With the recent news of massive layoffs in the tech industry as well as across other sectors, Lehigh’s College of Business has established a new Economic Impact Scholarship for its full-time graduate programs.
The scholarship has been created to acknowledge the impact on a potential student’s recent layoff or rescinded job offer, especially where someone is on a temporary visa and is at risk of having to return to their home country, if they can’t find a new job or enroll in a graduate program.
The scholarship program is a $12,000 award, with more than half given in the first semester of enrollment to eligible applicants. The goal is to soften the impact of the costs associated with the sudden shift to rapidly starting a graduate program, including the expenses associated with the change of status for H1B visa holders, relocation costs and technology upgrades.
“It was important for us to develop a plan to try and help impacted prospective students now and in the future in the event of an economic downturn,” said Kevin Ezzell, interim director of graduate recruitment for the College of Business.
The financial assistance is only part of the scholarship program. It also includes an application fee waiver, accelerated admissions decision and potential flexible start dates. All programs are also GMAT/GRE optional.
The Economic Impact Scholarship Program can be applied to the followingCollege of Business graduate programs, many of which are one-year graduate programs: 1-MBA, MS Financial Engineering, MS Applied Economics, MS Business Analytics, and MS Management.
Applicants can upload evidence of job loss or rescinded job offer to the Lehigh graduate application. Applicants who believe they may be eligible should contact business@lehigh.edu for additional information.
