Events & Promotions
|
|
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
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Nov 2007:30 AM PST
-08:30 AM PST
Learn what truly sets the UC Riverside MBA apart and how it helps in your professional growth
19 Feb 2015, 18:05
Kudos
Bookmarks
Hi everyone, I just got the admit call today from Rotman and then the email with the acceptance details. This is my dream school, however I did not get any entrance scholarship, nothing at all. This is very sad for me since I was counting with at least some money, but the fact that I did not receive any money is an indication that I am not worth it.
Now, the end of the "non-co-signer loans" program for international students just makes things worst, Prodigy seems too uncertain for me, so my question would be:
1. What other options are for financing my MBA program that you recommend?
2. Is the Prodigy finance good? I mean, for Rotman they state the following but I do not know whether this is good or bad, how can I compare:
Variable interest rates ranging from US Libor + 5.5% to US Libor + 8.5%
3. Is there any whatsapp group for admitted students that I can join in? Can you send me a PM?
I am still waiting to hear from the other schools that I applied for but I am very sad.
Thanks in advance,
Fernando
Now, the end of the "non-co-signer loans" program for international students just makes things worst, Prodigy seems too uncertain for me, so my question would be:
1. What other options are for financing my MBA program that you recommend?
2. Is the Prodigy finance good? I mean, for Rotman they state the following but I do not know whether this is good or bad, how can I compare:
Variable interest rates ranging from US Libor + 5.5% to US Libor + 8.5%
3. Is there any whatsapp group for admitted students that I can join in? Can you send me a PM?
I am still waiting to hear from the other schools that I applied for but I am very sad.
Thanks in advance,
Fernando
myleo
Joined: 03 Mar 2014
Last visit: 31 Aug 2016
Posts: 86
Own Kudos:
Given Kudos: 1
Schools: Queens'17 (M$)
Products:
19 Feb 2015, 23:49
Kudos
Bookmarks
[quote="fermar84"]Hi everyone, I just got the admit call today from Rotman and then the email with the acceptance details. This is my dream school, however I did not get any entrance scholarship, nothing at all. This is very sad for me since I was counting with at least some money, but the fact that I did not receive any money is an indication that I am not worth it.
Now, the end of the "non-co-signer loans" program for international students just makes things worst, Prodigy seems too uncertain for me, so my question would be:
1. What other options are for financing my MBA program that you recommend?
2. Is the Prodigy finance good? I mean, for Rotman they state the following but I do not know whether this is good or bad, how can I compare:
Variable interest rates ranging from US Libor + 5.5% to US Libor + 8.5%
3. Is there any whatsapp group for admitted students that I can join in? Can you send me a PM?
I am still waiting to hear from the other schools that I applied for but I am very sad.
Thanks in advance,
Fernando[/quote
In the U.S. you can get easy access to financing provided you are a citizen or a permanent resident. Prodigy's interest rates are good from a developing country perpsective but not from a developed country's perspective. Additionally prodigy will only give you 40-50 k even if you submit all the documents and they charge a rate which is normally at the higher end of the range. One more thing getting into Rotman isn't easy so never think you are not worth it. Scholarship is not easy to get and a very small percentage of students get it. The scholarship pool isn't as big as it is for schools in us. I would say make sure you have enough money before you pay that deposit as it is non-refundable if you were counting on that scholarship money.the total cost is roughly 125k with living exp provided you are willing to work part time in the second yr.
Now, the end of the "non-co-signer loans" program for international students just makes things worst, Prodigy seems too uncertain for me, so my question would be:
1. What other options are for financing my MBA program that you recommend?
2. Is the Prodigy finance good? I mean, for Rotman they state the following but I do not know whether this is good or bad, how can I compare:
Variable interest rates ranging from US Libor + 5.5% to US Libor + 8.5%
3. Is there any whatsapp group for admitted students that I can join in? Can you send me a PM?
I am still waiting to hear from the other schools that I applied for but I am very sad.
Thanks in advance,
Fernando[/quote
In the U.S. you can get easy access to financing provided you are a citizen or a permanent resident. Prodigy's interest rates are good from a developing country perpsective but not from a developed country's perspective. Additionally prodigy will only give you 40-50 k even if you submit all the documents and they charge a rate which is normally at the higher end of the range. One more thing getting into Rotman isn't easy so never think you are not worth it. Scholarship is not easy to get and a very small percentage of students get it. The scholarship pool isn't as big as it is for schools in us. I would say make sure you have enough money before you pay that deposit as it is non-refundable if you were counting on that scholarship money.the total cost is roughly 125k with living exp provided you are willing to work part time in the second yr.
myleo
Joined: 03 Mar 2014
Last visit: 31 Aug 2016
Posts: 86
Own Kudos:
Given Kudos: 1
Schools: Queens'17 (M$)
Products:
20 Feb 2015, 00:36
Kudos
Bookmarks
fermar84
I forgot to mention one important thing which is overlooked. The prodigy loan is is usd and so if you end up being approved for 50k you are basically looking at 62-65 k cad depending on the what the exchange rate is at that time.
