Financial Aid Conversation with Chicago GSB

One the biggest considerations when applying to business school is financial aid. Generally speaking, the cost of attending a full-time, two year MBA program is about $100,000. University of Chicago‘s admissions director recently spoke to about handling the costs of school. Overall, she stressed that Chicago, like all schools, is committed to working with students to find a solution to financing school through a combination of loans and scholarships. Also for international students in need of financial aid, Chicago guarantees help – whatever they need to borrow in loans is given to them. She also stressed that an MBA must be seen as a long-term investment, and that students are on track to receive great job offers.

She also had a few tips for individuals planning to attend school:
* Get your finances in order first
* Think about living slightly below your means before school.
* Save as much as possible
* Avoid credit card debt
* Scale back on things you don’t need (including big things like a car if you don’t need one)

Finally, she stressed that just because you can borrow money, it doesn’t mean that you should.

You can read the entire article here.

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