Chicago Booth launches Boundless Scholarship Initiative
In an effort to continue to attract the best and brightest students, the University of Chicago Booth School of Business has launched the Boundless Scholarship Initiative. This campaign aims to raise $75 million in scholarships for promising individuals who will have the greatest impact on business.
Increasing access to scholarships is one of Chicago Booth Dean Madhav Rajan’s top priorities. He has set a goal of $75 million to underwrite a substantial increase to the school’s scholarship fund.
This initiative formalizes an effort started in 2018 to increase scholarships available to Booth MBA students from a wide variety of backgrounds.
So far, the school has raised $23.3 million, or 31 percent of the goal. Thanks to the generosity of Amy Wallman, ’75, and Richard Wallman, ’74; and Roxanne M. Martino, ’88, and her husband, Rocco J. Martino, matching funds for scholarships are currently available, effectively allowing donors to double their impact for students.
In addition to the Boundless Scholarship, Rajan has taken other measures to make a Chicago Booth MBA more accessible for students. This includes a zero-percent tuition increase in 2019–20 over the previous year. Also, moving from a per-course fee to a flat-tuition model makes students’ payments predictable and allows for two additional courses. And finally, a four-year price guarantee for incoming Evening MBA and Weekend MBA students offers peace of mind.
“In recent years, we have been successful in attracting outstanding students from an increasingly diverse pool of applicants, in terms of backgrounds and career aspirations,” said Dean Rajan. “To continue to get the best students to choose Booth and to maximize their impact on the world, it’s critical that we grow scholarship support.”
Click here to learn more about this new scholarship program offered at Chicago Booth.