7: Darden Graduate School of Business Administration

General Information | M. B. A. Program | Joint Degree Programs
Doctoral Program | Student Life | School Regulations | Course Descriptions | Faculty

Admission | Financial Assistance | M.B.A. Academic Program | Academic Regulations

Financial Assistance

In its program of financial assistance, the School’s objective is that lack of financial resources shall not bar qualified students, although it may represent a substantial obstacle which the student and the School will have to work together to overcome. The School can help, through scholarships and loans, to assume much of the financial burden. No financial assistance will be offered in the form of employment, and students should not plan to work during the school year. Loans and scholarships are used to complement each other, and in the administration of the School’s program, consideration is given to differences in need arising because of marital status, differences in tuition applicable to Virginians and non-Virginians, and other factors.

The Darden School awards both scholarship and loan assistance to students who are U.S. citizens or permanent residents of the United States. A limited number of merit-based scholarships are offered to international students.

U.S. citizens or permanent residents seeking any type of financial aid through the University must file a statement of financial resources. The Office of Financial Aid requires that financial aid applicants use the Free Application for Federal Student Aid (FAFSA). All parts of this form must be completed by the applicant.

The required FAFSA and University financial aid forms can be obtained directly from: Office of Financial Aid, 918 Emmet St. N., University of Virginia, Charlottesville, VA 22903, or call (804) 982-6000, or the Darden School Financial Aid Office, (804) 924-7739.

Financial aid decisions are made and admitted students notified of awards beginning in early June. In order to receive timely financial assistance award notification, applicants who wish to be considered for loan assistance should apply by May 30.

Applicants will not be considered for financial assistance until they have been admitted to the Darden School and submitted other required documents. The admissions decision is made without regard to an applicant’s financial situation.

Scholarships
Nearly 60 percent of all Darden students receive scholarship assistance from the School in amounts ranging from $2,500 to full tuition and stipend. The School awards its limited funds on a need basis. The sources of scholarship aid are the unrestricted funds of the School, gifts and bequests, and special contributions from business concerns and persons interested in encouraging business education and supporting the Darden School.

First-year scholarships, contingent upon satisfactory academic performance, are automatically carried over to the student’s second year at the Darden School, unless superseded by a higher valued scholarship.

A Darden Financial Aid Application is required and should be submitted by May 1.

The following is a current list of fellowships and scholarships offered by the Darden School. The availability, addition, or deletion of individual scholarships may vary.

Allied Signal Scholarships   Established in 1987 by Allied-Signal Foundation and awarded to outstanding second-year students who are U.S. or Canadian citizens interested in working in manufacturing. Emphasis is placed on financial need, intellectual capacity, and leadership qualities.

Batten Fellowship   An endowed fellowship established in 1988 by Frank Batten, Chairman of the Board of Landmark Communications, Inc., to assist selected journalists in earning the MBA degree at the Darden School.

Chesapeake Corporation Fellowship   Established in 1992 by the Chesapeake Corporation to support students in the M.B.A./Masters of Engineering Program.

Colgate W. Darden Scholarship   Established in 1981.

James W. Davant-Paine Webber Scholarship   An endowed scholarship for deserving students at the Darden School.

Joel Dean Scholarship   Annual scholarship awarded to deserving second-year students.

Du Pont Fellowships   For students at the Darden School from funds granted by the du Pont family to the University of Virginia.

General Motors International Scholarships   Three to four $10,000 per year scholarships awarded on the basis of merit by the scholarship committee to international students.

Frank E. Genovese Fellowship   An endowed fellowship for second-year students at the Darden School. Those eligible are in the top thirty percent of the first-year class after their first semester, and who express a desire to seek employment in direct operating management positions in decentralized manufacturing companies and to own their own business.

Gould Incorporated Fellowship   An endowed fellowship established by the Gould, Inc. Foundation for students at the Darden School.

Henry Clay Hofheimer II Fellowship   For a student at the Darden School who is a resident of Virginia or North Carolina and a graduate of a Virginia or North Carolina college.

Industrial Relations Counselors Asian Scholarship   A full-tuition, two-year scholarship awarded to an Asian national student on the basis of scholarship, leadership, and dedication to an international management career in Asia, and financial need.

International Paper Company Foundation Fellowship   Established in honor of Paul A. Gorman, former Chairman of the Board of International Paper, to assist top quality students at the Darden School in obtaining advanced academic degrees in the field of business.

Robert E. Lamb Incorporated Scholarship   An endowed scholarship established by Robert E. Lamb, III (M.B.A. '70) for students at the Darden School.

