Financing Your Education
Financial assistance for full-time master’s degree business students, including international students, is available from the Darla Moore School of Business in the form of fellowships, fee reductions, and work grants. These are awarded on the basis of merit. Exceptional applicants may receive a combination of awards.
The Academic Common Market (ACM) was established to help out-of-state students reduce the costs of graduate study. Under the ACM agreement, a nonresident student may pay in-state fees provided the institution they wish to attend is a member of the ACM and no comparable program is available within their home state. Of the 16 member states of the ACM, some offer programs in economics, thus, residents of those states would not be eligible for the reduced costs for out-of-state programs. Please review the ACM website for further information.
Federal loan programs are available to graduate business students through the USC Student Financial Aid Office. The priority deadline to apply is late February or early March. For details, call 1.803.777.8134 or visit their Web site at www.sc.edu/financialaid.
International students should visit the International Students Services Web site at www.sa.sc.edu/iss/funding.shtm for additional information concerning funding opportunities.
For a selected list of national fellowships and scholarships, please visit the Office of Fellowships & Scholar Programs online at http://www.sc.edu/ofsp/national.html.
Fellowships are highly competitive and are awarded to incoming master's students with outstanding academic and/or professional accomplishments. Selection criteria include, but are not limited to, leadership potential based on community service and extracurricular activities, standardized test scores, academic background, and work experience.
Other Resources for Financial Assistance for U.S. Domestic & International Candidates
- Access Group No-Fee Student Loans: Federal Stafford Loans for graduate and professional students. Loans for U.S. citizens and eligible non-citizens. For additional information go online to www.accessgroup.org or call 1.800.282.1550.
- Graduate Incentive Fellowship Program: This fellowship is to aid in the financial need of African-American graduate students to attend the University of South Carolina. For additional information view or download the Graduate Incentive Fellowship Program PDF.
- Fulbright: Many international students have come to the Moore School on Fulbright scholarships. The Fulbright Commission has offices all over the world.
"As an international student, your possibilities during the Internship are endless. I am from Costa Rica. I did my internship with DHL Worldwide Express in the UK and worked in a project in Eastern Europe. I did all of this during one semester full of real challenges in a truly international environment. What other program can give you this?" - Paul Brealy, Costa Rica (MIBS '02)
- EduPass: http://www.edupass.org/finaid/loans.phtml
- Other Sources for Internationals (PDF doc requires Adobe Acrobat reader)
- World Bank: The World Bank offers scholarships to international students seeking degrees in the United States. As stated on the World Bank Web site: "The objective of the scholarship and fellowship programs is to help create an international community of highly-trained professionals working in the field of economic and social development." For more information, go to: http://www.worldbank.org/wbi/scholarships/
- NAFSA: Association of International Educators NAFSA serves the field of international education -- professionals in international education, institutions of higher education, and international and U.S. study abroad students -- by providing grant and scholarship opportunities. More information and detail may be found online:
- In Latin American and the Caribbean
- The Leadership Fellowship Program for Latin America and the Caribbean is a program founded by the W.K. Kellogg Foundation administered by LASPAU, Academic and Professional Programs for the Americas. More details about the fellowship may be found online.
- The Leo S. Rowe Fund grants student loans to competent persons from Latin America and Caribbean countries, members of the Organization of American States, to help them finance their higher education studies in the United States, with the understanding that, upon completing those studies, they will be in a position to give their respective countries the benefit of their training. http://www.oas.org/rowe/purpose.asp
- In Chile:
- In Colombia:
- Colfuturo is a non-profit organization with an endowment of more than $15 million donated by a group of private and public Colombian institutions.The main purpose of Colfuturo is to assist Colombian students wishing to enroll in a graduate program anywhere in the world. More information about Colfuturo may be found online: http://www.colfuturo.com/