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26 Dec 2010, 20:07
Kudos
Bookmarks
How much financial aid (grants, etc) do top B-Schools give?
I am asking because retirement assets are not considered as assets in the financial aid applications.
So what someone could do is sock away most (if not all) of their discretionary income into their 401K. Theoretically then, they would not have many assets to report on the financial aid application, and can qualify for more need-based grants.
I am asking because retirement assets are not considered as assets in the financial aid applications.
So what someone could do is sock away most (if not all) of their discretionary income into their 401K. Theoretically then, they would not have many assets to report on the financial aid application, and can qualify for more need-based grants.
27 Dec 2010, 22:32
Kudos
Bookmarks
There's not much in terms of need based grants. You can qualify for merit based grants, and stafford loans, but that's about it. Also, 401k only allows for 15,500 per year in contributions (roth would be 15,500 after tax). It would be hard to beat the system this way.
13 Jan 2011, 03:49
Kudos
Bookmarks
what is the scenario for international students?? if there is no need based Aid then a top university might be outta reach even with high score and great profile. 
there is not point in trying...might as well give up and start thinking of cheaper courses... 
there is not point in trying...might as well give up and start thinking of cheaper courses... 