Landmark Communications Incorporated Scholarship   For second-year students at the Darden School who have demonstrated academic excellence in their first year.

Henry Wayne and Annie Griffin Lewis Scholarship   An endowed scholarship established with a gift from Samuel A. Lewis, a former member of the Darden School Foundation’s Board of Trustees, in honor of his parents for students at the Darden School.

J. Spencer Love Scholarship   Established by Burlington Industries, and named in memory of J. Spencer Love, the founder and former chief executive officer of Burlington Industries, for students at the Darden School from the Southeast who show an interest in seeking a business career in that area.

Macfarlane Fellowship   An endowed scholarship established in 1990 by John G. Macfarlane III, for second-year students at the Darden School who show financial need, display academic achievement in finance, and plan to pursue a career in finance.

Mastercard International Scholars Program   Merit-based scholarships in the amount of full tuition and fees given to incoming M.B.A. students.

John Patterson Mast Memorial Scholarship   An endowed scholarship for students at the Darden School who were born in or are residents of one of the nine Southwestern Virginia counties.

Edward May Scholarship   An endowed scholarship established by Edward May’s family for students at the Darden School.

Fred W. McWane Memorial Fund Fellowship   An endowed fellowship, established to honor one of the original founders of the School in recognition of the scope and magnitude of his contributions, for students at the Darden School with financial need.

Henry E. McWane Scholarship   An endowed scholarship established in recognition of Henry E. McWane, the first president of the Darden School Foundation Trustees, for students at the Darden School with financial need.

Tayloe Murphy Scholarship   Established in 1987 with gifts originally contributed for the Tayloe Murphy Professor of Business Administration. No restrictions are placed on the selection process by which deserving students are awarded scholarships.

Kenneth Nahigian Memorial Fellowship   An endowed fellowship established by Kenneth Nahigian’s family, friends, and Darden alumni as a memorial to be awarded by the faculty to second-year Darden students of outstanding caliber and promise, and demonstrated financial need.

Marion M. and Samuel T. Pendleton Fellowship   An endowed fellowship for students at the Darden School who are residents of England, Scotland, Wales, or the Colony of Hong Kong, who demonstrate high leadership and scholarship qualities and show a seriousness of purpose to serve their home country in the public or private sector.

The Georges Petitpas Scholarship   Established by the American Society for Personnel Administration, its International Chapter, and Mr. Petitpas’ colleagues at Cresap, McCormick, and Paget and Towers, Perrin, Forester and Crosby in honor of Petitpas, a former managing partner of Cresap, McCormick, and Paget for second-year students at the Darden School whose interests are personnel management of international business.

Roger H. Sherman Scholarship   An endowed scholarship established by Lucille H. Sherman as a memorial to her husband, Roger H. Sherman, for students at the Darden School who give promise of becoming outstanding citizens.

Sydney F. Small Memorial Fellowship   Established with income from a trust bequeathed by a former and dedicated supporter of the Darden School for students at the Darden School.

Arnold and Katherine Snider Minority Scholarship   Awarded to first- or second-year students at the Darden School. Established in 1998.

Thomas I. Storrs Scholarship   An endowed scholarship established by the NCNB Corporation in honor of Thomas I. Storrs, their former chairman and chief executive officer, for second-year students at the Darden School who, like Thomas Storrs, exhibit the qualities of scholarship and leadership that will make them both effective business persons and humanitarians.

Julius Tahija East Asian Studies Scholarship   Established in honor of Mr. Tahija, an Indonesian industrialist, whose primary interest is in joint American/Asian ventures, for students enrolled in the M.B.A./M.A. at the Darden School.

Morton G. Thalhimer Fellowship   An endowed fellowship for the encouragement and assistance of students at the Darden School whose attitudes exemplify outstanding qualities of personal character and integrity— qualities so respected and exemplified by the man for whom the fellowship is named.

TRW Scholarships   Established in 1998 by TRW, Inc. Two $2,500 scholarships to be funded over the next five years. One scholarship to be given to a needy, merit-worthy rising second-year candidate interested in a career in corporate finance; the other to be given to a needy, merit-worthy rising second-year candidate interested in manufacturing.

Worrell International Fellowship(s)   Fellowship(s) that reimburse MBA tuition and living expenses for students from developing countries who demonstrate a commitment to bettering their home economies, typically through four years of post-MBA employment with indigenous entrepreneurial and not-for-profit organizations, or government, humanitarian and educational enterprises

Ernest W. and Patricia Wuliger Scholarship   An endowed scholarship established by friends and family of Ernest W. Wuliger, Chairman of the Board of Ohio Mattress Company and Patricia Wuliger, for students of the Darden School who show promise of significant academic achievement and demonstrated financial need.

