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IskraG
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longhorn07
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IskraG
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piggles
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48 hours is probably a good number. You're under a deadline to be interviewed and the alumni have agreed to be interviewers. They need to be as responsive to you as well.
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ariel
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In the initial email, as a courtesy I would also mention the timeline set by the school, so they know off the bat whether they can fit you in their schedule or not. Alums are more or less removed from the admissions process and are not necessarily aware of deadlines as a general rule.