Everyone’s Guide to MBA Education Loans for Working Professionals
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Transcript of Everyone’s Guide to MBA Education Loans for Working Professionals
Everyone’s Guide to MBA Education Loans for
Working ProfessionalsWorking professionals looking for higher education funds, must be aware of the bank’s processes and have the required papers ready to ensure a smooth funding.
www.midcareers.com
How to Fund your Higher Education? -1
• Identify the course to pursue• Does it qualify for a loan• Check out total education costs on the
university website• Look for grants/ waivers
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How to Fund your Higher Education? -2
• Get a list of banks that offer loans at attractive interest rates
• Check out banks preferred by your college
• Do you need a guarantor• Do you need collaterals
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How long does it take to get a loan for doing an
MBA?Two weeks to two months
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Documents banks and colleges may need -1
a. Proof of admission or scholarshipb. Expense schedule / cost estimate for
your coursec. Income Tax Statements for the last
three years (if you are employed and those of your guarantor as well)
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Documents banks and colleges may need -2
d. Proof of residencee. Proof of identification f. Statement of assets and liabilities for
yourself as well as your guarantor
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2 reasons why universities waive fees in
some casesMerit of candidate
Exceptional need based cases
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Advantages of loans from universities
• Low interest rates• Colleges can fund upto 100% of the
tution fees• More if there’s a solid reason for it
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