How to pay for graduate school: A practical guide for business students
Deciding to pursue graduate school is exciting but figuring out how to pay for it can raise a lot of practical questions. Most students don’t fund graduate school through a single source. Instead, they piece together scholarships, planning and support over time. Knowing what options are available, and when to act, can make the process far more manageable.
At Oregon State University’s College of Business, we’re committed to making graduate education accessible. Below is a comprehensive guide to how to pay for graduate school, with a focus on scholarships, financial planning and institutional support.
1. Start with a financial plan
Before exploring specific funding sources, it’s important to understand the total cost of graduate school. This includes:
- Tuition and fees
- Books and course materials
- Technology and program-related costs
- Living expenses (if applicable)
Creating a clear financial plan early allows you to identify gaps and prioritize funding opportunities. Many students combine multiple funding sources to pay for graduate school, rather than relying on just one.
2. Apply for graduate school scholarships early
Scholarships are one of the most effective ways to reduce the cost of graduate school because they do not need to be repaid. Oregon State University and the College of Business offer a variety of scholarships and funding opportunities specifically for graduate students.
Graduate business program named scholarships
One of the most impactful funding opportunities is the Graduate Business Program Named Scholarships fund. While scholarships are awarded throughout the year, early planning can make a meaningful difference.
Important deadline to know:
- February 1 is a priority deadline for the Graduate Business Program Named Scholarships fund.
- Priority consideration is given to students who have both a completed graduate application and a completed scholarship application by this date.
Applying early not only increases your chances of receiving funding, but it also allows you to plan your finances with greater confidence.
for osu alumni
Beaver for Life scholarship
If you’re an Oregon State University alum, you may be eligible for additional financial support through the Beaver for Life scholarship.
This scholarship supports OSU graduates enrolling in programs such as the MBA and specialized business master’s degrees. Eligible alumni may receive a one-time scholarship of up to $3,000 applied toward graduate business tuition.
Key details about the Beaver for Life scholarship:
Available to OSU alumni from any undergraduate major applying to graduate business programs
Typically requires a cumulative undergraduate GPA of 3.0 or higher at the time of admission
No separate scholarship application required — eligible students are automatically considered during the admissions process
The Beaver for Life scholarship reflects the College of Business’ commitment to supporting lifelong learning for all OSU Beavers and makes continuing your education more accessible as you advance your career.
3. Understand employer & external funding options
Many graduate students help pay for graduate school through external funding sources, including:
- Employer tuition reimbursement or sponsorship
- Professional association scholarships
- Industry-specific fellowships
- Community and nonprofit scholarships
- If you are currently employed, check with your employer’s HR or benefits team to see if graduate education assistance is available. Even partial reimbursement can significantly reduce out-of-pocket costs.
4. Leverage financial education resources at Oregon State
The College of Business is home to CAFE — the Center for Advancing Financial Education, a unique resource designed to help students make informed financial decisions.
CAFE offers:
- Personalized, one-on-one financial guidance
- Support exploring funding and scholarship options
- Help with budgeting and long-term financial planning
Appointments are available to:
- Oregon State University students
- Oregon residents
CAFE’s personalized approach helps students feel confident and informed as they plan how to pay for graduate school.
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Connect with the graduate recruiting team
You don’t have to navigate graduate school financing alone. The College of Business recruiting team is always available as a resource to help you understand:
+ Program costs and timelines
+ Scholarship opportunities
+ Application and funding deadlines
Early conversations can help you align your academic goals with a realistic financial plan and ensure you don’t miss important opportunities. Make an appointment or attend a virtual information session when you’re ready
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