Last visit was: 18 Nov 2025, 23:25 It is currently 18 Nov 2025, 23:25
Home
GMAT
Messages
Tests
Schools
Events
Rewards
Chat
My Profile
Close
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

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Comprehensive US Scholarship/Financial Aid Discussion 10 Jan 2008, 12:46
Kudos
Add Kudos
Bookmarks
Bookmark this Post
yeah, if the Federal loans are at 6.8 and 8.25%, and the Prime is at 7.25%, I probably will just use the money from selling my place to pay for B-school and not bother with loans, since getting a 7%+ investment might be a bit too risky/volatile for my tastes while in school...
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Comprehensive US Scholarship/Financial Aid Discussion 10 Jan 2008, 12:55
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Adding this thread to the mix for more information:

103-t58291
User avatar
dabots
User avatar
Joined: 18 Sep 2006
Last visit: 28 Apr 2014
Posts: 955
Own Kudos:
34
Location: Chicago, IL
Schools:Chicago Booth 2010
Posts: 955
Kudos: 34
Comprehensive US Scholarship/Financial Aid Discussion 10 Jan 2008, 14:26
Kudos
Add Kudos
Bookmarks
Bookmark this Post
im wondering if it is even worth trying to minimize my assets just to get the subsidized loan. i mean its capped at $8500? thats nothing in the grand scheme of things.
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media & Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Comprehensive US Scholarship/Financial Aid Discussion 10 Jan 2008, 15:05
Kudos
Add Kudos
Bookmarks
Bookmark this Post
I've heard from sources that the subsidized loan is very hard to get (unless you have like, zero savings and <$50K salary a year it seems). It might not be worth it in the end...
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media &amp; Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Comprehensive US Scholarship/Financial Aid Discussion 10 Jan 2008, 15:54
Kudos
Add Kudos
Bookmarks
Bookmark this Post
added some new links from last year's students, thanks to Praetorian, check the first post.
avatar
gmatclb
avatar
Joined: 09 Jan 2007
Last visit: 14 Jun 2009
Posts: 706
Own Kudos:
27
Posts: 706
Kudos: 27
Comprehensive US Scholarship/Financial Aid Discussion 11 Jan 2008, 08:52
Kudos
Add Kudos
Bookmarks
Bookmark this Post
So is a scholarship factored in when we apply for financial aid?
User avatar
solaris1
User avatar
Joined: 05 Aug 2007
Last visit: 09 Aug 2011
Posts: 1,431
Own Kudos:
223
Given Kudos: 22
Concentration: General Management
Schools:NYU Stern '11
Posts: 1,431
Kudos: 223
Comprehensive US Scholarship/Financial Aid Discussion 11 Jan 2008, 09:35
Kudos
Add Kudos
Bookmarks
Bookmark this Post
It is. Say the expected annual outlay for your school is $65,000, and you receive a outside scholarship for $15,000 - then you'd only be eligible for $50,000 in further "financial aid."

Most of the time such a scholarship would simply reduce the amount of debt you would take on, and that's not a bad thing.

gmatclb
So is a scholarship factored in when we apply for financial aid?
Show more
avatar
gmatclb
avatar
Joined: 09 Jan 2007
Last visit: 14 Jun 2009
Posts: 706
Own Kudos:
27
Posts: 706
Kudos: 27
Comprehensive US Scholarship/Financial Aid Discussion 11 Jan 2008, 11:57
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Well, it will factor into my decisions if for insance...

40K tuition...no scholarship

I get 20K free aid and 20K loans...


40K tuition... 10K scholarship

I get 10K free aid and 20K loans....


You get what I mean?
User avatar
solaris1
User avatar
Joined: 05 Aug 2007
Last visit: 09 Aug 2011
Posts: 1,431
Own Kudos:
223
Given Kudos: 22
Concentration: General Management
Schools:NYU Stern '11
Posts: 1,431
Kudos: 223
Comprehensive US Scholarship/Financial Aid Discussion 16 Jan 2008, 20:35
Kudos
Add Kudos
Bookmarks
Bookmark this Post
By the way, anyone know which lenders waive the "1.5% federal origination fee" and the "1% federal default fee" on federal student loans?
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Comprehensive US Scholarship/Financial Aid Discussion 18 Jan 2008, 05:38
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Did you guys see this?

I dont like that AT ALL...any thoughts? Will we as top 10 mba aspirants not be influenced?

https://www.businessweek.com/bschools/co ... op+stories
"A Shaky Season for Student Loans"
User avatar
togafoot
User avatar
Current Student
Joined: 18 Dec 2007
Last visit: 29 Jul 2014
Posts: 983
Own Kudos:
145
Given Kudos: 10
Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Posts: 983
Kudos: 145
Comprehensive US Scholarship/Financial Aid Discussion 18 Jan 2008, 21:20
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Yep.

In case no-one has ever heard of social lending. This company (a red herring one to watch company) is providing a new way to loan money. It's an interesting concept.

https://www.zopa.com
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Comprehensive US Scholarship/Financial Aid Discussion 19 Jan 2008, 07:39
Kudos
Add Kudos
Bookmarks
Bookmark this Post
togafoot
Yep.

