Chicago Booth launches Boundless Scholarship Initiative
October 02, 2019
In an effort to continue to attract the best and brightest students, the University of Chicago Booth School of Business has launched the Boundless Scholarship Initiative. This multiyear campaign aims to raise $75 million to provide scholarships to the most promising individuals who will have the greatest impact on the world of business.
“In recent years, we have been successful in attracting outstanding students from an increasingly diverse pool of applicants, in terms of backgrounds and career aspirations,” said Chicago Booth Dean Madhav Rajan. “To continue to get the best students to choose Booth and to maximize their impact on the world, it’s critical that we grow scholarship support.”
Increasing access to scholarships is one of Rajan’s top priorities. He has set a goal of $75 million to underwrite a substantial increase to the school’s scholarship fund.
The Boundless initiative formalizes an effort that began in 2018 to increase the amount of scholarships available to Booth MBA students from a wide variety of backgrounds. So far, the school has raised $23.3 million, or 31 percent of the goal. Thanks to the generosity of Amy Wallman, ’75, and Richard Wallman, ’74; and Roxanne M. Martino, ’88, and her husband, Rocco J. Martino, matching funds for scholarships are currently available, effectively allowing donors to double their impact for students.
In addition to calling upon alumni to invest in scholarships, Rajan has taken other measures to make a Chicago Booth MBA more accessible for students, including a zero-percent tuition increase in 2019–20 over the previous year; moving from a per-course fee to a flat-tuition model that makes students’ payments predictable and allows for two additional courses; and a four-year price guarantee for incoming Evening MBA and Weekend MBA students.