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Financing Your MBA

stock_student5Whether graduate school is just a glimmer in your eye or you have already made up your mind to get your MBA, it’s never too soon to start planning. These sites offer valuable tools and resources to help map out your financing and repayment strategies. It is also wise to make an appointment with the financial aid office at your school for personal advice.

americorps.org—AmeriCorps is a network of local, state, and national service programs that engages 70,000 Americans each year to meet critical needs in education, public safety, health, and the environment. Full-time members who complete a year of service earn an education award to help pay for college or graduate school, or to pay back qualified student loans. A member can earn up to two education awards.

mbapodcaster.com—This website provides relevant information and advice in biweekly audio segments for those planning to apply to an MBA program. Listen to the “Financing Your MBA” podcast.

Factweb.com—This catch-all site has a “Grants and Scholarships” link that leads to multiple information sources.

MBA.com—Click on the “Paying for Your MBA” link and follow it to “Scholarships and Grants” section. There, you’ll find a list of scholarship resources, many particularly for minority candidates.

MBAloans.com—This site provides tools to calculate loan amounts and repayment schedules, links to a variety of loan sources, and a function to apply for loans online.

Scholarships.com—This site provides a wealth of information on scholarships and loans, the scholarship award process, and scholarship scams.

Finaid.com—This is another resource for all types of financial aid information, plus tips on filling out applications and tools to help calculate costs and payments.

GraduateLeverage.com—Founded by graduate students, this is a resource for helping to manage student loan debt, assessing your financial needs, and consolidating loans.

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