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Confused about my financial condition..please help...

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Intern
Intern
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Joined: 27 Apr 2013
Posts: 4
WE: Information Technology (Computer Software)
Followers: 0

Kudos [?]: 5 [0], given: 15

Confused about my financial condition..please help... [#permalink] New post 27 Apr 2013, 09:27
Hi all,

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....

Ani
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1 KUDOS received
Intern
Intern
avatar
Status: Studying
Joined: 09 Dec 2012
Posts: 26
Location: Russian Federation
Concentration: Finance, Strategy
GMAT Date: 04-06-2013
GPA: 3.6
WE: Consulting (Insurance)
Followers: 0

Kudos [?]: 14 [1] , given: 0

GMAT ToolKit User
Re: Confused about my financial condition..please help... [#permalink] New post 28 Apr 2013, 03:12
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Hi Ani!

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.

Please correct me if I'm wrong...
Intern
Intern
avatar
Status: Studying
Joined: 09 Dec 2012
Posts: 26
Location: Russian Federation
Concentration: Finance, Strategy
GMAT Date: 04-06-2013
GPA: 3.6
WE: Consulting (Insurance)
Followers: 0

Kudos [?]: 14 [0], given: 0

GMAT ToolKit User
Re: Confused about my financial condition..please help... [#permalink] New post 28 Apr 2013, 03:13
The worst case scenario would be that you get no scholarship and would own the bank... but that's all manageable ;) ppl wouldn't go to bschool if it wasn't profitable afterwards
Re: Confused about my financial condition..please help...   [#permalink] 28 Apr 2013, 03:13
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