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Apr 2511:00 AM EDT
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Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
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05 Jul 2015, 10:55
Kudos
Bookmarks
Cost of Attending a B-School in US has skyrocketed and financing a MBA Degree especially for international students with limited resources and loan opportunities is a very difficult task.
Can anyone tell me which B-Schools generously offer Tuition Fee waivers (Full or a significant percentage) to international students and what kind of profile get these waivers.
Like, I know a guy (GMAT 750, WE:30 Months) got 60% Tuition Fee waiver at Simon, University of Rochester and another one got a 100% Tuition Fee Waiver at Kenan-Flager, University of North Carolina.
Does US B-Schools still offer non-cosigner loans to international students. If yes, which schools offer this type of loan.
Can anyone tell me which B-Schools generously offer Tuition Fee waivers (Full or a significant percentage) to international students and what kind of profile get these waivers.
Like, I know a guy (GMAT 750, WE:30 Months) got 60% Tuition Fee waiver at Simon, University of Rochester and another one got a 100% Tuition Fee Waiver at Kenan-Flager, University of North Carolina.
Does US B-Schools still offer non-cosigner loans to international students. If yes, which schools offer this type of loan.
09 Jul 2015, 12:48
Kudos
Bookmarks
I applied to IE Business School and start on September, you can find all the info on scholarships here: https://www.ie.edu/business-school/degre ... s-funding/
Regardless of that, if we are talking about top B-Schools, there are other options.
* Company Sponsorship: Even if the company you work for doesn't sponsors MBAs officially you can get them to do it. You need to think of it as any business deal. What you offer, what they are getting from it and why you. If you can put down a good offer/deal they'll consider it.
* Government Scholarships: Check with your government, there's usually an amount of scholarships offered for postgraduate programs. As an extra check foreign programs to attract talent to their own countries. A good source for this is the Embassy website for the country you want to go to if it's other than your own.
* Loans: This one is a tough one. There aren't many options out there but there is Prodigy Finance, I took a loan from them.
Prodigy Finance is a loan provider that specifically funds students who are travelling abroad for their MBAs, and they don't require a co-signer. They have loan programmes with quite a few top business schools in Europe, the UK and the US, so depending on what business school you're going to, they may be able to help you out.
You can check out the full list of schools they offer loans for on their website: https://bit.ly/prodigyloan
If that looks interesting, they're hosting a series of info sessions - open forums to ask questions to the staff there. Here are the links:
North America Schools: https://attendee.gotowebinar.com/rt/2027692223752743937
Global Schools: https://attendee.gotowebinar.com/rt/2614045282167515906
Also do not take my word for granted; Google them, search on Quora and check out on other forums. It really is a great choice and they have an excellent service. If you get a loan they will explain in detail how and what you actually pay. If you have any questions you can contact them and they answer very fast. I'm very happy with them specially because this was my only option left to do a top MBA program.
I hope you get to fund your MBA, good luck!
Regardless of that, if we are talking about top B-Schools, there are other options.
* Company Sponsorship: Even if the company you work for doesn't sponsors MBAs officially you can get them to do it. You need to think of it as any business deal. What you offer, what they are getting from it and why you. If you can put down a good offer/deal they'll consider it.
* Government Scholarships: Check with your government, there's usually an amount of scholarships offered for postgraduate programs. As an extra check foreign programs to attract talent to their own countries. A good source for this is the Embassy website for the country you want to go to if it's other than your own.
* Loans: This one is a tough one. There aren't many options out there but there is Prodigy Finance, I took a loan from them.
Prodigy Finance is a loan provider that specifically funds students who are travelling abroad for their MBAs, and they don't require a co-signer. They have loan programmes with quite a few top business schools in Europe, the UK and the US, so depending on what business school you're going to, they may be able to help you out.
