Financial Aid FAQs

Scholarships, Fellowships, and Sponsorships

Does Tuck award scholarships in the second year?

Students who do not receive scholarships in their first year should not expect to receive scholarships in their second year. That said, there a couple of opportunities based on academic excellence in the first year.

Does Tuck participate in the Yellow Ribbon Program?

Tuck participates in the Yellow Ribbon Program (YRP) for admits who are 100 percent benefit-eligible under the Post-9/11 GI Bill®, with no limit on the number of eligible veterans who may enroll. 

GI Bill® is a registered trademark of the U.S. Department of Veterans Affairs (VA). More information about education benefits offered by VA is available at the official U.S. government website at https://www.benefits.va.gov/gibill.

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Tuition and Cost

What happens to my non-refundable enrollment deposit once I submit it?

Your non-refundable enrollment deposit confirms your place in the incoming class and will be applied as a credit toward your first-term student account statement. 

How does Tuck arrive at the cost of attendance?

The allowable costs are based on a number of factors. Some of these costs are set by the school, such as tuition, mandatory fees, health insurance and on-campus housing. Other costs such as off-campus housing, books, supplies, and miscellaneous personal expenses are based on estimates obtained from current students, local real estate, and the consumer price index for the Northeast region of the U.S. Because of this, the actual cost for each individual will vary based on their individual lifestyle choices.

What is not included in the cost of attendance?

The Higher Education Act does not include allowances for consumer debt, such as auto loans, credit cards, and undergraduate student loans. Additionally, living expenses for a student’s partner or dependents are not allowed in the cost of attendance. You will need to plan to cover these additional expenses using your own resources.  

What is the miscellaneous component included on the student budget?

The miscellaneous allowance covers typical day-to-day living expenses, such as personal care items, additional health costs, seasonal clothing, and recreation. For students living off campus, it also includes reasonable allowances for transportation, such as vehicle maintenance and insurance. It does not include funding for extensive or discretionary travel. 

How much will the global requirement cost?

Costs will vary depending on the program you participate in to fulfill the requirement. Students may be required to pay for international airfare and personal incidentals.

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Loan Programs

How long does it take to pay back student loans?

This will vary depending on the types of loans you borrow. Tuck institutional loans are historically paid in full in an average of three to five years.

Does Tuck offer loan forgiveness?

Tuck does not offer a loan forgiveness program. Some employers may offer loan forgiveness as part of your compensation package. The federal loan program offers various repayment plans that may allow for some loan forgiveness, though this is subject to change.

What if I change my mind about borrowing loan funds?

Applying for a loan does not obligate you to borrow the full amount. You can choose to reduce or decline the loan at any time during the academic year, and we can assist you with the process. 

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International Students

Does Tuck offer funding for international students that does not require a U.S. cosigner?

There are a number of options for international students that do not require a U.S. co-signer.

Should I submit proof of funding when I apply for admission to Tuck?

No. Admission decisions are based solely on qualifications, not financial circumstances. Once you are enrolled, you will be asked to provide proof of funding for the full two years of the MBA program. 

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Financial Aid Eligibility

Why do financial aid packages differ, and why isn’t a private loan included?

Financial aid at Tuck is tailored to each student’s individual circumstances and financial needs. Factors such as your personal financial profile and specific loan requirements determine which types of loans you may be eligible to borrow. Tuck does not offer private loans directly; if you wish to pursue one, you would need to apply independently through an outside lender.

What is the difference between financial aid and scholarship?

At Tuck, scholarships and financial aid are considered separate. Scholarships are awards that recognize students who will make significant contributions to Tuck’s immersive learning community and do not need to be repaid. 

Financial aid refers to funds that a student borrows, which must be repaid after graduation. This can include federal loans, institutional loans provided by Tuck, or private loans. 

There is no separate application for scholarships. Scholarship decisions are communicated during the admissions process, while financial aid options are shared at a later date. All students are eligible to apply for financial aid in the form of loans. 

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Financial Aid Office Resources

What kind of assistance can the Tuck Financial Aid Office provide to students?

The Financial Aid Office works with students to identify potential sources of financial assistance including scholarships, fellowships, and loans. We can guide you through the financial aid process by providing financial counseling in the following areas: assistance in developing budgets, tips on managing living/educational expenses, information regarding loan repayment, and other student-related financial matters.

Are financial aid staff also tax professionals?

No, Financial Aid Office staff are not tax professionals. For tax-related questions, we recommend consulting a qualified tax advisor or visiting the IRS website.

Are there opportunities to earn income while enrolled at Tuck?

Yes. Tuck offers several paid opportunities for second-year students, including positions as research assistants, teaching assistants, fellows, and ambassadors. Students receive more information about these roles during their first year.

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