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06 Nov 2008, 10:39
Kudos
Bookmarks
The Barclays loan have disappeared from SBS website.
It's still in google cache:
But now gone from the SBS website. And there's no loan option for which I meet the requirements to apply (either US or UK permanent residency requirement).
Does anybody know what happened?
I have been increasingly worried about financing my MBA.
The cash I have on my bank account could cover my living expenses for a year. How. Also I have not debt. But I will have to borrow the full tuition fee amount. What if I cannot find a loan?
It's still in google cache:
Quote:
But now gone from the SBS website. And there's no loan option for which I meet the requirements to apply (either US or UK permanent residency requirement).
Does anybody know what happened?
I have been increasingly worried about financing my MBA.
The cash I have on my bank account could cover my living expenses for a year. How. Also I have not debt. But I will have to borrow the full tuition fee amount. What if I cannot find a loan?
06 Nov 2008, 11:10
Kudos
Bookmarks
Hi Lumone,
I'm not surprised: bschools are forced to cancel their loan schemes all over the world. As for my current finances, I'm in even worse situation than you. Now I'm searching for some alternative ways of financing - sell some of the property, borrow from friends etc. Hey, I even bought myself a lottery ticket yesterday!
But seriously, as for now, the prospects are grim. At present, no loan = no MBA for me 
I'm not surprised: bschools are forced to cancel their loan schemes all over the world. As for my current finances, I'm in even worse situation than you. Now I'm searching for some alternative ways of financing - sell some of the property, borrow from friends etc. Hey, I even bought myself a lottery ticket yesterday!
But seriously, as for now, the prospects are grim. At present, no loan = no MBA for me 06 Nov 2008, 11:43
Kudos
Bookmarks
At least we can share our misery...
One more thing, I have noticed the average pre-MBA salaries at SBS were at about 40K£. My salary is well under that. That is a high risk situation for me and for the bank. Would it lend between 30-50K£ to someone who doesn't make much? What if I fail and don't graduate (I am sure this happened to someone before)? I would get back to a relatively low pay job and unable to repay the loan... The idea of not even applying came into my mind this afternoon.
But, one problem at a time. First the application, if admitted anywhere I will look for options.
One more thing, I have noticed the average pre-MBA salaries at SBS were at about 40K£. My salary is well under that. That is a high risk situation for me and for the bank. Would it lend between 30-50K£ to someone who doesn't make much? What if I fail and don't graduate (I am sure this happened to someone before)? I would get back to a relatively low pay job and unable to repay the loan... The idea of not even applying came into my mind this afternoon.
But, one problem at a time. First the application, if admitted anywhere I will look for options.
