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9th February 2017, 04:11 PM
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Join Date: Mar 2013
Re: How To Finance An MBA

If you decided that you are in for an MBA, but you are looking for to pay for the high costs an MBA involves.

Just rest your all stress and apply for a scholarship or a student loan to finance your Master of Business Administration.

There are other possibilities that can help you out in this sense. Before you select a finance opportunity, check and think carefully if it is the best solution for you.

Most applicants aged 24 – 30 estimates that they will pay for their MBA degree as follows: around 15 % with personal savings, 30 % by applying for a loan, and up to 20 % based on scholarships, grants or fellowships.

Other sources of financial aid involve family support and employee assistance.

Find finance for an MBA:

Find your MBA Scholarship

Student loans cover your costs

Combining an MBA degree with part-time work

Teaching or research assistant job

MBA paid by your employer/Employer sponsorship

The chart below lays out a few of the characteristics of the key federal loans:

Direct Loan (Stafford) Direct Grad PLUS Loan
Maximum Amount $20,500 per year The school’s student budget minus any other financial aid received (including a Direct Loan)
Interest Rate 6.8% (1.0% origination fee), fixed 7.9% (4.0% origination fee), fixed

Interest Accrual
Subsidized portions accrue no interest during enrollment, grace, and deferment periods
Unsubsidized portions accrue interest over the loan’s lifetime.

Interest accrues over the entire lifetime of the loan, regardless of your student status

Eligibility:
Based on demonstrated financial need
Available to U.S. citizens and eligible non-citizens enrolled with half-time or greater course load

School must participate in program
Available to U.S. citizens and eligible non-citizens enrolled with half-time or greater course load

Repayment Terms:

Standard repayment is 10 or 25 years
Repayment begins six months after graduation or when enrollment drops below half-time

Stanfard repayment is 10 or 25 years
Repayment begins six months after graduation or when enrollment drops below half-time

Last edited by Rajkumar Agarwal; 9th February 2017 at 04:44 PM.


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