The Financial Implications of MBA Loans

The Financial Implications of MBA Loans

Though they can be a great way to finance your education, loans must eventually be paid back. Over time, interest accumulates and by the time you get your degree you will be paying back much more than you originally borrowed. Make sure that you figure out what the total cost of borrowing is before you sign on the dotted line. You should also honestly evaluate the repayment schedule and determine whether or not you will be able to comply with this schedule after graduation. Finding a Lender When applying for MBA loans it’s important to be an informed borrower. Make sure that your lender is reputable and familiar with student loans. I recommend beginning your search by visiting these two sites: http://www.staffordloan.com/ http://www.salliemae.com/mbaloans