MBA team at emba@thunderbird.edu. For specific financial aid inquiries, email finaid@thunderbird.edu or call +1 602 978-7130 or 800 848-9084. 

Please keep in mind, the total financial assistance you are eligible to receive through institutional and outside scholarships, federal and private loans is limited by the published cost of attendance. Items taken into consideration include tuition, fees, health insurance, average housing, meals, books and supplies, transportation, and personal expenses for the student.