Monday, February 4, 2008

Paying for Your MBA : Private and alternative financing

Paying for Your MBA:


There’s more to financial aid than the federal government, although it does offer some of the best loans and terms around. However, even the Fed can’t necessarily get you everything you need to get that MBA you’re after, so do a thorough job of checking out what is available to you. You might be surprised by what you find.

Private and alternative financing

Foundations, corporate sponsors, and individuals offer millions of dollars of aid every year through scholarships, grants, internships, and loans awarded either directly to you or to your school. Private sponsors establish their own application procedures and eligibility criteria which may have little or nothing to do with your financial situation. You’ll probably need to do a little work to uncover all of the private aid that you may be eligible to receive, and you’ll have to shop around for the loans that offer the best interest rates and terms of repayment — but the work you put into this process will be well worth the effort.

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