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10 Dec 2015, 08:19
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kheown
Hey kheown did you understand that question where they say "What is the maximum ISLP percent you wish to be considered"? What does that mean?
kheown
Joined: 23 Nov 2014
Last visit: 23 Oct 2017
Posts: 220
Given Kudos: 58
Location: Spain
Concentration: Finance
Schools: Yale '18 (D) Tuck '18 (M$) Johnson '18 (A$) Kenan-Flagler '18 (A) Carroll '18 (A) Goizueta '18 (WD) Simon '18 (A) Owen '18 (A$)
GMAT 1: 720 Q49 V39
WE:Analyst (Commercial Banking)
Products:
Schools: Yale '18 (D) Tuck '18 (M$) Johnson '18 (A$) Kenan-Flagler '18 (A) Carroll '18 (A) Goizueta '18 (WD) Simon '18 (A) Owen '18 (A$)
GMAT 1: 720 Q49 V39
Posts: 220
10 Dec 2015, 11:49
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Hi!
I'd say they want to know how much money you estimate that you'll need from loans each year. This could be pretty hard, especially when you have no idea if you will be admitted with some kind of scholarship. What I did was allocating 80% of the money I'll have available at matriculation for first year expenses and partial payment of tuition. The rest of my money would go towards second year expenses or partial payment of tuition.
If you detract that amount from the annual estimated cost of the MBA at Simon, you should have an approximate figure of the money you'll need each year. Then just write the number that money represents of the total annual cost of the MBA, and you should have it
I also took into account some sort of partial scholarship since, given a couple of decisions that I have already recieved, I don't think I'd attend Simon without any scholarship money in case I'm admitted.
This figures should not play any part on the adcom admittance decision. But that's just my opinion, and I'd suggest to be honest throughout the whole process and a little bit more conservative when answering this questionnaire (meaning that I'd right a slightly higher number than the funding you actually think you'll need).
Best rgds,
kheown
I'd say they want to know how much money you estimate that you'll need from loans each year. This could be pretty hard, especially when you have no idea if you will be admitted with some kind of scholarship. What I did was allocating 80% of the money I'll have available at matriculation for first year expenses and partial payment of tuition. The rest of my money would go towards second year expenses or partial payment of tuition.
If you detract that amount from the annual estimated cost of the MBA at Simon, you should have an approximate figure of the money you'll need each year. Then just write the number that money represents of the total annual cost of the MBA, and you should have it
I also took into account some sort of partial scholarship since, given a couple of decisions that I have already recieved, I don't think I'd attend Simon without any scholarship money in case I'm admitted.
This figures should not play any part on the adcom admittance decision. But that's just my opinion, and I'd suggest to be honest throughout the whole process and a little bit more conservative when answering this questionnaire (meaning that I'd right a slightly higher number than the funding you actually think you'll need).
Best rgds,
kheown
11 Dec 2015, 09:40
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kheown
Thank you Kheown ! All the best for the Round 01 decisions !!
Have any Round 02 applicants received an invitation for interview ?
