Financial Aid & Scholarships

/Financial Aid & Scholarships
Financial Aid & Scholarships2020-12-16T13:23:23-07:00

Scholarships & Financial Aid

The David Eccles School of Business awards more than $7 million in scholarships annually and also funds programs to provide tuition assistance to student workers. Apply for undergraduate scholarships below and browse what additional scholarships are available, how to apply, and important deadlines to get your slice of the pie.

2020-2021 Eccles School Undergraduate Scholarships Application

Applications are now CLOSED. The scholarship committee will begin sending offer letters by the end of April 2020. All applicants will be notified of their application status (denied or offered) by June 2020.

Undergraduate Scholarship Eligibility

Application is open to undergraduate business students, including transfer and pre-business students. Applicants will be considered for any, and all, undergraduate scholarships available through the Eccles School and for which they may qualify.

All scholarships are awarded for fall and spring semesters unless the scholarship committee or program director has approved an exception. We do not offer summer scholarships.

The majority of scholarships are awarded to declared business majors who are enrolled full-time (complete a minimum of 12 credit hours per semester). Currently enrolled pre-business students can apply at the same time that they apply for admission to Upper Division. Scholarship recipients must maintain at least 3.2 GPA and continue to make progress toward a business degree at the University of Utah unless the scholarship committee or program director has approved an exception.

Graduating seniors are still eligible to apply and can receive their award at less than full-time status, and may receive their total scholarship allotment for fall semester if graduating. The committee will also consider applicants enrolled part-time as long as they qualify and are the best candidate for a particular scholarship.

Recipients of a Business Scholars Program scholarship (freshman, transfer, and four-year scholarships) are eligible to apply for scholarship support through the Eccles School Undergraduate Scholarship application; however, they will receive only the scholarship of the highest value, not both awards. The committee will consider exceptions on a case-by-case situation; such as, but not limited to, if a student has demonstrated high financial need and/or a student is the best and only qualified applicant for a particular award.

The undergraduate scholarship awarding process is competitive.

For the 2019-2020 academic year, the committee received nearly 700 applications and awarded scholarships to approximately 40 percent of applicants. The majority of the recipients are declared business majors, who have completed, and are currently taking upper-division coursework for their major.

In addition to merit-based awards, the scholarship committee takes a holistic approach when evaluating and selecting applicants for scholarships since funding is limited. Some factors that are heavily weighted, but not limited to, are as follows:

  • major status
  • demonstrated financial need (i.e. filed FAFSA)
  • volunteer work
  • extracurricular activities and work experience
  • adversities, and
  • professional goals

The committee must also adhere by any special criteria set by donors. There are years that donors set very specific criteria that limit the committee’s awarding scope; for example, the committee must select the best candidates from certain Utah regions, career experience or interest, or have faced extreme hardships. Even with such narrow parameters, the committee always strives in selecting the best academic performing student who is also the best qualified for any available scholarship.

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