Save time and money with a 3/2 MBA at the Kelley School

Financial assistance options can make your MBA's ROI even better

Our graduates are in demand. With an employment rate of 98.3% for the class of 2023, the 3/2 MBA program is a sound investment in your future success.

There are options available to help pay for your 3/2 MBA, including graduate assistantships (GA), merit scholarships, and fellowships from Graduate Accounting Programs at Kelley. More than half of 3/2 MBA admitted students have received merit-based financial awards from GAP. All applicants are considered for merit-based financial awards—no separate application is necessary.

For example, a student planned ahead and received significant savings. How?

She applied and was admitted to the 3/2 MBA program during her sophomore year, earning her an Early Decision Scholarship valued at $2,000
As a competitive academic student, she was awarded a graduate merit fellowship valued at $5000 for non-resident students. In addition, she received this scholarship her second year, too, because of her strong GPA during her first year in the 3/2 MBA program.
She also received a 5-hour graduate assistantship position valued at $8,125 (GAs rates change on a yearly basis)

Merit-based graduate assistantships (GA) are awarded as 5-hour or 12-hour appointments. If awarded, you'll work 5 or 12 hours a week for a Kelley School department, a faculty member, or as a teaching assistant. TA positions (instructor of record) are 12 hours a week. Positions vary year to year.

All students are considered for GA positions when you apply to the 3/2 MBA program—there is no separate application. GA amounts are based on your residency status as determined by Indiana University (see chart below). Fee remission is the amount deducted from the cost of tuition for the indicated academic year in the 3/2 program after a GA position is accepted. The stipend is paid as an hourly wage.

2023-2024 3/2 MBA GA award amounts	Stipend	Fee remission	Total amount
5-hour resident	$2,625	$2,860	$5,485
5-hour non-resident	$2,625	$5,500	$8,125
12-hour resident (non-teaching)	$6,300	$2,860	$9,160
12-hour non-resident (non-teaching)	$6,300	$5,500	$11,800
12-hour resident (instructor of record)	$6,300	$5,280	$11,580
12-hour non-resident (instructor of record)	$6,300	$11,110	$17,410

Need-based aid: Federal and private loans and additional scholarships

Undergraduate aid: Did you know that undergraduate scholarships like the Dean’s Scholarship and Provost’s Award can often be used for your first year of the 3/2 MBA (your fourth year at IU)? Follow this link to learn if your scholarship can be used for the first year of the 3/2 MBA. If you have received a financial award that is designated for your senior year, please contact your scholarship provider to check eligibility for your award.

Options for all admitted students

• FinAid has offers comprehensive financial aid, loan, and scholarship information.
• Search for scholarships on FastWeb.
• The American Institute of CPAs offers many scholarships

Domestic students

• Submit a Free Application for Federal Student Aid (FAFSA) through the online form for U.S. citizens and immigrant permanent residents to apply for the federal Stafford and PLUS loan programs.
• The U.S. Department of Education offers additional information about federal aid available and completing the FAFSA.

International students

• International students are eligible for private loans, but expect most private loan companies to require a US citizen or permanent resident to act as a cosigner to secure the loan.
• The Institute of International Education highlights opportunities for international students interested in studying in the United States, including Fulbright Program information and other scholarship opportunities.

Once admitted into the 3/2 MBA program, students are required to pay an enrollment deposit of $500 to secure a place in the entering class. Upon enrollment, the deposit will be deducted from your first semester bursar bill. The deposit is nonrefundable. If admission is revoked because admission conditions cannot be met, the enrollment deposit will be refunded.

Did you know that undergraduate scholarships like the Dean’s Scholarship and Provost’s Award can often be used for your first year of the 3/2 MBA (your fourth year at IU)? If you have received a financial award that is designated for your senior year, please contact your scholarship provider to check eligibility for your award.

Tuition
3/2 MBA Tuition and Fees Estimates based on 2024-25	Indiana Residents	Non-Residents/Internationals*
Tuition	$29,573	$55,695
Mandatory Fees Combined Mandatory Fees Bus Program Fee (8 and above hrs)	$2,405	$2,405
Total	$31,978	$58,101

*Additional international student fees apply.

Visit the Indiana University Tuition & Fees website for the latest updates.

Note: 3/2 MBA offers a flat rate tuition at the beginning of your program that we guarantee for two consecutive years.

Application deadlines

The 3/2 MBA program is open to Kelley undergraduates in accounting and finance. Please apply by December 1 of your junior year.

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Invest in your future

For the class of 2023, 98.3% of students received job offers in their field within 90 days of graduation.

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The Kelley advantage

By earning your BS and MBA degrees in five years, you’ll spend one less year in school than you would in a traditional MBA program, saving both time and money.

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Financial assistance options can make your MBA's ROI even better

Graduate assistantships

Supplemental financial aid

Enrollment deposit

Tuition

Application deadlines

Invest in your future

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