How do most of you pay target UK tuition?
Statistically, are scholarships the bulk of funding? Asides those from wealthy British/European/otherwise families—and asides British citizens who can access student loans—how do most people fund the rest of the UK target school tuition not funded by most scholarships (most full scholarships I hear of are directed towards women—and I am a poor male from a 3rd world country with no idea how to fund a tuition in UK, if I should hypothetically get an admission to LBS or LSE for instance)? I see the popular advice of "get into this prescribed list of target master's programs for IB"—how do I practically implement funding both living expenses during a 1-year master's & tuition, considering my extremely broke personal situation (and no realistic source of funding in sight)?
Loans with crazy interest rates
Based on the most helpful WSO content, here's what you need to know about funding tuition for target UK schools:
Scholarships and Financial Aid:
Loans:
Personal Savings and Family Support:
Part-time Work:
Combination of Sources:
Planning and Budgeting:
For someone in your situation, it might be beneficial to: - Research Scholarships: Look for scholarships specifically for international students or those from developing countries. - Explore Loan Options: Investigate private loan options and understand the terms and conditions. - Seek Advice: Reach out to current students or alumni from your target schools to understand how they managed their finances.
If you need more specific advice or resources, you might find additional insights in the WSO forums or by connecting with the community there.
Sources: How do people actually pay for MBAs?, Is it possible to get accepted into an M7 MBA program when you don't have enough money to afford it?, MSF Class of 2019, Money - What is your goal?, Where Should I Apply?
It's usually a reality check , "welcome to the real world" and all that.
No country has any obligation to international students from other countries.
No country is perfect but countries generally look after their own citizens and taxpaying families first .
Bump
I love it when European people complain about tuition.
Top target masters do be expensive (60-70k USD/y)
I agree regarding undergrad tho
Check out MIT MFin’s tuition and get back to me.
You can study in Europe even with international fees it is cheaper... Was your choice so don't complain...
masters top targets aren’t in europe, they’re all in the UK (Oxford/LBS/LSE/Cambridge Mphil) with exception of HEC which is still somewhat expensive (50k USD). Unless you consider HSG or Bocconi top targets, they’re really the only cheap top masters for intl students
People take loans, that's it. This applies to both the UK/US, so ones without money available to them take loans. Now, if you are asking me if it's worth it, I'd argue... Depends on the personal circumstances. I've personally heard stories of Indians (men) who took loans, paid for LSE/LBS an ended up with nothing or poorly paid jobs. That's the sad reality that it won't be worth for everyone because, in my honest opinion, the targets are cash cows to some extent and while they providw good education opps, you pay for the perceived prestige to the large extent. Then, confronted with a cutthroat market in London, it might turn out that the name on your CV itself is not sufficient. Finance companies often look for "fit" - which also include the way you speak (accent, vocab), how you dress for an interview, how eloquent you are. You won't be told that directly, but I've seen some people surprised why they couldn't get a job despite a target - yet their English was horribile, hard to understand so no brainer that they couldn't make through interviews. My piece of advice in short; take the loan if you are certain in your skills, CV and how polished you are, otherwise think twice
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