MBAs and Graduate Schools

[The Yankee]

There are always loans....

 

[Whomp]

There are always loans....

There's also tuition reimbursement which would've been a high priority in job hunting if I planned on getting an advanced degree. It's how my gal got her U of Chicago MBA.

 

[LuckyAC]

A loan doesn't remove the cost, merely delays it, and for me the purchase of prestige is not worth $80,000. For some people, it might be, depending on their goals.

If you are sure you are going into public interest then, yes, loan forgiveness would change the decision.

 

[Dida]

Well, I don't have to look too far. For me there's a difference of some $80,000 between the #4 or 5 best school and the #7 or 8 best school: http://www.lawschoolnumbers.com/display.php?user=LuckyAC
If I get into Columbia (another #4/5 school) it will probably be with no money, pretty much exactly what you described as so unlikely.

Well, I think the LSAT should teach you at least that one example doesn't disprove statement about a general trend. It is very unlikely for someone who the admission people at Columbia deemed deserving of no scholarship to get a fullride at UVA/UM. Or that they are playing a trick whereby they hope you will get no better offer and take theirs. I was able to get Chicago to up my scholarship offer to a fullride, although they being such sleezy dirtbags only offered 8k (or something like that) initially and only matched when NYU and Columbia came out with good packages. I heard this strategy doesn't work at Harvard/Yale, but it is worth a try with your other schools.

 

[LuckyAC]

Well, I think the LSAT should teach you at least that one example doesn't disprove statement about a general trend. It is very unlikely for someone who the admission people at Columbia deemed deserving of no scholarship to get a fullride at UVA/UM. Or that they are playing a trick whereby they hope you will get no better offer and take theirs. I was able to get Chicago to up my scholarship offer to a fullride, although they being such sleezy dirtbags only offered 8k (or something like that) initially and only matched when NYU and Columbia came out with good packages. I heard this strategy doesn't work at Harvard/Yale, but it is worth a try with your other schools.

I don't particularly know why you thought I was making a statement about a general trend. I said: "I don't want to be a professor or work at Wachtell, so I have no qualms about taking a full scholarship to go to a slightly less prestigious school." Notice the "I" - I was clearly talking about my specific situation. However, I don't think it's actually as uncommon as you think. Columbia spends a lot of its money on full and named scholarships (the Hamilton and the Butler), so if you don't quite make the cutoff for those, there isn't much money left for random scholarships like Chicago gives.

Yale, Harvard, Stanford don't offer merit scholarships, so that's pretty much true, although there is talk that they can massage your "need" in the right circumstances. I did alert Chicago of my Michigan scholarship and ask them to reconsider, which they agreed to, giving the answer a few weeks from now. Nowadays, Chicago doesn't really offer more than $64,000 scholarships though, so I am not sure how much it would matter

 

[The Yankee]

There's also tuition reimbursement which would've been a high priority in job hunting if I planned on getting an advanced degree. It's how my gal got her U of Chicago MBA.

That too.

I'll toss a resume at the investment banks, not expecting much. If not that, then the financial planner job could go much better in Minnesota if I can convince my better half's father to let me bother some of his fairly substantial network customers. Since here, I ain't got no natural network.

The missus and I plan to return to NYC shortly enough, anyway. And having her around would probably help my blood pressure more than anything else. Especially when I have to apply to the bunch of MBA schools I'll probably toss around.

A loan doesn't remove the cost, merely delays it, and for me the purchase of prestige is not worth $80,000. For some people, it might be, depending on their goals.

If you are sure you are going into public interest then, yes, loan forgiveness would change the decision.

Consider it an investment, if need be. Since the payout should surely be greater than what you pay in. Even with interest. Without it, I'd probably be at CUNY right now and still another year away from the degree, if I had to put off starting. CUNY's can do well on some things, but I don't think there's a real place for me there.

It seems like at most you'd only need to borrow part of the way, so that definitely eases any pain you'd think you'd be taking on.