Scholarships and Grants

Lally MBA Scholarships and Grants

The following named fellowships are available to highly qualified students. Selection criteria include academic credentials, relevant work experience, leadership potential, technical proficiency, and U.S. citizenship.

The Irene and Robert P. Bozzone '55 Fellowship in Management and Technology
This fellowship provides significant funding toward the Lally School of Management MBA program for a student with demonstrated interest and skills in the field of manufacturing. It is awarded on a competitive basis.

The Herman Family Fellowship for Women in Entrepreneurship
Established by Michael '62 and Karen Herman to advance the interests of women in entrepreneurship, this fellowship supports women with a tuition scholarship to the Lally School MBA program at Rensselaer. Selection criteria include evidence of entrepreneurial spirit and experience, leadership potential, technical proficiency, post-college work experience, strong academic credentials, and U.S. citizenship. Evidence of actual entrepreneurial activity, such as starting a business in or after college, or working in a small to mid-size family business, will count favorably. Herman Award recipients also join the Herman Family Fellows, a network of professional women entrepreneurs, and have an opportunity to participate in yearly reunions.

The Reinert-Rader Fellowship in Financial Technology
This fellowship funds graduate students studying finance at the Lally School of Management. Funded by Jerome S. Reinert ’56 and Lawrence A. Rader ’58.

Raymond A. and Ina C. Best Fellowship for Tau Beta Pi Members
This fellowship fund is for a Tau Beta Pi member for master's level study at Lally. Criteria for selection include first-time graduate study, strong academic credentials, meaningful extracurricular contributions, and exceptional faculty recommendations.

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Post 9/11 G.I. Bill and Yellow Ribbon Programs for U.S. Veterans

The Lally School at Rensselaer is one of more than 500 universities participating in the new Post 9/11 GI Bill, and the Yellow Ribbon Program, a provision of the new GI Bill, which was created to make resources available to military veterans and their dependents to attend college and graduate school.

For more information regarding Financial Aid for U.S. veterans at Rensselaer please visit


National Founder’s Graduate Business Student Scholarship

This is a private scholarship, not associated with a Lally School or Rensselaer fund, but can be used towards tuition if awarded by the donor.


Merit-Based Scholarship

Graduate applicants applying to a master's program may qualify for generous merit-based scholarship opportunities to assist with funding. You will automatically be considered for funding once you have submitted your application.



Lally School of Management
Rensselaer Polytechnic Institute
110 8th Street, Pittsburgh Building, Troy, NY 12180
(518) 276-2812

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