Scholarship Terms and Conditions

Full-time MBA | ASU AdvantEDGE | Graduate Academic Partnerships

W. P. Carey Scholarship Terms & Conditions

Eligibility Requirements

Students must adhere to all academic and financial policies set forth by the W. P. Carey School of Business. W. P. Carey scholarships are subject to ASU rules, policies, terms and conditions that govern financial aid awards at https://students.asu.edu/policies/accepting-aid. Students must adhere to all ASU Policies: https://eoss.asu.edu/dos/Policies.

Domestic and US permanent residents must have a completed Free Application for Federal Student Aid (FAFSA) submitted to the ASU Financial Aid Office, regardless if they intend to use federal student aid offers.
Scholarships are initially awarded for full time enrollment and may be prorated or forfeited based on actual enrollment, where permissible.

Limitations

W. P. Carey scholarships cannot be applied to tuition and fees of another program at Arizona State University, including academic programs offered through the W. P. Carey School of Business. Scholarship offers made prior to a student’s Graduate College approved Leave of Absence are not guaranteed to renew upon a student’s return to studies.

The W. P. Carey School of Business reserves the right to adjust or cancel an award offered by the school at its sole discretion.
Scholarship awards cannot be applied towards continuous enrollment courses and are not guaranteed to renew upon a student’s return to regular studies.

Students must submit an appeal to request renewal of any previous scholarship offers. To appeal, submit a letter of appeal requesting renewal of previous scholarship offers to:

Graduate Admissions
W. P. Carey School of Business
Attn: Director of Admission and Recruitment
McCord Hall
PO Box 874906
Tempe, AZ 85287-4906

Letters of appeal should include a student’s full name and ASU student ID number. Students can also email their appeal letter to [email protected]. Appeals will be reviewed by the Director of Admission and Recruitment. Decisions will be sent to a student’s ASU student email within 7-10 business days from the time their appeal letter is received.

Concurrent Degree

Students who are eligible to enroll in a concurrent degree program within the W. P. Carey School of Business will be assessed full Program Tuition and applicable ASU Graduate Tuition and University Mandatory Fees for a second degree program. A second application fee and program deposit will be required for a second W. P. Carey degree.

Private Donor Scholarships

A portion of a student’s W. P. Carey scholarship may include private donor funding that carries a “named” award. If a student is selected for a private donor scholarship, their W. P. Carey scholarship may be reduced by the dollar value of the private donor award received. An additional scholarship letter explaining the details of a donor named recognition will be sent to recipients. Receiving other university awards may also require a reduction in a student’s W. P. Carey scholarship.

Additional Forms of Financial Aid

Students may apply for additional forms of financial aid to pay for educational expenses not covered by their W. P. Carey scholarship:
Scholarships: https://students.asu.edu/scholarships
Student Loans: https://students.asu.edu/loans

Estimated Tuition & Mandatory Fees

All amounts shown in the Tuition and Fees Schedules or in other University publications or web pages represent tuition and fees as currently approved. However, Arizona State University reserves the right to increase or modify tuition and fees without prior notice, upon approval by the Arizona Board of Regents or as otherwise consistent with Board policy and to make such modifications applicable to students enrolled at ASU at that time as well as to incoming students. In addition, all tuition amounts and fees are subject to change at any time for correction of errors. Finally, please note that fee amounts billed for any period may be adjusted at a future date.

Third-party Sponsorship

Students that use third-party sponsorship (e.g., VA benefits), which covers the direct cost of tuition and fees that would be covered by a W. P. Carey scholarship, may have their scholarship awards reduced or canceled as scholarships are not generally intended to create a cash refund to students, unless otherwise indicated in a student’s award letter.

Deferment

If a student is awarded a scholarship from the W. P. Carey School of Business, but does not begin their program during the admitted semester or is granted a deferment to a later term, the scholarship will be forfeited and canceled. A new scholarship application must be submitted for consideration in the deferred term.

Full-time MBA Awards

Full-time MBA students who are recipients of a merit award that covers 100% of tuition and fees for the Full-time MBA program receive sufficient funding to cover the following costs each semester:

W. P. Carey Program Tuition
ASU Graduate Tuition
University Mandatory Fees‡

‡University Mandatory Fees consist of the following: Resident Surcharge (AZ residents only), Financial Aid Trust, Health and Wellness, Technology, Student Service Facility, Student Programs, Student Athletics and Recreation fees. The Full-time MBA awards package does not cover university non-mandatory fees, books and supplies, or personal/living expenses. University non-mandatory fees include, but are not limited to, Student Health Insurance, ASU Sun Card, International Student Fee, Parking Permit.

Scholarship funding that exceeds the cost of tuition and university mandatory fees during a semester will result in a credit to a student. This credit will be applied to any non-mandatory fees posted to a student’s account at the time of scholarship disbursement.

The Full-time MBA award value is based on residency information a student provides at the time of admission and the associated program costs. Should a student’s residency status change, the W. P. Carey School of Business reserves the right to adjust a student’s scholarship award accordingly.

