The high cost of an MBA is enough to make many business school hopefuls reconsider their decision to apply. Now, one school is making every MBA candidate’s dream come true—free tuition! The W. P. Carey School of Business at Arizona State University recently announced its plan to award every incoming student next fall with a full scholarship. Tuition at the business school’s two-year MBA program most recently cost $54K for in-state residents and $90K for international students.
The decision, which Dean Amy Hillman told the Wall Street Journal was inspired by a hope to “change the complexion” of the MBA class, was made possible by a $50M donation from the late businessman William P. Carey in 2003. Scholarships will be available for 120 students. Although only 86 students are currently enrolled in the full-time program, applications will likely be on the rise soon.