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

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.

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

Identify the course to pursue

Does it qualify for a loan

Check out total education costs on the university website

Look for grants/ waivers

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

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

How long does it take to get a loan for doing an MBA? Two weeks to two months www.midcareers.com

Two weeks to two months

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

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)

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

d. Proof of residence

e. Proof of identification

f. Statement of assets and liabilities for yourself as well as your guarantor

2 reasons why universities waive fees in some cases Merit of candidate Exceptional need based cases www.midcareers.com

Merit of candidate

Exceptional need based cases

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

Low interest rates

Colleges can fund upto 100% of the tution fees

More if there’s a solid reason for it