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gaga
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I'm an international here (from Singapore), and I was admitted to Tuck Class of 2013 in the EA round. And oh boy, I can't speak enough of my excitement! Tuck is my dream school!

While I'm basking in the thrill of joining the Tuck family, financing worries are creeping into the back of my mind. I have sufficient on hand to fund about 50% of 1-year cost of attendance, but would need financial aid for the rest of the budgeted amount. I emailed Tuck Financial Aid Office yesterday and maybe I can share some information here. I was told that Tuck do not have further information about lending options for international students, but they are working on it. I was asked to explore lending opportunities in my country, and whether I had a U.S. co-signer. Well not much other information besides this.

While I can explore lending options in my country, it is unlikely that I can get such huge a loan when I'm going to be unemployed. Furthermore, deferred payment is unlikely, which makes repayment a problem when i'm at Tuck. To make matters worse, I do not have a U.S. co-signer. I really hope Tuck can share some good news about non co-signer loans for international students soon. To have come this far, I would really hate to give up my Tuck dream just because financing stands in the way.
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I'm an international here (from Singapore), and I was admitted to Tuck Class of 2013 in the EA round. And oh boy, I can't speak enough of my excitement! Tuck is my dream school!

While I'm basking in the thrill of joining the Tuck family, financing worries are creeping into the back of my mind. I have sufficient on hand to fund about 50% of 1-year cost of attendance, but would need financial aid for the rest of the budgeted amount. I emailed Tuck Financial Aid Office yesterday and maybe I can share some information here. I was told that Tuck do not have further information about lending options for international students, but they are working on it. I was asked to explore lending opportunities in my country, and whether I had a U.S. co-signer. Well not much other information besides this.

While I can explore lending options in my country, it is unlikely that I can get such huge a loan when I'm going to be unemployed. Furthermore, deferred payment is unlikely, which makes repayment a problem when i'm at Tuck. To make matters worse, I do not have a U.S. co-signer. I really hope Tuck can share some good news about non co-signer loans for international students soon. To have come this far, I would really hate to give up my Tuck dream just because financing stands in the way.

I hope you find a financing option.

Keep in mind also that the cost of attendance numbers on the web page are just estimates. It is my understanding that the actual cost is higher ( I don't know how much higher) than the estimates. Also, I don't know if you plan on bringing a spouse and children, but the costs would be higher than indicated on the web page.

I don't now if you factored that in. But, just so you are aware.
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How can Tuck's dean make Congress do anything? There is a strain of anti-immigration/xenophobia running through the U.S. right now. Post 9/11, it became more difficult to get a U.S. visa. I wouldn't be surprised at all if Congress has made it harder for internationals to get H1-B visas with unemployment as high as it is here in the States. Personally, I think the U.S. is shooting itself in the foot with these policies, but immigration is a contentious political topic these days.

As much as Tuck wants to make its program more international and attract quality international students, I can't imagine the school's dean would do anything to make it more difficult for applicants/students/graduates to get a visa.

it seems weird for me too, they surely should want to attract and keep qualified individuals, who may be among the best in their respective fields.

About no co-signer loans: Tuck's new policy is pretty much a game changer for me.

Do you think this unique to Tuck or the start of a trend amongst b-schools?

My guess is trend. Columbia just went through this. I don't know if they have resolved anything. Of course two schools doesn't indicate a trend. However, the way lending is in the States these days, I wouldn't doubt it.

I think schools need more donors, especially international donors, to step in and set-up scholarship funds. I think the international alumni needs to pull their resources together.
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Thanks a lot for your advice lagomez. I have every intention to standby additional funds on top of the cost of attendance advised on the website, as I believe I could apply for international loans up to the cost of attendance. With the recent changes, I will need to rework on the numbers. I will be fortunate if I am able to secure the bare minimum funding now.
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kevintay
While I can explore lending options in my country, it is unlikely that I can get such huge a loan when I'm going to be unemployed. Furthermore, deferred payment is unlikely, which makes repayment a problem when i'm at Tuck. To make matters worse, I do not have a U.S. co-signer. I really hope Tuck can share some good news about non co-signer loans for international students soon. To have come this far, I would really hate to give up my Tuck dream just because financing stands in the way.

That's a standard situation for a majority of international applicants. I still hope I'll get admitted to Tuck, but if I'm dinged, I won't worry at all.
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gaga

But talking about immigration, UK made amendments in October to attract more highly skilled immigrants; yes, in this economic slowdown!!! Whereas US made it difficult.

I am afraid you are misinterpreting what those amendments in the UK immigration system actually mean. The new conservative government just closed the doors for highly skilled migrants (starting from April 2011) and will only let people of exceptional talent such as Nobel Prize winners to come to the UK without a job offer. The new system will be like the American one, maybe even more restrictive.

Regarding the Tuck loans for international students, I thought it was quite unprofessional on their behalf to change the terms midway through the application process, without even notifying the applicants. I personally wouldn't have submitted my EA application if I knew about this in advance. I was waitlisted and despite Tuck being my top choice, I had to take my name off the waitlist because I can't afford this education without a substantial loan.
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Regarding the Tuck loans for international students, I thought it was quite unprofessional on their behalf to change the terms midway through the application process, without even notifying the applicants. I personally wouldn't have submitted my EA application if I knew about this in advance. I was waitlisted and despite Tuck being my top choice, I had to take my name off the waitlist because I can't afford this education without a substantial loan.

