A Closer Look at Regional Financial Aid Packages for MBA Programs
Financial aid packages for MBA programs can vary depending on a school’s location, endowment and even prestige. In general, competitive MBA programs may use generous financial aid packages to help recruit top candidates. While most schools offer the option of federal direct Stafford loans or federal direct Graduate PLUS loans to MBA students seeking aid, other universities may use merit-based awards to bring in exceptional applicants. This is how the financial aid process plays out in certain regional MBA programs, and the generosity of some universities may surprise you.
MBA Financial Aid 101
While most undergraduate students have a wealth of information about financial aid, graduate students may feel a bit mystified by the process of applying for aid to fund their next degree. At what point in the application process should applicants consider applying for aid, and how much aid can MBA students expect to receive? The answers to these questions can affect a potential student’s choice of program, making financial aid a crucial consideration during the application process. Continue reading…
Financing Your MBA, Part IV
This post has been republished in its entirety from original source clearadmit.com.
In our previous post on financing your MBA, we covered loan programs for MBA students from the United States. Today, we’ll take a look at loans through the lens of international students, who face some different restrictions but who are also eligible for special programs tailored to their unique requirements.
By law, federal loans can only be distributed to U.S. citizens or permanent residents. This means that international students must put extra work into finding financial aid and loan programs to support their education if they choose to pursue a U.S. MBA program. Continue reading…
Finding Alternatives to Student Loans
Making the decision to return to school for an MBA is a big decision. Deciding how to finance your advanced degree is an even bigger decision. Last year, U.S. News and World Report released the statistic that, “about 70 percent of 2013 graduate left college with an average of $28,400 in debt. The rising costs of undergraduate degrees has made pursuing an MBA less popular over the years. Many students finance their MBA through student loans. However, there are several other alternatives to loans that can help students to minimize student loan debt.
M7 Financial is a company that is dedicated to supporting the goals of students and professionals. M7 Financial works in partnership with mbaMission, jdMission, and MBA Career Coaches to provide advising for hundreds of thousands of students around the world. The company offers guides, seminars and advisory services for students and professionals. The company’s collective goal is to “ensure that clients succeed in achieving their educational, professional and personal ambitions.”
