While you are considering which B-School to attend, alongside building your application, you will want to take time and consider which are in your budget and explore various funding options available.
In this blog/article, you will find information pertaining to funding options and tips on choosing a B-School based on your budget.
Various funding options for an MBA abroad:
Funding Options: Scholarships
There are a few different ways to fund your education. One of the most sought-after options would be scholarships as they are given to the student and do not have to be returned – unlike a loan.
Let’s discuss the “kinds” of scholarships available to students.
Merit-based scholarships come in the form of a tuition waiver. Which means you will have anywhere between 10% to 100% of your tuition fees waived. You will still be responsible for any remaining tuition and your cost of living at the University.
As an international student attending college in the US, the cost you incur will be approximately 1.5 to 2.5 times greater than what a local student (from the state the University is in) will incur. This is true for students living in the US and attending a University in another state as well. There is a possibility that you could be offered the lower overall cost that a state resident pays as opposed to a student entering the college from another state or country. This would result in paying a significantly less amount, and is typically referred to as a “Non-Resident Scholarship.”
To be considered for a merit-based scholarship, you are not required to provide any extra papers. You will be automatically considered based on your profile as part of your application process. If you are in the top students applying, approximately the 5% to 10%, you will more than likely receive a scholarship.
Another scholarship to consider is a diversity scholarship. This one is as it sounds, it is based on your unique circumstances. One example would be the scholarship open to https://www.jamboreeindia.com/University-Deadlines
To see a complete schedule of our webinars please visit: https://www.jamboreeindia.com/webinars
Webinar on How to finance your MBA abroad