I am applying in the January round and I will be very very disappointed if I get admitted with no access to loans for internationals. I have spent a huge sum of money just to travel to the other side of the Atlantic in order to visit and interview at Tuck. Apart from the flight ticket, I had to rent a expensive car at the Boston-Logan airport and book an expensive hotel ! I have even dropped to apply to other top 5 school because I concluded that Tuck is a hidden jewel in the MBA world !!! :x

And I am still not buying this idea that a Dean who is supposed to be trying to improve the international status of his "stuck-in-the-middle-of-nowhere" program would work against internationals !!!!! :x
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Just curious. Was the Tuck web site recently updated regarding international loans? Or did most international applicants not read that part?
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Just curious. Was the Tuck web site recently updated regarding international loans? Or did most international applicants not read that part?

I think it was changed some time in October or November. Up until late fall, they were offering no-cosigner student loans, otherwise I wouldn't have wasted my $$$ to visit the campus.

horrorshow,
You need to do more research on UK immigration. When they made the change in immigration policy two months back, there were few demonstrations and violence and it was in the news. Of course, it was not as big of a demonstration as the recent tution hike decision has provoked.
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I have sufficient on hand to fund about 50% of 1-year cost of attendance, but would need financial aid for the rest of the budgeted amount.

There are other expenses like club membership fees, cost of treks and leisure travel during breaks that you would have to factor in. And for networking purposes, each Boston day-trip would cost $50. Also, first years usually live in the dorms which does not have a cooking range, only a microwave in the lobby, so food expenses can be higher. But the dorms are real FUN.
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gaga
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I have sufficient on hand to fund about 50% of 1-year cost of attendance, but would need financial aid for the rest of the budgeted amount.

There are other expenses like club membership fees, cost of treks and leisure travel during breaks that you would have to factor in. And for networking purposes, each Boston day-trip would cost $50. Also, first years usually live in the dorms which does not have a cooking range, only a microwave in the lobby, so food expenses can be higher. But the dorms are real FUN.

Add to that clothing. Clothing if you don't have a lot of dress clothes for recruiting events and of course winter clothing. Many people are talking about a whole new wardrobe for both functions and weather. It may not be appropriate to wear clothing that looks "worn", outside of casual clothing.
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kevintay
I have sufficient on hand to fund about 50% of 1-year cost of attendance, but would need financial aid for the rest of the budgeted amount.

There are other expenses like club membership fees, cost of treks and leisure travel during breaks that you would have to factor in. And for networking purposes, each Boston day-trip would cost $50. Also, first years usually live in the dorms which does not have a cooking range, only a microwave in the lobby, so food expenses can be higher. But the dorms are real FUN.

Add to that clothing. Clothing if you don't have a lot of dress clothes for recruiting events and of course winter clothing. Many people are talking about a whole new wardrobe for both functions and weather. It may not be appropriate to wear clothing that looks "worn", outside of casual clothing.

No kidding. I included business suits in my original post but deleted it thinking that internationals will bring them from their home country but you're right...looking at the number of recruiting events, one would have to either buy them more frequently or have lots of them.
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horrorshow


Regarding the Tuck loans for international students, I thought it was quite unprofessional on their behalf to change the terms midway through the application process, without even notifying the applicants. I personally wouldn't have submitted my EA application if I knew about this in advance. I was waitlisted and despite Tuck being my top choice, I had to take my name off the waitlist because I can't afford this education without a substantial loan.

I totally agree here.
During the summer when I was deciding to wich school to apply, the possibility of having a loan without a US co-signer was my top criteria. (that's why I did'nt apply to columbia)
I then decided to apply to Tuck EA round, and by end of october, they lunched a new web site on which they changed the rules!
I was rejected by Tuck, but what made me angree was the fact that they changed the rules. I visited and really loved the place and people. I'm not really sad about my rejection since I know that I could not go to Tuck without a loan....
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Just a word about clothing from my own experience. I attended Tuck Diversity Conference in late November (30 degree weather). Students went to class looking very casual (jeans, tshirt, hoodie sweater), so don't think it's necessary to show up wearing a blazer everyday. Of course you'll need a warn winter coat, and a suit or two, but don't blow a bunch of your hard earned money for no reason.
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One jacket? One or two suits? No way. Thats like only having five pairs of shoes.

Posted from my mobile device
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Thanks a lot to everybody for sharing your knowledge on potential 'hidden' costs. Really appreciate it. All the best to everybody!
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VictoryMBA
Just a word about clothing from my own experience. I attended Tuck Diversity Conference in late November (30 degree weather). Students went to class looking very casual (jeans, tshirt, hoodie sweater), so don't think it's necessary to show up wearing a blazer everyday. Of course you'll need a warn winter coat, and a suit or two, but don't blow a bunch of your hard earned money for no reason.

Nobody would care if you went to classes in pajamas!! We're talking about suits for recruiting events, company presentations, networking, etc.
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