Yes, 200k is quite a lot. I was just curious about what the average loan amount is for an MBA student, especially international ones. The risk factor there is higher considering the work visa issues right now.
Are you saying 80k as the income keeping in mind post deduction? Even then it is on the lower side no? Isn't the average around 120-130k excluding signing bonus? And regarding loan providers, one can take it from multiple sources, right?
Prodigy Finance seems to be a famous choice for most people even though their interest rates are higher.
cheeeese
anulfc
But isn't that the norm? I mean most students take that kind of a loan only and then are able to pay it off right? Obviously not getting a job post-MBA is a different scenario altogether.
I wouldn't want to come out making $80k with $2k/mo in loan payments. Just me.
Part of my point is that you can't burden yourself with 200k of debt. Double checked the numbers and an in state student is capped at $68k of debt each year + other fees you can include - financial aid. Also in my prior post I am curious how most students get by given the caps and you can't receive funding for your expected personal budget.