Scholarships & Programs

Scholarships are merit-based and highly competitive.

The Lally School offers scholarships to a select number of graduate applicants and all applicants are automatically enrolled for consideration. Scholarship recipients are typically notified shortly after their admissions decision is released.

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 2018 Herman Family Fellows reunion in Chicago, IL.

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.

Additional information is available here.

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

More Information

*Note: This is a private scholarship not a Lally or Rensselaer fund, but can be used towards tuition if awarded by the donor.