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mediatech6
Joined: 13 Nov 2013
Last visit: 27 Jan 2014
Posts: 6
Concentration: General Management, Strategy
Schools: HBS '16 (D) Wharton '16 (D) CBS '16 (D) Sloan '16 (M) Kellogg '16 (A) Tuck '16 (A) Darden '16 (WL)
GMAT 1: 750 Q49 V42
Schools: HBS '16 (D) Wharton '16 (D) CBS '16 (D) Sloan '16 (M) Kellogg '16 (A) Tuck '16 (A) Darden '16 (WL)
GMAT 1: 750 Q49 V42
Posts: 6
Kudos:
0
22 Dec 2013, 00:41
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Is there any situation in which it's worth it to actually take out loans to pay for an MBA if you don't need to? The one situation in which it looked like it would be worth it is if you have a US government subsidized loan where the government pays interest until you graduate, but that seems to require financial need which someone who can pay for their MBA in cash would not be able to demonstrate.
Has anyone here taken out loans even when they have enough money saved to pay for school? If so, why?
Has anyone here taken out loans even when they have enough money saved to pay for school? If so, why?
22 Dec 2013, 21:34
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It's a simple question of the 'cost' of that money today and tomorrow.
If you have the cash on hand, do you think you can generate a higher-return with that cash than what it would cost you to borrow? Remember that there is a small interest tax deduction on back-end when you are paying it back. Are you relatively risk-averse and prefer having cash on hand?
Treat this no differently than you would any other asset/investment (car loan, etc.)
If you have the cash on hand, do you think you can generate a higher-return with that cash than what it would cost you to borrow? Remember that there is a small interest tax deduction on back-end when you are paying it back. Are you relatively risk-averse and prefer having cash on hand?
Treat this no differently than you would any other asset/investment (car loan, etc.)
06 Mar 2014, 19:25
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I had the same question. I ran into a few articles on TopMBA that helped me a lot. Its too much to try to explain on here but basically you have the option of scholarships, loans and financial aid.
