Bloomberg Businessweek looked at the financial aid packages awarded by the 50 top ranked US undergraduate business programs to see who had the most generous programs. Bloomberg then ranked the schools based on what they call the discount rate (the amount of total costs covered by aid, specifically institutional scholarships and grants paid for directly by the school) and the number of students receiving such aid. The top schools were:
1) University of Tulsa
2) Rensselaer Polytechnic University
3) Fordham University
4) Case Western Reserve University
5) Massachusetts Institute of Technology (MIT)
Too see the full ranking, click here.
So how does IE University stack up? Pretty well, in fact so well that it likely would be a top 5 school if there were an international version of the Financial Aid ranking. Fully 60% of undergraduate business students (BBA degree candidates) receive financial assistance directly from IE Financial Aid. Annual tuition at IE University for BBA students currently stands at 18.000€ per year (about US$22.750) plus about another 10.000€ (about US$12.650) – or grand total of US$35.400 for each of the 4 or 5 year degree. Average aid awarded was approximately 9.000€, or about 50% of tuition fees. Grants are awarded based on financial need, academic excellence, IB scores and entrepreneurial initiative.
To learn more about Financial Aid option for the BBA degree at IE University, click here.