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17 Feb 2019, 11:18
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Hello everyone,
I am a little bit confused about how to finance and go forward with my current situation.
I got admitted to HBS and I have a company sponsorship (it covers the full tuition fee and contributes a little bit to my living expenses). According to HBS, I must apply to financial aid even though I am not eligible (due to my sponsorship). And then, HBS will tell me how much I can borrow (I guess also from where).
From this, what I understand is the following: HBS will determine how much I can borrow based on their cost estimates. Anything additional - I won't be able to borrow.
Here is the problem. I have some family obligations (costs that do not occur in my financial statements). And they are pretty significant. So I will have to go above the amount HBS can give me. My question now is:
1. Can I increase this amount (anybody knows anything about this)?
2. Will I have to get a second loan from another institution afterward? If yes, is Progidy an independent group or they are linked to the school (meaning, will Progidy tell me "you are overborrowing so we can't lend you money")
Ideally, I would like to get the whole loan from one institution to make things easier but I guess what HBS will offer me will be more attractive than Progidy for example? I really would appreciate your knowledge in this.
Thank you so much.
Posted from my mobile device
I am a little bit confused about how to finance and go forward with my current situation.
I got admitted to HBS and I have a company sponsorship (it covers the full tuition fee and contributes a little bit to my living expenses). According to HBS, I must apply to financial aid even though I am not eligible (due to my sponsorship). And then, HBS will tell me how much I can borrow (I guess also from where).
From this, what I understand is the following: HBS will determine how much I can borrow based on their cost estimates. Anything additional - I won't be able to borrow.
Here is the problem. I have some family obligations (costs that do not occur in my financial statements). And they are pretty significant. So I will have to go above the amount HBS can give me. My question now is:
1. Can I increase this amount (anybody knows anything about this)?
2. Will I have to get a second loan from another institution afterward? If yes, is Progidy an independent group or they are linked to the school (meaning, will Progidy tell me "you are overborrowing so we can't lend you money")
Ideally, I would like to get the whole loan from one institution to make things easier but I guess what HBS will offer me will be more attractive than Progidy for example? I really would appreciate your knowledge in this.
Thank you so much.
Posted from my mobile device
