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What’s in it for you- Live Profile Evaluation Chat Session with Jenifer Turtschnow, CEO ARINGO. Come with your details prepared and ARINGO will share insights! Pre-MBA Role/Industry, YOE, Exam Score, C/GPA, ECs Post-MBA Role/ Industry & School List.
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19 Aug 2013, 08:42
Kudos
Bookmarks
Akkumon,
I just want to thank you for all this information you have provided about Luxembourg's MBA program.
However, I would like to ask you a question regarding financial aid for your program. How did you fund it?
As an American, I would like to take out Stafford or Sallie Mae loans but I am unsure if I could use those loans for Sacred University.
In addition, is there an average GPA that is accepted for this program? I plan on applying for the 2015 class because I am building my work experience up.
Thanks for answering.
I just want to thank you for all this information you have provided about Luxembourg's MBA program.
However, I would like to ask you a question regarding financial aid for your program. How did you fund it?
As an American, I would like to take out Stafford or Sallie Mae loans but I am unsure if I could use those loans for Sacred University.
In addition, is there an average GPA that is accepted for this program? I plan on applying for the 2015 class because I am building my work experience up.
Thanks for answering.
19 Aug 2013, 14:23
Kudos
Bookmarks
Hi Reiman,
I hope you read all the details in the forum. First thing regarding the fees. The mba program is ranked as one of the best in ROI . Your investment is just around 29000 Euros and during your studies, you will do a 9months-1 year internship. So your investment is very very low compared to other schools. I applied for a loan in my country for mba. I had to keep a collateral ( meaning pledging an asset for securing loan) and the bank gave me loan for this amount. Now the bank allocated the loan for a period of your mba. So the bank had to pay the school the total money in 2 installments. One half when I joined for the program and the second half after 1 year of mba. Bank directly transferred the fee amount to the mba school in 2 installments based on the timing i just mentioned. When the student loan is very high, it becomes difficult for a bank to sanction the loan.
Stafford or Sallie Mae loan, i don't have much idea, but I will read/enquire about it and see if I can help you.
You should take a student loan, it will be better. The advantages are - you will get less interest rates, more time to pay back the investment, smaller collateral. I went to the bank and asked their interest rates, their requirements for funding me and stuff. They asked me details of the school, the quality of the mba program and if it was accredited. Then my bank asked me for collateral (this depends on country to country- some countries ask for a guaranter - ie; if you don't pay the loan who else is capable enough to pay your loan). I kept the collateral and bank internally looked for my credit rating, and then issued the loan.
There is no average GPA, but if you feel that your GPA is too low, u need to compensate it with other elements. You should showcase your difference among other students. What makes you special, what are the qualities you have, your GMAT. Since Finance is what you want to get into, Luxembourg is the perfect place! I don't have any idea about your profile, so wuldn't be able to comment on it.
Personally, no one element that determines your success. Yes, GPA might have been low, but don't get worried. If you see a good %tage of successful people were not the best of students: their determination, the abillity to find what is good for them and their contacts/friends have made them wat they are...so best of luck and don't worry! Mass recruitment schools generally have average GPA, so that a lot of applicants will not apply. It doesn't mean that all the students below that are bad, it just means that the school lost the oppurtunity to find good talent.
If you want to talk to me, we can arrange a skype session. Also why you want to come into finance and why mba, have a clear idea on all these things.
Cheers.
I hope you read all the details in the forum. First thing regarding the fees. The mba program is ranked as one of the best in ROI . Your investment is just around 29000 Euros and during your studies, you will do a 9months-1 year internship. So your investment is very very low compared to other schools. I applied for a loan in my country for mba. I had to keep a collateral ( meaning pledging an asset for securing loan) and the bank gave me loan for this amount. Now the bank allocated the loan for a period of your mba. So the bank had to pay the school the total money in 2 installments. One half when I joined for the program and the second half after 1 year of mba. Bank directly transferred the fee amount to the mba school in 2 installments based on the timing i just mentioned. When the student loan is very high, it becomes difficult for a bank to sanction the loan.
Stafford or Sallie Mae loan, i don't have much idea, but I will read/enquire about it and see if I can help you.
You should take a student loan, it will be better. The advantages are - you will get less interest rates, more time to pay back the investment, smaller collateral. I went to the bank and asked their interest rates, their requirements for funding me and stuff. They asked me details of the school, the quality of the mba program and if it was accredited. Then my bank asked me for collateral (this depends on country to country- some countries ask for a guaranter - ie; if you don't pay the loan who else is capable enough to pay your loan). I kept the collateral and bank internally looked for my credit rating, and then issued the loan.
There is no average GPA, but if you feel that your GPA is too low, u need to compensate it with other elements. You should showcase your difference among other students. What makes you special, what are the qualities you have, your GMAT. Since Finance is what you want to get into, Luxembourg is the perfect place! I don't have any idea about your profile, so wuldn't be able to comment on it.
Personally, no one element that determines your success. Yes, GPA might have been low, but don't get worried. If you see a good %tage of successful people were not the best of students: their determination, the abillity to find what is good for them and their contacts/friends have made them wat they are...so best of luck and don't worry! Mass recruitment schools generally have average GPA, so that a lot of applicants will not apply. It doesn't mean that all the students below that are bad, it just means that the school lost the oppurtunity to find good talent.
If you want to talk to me, we can arrange a skype session. Also why you want to come into finance and why mba, have a clear idea on all these things.
Cheers.
Reiman12
