{ "media_type": "text", "post_content": "Are 30k in savings okay if I'm planning on taking 2 years off for the MBA program and taking loans to cover living expenses, food, textbooks, and classes? The 30k would be emergency funds", "post_id": "59ac99f19a4b930010cdb606", "reply_count": 6, "vote_count": 4, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }

Are 30k in savings okay if I'm planning on taking 2 years off for the MBA program and taking loans to cover living expenses, food, textbooks, and classes? The 30k would be emergency funds

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Living expense fund or emergency funds or travel funds? Make up your mind

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The 30k would be used for any additional travel i would want to do but still planning on taking loans for everything else

Sorry, strike the living expense fund part ☺️

When you apply for loans, they'll usually offer you enough to cover tuition plus living expenses. 30k is barely enough for 2 years of rent

You don't need any savings actually. Just roll up about $155k in loans and when you need more fun money take out another no interest for 18 months credit card and transfer balances...

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