boredain wrote:
Does McCombs require offical gmat score to be sent in order to process the application?
I think so and that’s what the application website says. It is a good idea to send ur score to McCombs
ruslanismayil wrote:
We usually forget to discuss international loans for MBA. Those who will take an international student loan, is the
Prodigy Finance (PF) only option? PF gives it with 14% rate and it means the costs of Mccombs is around 250 000 if you are going to take a loan for the tuition fee only. How does an average international Mccombs grad handle this loan in post-MBA? Any discussion is appreciated!
The overall cost of attendance is around 83k. For two years, it should be around 166k. Obviously there is some processing fee, but i don’t think it will be an additional 90k
Few other options are - whether you can work with banks in ur country - this will get attractive if the home currency delreciates in the repayment period. Second, try to get floating rates - we are almost close the peak of the interest rate cycle. When the money printing starts again, floating rates should come down drastically
Whatever I say involves a lot of speculation - you can use it as a guideline to think and evaluate ur best option with some professional counselor
ruslanismayil wrote:
We usually forget to discuss international loans for MBA. Those who will take an international student loan, is the
Prodigy Finance (PF) only option? PF gives it with 14% rate and it means the costs of Mccombs is around 250 000 if you are going to take a loan for the tuition fee only. How does an average international Mccombs grad handle this loan in post-MBA? Any discussion is appreciated!
I am not sure whether you are from India, but if you are an Indian, few nbfc do give loans without collateral. I did come across those adds on Google. You can check whether those options can be evaluated
Last, you can go through the employment report and evaluate if your dream job will enable you to pay back ur loan.
For the other folks - if the money printing starts in the US, is it possible for a working alien to refinance the
prodigy loan at a cheaper rate if available.
Prodigy does not change foreclosure charges - the interest burden will come down substantially if you can refinance ur loan at a cheaper rate.
Guys ! One cautionary note. The things I’ve said are speculate and in certain situations can increase the interest rate burden. Take these comments with a pinch of salt and approach a financial planner for professional advice
Venkat000095 wrote:
Guys ! One cautionary note. The things I’ve said are speculate and in certain situations can increase the interest rate burden. Take these comments with a pinch of salt and approach a financial planner for professional advice
*speculative