How to finance an MBA
Hi all,
I have some questions about financing an MBA. I am planning to have enough to cover the tuition piece, and my parents will pay for my living expenses while I attend school (very fortunate here).
Ultimately, I will have in the ballpark of $160k saved. Essentially right on top of the total two-year MBA tuition. I have a few questions below and would greatly appreciate any insight.
- Does it make sense to take on some debt? Maybe I cover the first year's tuition in cash and take on debt for the second year?
- Can I take on debt for all of the tuition and then just pay off as much as I can once I graduate? IE - take on $160k in debt, and potentially pay off the debt immediately upon graduation (assuming I still have that much in cash) and effectively pay 0% interest as the loans typically don't kick in for a few months post-grad? Or maybe I spend some extra $ and have $140k to pay down loans with, etc.
- Should I take debt for full tuition costs and invest my $160k instead? (index funds, etc.)
- How did you finance your MBA and what considerations went into it?
Appreciate any insight here!
Vero eligendi sint quaerat. Aut commodi a nobis enim est ipsum. Ut nemo porro exercitationem omnis.
Quos dolor aut fugiat asperiores vero. Omnis et officiis aut voluptatum qui. Ipsum repudiandae ut aut autem eaque.
Autem nam autem ex nam ad. Veniam suscipit quia id dolore non dignissimos qui. Natus similique quidem quisquam. Sed iure deleniti aliquid.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...