GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 20 Jul 2018, 19:19

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.

Close

Request Expert Reply

Confirm Cancel

Income and Fin Aid

  new topic post reply Update application status  
Author Message
Manager
Manager
avatar
B
Joined: 30 Oct 2016
Posts: 68
Location: United States
Schools: HBS '20, Kellogg '20
Income and Fin Aid  [#permalink]

Show Tags

New post 09 Apr 2017, 11:40
1
Just curious which year of income do schools look at when determining fin aid? If I am entering the MBA starting Sept 2018 -will they be looking at my 2017 or 2016 incomes?
Any tips on managing my income to maximize fin aid eg. taking a vacation the year before, don't save anything for retirement/401k/rrsp.....etc.
Intern
Intern
avatar
Joined: 14 Apr 2017
Posts: 10
Re: Income and Fin Aid  [#permalink]

Show Tags

New post 24 Apr 2017, 22:20
arcticTO wrote:
Just curious which year of income do schools look at when determining fin aid? If I am entering the MBA starting Sept 2018 -will they be looking at my 2017 or 2016 incomes?
Any tips on managing my income to maximize fin aid eg. taking a vacation the year before, don't save anything for retirement/401k/rrsp.....etc.

I think they will be needing your bank statement.
Manager
Manager
avatar
B
Joined: 30 Oct 2016
Posts: 68
Location: United States
Schools: HBS '20, Kellogg '20
Re: Income and Fin Aid  [#permalink]

Show Tags

New post 26 Sep 2017, 12:35
sabashahid wrote:
arcticTO wrote:
Just curious which year of income do schools look at when determining fin aid? If I am entering the MBA starting Sept 2018 -will they be looking at my 2017 or 2016 incomes?
Any tips on managing my income to maximize fin aid eg. taking a vacation the year before, don't save anything for retirement/401k/rrsp.....etc.

I think they will be needing your bank statement.


What about investments like stocks etc??
Expert Post
Founder
Founder
User avatar
V
Joined: 04 Dec 2002
Posts: 17079
Location: United States (WA)
GMAT 1: 750 Q49 V42
GMAT ToolKit User CAT Tests
Income and Fin Aid  [#permalink]

Show Tags

New post 28 Sep 2017, 09:35
You mean a situation when you have $2 Billion sitting in an investment account but $0 income from a job and thus you are poor? :-)
They will be looking at your net worth as well as income. Consider reviewing FinAid section of the schools you will be applying to.


Quote:
Any HBS Fellowship award will be based on an analysis of your income for the prior three years and your assets. If you are married, we will also consider your spouse's income and assets, and your higher cost of living will be a factor.

_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... or use our Daily Study Plan


Co-author of the GMAT Club tests

Income and Fin Aid &nbs [#permalink] 28 Sep 2017, 09:35
Display posts from previous: Sort by

Income and Fin Aid

  new topic post reply Update application status  


GMAT Club MBA Forum Home| About| Terms and Conditions and Privacy Policy| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.