Full-time, part-time, and Executive MBA grads from NYU Stern who are pursuing career paths in social enterprise will be able to benefit from its new Loan Assistance Program, NYU Stern announced. NYU Stern is providing most of the funding, with the support of its Social Enterprise Association MBA Club, and some assistance from the Class of 2010 MBA Legacy gift.
Within the first 10 years of their graduation, MBA grads who earn up to $100,000 may apply annually to NYU Stern’s Graduate Financial Aid Office for the Loan Assistance Program. They have the potential to receive up to $15,000 each year, based on a sliding scale, which is one of the highest amounts from business schools. Plus, compared to peer schools, Stern has broadened the definition of eligibility: “Graduates may apply if they work in a US or international organization with a socially oriented mission, including not only tax-exempt organizations, government agencies and nonprofits, but also L3c and certified B companies.”
The applications are due by November 1. Current MBA students graduating this May can pre-apply for the program up until June 15, with the awards contingent upon their meeting the program’s criteria by November. Beginning in 2013, the pre-application deadline will be February 1.