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Education loan for MBA : Filling the International MBA Financing Gap

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Education loan for MBA are available to qualifying international students up to the amount of tuition and, as with any financial loan, you’ll need to demonstrate a stable financial history in your home country. And remember, like any other loan, it has to be repaid in a timely fashion. – PowerPoint PPT presentation

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Title: Education loan for MBA : Filling the International MBA Financing Gap


1
Education loan for MBA
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Filling the International MBA Financing Gap
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  • One of the first things youll see on Harvard
    Business Schools cost summary page is a
    statistic in bold on the right-hand side of the
    screen. It reads, 65 of MBA students receive
    some form of financial assistance.
  • The important part of this figure is that it
    represents a majority of MBA candidates. The
    surprising part is that the amount of MBA
    financing can seem so very meager.
  • Its true youll pay a lot less for a (still
    fantastic) regionally-prominent business school
    than you would for Wharton, INSEAD, or London
    Business School.
  • You still need to factor in the cost of living, a
    year or two without employment, and all the costs
    associated with the application process when you
    are calculating financing an MBA.

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  • Excluding scholarships and bursaries, you would
    think that international MBA students would have
    more MBA financing options, simply because the
    pool of availability has doubled.
  • But, thats just not the case. Students studying
    in their home countries have more viable options
    for financing an MBA, while international
    candidates have very few real options. Even
    banks, the traditional port of call for most MBA
    loans, are often a no-go zone.
  • There are many, many reasons that lenders are
    hesitant to loan money for international MBA
    students.
  • Many banks simply cannot price the risk involved
    with financing an MBA.
  • More than that, individual banks (even prominent
    ones) dont have the resources necessary to track
    and collect money across international borders.

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  • No institution wants to lend money to someone
    without a history. And, lets face it, even if
    you provide an American bank with French
    financial documents theyre not going to
    understand the context of
  • those documents, even if theyve been translated,
    verified, or certified. They need a local
    financial history.
  • In some countries, such as India, where
    international MBA study is almost a cultural
    norm, banks are willing to lend but the
    conditions associated with these MBA loans are
    often beyond the comfort limit of applicants.
  • Developing countries may have prohibitive fiscal
    policies in an attempt to ensure citizens return
    to reinvest their skills at home.

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  • Education loan for MBA are available to
    qualifying international students up to the
    amount of tuition and, as with any financial
    loan, youll need to demonstrate a stable
    financial history in your home country.
  • And remember, like any other loan, it has to be
    repaid in a timely fashion.
  • But just the possibility may be enough to take
    some of the sting out of paying for an MBA,
    regardless of the price tag, the program, and the
    demographics you fall into.
  • Source http//www.topmba.com/blog/filling-interna
    tional-mba-financing-gap

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