student education loan
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Career loans mean lack of funds need no longer be a bar to MBA ...
With MBA programmes now costing as much as $ 75,000, one question seems to occupy applicants more than any other: how can I find the money to pay for it? Every year recruitment agency TopMBA surveys nearly 4000 aspiring MBAs around the world to establish whether finance is likely to prove a barrier to study.
The most common source of finance is the education or career loan. Here we look at some of the sources of such loans. Citizens from the UK can borrow up to two-thirds of their pre-study salary in any 12-month period from NatWest to fund an MBA. Applicants need to contribute at least 20 per cent of the course fees from their own resources. HSBC offers loans to students of a number of British-based schools. This facility is open to students from around the world. In the US, Citibank's student loan division provides standard loans and also partners with schools to provide tailored packages.
More student education loan info
Students' debt load surging, study says
The debt taken on by college students to pay for their educations has risen three times as fast as the cost of living, according to new figures released Thursday by a student advocacy group.
The average loan debt among public university graduates who borrowed money grew 115 percent nationally from 1993 to 2004, to $17,250 from $8,014, the study by the Oregon Student Public Interest Research Group said. In the same period, the cost of living in the Willamette Valley rose 32 percent.
College costs have risen faster than medical costs, which grew 62 percent in the 11-year period.
"I have $30,000 in student debt, and that's just for four years of college," said Francisco Castillo, who graduated from the University of Oregon in June with a bachelor's degree in political science.