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Financing a foreign MBA: How?

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Financing a foreign MBA: How? [#permalink] New post 25 Dec 2010, 20:17
BIG QUESTION:

If you are an American citizen entering a foreign MBA program located outside of the UNITED STATES, such as in Asia or Europe, how are you attaining financing for the program?

Because, unless I'm mistaken, Federal Loans (Stafford/Sallie Mae) are viable only for domestic U.S. schools, as are private grad-level loans from U.S. banks. For instance, Citibank stipulates, "You must be enrolled or planning to attend an undergraduate or graduate program at least part-time at an accredited college or university in the U.S."

So, for those US citizens entering foreign MBA programs (and who are not employer sponsored), how are you financing it?
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Re: Financing a foreign MBA: How? [#permalink] New post 27 Dec 2010, 04:36
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You may want to do some research but I believe you are still eligible for a Stafford loan even if the b-school you're attending is outside of the US. If you do a quick google search I'm sure you can verify this.

Then, many schools have ties with local banks (e.g. LBS with HSBC) and loans are given to foreign students as well. Lastly, there are plenty of scholarships out there (e.g. corporate scholarships or merit based scholarships).
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Re: Financing a foreign MBA: How? [#permalink] New post 04 Jan 2011, 07:42
lifeisshort wrote:
BIG QUESTION:

If you are an American citizen entering a foreign MBA program located outside of the UNITED STATES, such as in Asia or Europe, how are you attaining financing for the program?

Because, unless I'm mistaken, Federal Loans (Stafford/Sallie Mae) are viable only for domestic U.S. schools, as are private grad-level loans from U.S. banks. For instance, Citibank stipulates, "You must be enrolled or planning to attend an undergraduate or graduate program at least part-time at an accredited college or university in the U.S."

So, for those US citizens entering foreign MBA programs (and who are not employer sponsored), how are you financing it?


the good news for you is that most first tier Euro Bschools have loan agreements with local banks. Even foreign students can apply for loans without local cosigner. Given that most Euro Bschools have 90% of students from abroad, they need to have this loan programme in place. Some schools have even dedicated scholarships for admitted students from specific countries, either in order to develop geographic reach or national alumni donated to funds.
Re: Financing a foreign MBA: How?   [#permalink] 04 Jan 2011, 07:42
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