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njindia
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Ross 2012 - Calling All Applicants 14 Jan 2012, 21:59
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Waitlisted without interview ....
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slumdog1000000
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Ross 2012 - Calling All Applicants 15 Jan 2012, 01:25
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neosumit
To those on the waitlist:

I will in all probability decline the offer from Ross.
I cannot garner the financial support without the non cosigner loan option.

Still will wait till the deposit is due, but I think we will have lots of waitlisted applicants being offered.
I just get a feeling that if I were a domestic candidate, I would not have to think of declining.
So much for equality in this world!!! I will love to change this.
Show more

I think there are some loan programs that do not require a US co-signer. You may want to check out the link below:

https://www.globalslc.com/

I'd have paid the deposit if I weren't in the same situation as you :(
I am gonna be optimistic about the whole situation, treat this problem as a pre-MBA project, and see how I can make the best of my current situation. Solutions won't be easy; neither will they land on our laps. But I'm sure there's a way out of this quagmire. Chins up, future wolverines! Go blue!
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Ross 2012 - Calling All Applicants 15 Jan 2012, 02:32
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neosumit
To those on the waitlist:

I will in all probability decline the offer from Ross.
I cannot garner the financial support without the non cosigner loan option.

Still will wait till the deposit is due, but I think we will have lots of waitlisted applicants being offered.
I just get a feeling that if I were a domestic candidate, I would not have to think of declining.
So much for equality in this world!!! I will love to change this.

I think there are some loan programs that do not require a US co-signer. You may want to check out the link below:

https://www.globalslc.com/

I'd have paid the deposit if I weren't in the same situation as you :(
I am gonna be optimistic about the whole situation, treat this problem as a pre-MBA project, and see how I can make the best of my current situation. Solutions won't be easy; neither will they land on our laps. But I'm sure there's a way out of this quagmire. Chins up, future wolverines! Go blue!
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I didn't get that. Does not Ross provide all accepted students with loan option?

If it doesn't, I have really no reason to apply to an elite mba school that itself couldn't find loans, but still claims to teach me how to make money
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mamup
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Ross 2012 - Calling All Applicants 15 Jan 2012, 02:42
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slumdog1000000


I think there are some loan programs that do not require a US co-signer. You may want to check out the link below:

https://www.globalslc.com/

I'd have paid the deposit if I weren't in the same situation as you :(
I am gonna be optimistic about the whole situation, treat this problem as a pre-MBA project, and see how I can make the best of my current situation. Solutions won't be easy; neither will they land on our laps. But I'm sure there's a way out of this quagmire. Chins up, future wolverines! Go blue!
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I like your spirit slumdog :) and share it to some extent. BTW where are you from?
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jessenchester
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Ross 2012 - Calling All Applicants 15 Jan 2012, 06:49
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There are a few folks from India who have received admits and are struggling with finance options. If you are in the same boat, please join the google group https://groups.google.com/group/rossmba2014-india. We will probably form a group and reach out to both Ross and Indian banks for financing options.
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Ross 2012 - Calling All Applicants 15 Jan 2012, 11:42
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navra
I didn't get that. Does not Ross provide all accepted students with loan option?

If it doesn't, I have really no reason to apply to an elite mba school that itself couldn't find loans, but still claims to teach me how to make money
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"...that itself couldn't find loans..."

Excuse me? The school isn't finding a loan, you are. At what point did it become a schools responsibility to guarantee loans for students? Should the school also pay your loans too if you default?

To clarify, nearly all MBA's don't guarantee loans, it used to be that CitiAssist gave out loans to just about everyone including internationals. Unfortunately, financial crisis/recession and killed that. Ross and Kellogg both supported the international loans program but let's be real, Ross a non-profit public university who is also struggling for budget cuts.
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Ross 2012 - Calling All Applicants 15 Jan 2012, 12:08
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Not to be insensitive to the situation, being chinese and having a lot of international friends I do understand the strain and difficulties of coming up with 150K for MBA. However do understand the Ross and many other schools have been trying the best it can to be able to support international students being that international students are 30% of the class.

But also do understand that there is not a lot of companies jumping to lead to internationals since as a group the borrowers:

- have high likelihood of leaving the country
- have no assets within the US
- have no cosigners as backup
- are currently unemployed

this is in addition to the typical risk of:
- the borrows are unable to pay back to loans
- the borrow is not able to repay within 20 years
- or die
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Ross 2012 - Calling All Applicants 15 Jan 2012, 14:41
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GoBruin
Not to be insensitive to the situation, being chinese and having a lot of international friends I do understand the strain and difficulties of coming up with 150K for MBA. However do understand the Ross and many other schools have been trying the best it can to be able to support international students being that international students are 30% of the class.

But also do understand that there is not a lot of companies jumping to lead to internationals since as a group the borrowers:

- have high likelihood of leaving the country
- have no assets within the US
- have no cosigners as backup
- are currently unemployedas

this is in addition to the typical risk of:
- the borrows are unable to pay back to loans
- the borrow is not able to repay within 20 years
- or die
Show more

I know relatively mediocre schools in developing countries that guarantee the availability of loans without a co-signer to all accepted students, and the schools will indeed repay the debts if students happen to default. For example, nes.ru, an economic school in Russia - it's not even a business school.

So I feel that students who passed through a severe competition and were accepted to one of the leading business schools on the Earth have the right to expect similar financing options as can provide schools in Russia. Also, as I know Fuqua provides loans to all international students and stands as a guarantor of the loan, which is, it will repay the loan if student defaults.
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Ross 2012 - Calling All Applicants 15 Jan 2012, 15:29
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gaurav20
Me too waitlisted. Any Indian here who is also in same boat ??

