No you arent - I havent even finalized my loan yet. But while 52K euros arent chump change, over a 30 yr working career it most certainly is chump change. I have never had debt of my own in the past but I am surprisingly relaxed about this future debt.
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INSEAD Sept 2010 Interview Invite Nov 5, 2009 Admit & Matriculating
Wharton Sept 2010 Interview Invite Oct 30, 2009 Waitlisted & Ding
Harvard Sept 2010 Ding without Interview
Ivey May 2010 Interview Invite Nov 23, 2009 Admit + $$

Prodigy Finance, a UK based company founded by INSEAD grads, offers loans to students admitted to INSEAD regardless of nationality. The avg loan they provide is 30000 euros.

google: "prodigy finance" (sorry i need to have 5 posts on gmatclub before i can post a link to their website)

Has anyone had any experience with Prodigy? Are the loans guaranteed ?

I submitted my Prodigy app last week and got an automated response:

Thank you for your application with us. Please note that we are currently processing July 11 students and we will be processing your class’s applications by the end of July.

I think I'll give HSBC and NatWest a try soon. I heard not-so-good things about HSBC but met an admit last night who said her approval from them was a piece of cake (she banks with them, as do I.) I've heard better things about NatWest, but we'll see!
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Monkeypunch MBA Blog | GMAT Debrief

Hi everyone, thanks for your messages below.
I am admitted for the INSEAD MBA J12 Class starting in Singapore.

I am currently working in Australia under a 457 visa (sponsorship). I am not a Permanent Resident of Australia. My chances of becoming a Resident have been reduced due to last changes on immigration Policies (despite of my skills, work, etc); however, is still not impossible that I get the residency after September, but it will imply a big movement in terms of time and money investment, so I would like to be clear about how useful it would be in terms of getting a loan for the MBA.
My home country is in South America, and there are no loans to MBA students over there.

So I would like to explore (in advance, as you might see) the possibilities here, in Australia. My questions at this stage are the following, if anyone can help me:

1- Does anyone know about MBA loans for 457 visa holders? I can prove a quite good record of income in Australia, working for a quite important company, etc

2- How does it work for Permanent Residents (or citizens of Australia)? Do they get MBA loans "easily", for overseas Schools as the INSEAD? What banks should I contact? (I saw that Natwest could be an option) What interest rates?

If anyone would like to meet for lunch or coffee to discuss further, I would be very grateful as well. I currently work in North Sydney. Not sure if I can post my email here?

Many thanks in advance and wish the best for those admitted for the J11 intake as I saw below.

anyone here taken a study loan on top of home loan? i'm from india and have a home loan running with Euro 500 monthly instalment (fixed for 3yrs), any idea if that makes the chance of edu loan very low?

somewhat like monkeypunch - I can pay for living expenses, home loan and keep an 'oh-god-economy-sux' buffer in the bank and may be manage up to Euro 10K for tuitions, but thats max
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my-gmat-experience-750-q-51-v-40-awa-98031.html

Just following up on this thread - I applied to Prodigy for a loan some time back (in June - but they didn't process the 11'D apps until mid-July) and had my loan accepted. In terms of the questions they ask personal referees, I don't think they actually contacted anyone! They were really easy to deal with, and got the loan sorted very quickly once the decision had been made (around July 26th).

Hey johnstan

Thanks for the info. Could you also tell please how big (approx) the amount was and what interest they're going to charge?
(That may be a too personal question for you, I'm sorry if it is so)

Thanks in advance

Andrey