In case no-one has ever heard of social lending. This company (a red herring one to watch company) is providing a new way to loan money. It's an interesting concept.

https://www.zopa.com
Show more

I doubt this is an option for business school.

I contacted the Ross financial aid office, they reconfirmed that the CitiAssist loan will continue to be available...
User avatar
nervousgmat
User avatar
Current Student
Joined: 06 Feb 2007
Last visit: 08 Dec 2009
Posts: 930
Own Kudos:
267
Products:
My Reviews
Posts: 930
Kudos: 267
Comprehensive US Scholarship/Financial Aid Discussion 22 Jan 2008, 14:30
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Guys,

Have you started researching scholarships, grants, fellowships available outside of the school you applied/were accepted to?
I can't seem to find anything...
User avatar
solaris1
User avatar
Joined: 05 Aug 2007
Last visit: 09 Aug 2011
Posts: 1,431
Own Kudos:
223
Given Kudos: 22
Concentration: General Management
Schools:NYU Stern '11
Posts: 1,431
Kudos: 223
Comprehensive US Scholarship/Financial Aid Discussion 22 Jan 2008, 16:12
Kudos
Add Kudos
Bookmarks
Bookmark this Post
nervous, you've checked out the Forte Foundation?

https://www.fortefoundation.org/site/Pag ... mba_paying
User avatar
nervousgmat
User avatar
Current Student
Joined: 06 Feb 2007
Last visit: 08 Dec 2009
Posts: 930
Own Kudos:
267
Products:
My Reviews
Posts: 930
Kudos: 267
Comprehensive US Scholarship/Financial Aid Discussion 24 Jan 2008, 08:28
Kudos
Add Kudos
Bookmarks
Bookmark this Post
solaris1
nervous, you've checked out the Forte Foundation?

https://www.fortefoundation.org/site/Pag ... mba_paying
Show more

Yes, I have but most of the scholarships listed are not up-to-date or I am not eligible for the award...
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Comprehensive US Scholarship/Financial Aid Discussion 24 Jan 2008, 08:31
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Guys, please help me yet again. I guess I was a little confused with the loan programs by the schools. Checking again the Ross financial aid site, I have one particular question:

It states "you may borrow up to the total cost of attendance". Does that include stuff like room&board? and do all schools give out such loans? For quite some time I thought you only get the tuition money in loans...?!
User avatar
solaris1
User avatar
Joined: 05 Aug 2007
Last visit: 09 Aug 2011
Posts: 1,431
Own Kudos:
223
Given Kudos: 22
Concentration: General Management
Schools:NYU Stern '11
Posts: 1,431
Kudos: 223
Comprehensive US Scholarship/Financial Aid Discussion 24 Jan 2008, 09:18
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Yes - total cost of attendance includes estimated room & board expenses, books, laptop etc. as determined by the financial aid office.

branson
Guys, please help me yet again. I guess I was a little confused with the loan programs by the schools. Checking again the Ross financial aid site, I have one particular question:

It states "you may borrow up to the total cost of attendance". Does that include stuff like room&board? and do all schools give out such loans? For quite some time I thought you only get the tuition money in loans...?!
Show more
User avatar
branson
User avatar
Current Student
Joined: 10 Dec 2007
Last visit: 26 Feb 2009
Posts: 327
Own Kudos:
23
Posts: 327
Kudos: 23
Comprehensive US Scholarship/Financial Aid Discussion 24 Jan 2008, 09:44
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Thank you!

Throughout this entire MBA process there are so many assumptions you make and so much wrong information to pick up. GMATclub is just a place to sort these things out and become an informant applicant (and student).

Good to be here.
avatar
MiamiMBA
avatar
Joined: 18 Dec 2007
Last visit: 01 Jul 2009
Posts: 63
Posts: 63
Kudos: 0
Comprehensive US Scholarship/Financial Aid Discussion 01 Feb 2008, 19:29
Kudos
Add Kudos
Bookmarks
Bookmark this Post
For those with admits already, who has moved forward with the loan process? Myself, I'm starting to research the process and am planning to contact Emory's financial aid office for advice and to get answers to a few questions. Just want to see if I'm behind the game...or on par.
User avatar
kryzak
User avatar
Major Poster
Joined: 04 Jun 2007
Last visit: 10 Aug 2013
Posts: 5,452
Own Kudos:
744
Given Kudos: 14
Status:Um... what do you want to know?
Location: SF, CA, USA
Concentration: Technology, Entrepreneurship, Digital Media &amp; Entertainment
Schools:UC Berkeley Haas School of Business MBA 2010
GPA: 3.9 - undergrad 3.6 - grad-EE
WE 1: Social Gaming
Posts: 5,452
Kudos: 744
Comprehensive US Scholarship/Financial Aid Discussion 02 Feb 2008, 01:46
Kudos
Add Kudos
Bookmarks
Bookmark this Post
you're on par with me... I still need to fill out the FAFSA and research what options I have.
   1   2   3   4