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Paying Cash for Your MBA

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Intern
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Joined: 12 Feb 2017
Posts: 10

Kudos [?]: 0 [0], given: 14

Location: United States
GMAT 1: 690 Q44 V39
GPA: 3
Paying Cash for Your MBA [#permalink]

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New post 13 Aug 2017, 11:12
Hello,

I am one of those crazy Dave Ramsey followers and I plan to pay cash for my MBA. My goal is to save $25k prior to matriculation and attend the 2 year weekend program at Michigan Ross. I haven't found anyone else discussing a debt-free method of attending business school other than scholarships. If anyone is out there who paid for their MBA in cash answer the following:

1) What b-school did you attend?
2) FT or PT?
3) If PT, how long did it take to finish?
4) Cost of the program at time of attendance?
5) What savings vehicle did you use?
6) Was it worth it?

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Joined: 04 Dec 2002
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Location: United States (WA)
GMAT 1: 750 Q49 V42
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Paying Cash for Your MBA [#permalink]

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New post 15 Aug 2017, 00:14
mrskumarmba wrote:
Hello,

I am one of those crazy Dave Ramsey followers and I plan to pay cash for my MBA. My goal is to save $25k prior to matriculation and attend the 2 year weekend program at Michigan Ross. I haven't found anyone else discussing a debt-free method of attending business school other than scholarships. If anyone is out there who paid for their MBA in cash answer the following:

1) What b-school did you attend?
2) FT or PT?
3) If PT, how long did it take to finish?
4) Cost of the program at time of attendance?
5) What savings vehicle did you use?
6) Was it worth it?



Many folks have been fortunate to either get scholarships or well off enough that they were able to attend an MBA program without getting into debt. Until recently, it was quite problematic for international applicants to get a loan actually and it was not until Prodigy Financial that there are even options to borrow... there are some stats in terms of the percentage of people who borrow for business school and supposedly this number has gone up in the last few years, but that is mostly due to the fact i mentioned above - availability of lending vehicles....

As to your question, there are quite a few similarly-minded people. You save money by not spending really, rather than by earning more. I know several who have graduated either debt free or they chose to borrow due to low cost of money while keeping their money available as an emergency fund.

I hope you will be able to connect with some applicants. Good Luck!
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Paying Cash for Your MBA   [#permalink] 15 Aug 2017, 00:14
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