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  • How To Pay For Your Mba 2015 PDF

    Enviado por

    Daniel B Boy Nkrumah
    23 visualizações15 páginas
    Webinar on "how to pay for your MBA" will be held wednesday, may 19, 2015 at 1 p.m. Et. Commonbond has lent over $150 million to graduate students since launch. There are a number of funding options for your MBA, including, but not limited to, personal savings, scholarships, fellowships.

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    Webinar on "how to pay for your MBA" will be held wednesday, may 19, 2015 at 1 p.m. Et. Commonbond has lent over $150 million to graduate students since launch. There are a number of funding options for your MBA, including, but not limited to, personal savings, scholarships, fellowships.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    23 visualizações15 páginas

    How To Pay For Your Mba 2015 PDF

    Enviado por

    Daniel B Boy Nkrumah
    Webinar on "how to pay for your MBA" will be held wednesday, may 19, 2015 at 1 p.m. Et. Commonbond has lent over $150 million to graduate students since launch. There are a number of funding options for your MBA, including, but not limited to, personal savings, scholarships, fellowships.

    Direitos autorais:

    © All Rights Reserved
    Baixe no formato PDF, TXT ou leia online no Scribd
    Sinalizar o conteúdo como inadequado
    de 15

    How To Pay For Your MBA Webinar

    May19,2015

    CommonBondInc.

    CommonBondInc.Confidential

    Agenda
    1) Introduction

    2) Howmuchdoesbusinessschoolcost?

    3) Whatareyourfundingoptions?

    4) Choosingtherightstudentloan

    5) Nextstepsandkeydeadlines

    CommonBondInc.

    Introduction:WhoisCommonBond?
    FoundedbyWhartonMBAstiredofhighrates,onesizefits
    alloptions,andconfusingprocess

    Focusedexclusivelyonstudentlendingtograduatestudents

    Fundedover$150Minstudentloanssincelaunch

    Asfeaturedin:

    CommonBondInc.

    CostsofBusinessSchool:CostofAttendance
    CostofAttendance(orCOA)issetbyeachschooland
    includestuition,room&board,andcertainfeesforattending
    thatschoolsprogram

    TheCOArepresentsthelegalmaximumamountthatcanbe
    borrowedinstudentloans

    COAcansometimesdifferforstudentsindifferentsituations
    Instateversusoutofstatestudents
    Supportingpartnerorfamily

    CommonBondInc.

    CostsofBusinessSchool:COAComparison

    HBS

    MIT

    Bottomline:Makesureyouknowwhatcostsyourschooldoes
    coverandassessthoseestimatesbasedonyourownsituation
    CommonBondInc.

    CostsofBusinessSchool:TripsandCushion

    Onceinlifetimetravel
    experiences

    Cushion

    Surpriseslikeabroken
    Experientialinternational
    academicprograms
    laptop

    Eventsandvacationswith Traveltoandfromcampus
    soontobeclassmates

    PreMBAtravel,e.g.,
    KWEST:CostaRica,$2,750

    CommonBondInc.

    Otherconsiderations
    SummerandpostMBA
    relocationcosts

    Supportingafamilyor
    partner

    FundingOptions:Overview
    ThereareanumberoffundingoptionstopayforyourMBA,
    including,butnotlimitedto
    Personalsavings
    Scholarships/fellowships
    Companysponsorship
    Federalloans:Perkins,DirectUnsubsidized(Stafford),DirectGrad
    PLUS
    Privateloans
    Familyloans
    Certainretirementaccounts

    CommonBondInc.

    FundingOptions:Whatsrightforyou?
    Theresnorightanswer,highlyspecifictoyourpersonal
    situation

    Considerations:
    Safetynet:howmuchofyouremergencyfundshouldyouspend?
    Cheapvs.expensivedebt:whatratescanyouget?
    Futureplans:areyouplanningtostartabusiness,moveacrossthe
    globe,orbuyahome?
    Expectedfutureincome:doesyourdebtloadandtypemakesense
    givenyourexpectedpostMBAincome?
    Amountborrowed:CanyourestimatedpostMBAsalarysupportyour
    monthlyloanpayments?

    CommonBondInc.

    StudentLoans:TermstoKnow

    InterestRate&APR
    OriginationFees
    Fixedvs.VariableRates
    LoanTerms
    FederalDirectUnsubsidizedLoans(theStaffordloan)
    FederalPLUSLoans
    PrivateLendingOptions
    BorrowerProtections
    Defermentandforbearance
    IncomeBasedRepayment(IBR)
    CommonBridge

    Detaileddefinitionsathttps://commonbond.co/glossary
    CommonBondInc.

    StudentLoans:SampleApplicationProcess

    *LoansaremadebyBankofLakeMillsforCommonBond.NeitherCommonBondnortheBankofLakeMills
    isaffiliatedwiththeschoolyouattendedorareattending.BankofLakeMillsisaMember,FDIC.

    CommonBondInc.

    FundingOptions:StudentLoanOverview
    10Year

    Paylessinterestover
    thelifeoftheloan

    15Year

    Paylesseachmonth
    6.85%

    6.40%

    + / - $192

    MonthlyPayment:$904
    TotalInterestPaid:$28,518

    CommonBondInc.

    + / - $19,708

    MonthlyPayment:$712
    TotalInterestPaid:$48,227

    *Assumingan$80,000loanbalance

    Choosingthebeststudentloanoption

    Whatloanfeaturesare
    importanttoyou?
    Deferment
    Forbearance
    Employmentprotection
    CommonBridge

    Noprepaymentpenalty

    CommonBondInc.

    Whatsmostimportanttoyouin
    astudentloanprovider?
    Interestrates
    Customerservice
    Easeofprocess
    Reputation
    Network/community

    FinancialAidTimeline
    May

    June

    July

    August

    September

    Federalrates
    aresetbythe
    10yearnote
    auction
    SchoolsreleasetheirCOAs
    FileyourFAFSAassoonasrates
    andCOAsarereleased
    Submitallschoolspecific
    financialaidapplicationsby
    theirspecifieddeadlines
    Schoolsdisbursestudentloans
    CommonBondInc.

    Resources

    StudentLoanCalculator
    https://commonbond.co/
    mbastudentloancalculator

    CommonBondInc.

    Questions?
    Ifyouhaveanyquestionsaboutstudentloans,donthesitateto
    reachouttoouramazingCareTeam:
    care@commonbond.co
    8009757812

    CommonBondInc.

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