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Kellogg announced it is launching a deferred admission program called the Kellogg Future Leaders program. Seniors of any accredited undergraduate program can now apply under this program for future admission to Kellogg’s full-time MBA program. Admitted applicants will be able to defer their admission for up to five years while they gain work experience, though they must wait at least two years before starting.

Deferred applicants gain access to “premiere Kellogg resources.” The deposit is $500 initially plus $500 for every year of deferment.