I received my financial aid offer yesterday for my MBA – it’s going to take me a day or two for me to do some research and figure out what’s what, but it seems like a pretty solid package.
The part time program will cost just under $20K a year and my loans – split between subsidized and unsubsidized – came in at just above $20K a year. So, while I know the plan is to borrow less money, it’s nice to know that’s it’s there. Now I just have to figure out how to use it and what the best way to use it is. Either way, it’s a big relief knowing that I have some help from Uncle Sam (regardless what some might say about him or his programs).
Also, thank you for all of the e-mails, comments and support that came with the news of my acceptance. It was nice to read and I really appreciate it.
Posted by KC | Posted in MBA | Posted on 19-03-2008
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I got into grad school!
After taking the GMAT twice and laboring over more essays than I would care to write about myself I have been accepted to an MBA program here in Boston.
I’ll be starting in the fall and will be going part-time and have applied for financial aid, but haven’t heard back on how that will turn out. I make about $49K, so my thought is that they won’t be too kind to me – it’s a shame that debt isn’t taken into account on those applications. Yes I make $49/yr, but I owe over $30K – so really that means I make about $29K/yr. I just made that up – but those of you that have or are experiencing credit card debt know exactly what I mean.
Anyway – this throws a little wrench into the whole life/finances/debt paydown, doesn’t it? But really that’s fine. First of all, I’m excited to go back to school and learn. Second, it will (hopefully) increase my earning potential. In fact, I see this as the best time to be in school. During the recession (and yes, let’s be honest, it’s a recession) I will work towards my MBA and hopefully in 2-3 years the recession will be over just in time for graduation.
Well that’s the plan at least…so in the future, my posts will have a new aspect. The in-debt, overworked blogger looking for a way out. Sounds exciting, no?
