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Aussy to Spain - Need $$$$ HELPP!!!!

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Aussy to Spain - Need $$$$ HELPP!!!! [#permalink] New post 23 Feb 2014, 20:58
Guys...I am F#cked! I am so f@cked that I am coming to you guys for help!

I'm Aussy and got accepted into a Spanish business school...in Madrid :lol:

I need to come up with 60,000 Euro and have no idea where to start.

1. As an Australian, what options are available for me to fund my MBA?
2. What options are available to me as a student of a Spanish institution?

The school does have partnerships with banks to subsidize loans. The max amount is only 30,000 Euro, and that's IF I get approved. I'm looking into scholarships and fellowships with the school, but I don't like my chances...

Oh man! I spent all of last year working my ass off for this, and now that I got an admit another obstacle is in the way! You just can't rest in this world aye!!!!!

Anyone have any advice or can point me in the right direction? I love you all!
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Re: Aussy to Spain - Need $$$$ HELPP!!!! [#permalink] New post 23 Feb 2014, 22:17
Expert's post
Congrats on getting an admit. So... yes, it is a bit convoluted with getting loans for foreign schools
Your best best is to start in Australia actually where your credit is based and work from there. You will not be the first Aussie to borrow for a foreign school and if it is a well known Spanish school you should be able to get it (it won't be straightforward - prepare to explain a lot about the school). I have had an American friend who has gone to school Melbourne actually (MBS) and his student loans were from the US.

I am also not fully buying that the school would not have more developed financing options since most Spanish schools get quite a few foreigners (but then again, they just have had some major budget issues so possibly). If you have not called them and mentioned that your financing options have fallen through and you are starting your search from scratch, they may be able to help more so than if you are vaguely inquiring about general options. They are interested in getting you enrolled since it won't look good for them either having you not go - your priorities and interests are aligned.

Third suggestion: Upstart upstart-fund-your-present-in-exchange-for-future-income-162345.html

Fourth suggestion: private financing options such as SoFi - perhaps an equivalent org exists in Europe?

Other options:
Credit cards? Marrying a rich old woman/man? Saving like crazy?

Good Luck!!!
Please report back if you find/don't find a solution.
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Re: Aussy to Spain - Need $$$$ HELPP!!!! [#permalink] New post 24 Feb 2014, 00:19
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My 2 cents -
There's no need to reinvent the wheel. I'm sure there would be other Aussies (or foreign nationals) in that school already.
a.) Talk to school about where to start and what options you have. Like bb, I'm not quite buying the fact that school doesnt have more developed options for financing.
b.) Connect with students in the school, with other admits and with recent alums. Those guys, in all probability, would have thoroughly explored their options. Take those as a starting point.

Good luck.
Re: Aussy to Spain - Need $$$$ HELPP!!!!   [#permalink] 24 Feb 2014, 00:19
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