Graduate Assistantships (GA)

Full-time MBA award packages include a graduate assistantship*

Work Requirement: Average of 10 hours each week at the W. P. Carey School of Business
Stipend: $24,586 over the course of the two-year program
Students receive a bi-weekly paycheck through the academic year

* If a student declines their graduate assistantship (GA), the associated GA tuition benefits (RA/TA Remission, RA/TA Scholarship) will be cancelled and replaced by an equivalent amount of program scholarship funding. Declining a graduate assistantship will not impact our initial level of scholarship commitment.

Outside Employment for Full-time MBA students

Experience has shown that successful participation in the two-year, Full-time MBA program requires continuous and substantial expenditure of time in excess of that which students’ past educational endeavors have demanded. W. P. Carey has determined that outside employment and other outside substantial time commitments are inconsistent with the program’s design and adversely impacts not only the individual student’s learning experience, but also that of the cohort. Accordingly, for the benefit of the program and student alike, W. P. Carey prefers that participants devote their full time and effort to the program. Therefore, outside employment or other substantial outside time commitment (greater than 5 hours/week) is strongly discouraged.

ASU AdvantEDGE program

The AdvantEDGE program is for benefits-eligible faculty and staff, their legal spouses, and dependent children. ASU employees, legal spouses, or dependents must submit and be eligible for Qualified Tuition Reduction benefits each semester the award is offered to receive the award.

ASU employees, legal spouses, or dependents must be benefits-eligible at the program’s start to receive the ASU AdvantEDGE award.
ASU employees, spouses, or dependents are expected to self-identify in the employer section of the graduate application and complete the self-identification form to be considered for the ASU AdvantEDGE award.
Eligible recipients of ASU AdvantEDGE must complete the self-identification form no later than 30 days before each semester of your program.
If an enrolled student loses their Qualified Tuition Reduction (QTR) benefits because they or their eligible family member end their ASU employment during the program, any unused ASU AdvantEDGE award will be forfeited.
Students who withdraw from their program, voluntarily or involuntarily will forfeit any unused ASU AdvantEDGE award.
ASU employees, spouses, or dependents using QTR benefits are responsible for all tuition and fees not covered by QTR or the ASU AdvantEDGE award.

The ASU AdvantEDGE award is applied toward the balance of tuition and fees. In the event of a zero balance, no additional funds will be applied to create a cash refund.

The ASU AdvantEDGE award cannot be combined with any other scholarship offered through the W. P. Carey School of Business except for the W. P. Carey Employee Scholarship.
Legal spouses and dependents of WPC employees are not eligible to receive the WPC Employee scholarship.
W. P. Carey reserves the right to adjust scholarship amounts based on outside funding sources a student may receive that applies toward ASU tuition, W. P. Carey program tuition and University mandatory fees.
Benefits-eligible faculty and staff, their legal spouses, and dependent children are eligible for ASU AdvantEDGE.

The following W. P. Carey graduate degree programs are currently eligible for the ASU AdvantEDGE award:

Executive MBA, Evening MBA, Online MBA, Fast-track MBA,
Online MS-BA, Online MACC, Online MS-MKT
Evening MS-GL, Evening MS-ISM

Pathway programs to graduate degree programs do not qualify for ASU AdvantEDGE. Examples include CareerCatalyst or MIT EDx certificates converted to credit to apply to graduate degrees.

Graduate Academic Partnerships

The W. P. Carey Graduate Programs Office collaborates with companies to develop customized graduate academic partnerships. Employees of an approved academic partner are expected to self-identify in the employer section of the graduate application and complete the self-identification form to be considered for the W. P. Carey Academic Partner Scholarship.

Employees of an approved academic partner must be employed at the start of the program for employee to receive the scholarship.
Employer must be an approved academic partner at the start of the employee’s program for the employee to receive the scholarship.
Scholarships are offered in the first year of the program only and are subject to change dependent on each individual’s program of study.
Enrolled students who end employment with the academic partner at any point during their program with forfeit any unused scholarship.
Students who withdraw from their program, voluntarily or involuntarily will forfeit any unused scholarship.
Complete the self-identification form no later than 30 days before the start of your program

The W. P. Carey Academic Partner Scholarship is applied toward the balance of tuition and fees. In the event of a zero balance, no additional funds will be applied to create a cash refund.

The W. P. Carey Academic Partner Scholarship cannot be combined with any other scholarship offered through the W. P. Carey School of Business.
W. P. Carey reserves the right to adjust scholarship amounts based on outside funding sources a student may receive that applies toward ASU tuition, W. P. Carey program tuition and University mandatory fees.
Spouses and dependents of academic partner employees are not eligible for the scholarship.

The following programs are currently eligible for W. P. Carey Academic Partner Scholarships. Employee eligibility may vary depending on each employer/academic partner:

Executive MBA, Evening MBA, Online MBA, Fast-track MBA
Online MS-BA, Online MACC, Online MS-MKT
Evening MS-ISM, Online SCM, Online MS-AIB

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