In an effort to answer the growing demand for highly educated business professionals, several campus-based and online colleges are creating more financial aid opportunities for MBA degree seekers. In fact, some schools are seeking the help of industry-specific organizations to increase enrollment in these programs.

For instance, the Illinois Bankers Association (IBA) recently announced the launch of a scholarship program that will help financial professionals cover the cost of an executive MBA program.

Each September for the next three years, the organization will award two financial aid packages worth $20,000 each. Program organizers say that the scholarships are intended to supplement any other support these degree seekers may be receiving from there employers, who must be members of the IBA.

Higher education in business could prove especially beneficial to banking professionals, as it could teach them to adapt to the “dynamic nature of competition and innovation within financial services,” said Linda Koch, president and CEO of the IBA.

Similar opportunities could help degree seekers boost their careers without placing a weighty financial burden on themselves and their families.