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Finding the right scholarship

We know that funding your education is one of the most important parts of business school. To help offset the costs, we offer a variety of different scholarships based on merit or financial need to newly admitted students, as well as second-year MBA students.

Admitted students are automatically considered for Kellogg scholarships. Students receive a notification from admissions at the time they are admitted if they have been selected for one of our scholarships. Finance Fellows are the only exception – they are required to write a supplemental essay housed within the Kellogg application.

We also encourage students to look outside of Kellogg for additional funding opportunities. Financial aid officers are available to provide guidance or assistance in this process.

Kellogg scholarship opportunities

Austin Scholars

The Austin Scholarship is one of the largest Kellogg offers to incoming students. In addition to generous financial aid, the F.C. Austin Scholars Program also provides students with opportunities for leadership development and fellowship, including mentorship from three of Kellogg’s most revered faculty members, fireside chats with industry leaders and executives, and a rich community among their Austin cohort and the vast Austin Scholar alumni network.

The F.C. Austin Scholarship is awarded at the time of admission to a select cohort of high-potential students within the Two-Year and MMM Programs. Austin Scholars are selected because they have demonstrated exceptional leadership in academic and professional endeavors and show promise of outsized impact at Kellogg and beyond.

Finance Fellows

Finance Fellows is a full-tuition scholarship for students in the Two-Year Program who are committed to making an impact in a finance industry or function. The program offers specific engagement opportunities with notable finance leaders and mentorship with Kellogg alums and faculty.

In order to be considered for Finance Fellows, candidates must complete an additional essay in the Financial Aid form. This form will become available on the applicant’s status page after they submit their application. You will be asked to write 250 words about, “What excites you about finance? How do you plan to make an impact as you pursue a finance career after earning your Kellogg MBA?”

Applying for the Finance Fellows award is optional and will not impact our review of your Kellogg application. In order to be considered, the form must be completed by the deadline indicated in the application portal.

Additional Kellogg scholarships

Africa Scholars — Awarded to citizens of African countries to provide opportunities to admitted students from Africa.
Brodsky Scholarship — Awarded to an incoming JD-MBA student from the Chicagoland area.
Charles J. Schaniel Scholarship — Awarded to an outstanding student with an interest or background in accounting.
David Himmelblau Scholarship — Awarded to one student based on overall achievement and academic abilities.
David F. and Margaret T. Grohne Family Foundation Scholarship — Provides support to an exceptional student in the Two-Year MBA and MMM programs.
Diversity Scholarship — Awarded to extraordinary students who share a commitment to diversity.
Donald P. Jacobs International Scholarships — Awarded to strong international students in the Two-Year MBA and MMM programs.

Forté Foundation Scholarship — Awarded in partnership with the Forté Foundation to female students based on a demonstrated commitment to women and girls via community involvement or personal mentorship.

Glen W. Fawcett Scholarship Fund — Awarded to a strong representative of Phi Delta Theta Fraternity.
George Terry Trust Award — Awarded to an outstanding student graduating from a U.S.-based college or university.
Hawryluk Scholars Award — Awarded to a group of students with interest and goals in healthcare, and inclusive of mentorship from alum and Healthcare faculty.
Healthcare at Kellogg Scholarship — Awarded to an outstanding student interested in pursuing a career in healthcare.
James P. Gorter Scholarship — Awarded to outstanding students who share a commitment to diversity in the Two Year MBA or MMM program.
John R. Flanagan Excellence Grant — Awarded to a student with outstanding merit with an interest in finance.
Kellogg Finance Network (KFN) Scholarship — Awarded to a student with outstanding merit with an interest in finance.
Kellogg Scholarship — Awarded to students in our full time programs based on overall achievements, demonstrated leadership and academic abilities.
Peter L. Frechette Endowed Scholarship — Awarded to students demonstrating exceptional academic and extracurricular pursuits.
PepsiCo Scholarship — Awarded to outstanding students with an interest and/or background in marketing.
Posse Scholarship — Provides full tuition, awarded to extraordinary alums of The Posse Foundation Scholars Program with academic and leadership potential
Reaching Out MBA Fellowship — Kellogg partners with Reaching Out MBA and offers scholarship opportunities to develop the LGBT business leaders of tomorrow.
Robert A. & Helen E. Gottschal Scholarship — Awarded to an extraordinary student with an interest in entrepreneurship.

Scholarships for students in their second year

There are a number of additional scholarship opportunities for students entering their second year at Kellogg who have demonstrated strong leadership and academic excellence.

Zell Fellows

The Zell Fellows program is one of Kellogg’s most exciting opportunities for students interested in starting a new venture or acquiring an existing one. The program is open to Kellogg students in the One-Year MBA or any student in their second year of the Two-Year, MMM, JD-MBA or MDMBA programs. Students in the Evening & Weekend Program who can be available for all activities are also welcome to apply.

All Fellows participating in the program will receive:

  • Mentorship from track faculty, outside advisors and practitioners, who share their experience as well as provide guidance on the practical aspects of launching or acquiring a business
  • Experiences, including visits with Chicago-area entrepreneurs; leadership and executive presence workshops and private coaching; and both domestic and international treks to visit successful entrepreneurs, Zell Fellows alumni and the other schools that are part of the Zell Global Entrepreneur Network
  • Resources, both financial and from vetted service providers, to put towards their businesses and entrepreneurial journey
  • Community, within their own Kellogg cohort, with other Kellogg Zell alumni, and with participants and alumni of the programs at other schools that are part of the Zell Global Entrepreneur Network

McGowan Fellows Program

The William G. McGowan Charitable Fund partners with 10 top business schools to select 10 Fellows annually. Kellogg School of Management is charged with selecting one second-year MBA student who demonstrates the highest academic excellence, leadership potential, and dedication to public service.

The scholarship provides full tuition for their second year of MBA study, a mentor chosen by their home school, and lifelong membership in the Community of Fellows.

McGowan Fellows Program for Second-Year Students provides full tuition to one second-year MBA student who demonstrates academic excellence, leadership potential and dedication to public service.

The McGowan Fellows Program was established in 2010 to create a select community of highly talented, young business leaders who are dedicated to ethical leadership and public service. Over time, the Fellows can exert significant influence toward the betterment of society and the workplace.

A selection committee comprised of Kellogg faculty and administrators will select the McGowan Fellow.

Read more information about the William G. McGowan Charitable Fund.

Contact us about financial aid for Full-Time MBA Programs.

Meet our team
Kellogg Office of Financial Aid
2211 Campus Drive
Evanston, IL 60208
Monday - Friday
8:30 a.m. to 5 p.m.