BTW what shall one do to improve chances in moving up the ladder from 'waitlisted' to 'admit' ??
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Check out this post to know what you can do to have the best chance to come off the list with an admit in hand.

Good luck!
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Ross 2012 - Calling All Applicants 15 Jan 2012, 16:50
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Waitlisted...
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Ross 2012 - Calling All Applicants 16 Jan 2012, 01:57
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GoBruin
Not to be insensitive to the situation, being chinese and having a lot of international friends I do understand the strain and difficulties of coming up with 150K for MBA. However do understand the Ross and many other schools have been trying the best it can to be able to support international students being that international students are 30% of the class.

But also do understand that there is not a lot of companies jumping to lead to internationals since as a group the borrowers:

- have high likelihood of leaving the country
- have no assets within the US
- have no cosigners as backup
- are currently unemployed

this is in addition to the typical risk of:
- the borrows are unable to pay back to loans
- the borrow is not able to repay within 20 years
- or die
Show more

GoBruin,

Thanks for your thoughts!! If you recollect I sought some help from you over PM and you provided me some detailed info about MAP and Ross in general.
Good to see some current student bringing his perspective here.
Are you aware of any other option being worked out from some other financial institution? I can say that even if 80% of the tuition amount is funded, most people will be happy with that as well.

Coming back to a very pertinent question about elite schools' ability to provide guaranteed loans to each admitted candidate, I can say that schools which provide the non cosigner option are doing a great favor to students from other nations where the dollar/local currency equation is not in the admitted students favor. Assuming the school itself is acting as a guarantor which happens in most cases, then we are looking at the risk of millions of dollars of unsecured loans for school the size of Ross.

However, the closure of the loan program from Michigan Credit Union makes me feel that the huge amount of funding and the length in number of years required to pay the debt for International candidates is skewed against the Financial body providing the loan. Nobody can say for sure if the graduating student will stay in the US for that long to pay off every penny of debt.
Add to that the economic scenario and you never know if Internationals will land up with jobs which will help them repay the loans without suffering financial strain for long time (5-7 years) post MBA.

On a personal note, I believe the cost of education itself has gone through the roofs at most US B-Schools in the last 5 years and the MBA per say can no longer guarantee great money almost everyone expects to make in their career. The lower end of the salaries even at Ross makes me believe that someone not being able to secure a high paying job will find it difficult to repay thousands of dollars in loans every year.

I had applied to Ross with the belief that if I get admitted, I may land up with some amount of scholarship and then the non cosigner option will make the finances working for me. But it seems Ross has not provided much scholarship to Internationals this time around. This is a very tricky situation for most Internationals and I hope it ends with a solution in favor of the admitted applicants. :)
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Ross 2012 - Calling All Applicants 16 Jan 2012, 07:27
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Anyone else obsessively checking their gmail today in the hopes of receiving an interview invite?
(I know, I know invitations begin to go out today or tomorrow, and they're interviewing in 3 waves so not hearing means nothing... grumble grumble I hate waiting)

R1-ers, did anyone figure out the logic in how interview invite waves were determined?
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Ross 2012 - Calling All Applicants 16 Jan 2012, 07:29
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LadyRoadWarrior
Anyone else obsessively checking their gmail today in the hopes of receiving an interview invite?
(I know, I know invitations begin to go out today or tomorrow, and they're interviewing in 3 waves so not hearing means nothing... grumble grumble I hate waiting)

R1-ers, did anyone figure out the logic in how interview invite waves were determined?
Show more

jesus christ, woman! I had completely forgotten we ll start getting the invites soon. Thanks for reminding me. Now to keep clicking that refresh mail button :( :P
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Ross 2012 - Calling All Applicants 16 Jan 2012, 07:36
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LadyRoadWarrior
Anyone else obsessively checking their gmail today in the hopes of receiving an interview invite?
(I know, I know invitations begin to go out today or tomorrow, and they're interviewing in 3 waves so not hearing means nothing... grumble grumble I hate waiting)

R1-ers, did anyone figure out the logic in how interview invite waves were determined?
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Not obsessively..but I was checking even before it was even 9 a.m. US Time :P
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Ross 2012 - Calling All Applicants 16 Jan 2012, 08:12
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Waitlisted w/o interview...another disappointment is the long waiting period for waitlisted guys.. 31st Aug 2012.
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Ross 2012 - Calling All Applicants 16 Jan 2012, 08:29
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asrider
Waitlisted w/o interview...another disappointment is the long waiting period for waitlisted guys.. 31st Aug 2012.
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Do you know if there were any candidates WL'ed after interviews as well? I thought Ross only WL'ed candidates whom they had not interviewed - I might be wrong though.
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Ross 2012 - Calling All Applicants 16 Jan 2012, 08:35
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No man!! guess there r probably 2 categories: "Selected amongst interviewed" and "Waitlisted"..Didnt see any 'ding' even??
Looks like its not worth waiting for that long.

pkatmi
asrider
Waitlisted w/o interview...another disappointment is the long waiting period for waitlisted guys.. 31st Aug 2012.

Do you know if there were any candidates WL'ed after interviews as well? I thought Ross only WL'ed candidates whom they had not interviewed - I might be wrong though.
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Ross 2012 - Calling All Applicants 16 Jan 2012, 09:07
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Hello asrider, sorry to hear about being waitlisted. Which round did you apply in?
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Ross 2012 - Calling All Applicants 16 Jan 2012, 09:07
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https://xkcd.com/281/

Sums up the situation :P.
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Ross 2012 - Calling All Applicants 16 Jan 2012, 09:29
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Do you all think that they'll be sending out interview invites on MLK day?
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