Scholarships Frequently Asked Questions

How many scholarships does COB award?

The College of Business awarded 174 scholarships, totaling over $401,000 for the 2021-2022 academic year.

Am I eligible to receive a scholarship?

Students in the College of Business are eligible to apply for scholarships during the freshman direct admit process and their sophomore, junior and senior year and/or as graduate students in the MBA, MSBA and MAcct programs. Scholarships are competitive, and the submission of an application does not guarantee a scholarship award. All eligible students, however, are encouraged to apply.

Undergraduate Eligibility

  • Attain freshman direct admit, sophomore, junior or senior status.
  • Have declared one of the six business majors (Accounting, Finance, International Business, Management, Management Information Systems or Marketing).
  • Enrolled or plan to enroll full-time (12 credit minimum per semester) during the 2022 - 2023 academic school year.
  • Hold a cumulative grade point average of 2.75 or higher or a cumulative high school GPA of 3.5 for freshman direct admit students.
  • Complete an online application by March 1, 2022

Graduate Eligibility

  • Apply to the MBA or MAcct program by February 1, 2022
  • Enrolled or plan to enroll full-time during the 2022-23 academic year
  • Complete an online application by February 1, 2022


How do I apply?

Complete and submit an online application by March 1, 2022 at 11:59 p.m. Applicants should complete all sections of the application and devote some time toward the short answer and essay questions. Reviewing the application for spelling and grammar is advised. Incomplete applications will be disqualified. For more information, contact Dawn Hambrick at 406-243-2064,

What are the award amounts for each scholarship?

The scholarship award amounts vary and are competitive. Applicants who meet the criteria for more than one scholarship may receive multiple awards.

Does each scholarship have specific criteria?

Most scholarships are awarded based on academic merit or financial need, although some scholarships are limited to specific majors, residents of specific geographic regions, etc. Applicants who submit an online application by March 1, 2022 at 11:59 p.m. will be considered for all scholarships for which they are eligible.

Are any of the scholarships renewable?

Select scholarships are renewable. For information about whether your previous scholarship is renewable, contact Dawn Hambrick at All students are required to submit an online application to receive scholarship awards, renewable or not.

Do I have to have financial need?

 Students are encouraged to complete the FAFSA by the priority deadline December 1st 2021.

Do I have to be a business major?

Only business majors are eligible to receive scholarships through the College of Business.

Do I have to be a full-time student?

You must be enrolled during fall semester 2021 and spring semester 2022. Full-time enrollment status is required for undergraduate students (12 credits minimum) and graduate students (6 credits minimum).

Am I eligible if I graduate at the end of Fall 2022 semester?

You must be enrolled full-time during fall semester 2022 and spring semester 2023 to receive a 2022-23 scholarship. The only exception is if you are graduating in the spring and less than full time status is needed to graduate.

Are all scholarships for Montana residents?

While some scholarships give preference to graduates of Montana high schools, many scholarships are available for non-Montana residents.

I missed the March 1 deadline, can I submit a late application?

Online applications must be submitted by March 1, 2022 at 11:59 p.m.

How will I know if I received a scholarship?

You will be notified by email in April 2022. If your email address changes after your online application is submitted, please notify Dawn Hambrick at or at 406-243-2064 of your new email address.