Financial Aid for Returning Soldiers

Mix a college scholarship with a state grant program, and what do you get? The possibility of an MBA for military veterans returning to the working world after service deployment. The University of Illinois at Chicago has designed a program which offers 110 full MBA scholarships of $74,000 each to military veterans as a way, "to put the burners back onto their career, to focus on earning back some of the income they lost all those years serving their country or the promotions they lost," according to Robert van der Hooning, assistant dean of the University of Illinois' College of Business.

Using a mix of institutional dollars and the Illinois Veteran Grant Program administered by ISAC, the program covers tuition, fees, books, a computer and travel to China as part of the academic program. Response to the university has been "overwhelming" and has prompted plans for expansion of the program next year.

Learn more about the University of Illinois' program for veterans, as well as those of other institutions and organizations across the country in the article on the Web site of the Christian Science Monitor.