11 Comments
 

What do you mean by this? How can you pay for it? Usually any degree is funded through people's own money or by sponsorship by the parent or firm they will work in the future or was working in the past. Also, the other way is to take out loans and then paid them back.

I don't know any other ways to fund any education unless you don't get a scholarships or teaching or fellowships from the program.

 

Many opportunities to take a loan? Or do you mean not a lot of banks wanna give you a loan? I don't know where you are from or where you are going. But most countries have educational loans. I don't think any one on this forum would be able to give you a loan. So I would suggest talking to all the banks in your area and/or trying talking to the school about fin aid money or some type of assistance.

 

You'll have to be a bit more specific to get at least some valuable advice...

Which country are you talking about first of all? Did you apply for scholarships? How are your chances to get one either based on having top-grades or because of your social background? Have you made a calculation how much you'll need to cover tuition, living expenses, etc? Can you fund some of it on your own/through family? Would your studies allow you to work part-time?

Those are some points from the top of my head which would increase your chances of someone in the community being able to give you some more pointers.

 

So, the issue here with student loans is that they cannot be discharged in bankruptcy- at least that is the rule in the US. After death and taxes, student loans are probably the third most certain thing in life. (In other countries, tuition is often much lower and you get help from the government if you're a resident or citizen.)

If a lender is unwilling to write a student loan for the MSF you're pursuing, and the school is unwilling to lend you the money, it may be a sign that the MSF might not be worth the money.

You may instead consider an engineering degree. An MS in Engineering or CS is a lot more valuable than one in finance.

 

Come on man. The guy is not looking to be pushed to do an engineering or computer science degree (and masters degrees in these subjects don’t get you far in the EU). He also doesn’t need a doom and gloom story implying that borrowing for a Msc Finance will put him in the poor house. Imperial is a very well regarded school (and quite quantitative), so I’d assume his STEM skills are solid. Given the OP’s undergrad, the masters program could literally be life changing in the opportunities it open. Are there risks? Sure, but it sounds like the OP has thought of them and wants to go ahead anyway ( a good bet IMO) so why don’t we leave the advice to people who can actually get the answer he seeks?

 
Best Response
Vagabond85

Come on man. The guy is not looking to be pushed to do an engineering or computer science degree (and masters degrees in these subjects don’t get you far in the EU). He also doesn’t need a doom and gloom story implying that borrowing for a Msc Finance will put him in the poor house. Imperial is a very well regarded school (and quite quantitative), so I’d assume his STEM skills are solid. Given the OP’s undergrad, the masters program could literally be life changing in the opportunities it open. Are there risks? Sure, but it sounds like the OP has thought of them and wants to go ahead anyway ( a good bet IMO) so why don’t we leave the advice to people who can actually get the answer he seeks?

Next time, read the time stamp on the post (same time as OP's). I started writing my post before he posted which school he was going to. In general, if nobody will lend you money to go to school, that provides a signal. I try to work with the information OP chooses to post. With more facts and circumstances, that changes the situation.

OP's best bet is to get some help from the Italian government. OP may also wish to consult non-UK residents on campus.

One other option is a program in a more socialist country, like France. Polytechnique has an amazing financial engineering program that routinely gets a lot of placements into hedge funds and major US banks. I also believe tuition is free for EU residents and the Master's program is a bit easier to get into than the undergrad program. INSEAD also just launched an MSF program, it looks like.

Imperial is a perfectly good program, but if you can't get funding for tuition, you can't get it. There are a lot of other options out there, and OP needs to keep an open mind.

 

You should have probably asked for a scholarship while you applied, not after you got admitted. I guess it will be tough now to get something from Imperial directly. Unfortunately I'm no expert on UK or Italian scholarships/grants/loans but I would try the following: - contact Imperial's international student services, explain your situation and background, maybe they can direct you to funding sources - usually every European country has a government funded academic service, try to look for funding options there - check whether there is EU funding available for your case (like an ERASMUS grant) - try independent scholarships in Italy and UK (often political parties, companies, etc) - contact international students with a similar background at Imperial (search via LinkedIn, your network, etc)

Congrats on the offer from Imperial, it's a really good university and you should try your utmost to attend. Eventually though I have to agree IlliniProgrammer, if you absolutely cannot fund it except with an expensive student loan, think hard about whether you want to put yourself into debt so early in your career/life.

 

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