Financial aid is when an institution provides a sum of money to its students to help pay for their time at university. It can cover a rage of things including tuition fees, accommodation, travel costs, books and living costs.

Financial aid is similar to scholarships in that it provides funding for students so that they can study at university. However, financial aid will usually be calculated based on a student’s financial circumstances whereas scholarships are usually awarded to students based on their academic achievements or the subjects they are studying. 

When you’re choosing an MBA student loan, you can customize the following:

Understanding the true out-of-pocket expense to obtain your degree:

Step 1. Start by Learning the Sticker Price of the Schools You Want to Attend

Poets&Quants has examined the average MBA debt burden at the top 25 U.S. business schools and a handful of others, and come away with two key conclusions: Debt is rising at most schools, and that fact has prompted most schools to stop reporting their student debt burdens altogether.

It’s no secret that thousands of graduate programs at universities all across America leave students with mountains of debt and mediocre incomes. Many master’s students have gotten themselves into debt beyond what their incomes will easily support once they graduate.

But the slim odds of getting into have only fueled the admissions consulting industry. The Poets&Quants profiles over 562 consultants alone, up 13% in just two years.

However, he made a fatal mistake: he underestimated the importance of the MBA interview. He did not prepare well for the interview, thinking that his credentials and achievements would speak for themselves.

I was an amateur applicant. I didn’t sufficiently ask that question. There is no shortage of MBA admissions pages or advice. I hope this one can be helpful and differentiated. At a minimum, in hindsight, here is what I wish I knew: