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How are you going to finance your MBA?

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Joined: 31 Jan 2009
Posts: 4
Schools: Wharton, Columbia, LBS (dinged), Said (invited for an interview), Duke (had an interview with alumni), ESADE (admitted), Cranfield (admitted), IE (admitted with a scholarship)
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How are you going to finance your MBA? [#permalink] New post 13 Feb 2009, 14:20
I have never thought that I would have problem financing my MBA but now is a different time... No 100k in a pocket anymore... My friend told me that even Spanish banks are not interested in giving loans to MBAs. Any ideas how to get money??
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Joined: 31 Jul 2008
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Location: London UK
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Re: How are you going to finance your MBA? [#permalink] New post 17 Feb 2009, 18:23
For US schools, the following thread might be of use:

108-t41568

Regardless of school region though, it seems like the school-supported loan programs are probably the best options for now.

In the USA at least, I have been getting interest rate quotes for private loans exceeding 10%, even with top-tier credit history. However, for some schools in Europe (such as LBS and INSEAD), the American government has loan programs (Stafford/GradPLUS/etc.) that are available to US citizens or permanent residents. And LBS has the HSBC loan scheme.

So in the end, it will probably depend on the school you attend (and what loan schemes they offer), along with any government-supported loan programs from your home country, if any. After that (and grants/scholarships), the private bank loans are probably a more distant option.
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Re: How are you going to finance your MBA? [#permalink] New post 17 Feb 2009, 21:22
If you are going to the UK, you should also look into the Chevening scholarship scheme given to overseas students doing postgraduate studies in the UK.
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Best Regards,

Paul

Re: How are you going to finance your MBA?   [#permalink] 17 Feb 2009, 21:22
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How are you going to finance your MBA?

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