I am going to be pursuing an MBA and I was lucky enough to get into a top 5 program. Now it’s time to actually figure out how to pay for it. I did some of my own research, but wanted to come on here and get some more advice or tips and tricks on how to take out this large sum of money in the smartest way possible!
A little background: Credit score is 805, 0 current debt, will be working while pursuing my MBA (I plan on making payments while in the program as best as I can), I am confident the program will help secure a higher paying job post graduation.
I filed my FAFSA already but I know for Graduate programs you can only get $20,500 in public loans per year so will likely have to go the private route to help make up the shortfall. I’m expecting the total cost to be roughly $120K when it’s all said and done in 2 years. One additional note, if I pay by credit card the University absorbs the credit card fee, so if anyone is aware of a private loan that would disburse fund directly to me I would love to rack up some serious credit card points ha! I know that point is moot if the interest rate is greater than the percent back I get in points is but wanted to toss that out there.
I’m happy to provide any more details that I left out if it helps determine best lenders to choose, etc. My main ask is this, what are some of the best lenders to consider? What is the best way to take them out, as in just request the likely full amount I’ll need from them up front or should I break it up into a couple smaller loans (my apologies if this is a dumb questions, I was lucky enough to have help with my undergrad so have not taken out loans alone before)? Are there lenders that will disburse directly to the student (from initial research seems like a long shot)?
Thanks for the help in advance!!
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