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In this video, Tayo, a first-year MBA student at the University of Chicago Booth School of Business, discusses how to negotiate MBA scholarships. He shares his personal experience of successfully negotiating his scholarship after receiving advice from an alumnus. Tayo emphasizes that it is possible to negotiate scholarships at MBA programs, although not all schools may be willing to adjust their offers. He recounts how he approached both the University of Chicago and Berkeley Haas, resulting in one school increasing his scholarship while the other did not. This process ultimately influenced his decision on which school to attend.