It is currently 22 Nov 2017, 22:50

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# Tution Reimbursement

Author Message
Manager
Joined: 27 Dec 2012
Posts: 55

Kudos [?]: [0], given: 1

Location: United States
Concentration: General Management, Technology
GMAT 1: 740 Q49 V41
GPA: 3.51
WE: Engineering (Energy and Utilities)

### Show Tags

22 Sep 2013, 08:13
I had a question about financing MBAP programs. I know my employer does tuition reimbursement, but the program I am interested in requires that the total tuition of \$100k be payed in installments of 25% (basically 25k a semester). I'm not sure who has just 25k sitting out to pay for tuition for a semester, so I am wondering, how do most people pay the tuition for the semester and wait for grades in order to get there employers tuition reimbursement? Take out loans then pay them off at the end of the semester?

Kudos [?]: [0], given: 1

BSchool Forum Moderator
Affiliations: SPG Platinum, Southwest A-List
Joined: 01 Jul 2011
Posts: 215

Kudos [?]: 92 [0], given: 24

Location: United States
GMAT 1: 750 Q49 V44
GPA: 3.56
WE: Management Consulting (Consulting)

### Show Tags

22 Sep 2013, 09:32
chestud13 wrote:
I had a question about financing MBAP programs. I know my employer does tuition reimbursement, but the program I am interested in requires that the total tuition of \$100k be payed in installments of 25% (basically 25k a semester). I'm not sure who has just 25k sitting out to pay for tuition for a semester, so I am wondering, how do most people pay the tuition for the semester and wait for grades in order to get there employers tuition reimbursement? Take out loans then pay them off at the end of the semester?

Taking out loans and paying them off at the end of the semester sounds about right. I'm in the same situation. If I get a scholarship from my employer, they'll only reimburse my tuition at the end of my studies - meaning I'll have to come up with the full tuition in loans first. It sounds like your employer would reimburse your tuition after each semester. In that case, could you use your savings to float the 25K? Otherwise 25K in loans is not too bad, especially if your'e paying it back within a few months.

Kudos [?]: 92 [0], given: 24

Founder
Joined: 04 Dec 2002
Posts: 15881

Kudos [?]: 29109 [0], given: 5271

Location: United States (WA)
GMAT 1: 750 Q49 V42

### Show Tags

22 Sep 2013, 15:01
You can always use the zero % APR offer on a credit card (assuming you can stomach that and have the credit limit)... which I believe many schools allow payment with a credit card (hey - it gets you points!). That's probably the easiest/fastest/cheapest way to bridge the gap in your financing. But it depends on the person since I use credit cards for everything while I have friends who wont' touch them...
_________________

Founder of GMAT Club

Just starting out with GMAT? Start here... or use our Daily Study Plan

Co-author of the GMAT Club tests

Kudos [?]: 29109 [0], given: 5271

Re: Tution Reimbursement   [#permalink] 22 Sep 2013, 15:01
Display posts from previous: Sort by