External Scholarship and Funding Resources

UALR graduate prospective students are urged to examine sources of funding to assist with financing their MBA education. The following sites and resources may be useful in your research, but we also encourage you to contact your employer, as well as professional and personal group affiliations.


Federal Funding - Student Loans

Federal student loans are the primary source of funding for MBA students. Any student who wishes to be considered for a federal student loan must complete the Free Application for Federal Student Aid (FAFSA) on the web. This should be completed in conjunction with your program application, and the FAFSA application does not obligate you to assume any loan funding. In order to initiate funding, you must have a decision from the program, and your eligibility report from FAFSA. Students must either be a U.S. Citizen or Resident Alien in order to be eligible forfederal student loans.

Funding For Minority Students

NSHMBA Scholarship
Students of Hispanic heritage or students with a demonstrated commitment to the Hispanic community who have been admitted may be named a NSHMBA Scholar. Scholars receive:

  • a complimentary full conference registration for the NSHMBA Annual Conference & Career Expo during their award year
  • recognition on the NSHMBA website and other materials as a University Partnership Program scholar
  • connection with local NSHMBA Chapter(s)

The Congressional Hispanic Caucus Institute
This premier scholarship opportunity is afforded to Latino students who have a history of performing public service-oriented activities in their communities and who plan to continue contributing in the future. Students with excellent leadership potential are encouraged to apply.

Hispanic Scholarship Fund
The Hispanic Scholarship Fund collaborates with foundations, institutions and other partners in the non-profit sector at every level in order to advance our urgent mission of reversing the pattern of Latino under-education.

American Indian Graduate Center
To be considered for an AIGC fellowship the applicant must be: pursuing a post baccalaureate graduate or professional degree as a full time student at an accredited institution in the U.S., able to demonstrate financial need, and an enrolled member of a federally recognized American Indian tribe or Alaska Native group, or provide documentation of descent (possess one-fourth degree federally-recognized Indian blood).

Minorities in Government Finance Scholarship
The Government Finance Officers Association offers a Minorities in Government Finance Scholarship of $5,000, awarded to outstanding U.S. and Canadian minority students preparing for careers in state and local government finance.

Funding For Female Students

American Association of University Women
AAUW awards fellowships to underrepresented minority women who intend to pursue a full-time course of study in an MBA program. Award amounts range from $5,000 to $12,000.

Funding For Veterans

Post-9/11 GI Bill
The new Post 9/11 GI Bill provides education benefits for service members who have served on active duty for 90 or more days since Sept. 10, 2001. These benefits are tiered based on the number of days served on active duty, creating a benefit package that gives current and previously activated National Guard and Reserve members the same benefits as active duty service members.

Montgomery G.I. Bill
The Montgomery G.I. Bill is intended for veterans who entered the service after July 1, 1985, served two years of continuous active duty, accepted a $100-a-month reduction in their military pay for the first twelve months of service, and received an honorable discharge.



Institute of International Education (IIE)
IIE, which seeks to foster educational exchange, has great resources for exchange students.

International Education Financial Aid (IEFA)
IEFA is the premier resource for financial aid, college scholarship, and grant information for US and international students wishing to study abroad. At this site, you will find the most comprehensive college scholarship search and grant listings plus international student loan programs and other information to promote study abroad.

Country Specific

Educational Loans for German Students a resource on student loans for German students

NOVA- Italian MBA Association – a resource for Italian students on how to finance an MBA.

Instituto Ling a resource for scholarships available to Brazilian students.

Fundacao Estudar a resource for scholarships available to Brazilian students.

Fundacion Ramon Areces  a resource for scholarships available to Spanish students.

La Caixa a resource for scholarships available to Spanish students.

Becas M.O.B.  a resource for scholarships available to Mexican students.

COMEXUSa resource for scholarships available to Mexican students.