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Confused about my financial condition..please help... [#permalink]
27 Apr 2013, 09:27
First of all about my profile..
10th : 86% state board (india) 12th : 74% state board B.tech : 72 % ( Deemed University )
Work Exp : Currently working in US based MNC from last 10 months as Quality Analyst .
All i have is money for GMAT prep , Gmat test , Visa & Application ....till departure.. After that i would like to finance for my self....
Went bank for loans...but they need security...dnt want to bother my parents anymore...
What are Scholarship scenerios in US for MBA if i go to state university....with a avg GMAT score ( 650-700 ) & 2 year Work exp in a good MNC. Can i get scholarship...Does getting visa depends upon how much money you have in ur bank account ??
visited 50 univ websites ...fee ranges from 30000- 80000 dollors...whart is the actual fee...after getting scholarship ? please help me out... thanks in advance....
Re: Confused about my financial condition..please help... [#permalink]
28 Apr 2013, 03:12
This post received KUDOS
Here's the Booth 1st year cost as an example:
2012 - 13 Estimated Cost of Attendance Three Quarters (nine months)
Tuition 10 Courses, $56,000 Student Life Fee $931 Health Insurance $2,757 Administrative Service Fee $1,800 (first year only) Lifetime Credentials Fee $45 (a one-time fee charged in fall of the first year) Books $2,100 Rent and Utilities $13,500 ($1,500 per month) Food $5,400 ($600 per month) Personal $3,000 Transportation $1,350 Computer Allowance $1,800 (first year only) Total $88,683
The scholarship could cover up to 100% of the classes costs and in some cases living expenses if you live on campus (but rarely). The banks will provide you with a loan of up to the total official costs.
But you will start repaying it only a year after graduation, so you'll have time to save up a bit. And don't forget that your summer internship will earn you roughly $2 000/week.
So in reply to your question - if you do manage to get a full scholarship, you will still have to provide for your living and personal expenses.