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on
SillyMuffin
SillyMuffin
27mo
by
Stealth

Thoughts on Financing an MBA

Hey folks! Wanted to know your thoughts on how I should think about paying for my MBA?

Options -

  1. Take a loan for the entire amount
  2. Use my savings & Loan for remaining amount

Some points here

  1. By savings here, I mean investments (Stocks, MF), which I would have to liquidate
  2. Loan available for ~8.5%
Take a loan for the entire amount
Use my savings + Loan for remaining amount
43 votesexpired
27mo ago
SwirlyTaco
SwirlyTaco
Stealth
27mo

Loan. Education loans are cheapest and have good repayment moratoriums.

Don't liquidate investments - let them compound.

SillyMuffin
SillyMuffin
Stealth
27mo

Thoughts on loan tenure? Longer the better?

SwirlyTaco
SwirlyTaco
Stealth
27mo

Doesn't matter much tbh. Depending on the quantum min 3 max 5.

FluffyPickle
FluffyPickle
Stealth
27mo

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
PrancingNugget
Stealth
27mo

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

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