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Financing Your MBA - Share Your Loan Interest Rates Here

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Financing Your MBA - Share Your Loan Interest Rates Here  [#permalink]

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New post 21 Dec 2019, 16:42
Student Loans - Share Your Interest Rates

We have Prodigy Finance, MPOWER, Sallie Mae, Laurel Road, etc but they all offer different rates for different schools, different maximums, etc. Let's figure out the best one!

Are you getting a loan to finance your MBA?
If so, share the interest rate (and if you feel comfortable,%/amount you are able to finance)
Please share school, your country of origin/region, loan provider, and rate.


If you need ideas and want to check your eligibility, ability to borrow, etc, try our Student Loan Marketplace - you usually can get the answer online and pretty quickly but you may have to create a profile.

Transparency Disclosure: (if you sign up for a loan through one of our links, GMAT club will receive a small reward to support this forum. Consider supporting us this way or not :thumbup: )
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Re: Financing Your MBA - Share Your Loan Interest Rates Here  [#permalink]

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New post 28 Dec 2019, 05:09
bb wrote:
Student Loans - Share Your Interest Rates

We have Prodigy Finance, MPOWER, Sallie Mae, Laurel Road, etc but they all offer different rates for different schools, different maximums, etc. Let's figure out the best one!

Are you getting a loan to finance your MBA?
If so, share the interest rate (and if you feel comfortable,%/amount you are able to finance)
Please share school, your country of origin/region, loan provider, and rate.


If you need ideas and want to check your eligibility, ability to borrow, etc, try our Student Loan Marketplace - you usually can get the answer online and pretty quickly but you may have to create a profile.

Transparency Disclosure: (if you sign up for a loan through one of our links, GMAT club will receive a small reward to support this forum. Consider supporting us this way or not :thumbup: )


Umm I think this topic needs a little attention

For India, SBI (State bank of India) grants a full tuition loan at the interest rate of 10% per year, that is starting from when you apply, the repayment term starts about 6 months to one year after completing the course, I would however, proceed with caution as the loan is fixed, and like all other loans the interest will keep building during your time in the B-school

So the more loan you take the more interest it will build. If Only I was sure of the Job opportunities post MBA
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Re: Financing Your MBA - Share Your Loan Interest Rates Here  [#permalink]

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New post 28 Dec 2019, 07:02
Currently I have secured around 112k US$ via my parents increasing the mortgage on their house.

Seeing the rates on students loans being around 5-6% higher than what my parents pay on their mortgage I am happy to not have to pay the full loan amount via an actual loan.

At the moment I am hunting for any kind of scholarship to lighten the overall burden.
Will keep you guys posted.
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Re: Financing Your MBA - Share Your Loan Interest Rates Here  [#permalink]

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New post 28 Dec 2019, 07:15
Arro44 wrote:
Currently I have secured around 112k US$ via my parents increasing the mortgage on their house.

Seeing the rates on students loans being around 5-6% higher than what my parents pay on their mortgage I am happy to not have to pay the full loan amount via an actual loan.

At the moment I am hunting for any kind of scholarship to lighten the overall burden.
Will keep you guys posted.

For which school are u putting your house up?
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Financing Your MBA - Share Your Loan Interest Rates Here  [#permalink]

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New post 28 Dec 2019, 07:51
Arro44 is doing MIT if I remember correctly. I have yet to look into loans, but will let you know if/when I get loans.

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New post 28 Dec 2019, 08:01
xprometheusx wrote:
Arro44 is doing MIT if I remember correctly. I have yet to look into loans, but will let you know if/when I get loans.

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Oh, well then totally worth it.
But You're going to Wharton?

I hope you'll get the best out of the program.
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Re: Financing Your MBA - Share Your Loan Interest Rates Here   [#permalink] 28 Dec 2019, 08:01
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