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Release: Nov. 14, 2001

UI MBA program offers scholarships for displaced workers

IOWA CITY, Iowa -- The University of Iowa's Henry B. Tippie School of Management will provide up to $100,000 in scholarships and assistantships to help qualified people who have been laid off from their jobs earn MBA degrees.

The Tippie MBA Scholars Program is being offered at a time when the UI is seeing increased interest in an MBA among laid-off managers, some of whom may need assistance with financial resources for tuition and fees.

The amounts of scholarship awards will vary. The most highly qualified candidates could qualify for full tuition plus a graduate assistantship. Others could receive lesser amounts of support such as full or partial tuition scholarship, or a graduate assistantship, or just a partial tuition scholarship. The Tippie School of Management will award between 12 and 18 scholarships, based on the number of applicants and their qualifications. Students seeking the scholarships must meet the competitive admissions standards of the Full-Time Tippie MBA Program, which include work experience, test scores, academic record, and communication skills.

"We started this program to assist people in Iowa and the Midwest who are out of work and need more education to further their careers. An MBA is an excellent option for these workers, because when they finish the program, they can return to the workforce with increased earning potential," said Gary Gaeth, associate dean of the Tippie School of Management.

He added his staff has been talking about the Tippie MBA Scholars program as they work with outplacement firms that assist the laid off managers with information about career services and education options.

Gaeth says the Tippie MBA Scholars Program helps both workers affected by the downturn in the economy, and helps the Tippie School of Management because it will increase the number and quality of students in its Full-Time MBA program. Demand for classes in the Evening and Executive MBA Programs has been high for the past several years, but enrollment in the Full-Time Program has not been as robust.

The next two-year cycle of classes for the Tippie Full-Time MBA Program begins in fall 2002, but the Tippie School of Management is making arrangements for some displaced workers to start classes this spring, either on the UI campus or at Part-time MBA Program sites in Cedar Rapids, the Quad Cities, Newton or Des Moines.

The special scholars program got under way about a month ago and the deadline for financial aid applications is April 15, 2002. Students are encouraged to apply early. Priority will be given to Iowa residents, but all students who are U.S. citizens or permanent residents are eligible. Gaeth pointed out that this new financial aid opportunity is being offered in addition to several other existing merit-based scholarship programs designed to attract and assist female and minority students.

The Full-Time Tippie MBA program currently enrolls about 150 students and is ranked 35th in the nation by U.S. News and World Report. Forbes magazine also ranked it fifth in the world, based on return of educational investment among schools with total costs of less than $95,000.

For more information about the Tippie MBA or the Tippie MBA Scholars Program, contact the Tippie School of Management at (319) 335-1039, 1 (800) MBA-IOWA (800-622-4692) or email