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May 0408:30 AM PDT
-09:30 AM PDT
A low GMAT score does not automatically end your MBA admission chances. Every year, top business schools admit candidates whose GMAT scores fall below the class average — not because the score doesn’t matter, but because the rest of the application....
May 0507:00 PM EDT
-08:00 PM EDT
In this live 60-minute masterclass, How to Get Ahead of MBA Recruiting Now, we’ll walk through the four biggest mistakes incoming MBAs make and how to avoid them so you’re not scrambling to catch up once recruiting begins.
May 0710:00 AM EDT
-10:30 AM EDT
Sia Admissions Founder Susan Berishaj is covering this live on YouTube, May 7: how admissions committees actually evaluate goals statements, who is in the room, and why the goals statement most applicants submit wouldn't survive that conversation.- May 07
11:30 AM PDT
-12:30 PM PDT
Most MBA resumes fail not because of weak experience — but because of how that experience is presented. In this episode, we break down what makes an MBA resume effective, and how to shift from listing responsibilities to demonstrating impact... - May 08
08:00 AM PDT
-08:30 AM PDT
Join the special YouTube live-stream for selecting the winners of GMAT Club MBA Scholarships sponsored by Juno live. Watch who gets these coveted MBA scholarships offered by GMAT Club and Juno.
12 Apr 2018, 17:33
Kudos
Bookmarks
I wanted to get GMATClub's opinion on this. A December 2017 article from US News says that the PROSPER Act (proposed by Republicans on the House Committee on Education and the Workforce) is looking to eliminated both subsidized Federal loans and Graduate PLUS loans.
Potential Effects of PROSPER Act on Student Loans
Here's the key excerpts:
One loan, one grant: PROSPER includes the one loan, one grant idea for streamlining federal student aid into a single funding tool.
Policymakers and others have circulated this idea for years as a way to simplify the loan process. The bill proposes eliminating Stafford and PLUS loans for first-time borrowers as of July 1, 2019, and replacing these options with a new Federal ONE Loan.
Borrowers who had borrowed direct loans prior to 2019 could still take them out until Oct. 1, 2024, at which point direct loans would be phased out entirely in favor of ONE Loans.
No subsidized loans or origination fees: Under PROSPER, all loans in the ONE program would be unsubsidized. Additionally, all loan aid would be disbursed weekly or monthly, like a paycheck, rather than the current practice of one disbursement per semester. And all loan origination fees would be eliminated.
Tried to post the link but it looks like I have not been a member for long enough. Google "US News Potential Effects of PROSPER Act on Student Loans" for the article.
I'm concerned from what I'm reading. An MBA at a Top 20 averages $180k. If the PROSPER Act is enacted, this would force students to take out ~$120k in private loans (assuming no scholarship). Feel like this could drastically change the game for those pursuing MBAs (or graduate degrees in general).
What is the reaction from everyone else?
Potential Effects of PROSPER Act on Student Loans
Here's the key excerpts:
One loan, one grant: PROSPER includes the one loan, one grant idea for streamlining federal student aid into a single funding tool.
Policymakers and others have circulated this idea for years as a way to simplify the loan process. The bill proposes eliminating Stafford and PLUS loans for first-time borrowers as of July 1, 2019, and replacing these options with a new Federal ONE Loan.
Borrowers who had borrowed direct loans prior to 2019 could still take them out until Oct. 1, 2024, at which point direct loans would be phased out entirely in favor of ONE Loans.
No subsidized loans or origination fees: Under PROSPER, all loans in the ONE program would be unsubsidized. Additionally, all loan aid would be disbursed weekly or monthly, like a paycheck, rather than the current practice of one disbursement per semester. And all loan origination fees would be eliminated.
Tried to post the link but it looks like I have not been a member for long enough. Google "US News Potential Effects of PROSPER Act on Student Loans" for the article.
I'm concerned from what I'm reading. An MBA at a Top 20 averages $180k. If the PROSPER Act is enacted, this would force students to take out ~$120k in private loans (assuming no scholarship). Feel like this could drastically change the game for those pursuing MBAs (or graduate degrees in general).
What is the reaction from everyone else?
16 Apr 2018, 10:59
Kudos
Bookmarks
Thanks for posting!
I am not sure how many people have relied and used the Federal student loans to finance their MBA. I have used a private loan and I felt it was very affordable without any origination fees but one has to qualify for it, unlike the Federal ones that is available to anyone. I feel for a Top 20 MBA applicant, the federal loan program in the current shape is a poor value and a bad tool. The origination fees make it a pretty bad option in the first place, and the interest rates are not thing to write home about. I feel Private Loans for BSchool were always better. I am not as concerned about it for the MBA applicants since it will impact a very small number of folks (basically only those who had to file for bankruptcy or had some other issues, in which case, they can use a co-signer to mitigate some of these). Let me know if I am off...
I am not sure how many people have relied and used the Federal student loans to finance their MBA. I have used a private loan and I felt it was very affordable without any origination fees but one has to qualify for it, unlike the Federal ones that is available to anyone. I feel for a Top 20 MBA applicant, the federal loan program in the current shape is a poor value and a bad tool. The origination fees make it a pretty bad option in the first place, and the interest rates are not thing to write home about. I feel Private Loans for BSchool were always better. I am not as concerned about it for the MBA applicants since it will impact a very small number of folks (basically only those who had to file for bankruptcy or had some other issues, in which case, they can use a co-signer to mitigate some of these). Let me know if I am off...
