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Financing Your MBA

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brandon432
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Re: Financing Your MBA [#permalink] New post   22 Feb 2016, 09:58
Chase18 wrote:
caw wrote:

Most scholarships are strictly merit-based, !


This really varies by school. Booth is 100% merit. Stern (if I remember) is 100% need. Other schools are a mix.

That said, I'm not sure that outstanding debt would necessarily factor into the need calculation (though I may be wrong).
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Chase18
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Re: Financing Your MBA [#permalink] New post   22 Feb 2016, 15:48
brandon432 wrote:
Chase18 wrote:
caw wrote:

Most scholarships are strictly merit-based, !


This really varies by school. Booth is 100% merit. Stern (if I remember) is 100% need. Other schools are a mix.

That said, I'm not sure that outstanding debt would necessarily factor into the need calculation (though I may be wrong).


Most of Stern's scholarships are merit-based and not 100% need: https://www.stern.nyu.edu/programs-admis ... holarships

This has been the case with each top-tier school I have researched. Not that they don't have any need-based scholarships, but that most are merit-based. I have not researched in-depth every MBA program, and do not claim to be an expert, but this is my understanding and is consistent with my experience.
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MBAdad
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Re: Financing Your MBA [#permalink] New post   02 Mar 2016, 23:41
Hi Folks,

I'm looking to borrow beyond the cost of attendance, as I'll have three dependents. Many schools will add qualified day care into the COA for children under a certain age, but they're elementary age so my concerns are housing and food. Does anyone have experience asking their school to approve a private loan for this sort of thing?

Thank you for any insights!
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119maple
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Re: Financing Your MBA [#permalink] New post   09 Mar 2016, 21:54
Stanford and HBS only offer need-based schollys. Tuck offers a combo of need and merit based schollys
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nurik
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Re: Financing Your MBA [#permalink] New post   23 Mar 2016, 10:49
Does anyone know how Prodigy Finance makes loan decisions? For Booth, they may lend up to 80% of the total cost of attendance, but I've heard of stories where they provided financing only for 50% or 75% of the total cost - less than the maximum amount stated in their web-site.
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AliG
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Re: Financing Your MBA [#permalink] New post   23 Mar 2016, 21:01
nurik wrote:
Does anyone know how Prodigy Finance makes loan decisions? For Booth, they may lend up to 80% of the total cost of attendance, but I've heard of stories where they provided financing only for 50% or 75% of the total cost - less than the maximum amount stated in their web-site.


Congrat with Booth matriculation! Did you get financing from Prodigy???
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nurik
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Re: Financing Your MBA [#permalink] New post   25 Mar 2016, 03:49
AliG wrote:
nurik wrote:
Does anyone know how Prodigy Finance makes loan decisions? For Booth, they may lend up to 80% of the total cost of attendance, but I've heard of stories where they provided financing only for 50% or 75% of the total cost - less than the maximum amount stated in their web-site.


Congrat with Booth matriculation! Did you get financing from Prodigy???

Thanks! No, haven't applied yet. Still researching for the options I have.
But funding seems to be a challenge for students from the emerging markets.
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bombaypundit
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Re: Financing Your MBA [#permalink] New post   26 Apr 2016, 10:39
Hi,

Does anybody know if Prodigy Finance is in operation or has the company shut down?

I emailed them 4 days ago, raised a support ticket and messaged them on their Skype account, but nobody has responded.
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Re: Financing Your MBA [#permalink] New post   26 Apr 2016, 10:44
bombaypundit wrote:
Hi,

Does anybody know if Prodigy Finance is in operation or has the company shut down?

I emailed them 4 days ago, raised a support ticket and messaged them on their Skype account, but nobody has responded.


No, they are very much still in existence. Why would they shut down their work? This is a busy time of the year for them as R1/R2 admits are looking to get financed. Wait for some more time or try to give them a call.
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sa2015
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Re: Financing Your MBA [#permalink] New post   30 Jun 2016, 11:09
Has anyone taken loan from Mpower financing. They do not require cosigner or collateral for international students enrolled in US colleges
https://www.mpowerfinancing.com/
I have to decide between Prodigy and Mpower, so trying to identify anyone who has already secured a loan with them to get a review of their loan product.
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MBAPrepLatam
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Re: Financing Your MBA [#permalink] New post   30 Jun 2016, 12:40
Good idea to always have this in mind...
I finished mine and now I'm starting to handle the finances of spending two years without any relevant income :(

But at the end, everything works out! :)
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Stn
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Financing Your MBA [#permalink] New post   29 Jul 2016, 05:35
Hi everyone,

I want to make a strategy for financing my MBA (didn't apply yet).
Are schools, particularly M7, that offer scholarship if employer pays tuition 100%? I'm asking because I want to know how much to push for my employer to pay for tuition (it comes with strings attached)
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anirbank91
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Re: Financing Your MBA [#permalink] New post   16 Sep 2016, 15:54
Can someone tel me whether I will get to know about the financing during admission or after admission? Since funds have to be acquired.
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7865
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Re: Financing Your MBA [#permalink] New post   03 Oct 2016, 03:34
You are talking about mba finance r8ight
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FunkFreed
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Re: Financing Your MBA [#permalink] New post   17 Dec 2016, 13:03
anirbank91 wrote:
Can someone tel me whether I will get to know about the financing during admission or after admission? Since funds have to be acquired.


In my admission letter it mentioned financing and gave the "base" I could borrow against.
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vansy
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Re: Financing Your MBA [#permalink] New post   27 Dec 2016, 18:21
thanks for this update mate ! i would apply also for the loans
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Phrase88
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Re: Financing Your MBA [#permalink] New post   17 Jan 2017, 18:36
1
Bookmarks
Thanks for the informational thread!
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Sunil Medapati
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Re: Financing Your MBA [#permalink] New post   20 Mar 2017, 03:15
If you're already wealthy enough not to have to worry about financing your MBA program then you could ask yourself if business school.. :roll:
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arcticTO
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Re: Financing Your MBA [#permalink] New post   15 Apr 2017, 13:03
Which years of income do the MBA programs look at? 1 year before MBA? thanks
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Re: Financing Your MBA [#permalink] New post   30 Jun 2017, 14:05
Thank you!! Very informative!
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Re: Financing Your MBA [#permalink]
30 Jun 2017, 14:05
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