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Why aren't there any recent information on this topic?

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Intern
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Joined: 07 Apr 2018
Posts: 12
Why aren't there any recent information on this topic?  [#permalink]

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New post 07 Apr 2018, 01:52
Hello Guys, From my point of view, I am confident enough that I will score very good above 700+ and 720+, I also have a decent work experience with international exposure and volunteer opportunities.

The only thing I am concerned about is, Financing my MBA!

I hail from a Middle Class house from India. My savings are roughly 20K USD. I have no collateral nor my family has such huge collateral. And no cosigner in the US.I have seen many loan or scholarship programs but I also read posts where many get rejected. Just want to understand how possible it is for a person like me to spend around 200k USD during my study.

Do we get to earn from internship or part time jobs or is that also very rare? Please help me with recent updates on financing for someone like me. I have been dreaming for an MBA and this seems to be a roadblock.

Need clear updates and recent information. Please

Posted from my mobile device
MBA Section Director
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Status: Back to work...
Affiliations: GMAT Club
Joined: 22 Feb 2012
Posts: 5668
Location: India
City: Pune
GMAT 1: 680 Q49 V34
GPA: 3.4
WE: Business Development (Manufacturing)
GMAT ToolKit User Premium Member
Re: Why aren't there any recent information on this topic?  [#permalink]

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New post 07 Apr 2018, 09:04
nomoneynoMBA wrote:
Hello Guys, From my point of view, I am confident enough that I will score very good above 700+ and 720+, I also have a decent work experience with international exposure and volunteer opportunities.

The only thing I am concerned about is, Financing my MBA!

I hail from a Middle Class house from India. My savings are roughly 20K USD. I have no collateral nor my family has such huge collateral. And no cosigner in the US.I have seen many loan or scholarship programs but I also read posts where many get rejected. Just want to understand how possible it is for a person like me to spend around 200k USD during my study.

Do we get to earn from internship or part time jobs or is that also very rare? Please help me with recent updates on financing for someone like me. I have been dreaming for an MBA and this seems to be a roadblock.

Need clear updates and recent information. Please

Posted from my mobile device


There's ample information available on MBA financing. You only need to search for it in right forums. :-)

There are many companies such as Prodigy Finance or MPower Financing that offer collateral free loans to MBA students at competitive interest rates. These companies won't even ask you for a co-signer. Both these companies have their presence on GMAT Club. You can learn more about their offerings in these threads.. https://gmatclub.com/forum/prodigy-finance-223463.html
https://gmatclub.com/forum/mpower-finan ... 53716.html

Another way to raise funds for your MBA is through scholarships. Many schools offer merit based and/or need based scholarships. For merits based scholarships, you need to have solid stats. I know of many Indian students who were able to secure 50-80% of the tuition amount through merit based scholarship with stellar GMAT/GPA and decent track record at their companies.

For detailed information on MBA financing, check out the Souvik's guide on MBA financing as well as this compilation of special scholarships offered by top schools.

Hope thats helps!
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Re: Why aren't there any recent information on this topic? &nbs [#permalink] 07 Apr 2018, 09:04
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