<p>What is the basic structure of financial aid for mba programs? Is it similar to college admissions, where the better school you get into, the better the financial aid? What percentage is generally free money? I have a few friends who recently got into the elite MBA programs, and got quite a bit of free money, I used to be under the impression that most people have to pay the full sticker, with their own money or private loans, thoughts?</p>