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Financing Your Degree

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Financial Aid

All admitted and eligible students will be awarded federal financial aid resources, provided that they complete the 2022-2023 FAFSA and submit all necessary items to the Howard University Financial Aid Office. Federal School Code: 001448

STEP 1

Submit a FAFSA / Renew a FAFSA

Your first step is to complete the Free Application for Federal Student Aid (FAFSA). Your FAFSA is processed in several stages before it is complete and on file in the Office of Financial Aid, Scholarships, and Student Employment.

STEP 2

Accept Your Aid Package

A Financial Aid Award Package that details your financial aid awards will be mailed to you. The purpose of the award package is to show you what aid is available if you decide to attend Howard University. Read the instructions carefully. You must report additional benefits or gift aid (scholarships and grants) that are not included in this award package. If you make changes to the award, please date, sign, and return the notification to the Office of Financial Aid. If you wish to reduce the amount of your loan, please contact the office.

STEP 3

Receive Your Aid

Your aid may be adjusted according to your actual enrollment at the time you register. Aid is disbursed each semester to a student account created in your name when you are admitted to the University.

STEP 4

Maintain Your Eligibility

To remain eligible for financial aid, you must meet the standards set forth in Howard University’s financial aid policy on Satisfactory Academic Progress (SAP).

Types of Federal Loans available for our graduate programs

  • Federal Direct Unsubsidized Loan ⁠–⁠ There is no requirement to demonstrate financial need. H.U. will determine the amount a student can borrow based on the cost of attendance and other financial aid the student receives. The student is responsible for paying the interest on an Unsubsidized Direct Loan during all periods.
  • The Direct Graduate PLUS Loan ⁠–⁠ Available to graduate, or professional students enrolled at least halftime in an eligible degree program. H.U. will determine the maximum loan amount based on the cost of attendance minus any other financial aid the student received.

Scholarships

Students pursuing Howard’s Online Master of Business Administration are eligible for multiple scholarships, including:

  • Howard School of Business Endowed Scholarships: Alumni, corporate partners and community members fund Howard School of Business Endowed Scholarships and HU awards them based on need, academic excellence, test scores, application materials, MBA essays and applicants’ contributions to their field of study.

  • Howard University Donor Scholarships: Graduate students in good standing who submit the brief Donor Scholarship application may qualify for multiple donor-funded scholarships.

  • The Howard University Endowed Scholarship for Delta Sigma Theta Sorority Members: Full-time and part-time MBA candidates who are current or alumni members of the Delta Sigma Theta Sorority and have a minimum GPA of 3.25 can apply for the Delta Founders and Past National Presidents Endowed Scholarship.

Scholarships Open to HBCU, Black and Howard Online MBA Students

Finding scholarships open to students in online graduate-level programs, students in part-time MBA programs and minority graduate students can be challenging. These links can get you started and help guide your future scholarship searches:

  • The National Black MBA Association (NBMBAA) awards two $10,000 scholarships and one $5,000 scholarship to current members pursuing MBAs at Howard University School of Business.

  • The Hennesey Fellows scholarship awards high-achieving graduate students from HBCUs up to $20,000 per academic year for up to two years plus a one-time $10,000 stipend.

  • The Thurgood Marshall College Fund (TMCF) teams up with corporate and nonprofit partners to offer merit and need-based scholarships to students attending TMCF member-schools like Howard University.

  • UNCF awards more than $100 million to HBCU scholars each year. While Howard isn’t one of UNCF’s partner HBCUs, some UNCF scholarships are open to HU students.

External Scholarships

You can use the following databases to search for external scholarship opportunities.

There are many different sources of external scholarships for graduate programs. Please reach out to your Enrollment Advisor for more information. Click here to review a list of potential grants and scholarships.

Employer Assistance

You may be able to take advantage of tuition reimbursement through your employer. These programs can cover a portion or all of the tuition costs.

To see if your company offers a tuition reimbursement program or other employer assistance, contact your human resources department. They will be able to tell you if there is a program in place and any rules and restrictions that apply. If you have further questions about the Howard University’s Online MBA programs, speak with an Enrollment Advisor at onlinebusiness@howard.edu or 202-921-3413.

Military Benefits

Howard University is an approved institution for veterans to utilize their educational benefits. As a veteran you are entitled to certain benefits under the various Veterans Administration programs.

For questions or information regarding eligibility to receive VA education benefits or for current pay rates, please contact the Dept. of Veterans Affairs at 1-888-442-4551 or visit the VA website at gibill.va.gov. You can also start your application for VA education benefits here: https://www.vets.gov/education/apply/

Ready to Get Started on Your Online MBA?

Please enter your first name.
Please enter your last name.
Please enter a valid email address.
Please enter a valid phone number (numbers only).
Please enter a valid postal code.
Please select the program you're interested in.
Please select your highest level of education.

By providing my information and clicking the “Submit” button, I consent to be contacted via telephone (including a cell phone, if provided), email, and text message about the Program selected above.