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Financial aspect of MBA

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Senior Manager
Joined: 26 Jan 2004
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07 Jul 2004, 01:18
Need some help:

Consider the following scenario.
A person gets an admit in a B-School, (The B-School is not offering any scholarship nor it is offering any Gauranteed loan).
Person who is going to attend the school, don't know any one in USA who can be a co-signer for the Loan from bank.
This person can only take with him the MAX 20K USD.
(assume that the total 2 year expenses for the B-School mentioned is around 90K to 100K)
What suggestion will you offer to this person regarding Financial aspect of his MBA. How can a person in this situation afford his MBA. (He needs to do the MBA, no other option !!!)
CIO
Joined: 31 Oct 2003
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07 Jul 2004, 11:33
http://www.citiassist.com

Should get you everything you need without a cosigner.
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http://www.mbagameplan.com

Senior Manager
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08 Jul 2004, 00:56
Thanks a ton for the link,

But the problem is the person in the context is not a US citizen and he has never worked in States (The link that you mentioned says, A person should be US citizen to be eligible for the loan)
(May be I didn't follow the link properly or may be I misread something, but appreciate if you can suggest something here.)

Thanks again.
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08 Jul 2004, 14:49
mba wrote:
Thanks a ton for the link,

But the problem is the person in the context is not a US citizen and he has never worked in States (The link that you mentioned says, A person should be US citizen to be eligible for the loan)
(May be I didn't follow the link properly or may be I misread something, but appreciate if you can suggest something here.)

Thanks again.

If it is 100K that it is most probably top10 bschool. if so, you obviously can get loan as well as most top bschool provide this option beyond your financial opportunities. you can also call in local banks. few european banks have joint programms with euro-bschools. in this case, thou can't cover your living expenses.
CIO
Joined: 31 Oct 2003
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Location: Ann Arbor
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08 Jul 2004, 20:55
mba wrote:
Thanks a ton for the link,

But the problem is the person in the context is not a US citizen and he has never worked in States (The link that you mentioned says, A person should be US citizen to be eligible for the loan)
(May be I didn't follow the link properly or may be I misread something, but appreciate if you can suggest something here.)

Thanks again.

Not true. You don't have to be a US citizen to get these loans for many b-schools. https://studentloan.citibank.com/mbciti ... g=p=bindex
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