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chvora01
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chvora01,

Good point with Insead's lack of school affiliated loans. This puts off many students off who really need a loan. I wonder why Insead can't get an arrangement with banks.
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chvora01,

Good point with Insead's lack of school affiliated loans. This puts off many students off who really need a loan. I wonder why Insead can't get an arrangement with banks.

Do you know this?

https://www.prodigyfinance.com/web/Insea ... 1=40&l2=10

Bye.
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nycgirl191
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chvora01,

Good point with Insead's lack of school affiliated loans. This puts off many students off who really need a loan. I wonder why Insead can't get an arrangement with banks.

I am actually in the opposite camp. From the US they have arranged to lend through one bank, which is more than I can say for many int'l schools, including LBS. So I'm pretty impressed, and that is the winning argument over the other school I've been accepted into, HKUST. Then there's always the option of putting the house up as collateral :shock:
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nycgirl191,

I heard that admitted students at LBS can get loans from HSBC. What attracts you to HKUST, I know that some Asia based applicants (India, Singapore or HK) would consider this combo, US based less so.
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chvora01
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chvora01, Good point with Insead's lack of school affiliated loans. This puts off many students off who really need a loan. I wonder why Insead can't get an arrangement with banks.

I guess it would be harder to collect from students that end up all over the world than US MBA's that primarily end up in the US.

nycgirl191

I am actually in the opposite camp. From the US they have arranged to lend through one bank, which is more than I can say for many int'l schools, including LBS. So I'm pretty impressed, and that is the winning argument over the other school I've been accepted into, HKUST. Then there's always the option of putting the house up as collateral :shock:

mertvye, nycgirl: you are right there are quite a few options for loans and INSEAD is doing a great job in collecting and presenting all the information and prodigy finance is definitely a step in the right direction ( I don't believe they were advertising Prodigy last year so that would probably help with next year applicants) but overall not having a "for sure" way to finance their studies probably puts off some applicants from applying. can't tell if it is 5, 10 or 2000 but it probably affects the admission rate to some extent. In addition, they can't solicit unqualified applicants as easy just to bump their application numbers as some other schools do.
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Jock4MBA
chvora01, Good point with Insead's lack of school affiliated loans. This puts off many students off who really need a loan. I wonder why Insead can't get an arrangement with banks.

I guess it would be harder to collect from students that end up all over the world than US MBA's that primarily end up in the US.

nycgirl191

I am actually in the opposite camp. From the US they have arranged to lend through one bank, which is more than I can say for many int'l schools, including LBS. So I'm pretty impressed, and that is the winning argument over the other school I've been accepted into, HKUST. Then there's always the option of putting the house up as collateral :shock:

mertvye, nycgirl: you are right there are quite a few options for loans and INSEAD is doing a great job in collecting and presenting all the information and prodigy finance is definitely a step in the right direction ( I don't believe they were advertising Prodigy last year so that would probably help with next year applicants) but overall not having a "for sure" way to finance their studies probably puts off some applicants from applying. can't tell if it is 5, 10 or 2000 but it probably affects the admission rate to some extent. In addition, they can't solicit unqualified applicants as easy just to bump their application numbers as some other schools do.

You are right. I have an admit from LBS and did not apply to INSEAD for exactly this reason - lack of school associated financial aid.
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I got admitted to both Insead and LBS and chose LBS. Financing was definitely one of the reasons. even though insead is a one yr program, it is still quite expensive and should find ways to make the funding cheaper for internationals (as majority are international students). As far as I remember the prodigy finance mentioned on this thread has very high rates of interest that too variable and on top of that they first need to find someone who is ready to lend.........it seemed quite complicated and put me off .....
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Just got the interview invite! Very Happy! 28/M/720/Scandi
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R2 applicant to Singapore 27/M/730/Greek in UK/3 years in Animal Genetics

refreshing my e-mail quite regularly
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Do you know this?

https://www.prodigyfinance.com/web/Insea ... 1=40&l2=10

Bye.[/quote]

mertvye.

I have heard of the scheme and it helps, but students may only borrow at a fraction of needed loan and the Prodigy rates are higher (1.3%) than bank loans arranged at other schools. The argument that banks are put off by international students as they leave after MBA does not work. A number of schools with international students still manage to arrange student loans with banks. Most students leave for abroad and still pay loans back. Insead can and need to do better in this respect.
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nycgirl191
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nycgirl191,

I heard that admitted students at LBS can get loans from HSBC. What attracts you to HKUST, I know that some Asia based applicants (India, Singapore or HK) would consider this combo, US based less so.

Hi,

I actually would like to live and work in AP after graduation, preferably in HK. I've watched the B-school market for quite a few years now, hoping for a AP school to rise in rankings to earn sufficient 'street cred' (with my eye on HKUST especially because I do not want to go to school in mainland China). Finally this year with HKUST breaking into the FT top 10, I decided to pull the trigger and apply.

I actually only applied to INSEAD because of the S'pore campus, although what I've heard of that campus leaves much to be desired. I am hoping to spend the latter of the school year there to recruit (if admitted). To my knowledge, and disappointment, aside from CEIBS there are no other really stellar AP b-schools.
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chvora01
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Quote:


mertvye.

I have heard of the scheme and it helps, but students may only borrow at a fraction of needed loan and the Prodigy rates are higher (1.3%) than bank loans arranged at other schools. The argument that banks are put off by international students as they leave after MBA does not work. A number of schools with international students still manage to arrange student loans with banks. Most students leave for abroad and still pay loans back. Insead can and need to do better in this respect.

I just applied for a partial loan with Prodigy will update on how that goes but you are correct in general their rates are quite high (8%). Will try to see HSBC international loans I heard they offer loans but not sure if that's still the case.
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nycgirl191,

Thanks for sharing your reasons with me. You go out of your comfort zone with relocating to a Bschool abroad. Some NYC based applicants have CBS/NYU or bust mentality as they can't imagine to leave the centre of the universe called NYC.
I apply for Fonty (visit) and would like to do a stint at Singapore campus, hope do get a job at AP. I was on a job exchange in AP and found the region rather fascinating.

chvora01,

Good luck I don't know your situation, but try to get loans at a lower rate elsewhere. Shop around before using Prodigy. I think HSBC offers the career loan in certain countries. Would think that terms are better than Prodigy. The most expensive loan I heard of was a loan to internationals without co-signor at an unnamed Bschool, 9% + 2% arrangement fee. Ouch
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Any other invites sent out today? Just 2 days left and number of invites which i can see in this round are much lesser than R1 figures.
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I see that Prodigy is not the best solution but at least it's an option. It's offered by INSEAD alumni, maybe here we have an opportunity for starting a new business after the MBA?.

Just for curiosity, what is the interest rate of HSBC for LBS?

As it concerns me, getting a loan in Spain would be similarly at 8% rate or even higher as credits and loans are getting more expensive in the Euro zone. In addition, it would be much more difficult to get it approved.

@MbaAspirant2011 as you can see it seems there was only one or two interview invites sent this week AND reported here.

I guess we'll have to wait until tomorrow to see the main bulk of invites/dings. Today I will check my email at a double rate than yesterday, but tomorrow I will check it at 4x and on Friday on 8x ;)

Good luck to everybody.
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any new invites today onwards ?
seeing few invites this week.
anyone from asia getting the invite ? (just 2 days left)
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mertvye
Today I will check my email at a double rate than yesterday, but tomorrow I will check it at 4x and on Friday on 8x ;)

if only there were a "like" button on GMAT club, i'll still give you kudos for this
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