
SillyMuffin
Thoughts on Financing an MBA
Hey folks! Wanted to know your thoughts on how I should think about paying for my MBA?
Options -
- Take a loan for the entire amount
- Use my savings & Loan for remaining amount
Some points here
- By savings here, I mean investments (Stocks, MF), which I would have to liquidate
- Loan available for ~8.5%
Take a loan for the entire amount
Use my savings + Loan for remaining amount
43 votesexpired
13mo ago

FluffyCupcake
Amazon13mo
You will get IT rebate (if working in India post MBA) on interest payments, keep your money parked in bull run😛
P.S. - just a real life example, I finished my MBA loan after 5 years (planned to repay in 8 years) of MBA and made 80+% returns on investments. Had a repaid my loans earlier, returns would have been impacted significantly.

FluffyPickle
Stealth13mo
Take a loan upfront, just keep paying the interest from first month so it doesn’t get compounded ..
I learnt this from my mistake ..
let your MBA get over then also start paying for your principal plus interest

PrancingNugget
Stealth13mo
Loan @ 8.5% is quite impressive. I remember they gave me @ 11.25% for my UG course.
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