You can check out the full list of schools they offer loans for on their website: https://bit.ly/prodigyloan
If that looks interesting, they're hosting a series of info sessions - open forums to ask questions to the staff there. Here are the links:
North America Schools: https://attendee.gotowebinar.com/rt/2027692223752743937
Global Schools: https://attendee.gotowebinar.com/rt/2614045282167515906
Also do not take my word for granted; Google them, search on Quora and check out on other forums. It really is a great choice and they have an excellent service. If you get a loan they will explain in detail how and what you actually pay. If you have any questions you can contact them and they answer very fast. I'm very happy with them specially because this was my only option left to do a top MBA program.
I hope you get to fund your MBA, good luck!
07 Aug 2015, 12:48
Kudos
Bookmarks
Hi Siddharth,
In terms of financial aid and scholarships, US universities continue to be generous. These funding opportunities fall under various categories.
Merit based scholarships: Most B schools offer merit based scholarships. These scholarships can be in the form of monetary awards or tuition waivers. These scholarships, if given alongwith the admission offer, are given to the 5-20% of the admitted students. So, if an applicant is willing to compromise on the quality and ranking of the college, then he stands higher chances of winning these scholarships and tuition waivers. Some B Schools such as Purdue, Kelley, Maryland Smith, Georgetown, etc. have been quite liberal in giving tuition waivers in the past, whereas some others such as Ross, UT Austin, USC, etc. have been less so.
Loans: Quite a few US B schools offer loan programs to International students. These loans are given usually for 100% of the cost of the MBA program and, cover both the tuition and living expenses. These loans are offered at much lower rates of interests as compared to the Indian banks. Some B schools such as Kelley, Columbia Business School, Michigan State – Broad, etc. offer loans to International students and require a credit worthy US citizen or permanent resident as a cosigner. Also, a few B schools such as Yale, Wharton, Darden, Duke, Cornell, UNC Chapel Hill, etc. offer loans to International students and do not require any cosigner.
Anyway, an MBA is an investment. An MBA today will help you reach greater heights tomorrow. If you have made up your mind to an MBA and if you are willing to work on your profile and application, then you will find that there are enough ways to fund your MBA. And, in the worst case scenario, you can take loans from Indian banks, where the rates of interest vary from 12% to 15% and a maximum of INR 25-30 lakhs is available as loan to cover 80-90% of the expenses upon presenting 100-150% collateral.
For detailed information about various funding options, you can check this video out: https://www.youtube.com/watch?v=vHMEOC58Yeo
Hope this helps.
All the best.
Best regards,
Aryama
In terms of financial aid and scholarships, US universities continue to be generous. These funding opportunities fall under various categories.
Merit based scholarships: Most B schools offer merit based scholarships. These scholarships can be in the form of monetary awards or tuition waivers. These scholarships, if given alongwith the admission offer, are given to the 5-20% of the admitted students. So, if an applicant is willing to compromise on the quality and ranking of the college, then he stands higher chances of winning these scholarships and tuition waivers. Some B Schools such as Purdue, Kelley, Maryland Smith, Georgetown, etc. have been quite liberal in giving tuition waivers in the past, whereas some others such as Ross, UT Austin, USC, etc. have been less so.
Loans: Quite a few US B schools offer loan programs to International students. These loans are given usually for 100% of the cost of the MBA program and, cover both the tuition and living expenses. These loans are offered at much lower rates of interests as compared to the Indian banks. Some B schools such as Kelley, Columbia Business School, Michigan State – Broad, etc. offer loans to International students and require a credit worthy US citizen or permanent resident as a cosigner. Also, a few B schools such as Yale, Wharton, Darden, Duke, Cornell, UNC Chapel Hill, etc. offer loans to International students and do not require any cosigner.
Anyway, an MBA is an investment. An MBA today will help you reach greater heights tomorrow. If you have made up your mind to an MBA and if you are willing to work on your profile and application, then you will find that there are enough ways to fund your MBA. And, in the worst case scenario, you can take loans from Indian banks, where the rates of interest vary from 12% to 15% and a maximum of INR 25-30 lakhs is available as loan to cover 80-90% of the expenses upon presenting 100-150% collateral.
For detailed information about various funding options, you can check this video out: https://www.youtube.com/watch?v=vHMEOC58Yeo
Hope this helps.
All the best.
Best regards,
Aryama
