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As a percentage, how many people take out loans each year? And separately, how many people are able to grab merit-based scholarship annually?

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As a percentage, how many people take out loans each year? And separately, how many people are able to grab merit-based scholarship annually?

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Of the entire student body — which is about 700 full-time MBA students — about 72% of them are on some type of financial aid. Fellowships really differ for entering (first year) and continuing (second year) students. Our entering fellowships are purely merit-based, and they’re hand selected by our admissions committee. We have about 12% of our entering class on merit fellowships that average about $15,000. So if the recipient is a California resident, that would cover their full tuition and fees. But if they’re a nonresident, it doesn’t quite make that mark. Our second-year students apply for fellowships, and they’re about 15% of our second-year students. Those awards range from $4,000 up to $10,000.

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