Easing B-School's Financial Pain

Bonnie Lack of Carnegie Mellon's Tepper School talks about the fine points of financial aid, and she dishes some advice

As tuition -- which already costs upwards of $50,000 -- continues to rise, many potential students wonder how they can afford to get an MBA. The Tepper School of Business at Carnegie Mellon University in Pittsburgh awards financial assistance based on merit, like most B-schools. It takes many other aspects into consideration: a candidate's GMAT performance, undergraduate GPA, interview, résumé, letters of recommendation, and overall application.

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