Find all School-related info fast with the new School-Specific MBA Forum

It is currently 11 Jul 2014, 13:41

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

TUITION and TAXES

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Manager
Manager
avatar
Joined: 15 Aug 2008
Posts: 94
Schools: NYU Stern Class of 2012
WE 1: GM, Diversified Financial Svcs.
WE 2: Sales & Trading
Followers: 1

Kudos [?]: 10 [0], given: 3

Re: TUITION and TAXES [#permalink] New post 17 Nov 2008, 19:08
First of all, fantastic post Aau. Some really useful information here as people get closer to making some very significant financial decisions. I'm not sure if this is the correct post for this question or not, but it's something that I've struggled with in my own research. Below is an excerpt from Chicago Booth Profile on BW.com.

FINANCIAL AID
Full-time MBAs apply for financial aid through:
Dedicated financial aid office at the B-school

Full-time MBAs applied for financial aid for the current academic year: 100 %

Full-time MBAs receiving financial aid through school: 77 %

Mean MBA financial aid package for the current academic year: $ 55,276

Median MBA financial aid package for the current academic year:$ 67,500

On what basis are scholarships awarded?
academic merit
a combination of need and merit

Can someone break down what this means exactly? Are 77% of students receiving scholarship of ~$55,276 per year? Or is the term "financial aid package" inclusive of grants/scholarships/student loans, etc? If so, can you determine the average scholarship/grant that the average student receives? The quote below makes me think "financial aid" includes loans and scholarships:

Mean outstanding debt among the most recent graduates from the full-time MBA program:
$ 85,614

Appreciate any clarification you can provide. Again, great resource here.
Re: TUITION and TAXES   [#permalink] 17 Nov 2008, 19:08
    Similar topics Author Replies Last post
Similar
Topics:
Deduct MBA tuition from taxes? There is hope! miccarlo 2 12 Jan 2010, 08:57
Tax Ramifications of Firm Tuition Payment?? spgny 7 08 Apr 2009, 07:41
Gloria: Those who advocate tuition tax credits for parents nakib77 3 12 Oct 2005, 12:51
Gloria: Those who advocate tuition tax credits for parents ywilfred 3 07 Sep 2005, 06:23
Gloria: Those who advocate tuition tax credits for parents gmataquaguy 7 31 Jul 2004, 18:14
Display posts from previous: Sort by

TUITION and TAXES

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page   Previous    1   2   [ 21 posts ] 

Moderator: threestripes



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.