Class of 1957 Abbott Scholarship   An endowed scholarship established by the Class of 1957 in memory of the Darden School’s founding dean. For students at the Darden School who bring a diversity of work experience to the classroom from non-traditional work backgrounds in areas unique to the applicant pool.

Class of 1958 Abbott Scholarship   An endowed scholarship established by the Class of 1958 in memory of the Darden School’s founding dean for students at the Darden School.

Class of 1962 Reynolds C. “Bucky” Siersema Memorial Scholarship   An endowed scholarship for outstanding students at the Darden School.

Class of 1965 Scholarship Fund   An endowed scholarship for outstanding students at the Darden School.

Class of 1967 Scholarship   For outstanding students at the Darden School.

Class of 1968 William E. Fisher Memorial Scholarship   An endowed scholarship for outstanding students at the Darden School.

Class of 1970 Scholarship for Creative Management   An endowed scholarship established by the Class of 1970 in recognition of Everard Meade, a retired Darden School lecturer, for second-year M.B.A. students at the Darden School who have exemplified qualities of creative leadership and have demonstrated need.

Class of 1972 Scholarship   Established in 1987 by the Class of 1972, the Killgallon Family Foundation, and the Ohio Art Company for first-year M.B.A. students.

Class of 1972 Twentieth Reunion Scholarship   Established in 1992 by the Class of 1972 as their twentieth reunion gift.

Class of 1974 Fred Richardson Scholarship   An endowed scholarship established by the Class of 1974 in memory of a true gentleman, Fred Richardson, a retired member of the Darden School faculty. For students at the Darden School, with preference to those with hearing or physical impairments.

Class of 1977 Scholarship Fund   An endowed scholarship for outstanding second-year students at the Darden School.

Class of 1982 Scholarship   Fund An endowed scholarship for outstanding students at the Darden School.

Class of 1986 Peter J. Niehaus Memorial Scholarship   An endowed scholarship established by the Class of 1986 in memory of their classmate for students at the Darden School.

Class of 1987 G. Robert Strauss Marketing Award Fellowship   An endowed fellowship awarded annually by the marketing faculty to a student who exhibits “solid marketing skills, innovative thinking, and compassion for his or her fellow students.”

TEP Scholarship   An endowed scholarship established by the TEP classes of 1988 and 1989 for deserving students at the Darden School in their pursuit of an M.B.A. degree.

Darden Foundation Scholarships and Fellowships
The following scholarships and fellowships are held by the Darden Foundation and adjudicated by the Darden Foundation Scholarship Board.

Bristol-Myers Squibb Scholarship   Established by Bristol Myers-Squibb and awarded to first- and second-year minority students.

Chase Scholarships   Periodic annual gift scholarship from Chase Bank for minority scholarships.

Citicorp Minority Fellowship   Periodic scholarship established in 1988-89 by Citicorp-Citibank and awarded to minority students.

Class of 1975 Marianne Quattrocchi Memorial Scholarship   Established by the Class of 1975 in memory of their classmate. Award is to draw female candidates to the Darden School who otherwise might not attend. A scholarship equal to tuition and fees is awarded to a new student each year such that there would be two Quattrocchi scholars in school (one in the first year, one in the second year).

Hansel Scholarship   One $10,000 renewable scholarship awarded annually to either a minority or international student.

Charles J. Lewis Scholarship   Established in 1985 by Mr. Lemuel E. Lewis, a member of the Board of Managers of the University of Virginia Alumni Association and a Darden alumnus, in memory of his father, Charles J. Lewis. This scholarship is to be given to Virginia students, with preference to minorities.

John L. Snook, Jr. Scholarship   Established in 1989 by family and friends of John L. Snook, Jr. a former faculty member of the Darden School. Awarded to second-year minority students with priority given to someone interested in the non-profit section.

Sonat Diversity Scholarship   Established in 1996 by the Sonat Foundation for minority student scholarships at the Darden School. Awarded to an incoming first-year student. Recipient is known as a Sonat scholar. A $15,000 renewable scholarship, only one is in effect at any one time, thus offered every other year.

Loan Funds
More than 65 percent of Darden students obtain loans to finance all or part of the cost of their Darden education.

Loans are available to enrolled graduate students and range from short-term emergency loans to long-term loans intended to finance major educational costs. Loan money is available to all students who qualify for it, and prospective students should not be deterred from applying for admission if they are willing to undertake long-term loans. The Office of Financial Aid to Students provides information on loans. Inquiries should be addressed to that office, Miller Hall, University of Virginia, Charlottesville, VA 22903.


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