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  Financing Your MBA
 
How Much Will It Cost?
How to Finance Your MBA
MBA Student Loans
Scholarships
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How Much Will It Cost?

A typical fulltime program at a top business school can cost upwards of $150k for the two years you are in school. Add in the opportunity costs of lost salary and you're close to being $400k in the hole.

Consider: Harvard Business School reports its latest student budget is approximately $40k for tuition with rent and other living expenses totaling about $30k per year. After two years, MBA grads are looking at $140k of debt! If pre-business school total compensation was $110k per year (for example), then the opportunity cost of attending classes is $220k of lost compensation. $140 + $220 = a whole lot of money!

Besides just the financial costs of attending business school, there are numerous other costs you should consider. Please explore the resources on this page to understand these costs and to help you plan for financing your MBA education.

 
 
How to Finance Your MBA

Once you get accepted to business school, the next challenge you'll face is finding a way to pay for the huge costs of financing your MBA.

How will you do it? What factors do you need to consider? Read the articles below for some expert advice:

» Provides a listing of financial aid sources for all applicants.
» Paying for Business School About.com's guide to financing your MBA. Lots of good information.
» Provides a good overview of costs to consider and suggests where to look for financial support.
Check out the books below for more ideas about where to start your search for financial aid.
 
 
MBA Student Loans

MBA student loans are the most common way for business school students to finance their education. There are numerous resources available in this regard, and we have listed a few options below.

» A one stop shop for everything student loan related. Research your student loan options here.
» A student loan program offered by SallieMae
» Stafford loans offered through NellieMae
» Free Application for Federal Student Aid - it all starts here!
» Citibank offers CitiAssist and Federal PLUS loans
 
Scholarships

Schoalrships alleviate the burden if you haven't saved $100k to pay for your MBA and you are terrified at the thought of leaving business school with massive amounts of student loans.

Do some due diligence and you'll find that there are many scholarship opportunites for MBA students. But where should you look? Not sure which scholarships you have a chance of winning? Check out the links below for great advice about how to start your scholarship search.

» Register and search for scholarships.
» Register and search for scholarships.
» List of specific school scholarships and articles about financing your MBA.
 
Submit a Link

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