Never taken out student loans before - top 10 program starting in the fall and I have no scholarships. What’s the max amount of student debt people are generally leaving MBA programs with?

I’m looking to load up 😤

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110 to 230 depending on how much you need. Regardless, when you get that high paying job later, keep costs low and pay it down.

likehelpful

I appreciate you

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Max is likely $200k - $250k, but it depends on your program.

Each year you can borrow up to the estimated cost of attendance published on the program’s website. That’s the max amount lenders will allow you to borrow.

Exceptions can be made to increase this amount too. For example, you can provide documentation to your program’s financial aid office to prove your rent exceeds the amount allotted for housing. Same applies for any other category or if you register for school sponsored treks that provide academic credits.

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And what can we expect to start making post MBA. I am already at EY at 150K with 4YOE with one masters. Is it worth going for MBA considering ROI

Maybe uncommon opinion, but with the number of MBA's I'm seeing struggle to get jobs, I wouldn't go after anything you can't reasonably cash flow yourself. Probably the best gift I've ever given myself is never taking out a school loan.

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I CF’d mine too but top ten wasn’t an option so…

What’s your post-MBA plan?

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Not if you’re passionate about it

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I left a top 25 school with $130K debt. Graduated in 2009 and should have it paid off this year. CF as much as you can, and use every opportunity during the program to do special projects, reach out to leaders in the field you want to be in for 15 minutes to hear their story/advice.

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F

I honestly don't think pursuing an MBA is the best move for you right now. You're already making a considerable amount of money in consulting, and you can acquire a lot of the knowledge you desire by learning on the job and utilizing online courses. Instead of accumulating debt and interest, it would be more beneficial to take advantage of the resources offered by your organization and seek guidance from your superiors.

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Get upto 100% of your TDS as Refund in your desired bank account .
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For the MBA programs I'm looking at this score is fine but is this a score that can help my BCG app in a MCOL Canadian city?

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likeupliftingfunny

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