Stanford might pay up to $160,000 for you to get your MBA -- as long as you work in the Midwest after graduation.
That's the deal the Silicon Valley university offered to the winners of its first-ever Stanford USA MBA Fellowship, who were announced Wednesday, CNBC reported.
This scholarship, which follows similar programs for Africa and India, was established because "the Midwest is strategically important to the United States and global economy, and Stanford wants to contribute to its strength," Jonathan Levin, the dean of the business school, said.
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Besides working to support "the region's economic development" in at least two of their first four years out of business school, scholarship applicants must have some connection to the Midwest, such as being a current resident or graduating from high school there.