Poor and Clueless

Lately, I've been doing some quick calculations, and I realized that I might never get to Insead or Chicago (my top 2 choices) or any other universities in the States for that matter because of the #1 problem that plagues everyone: Money.

I thought about taking a loan, but that wouldn't work out in the long term. Next year, I have to come up with money for my wedding, then a house, and there's a car which I am paying off by installments. The next thing to come up with would be expenses for the kids and their education, all of which leaves me with the tightest of budgets.

Okay, I might ace a scholarship, but that still doesn't solve my problem. A US$10K per year scholarship would still rquire me to take out a loan of some sort. This is excluding the requirement for me to quit my currnet job, which pays me a paltry sum each month, but at least still something that can help pay off the bills.

So all these problems leaves me looking at MBA or MFE courses at two local universities - National University of Singpoare, and Nanyang Techonological University. Both offer MBA/MFE courses that costs about S$25K for a MBA and S$20K for a MFE. However, I'm quite skeptical about how they stand up to degrees from the States. For starters, both require only a GMAT score fo 620 (duh.... that ain't even enough to get you into a near-frontier elite business school). Secondly, both do not need an interview (well, speaks so much for competition). It doesn't really make much sense to invest S$20K and have no means of recouping that sum (via employment)

So I'm now pretty much clueless what I'm going to do now.