These are the sources from which I am going to finance my MBA
1. Loans - 60%
2. Schols - 30%
3. Personal savings - 10%
So for a 120,000 $ USD course (60 Lakhs approx), the maths comes out to be:
Schols ~ 36K
Loans ~ 72K
Cash from personal savings ~ 12K (6 lakhs)
Looks tight to me ! A few thousands here and there and I will be seen begging for more money.
About Loans - many schools do not offer loan without a cosigner, and so will have to take this into account while choosing schools.
About Schols - will look for schools which offer schols generously.
Now that an MBA is dependent on so many things, its becoming more and more challenging. Especially the financing part. Well, I will not spend too much time on this and will look into it as I reach there. As of now back to school researching and essay writing.
1 comment:
[...] have taken loans, and so will I. Lets think about repayment when we come to that.[see how I plan to finance my MBA] It may be recession, but I think I will land a job in UK and be able to repay soon. And hoping [...]
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