Scholarships for those who can not pay

Scholarships for those who can not afford a master’s degree at Stanford

here are the scholarships since the training in the best business schools in the world oscillates between 3,250 euros, for a three-day course, and 88,000 for the MBA. It is necessary to create mechanisms to help students.

Have and not have. As in Hemingway’s book, undergraduate and graduate education seems to be divided on that border. Among those who can pay the fees of the big business schools and among those who can not. Among those who can access a public and private graduate education increasingly expensive and among those who do not. The world is divided by that novel title. Into this gap, inequity and elitism take root

Studying a year at Harvard would cost an average worker in Sierra Leone a hundred years of his salary and his life. Far more to the north, in the United Kingdom the universities of Oxford and Cambridge exhibit the tyranny of their desks. 74% of the most important judges have passed through their classrooms, but also 54% of the main journalists and 47% of the politicians that make up the council of ministers. It matters little that in their classes only 2% of all British graduates are educated. Those numbers hide the grammar of a certainty. “There is tremendous inequality when it comes to accessing the university around the world. It is urgent that the government or private foundations help solve this problem, “says Mauro Guillén, a professor at the Wharton School of Business in Pennsylvania.

This is one of the portraits left by the planet we inhabit. That’s why when the kids sit in some of those classes they take accounts. Studying four years in Caltech (Technological Institute of California) costs 230,000 dollars (200,000 euros). In return “guarantees” a return on investment of $ 973,000 (852,000 euros) in two decades. This arithmetic is a very contagious siren song. At Stanford University an investment of 118,000 dollars (103,000 euros) returns 854,000 dollars (748,000 euros). Similar travel can be done through Princeton, Georgia Tech, Colorado School of Mines or Carnegie Mellon.

Fortunately, in Spain, the waters go down other channels. Higher education is not free as in Germany, Denmark or Greece, but universities and business schools cushion the effort through a populated ecosystem of scholarships and grants. Esade, for example, has awarded during this course 262 talent aids. The highest number in its history. And if someone knocks at the door, he is heard. “We have granted 63% of all the scholarships requested in degree programs,” says Josep Franch, dean of the center. In total, 2.8 million euros. The way for the gap to be increasingly smaller and more students reach an education that demands a tribute in effort and money. For example, a Master’s in Business Administration (MBA) in Esade costs 64,900 euros.

Today, the bill for higher education seems an obligatory toll. Young people know that in a global, competitive and with little work, sitting in the classrooms of a business school or taking a certain master’s degree can be the difference between a precarious and a comfortable life. These days, in the Instituto de Empresa (IE), dozens of students come with that thought in their heads. “Our goal is for no one to be left out for economic reasons,” says Martin Boehm, dean of IE Business School. There are formulas. Some traditional (tuition reduction, scholarships, own and external financing); other innovative The school has agreements with several entities that finance both the studies and the expenses of maintenance and accommodation. In exchange, the student contributes a percentage of his future salary for 10 years.

In the desks of IESE they recognize that the “gap exists”. But alternatives arise to access their classrooms. Training in one of the best business schools in the world, according to the rankings, ranges from 3,250 euros for a Focused Program (three days) to 88,150 for the MBA (two years). But there are handholds. Banco Sabadell supports what they call “credits to honor” for postgraduate courses. Only with being admitted to an MBA program the student obtains the loan, and with two years of grace. “Another possibility is to take part-time studies while working,” says José Ramón Pin, IESE professor.

Sometimes, a stubborn wind circulates in telling that business schools are the slates of a few. A cliché “We are a private institution and we do not have any state aid, therefore our prices are higher than public institutions. But we have always maintained a policy of average costs to avoid becoming an elitist school or focused only on the upper classes, “says Felipe Llano, deputy director of the ESIC General Directorate, where appropriate, the words take form from a Scholarship system that prevails from the academic talent to the international origin of the students.

Similar codes are managed by the Institute of Securities Studies (IEB). Offers aids that cover the entire amount of the race for students with the best records in Baccalaureate. In addition, 30% of its graduate students come with a scholarship to the classrooms. “We come from very hard years where families have suffered a lot because of the long economic crisis. And public education suffers, “says Luis Escrivá de Romani, head of the Department of Professional Guidance at the IEB.

University fees are rising strongly in Madrid and Barcelona since 2012. All the routes that facilitate the entry of students are welcome. “We are a non-profit institution and we have very contained prices”, defends Antonio Obregón, vice-rector of Academic Organization and Teaching Staff of Comillas ICAI-ICADE. “We also have a scholarship program, study grants and loans so that the economic reason does not exclude anyone.”

This fight against inequality is repeated in all Spanish business schools and universities. Since 1952 the University of Navarra has been walking these steps. For decades it has reflected an elitist image, something that contradicts numbers today. The average per capita income of the center’s student is 10,700 euros and 35% of those who take a degree do so with scholarships or grants. It even has an application -describes Álvaro Balibrea, director of the center’s admission service- that offers a personalized cost to each candidate according to the studies he wants to take, his family income and his academic record.

In front of the private universe, the public space rehearses its strategies. He has understood the great demand of certain courses proposed by business schools and seeks to attract those students. In the Autonomous University of Barcelona (UAB) they have master’s degrees in which there are three candidates per place and their offer, grants Virginia Luzón, vice-rector of Communication, reaches places where other institutions do not reach. “A master’s degree in genetics, like ours, will not be taught by a private center because its offer is linked to the demands of the labor market,” says the teacher.

Success courses in the public
In spite of everything, each time the story is more similar between both types of education. The Autonomous University of Madrid (UAM) begins to replicate some of the most successful postgraduate courses in business schools. An MBA can already be taken at public prices. How much? 3,159 euros. The UAM proposes to reduce this fracture through a system of scholarships and grants from the Ministry of Education that are intertwined with the social fund of students of the Madrid university itself, summarizes Mayte Parra, vice-chancellor of Postgraduate Studies. The University Pompeu Fabra (Barcelona), state-owned, offers 30 students admitted to their master’s courses 2,000 euros of aid to attend classes. They also grant scholarships-salaries to children with limited economic resources who arrive at the university for the first time. And the Complutense University proposes this course two million euros in scholarships to illuminate the horizon. “Because he is black”, qualifies Julio Contreras, vice-rector of Students of the Madrid institution. “For many families with little income, the public university is an uphill one.” Hence, scholarships must be above all a system of redistribution of opportunities, not a reward for the brightest curricula. This is the idea that the center defends.

The public ecosystem tries to draw a grid so that no student is left out. “There is a barrier effect that prevents certain students from accessing higher education, regardless of their curriculum,” complains Sergio Jiménez, dean of the Escuela de Organizacion Industrial (EOI), an entity that applies a 40% discount on their studies to professionals who are unemployed and, through its scholarship program, the cost of enrollment can be reduced by 90%.

The education market will move around 5.5 trillion euros in the world in 2020 and there will be 175 billion reserved in the private sector. So much money tenses the risk of a mercantilist vision of the desks. “Institutions such as MIT or Harvard have created MOOCs [English acronym of free and open online course], but now they have to make them profitable. Everything is open but if someone wants the title they will have to go through the box, “says Marina. Against this unequal and unjust world, universities and Spanish business schools tend bridges over a river that overflows between having and not having. For more information you can visit our website

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