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Everyone’s Guide to MBA Education Loans for Working Professionals
 

Everyone’s Guide to MBA Education Loans for Working Professionals

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Working professionals looking for higher education funds, must be aware of the bank’s processes and have the required papers ready to ensure a smooth funding.

Working professionals looking for higher education funds, must be aware of the bank’s processes and have the required papers ready to ensure a smooth funding.

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    Everyone’s Guide to MBA Education Loans for Working Professionals Everyone’s Guide to MBA Education Loans for Working Professionals Presentation Transcript

    • Everyone’s Guide to MBA Education Loans for Working Professionals
      • Working professionals looking for higher education funds, must be aware of the bank’s processes and have the required papers ready to ensure a smooth funding.
      www.midcareers.com
    • How to Fund your Higher Education? -1
      • Identify the course to pursue
      • Does it qualify for a loan
      • Check out total education costs on the university website
      • Look for grants/ waivers
      www.midcareers.com
    • How to Fund your Higher Education? -2
      • Get a list of banks that offer loans at attractive interest rates
      • Check out banks preferred by your college
      • Do you need a guarantor
      • Do you need collaterals
      www.midcareers.com
    • How long does it take to get a loan for doing an MBA?
      • Two weeks to two months
      www.midcareers.com
    • Documents banks and colleges may need -1
      • a. Proof of admission or scholarship
      • b. Expense schedule / cost estimate for your course
      • c. Income Tax Statements for the last three years (if you are employed and those of your guarantor as well)
      www.midcareers.com
    • Documents banks and colleges may need -2
      • d. Proof of residence
      • e. Proof of identification
      • f. Statement of assets and liabilities for yourself as well as your guarantor
      www.midcareers.com
    • 2 reasons why universities waive fees in some cases
      • Merit of candidate
      • Exceptional need based cases
      www.midcareers.com
    • Advantages of loans from universities
      • Low interest rates
      • Colleges can fund upto 100% of the tution fees
      • More if there’s a solid reason for it
      www.midcareers.com