08-30-2011, 01:23 PM
I didn't look into any scholarships at all for the MBA. With a transcript full of CLEP and DSST's, I am not sure what any of us would be eligible for. Of course it absolutely doesn't hurt to look!
If you don't find anything and you're only going to spend between 5-10k on the masters, you may want to just get a temporary second job and save 100% of what you make if you can't squirrel away money from your current job.
This sounds pretty obvious, and I'm sure you've considered it already, but have you gone through your basic expenses and eliminated everything? DH and I are both studying and we're actually going to drop our DirecTv in a couple months when our contract is up. We don't have time to watch TV anymore and everything we watch is available online anyhow.. it's not a huge savings, but it's 100 bucks or so a month. Cutting things like eating out, cell phone extras, and even the amount of electricity we use has meant big $$ savings. We went solar back in January and now pay next to nothing on our energy bill.
...Anyhow, I know I'm totally not answering your question, just bringing up some ideas. Overall if you can't pick up extra work and you've already cut back on expenses as much as you're able, you may want to evaluate your ROI on the graduate program. If the investment is truly worthwhile, and you can't come up with the money through savings or scholarships, you may seriously want to consider a loan. If you don't anticipate a great ROI for the MBA and just want to do it for fun, you might want to re-consider and hold off for a year or two while you save the money you need.
If you don't find anything and you're only going to spend between 5-10k on the masters, you may want to just get a temporary second job and save 100% of what you make if you can't squirrel away money from your current job.
This sounds pretty obvious, and I'm sure you've considered it already, but have you gone through your basic expenses and eliminated everything? DH and I are both studying and we're actually going to drop our DirecTv in a couple months when our contract is up. We don't have time to watch TV anymore and everything we watch is available online anyhow.. it's not a huge savings, but it's 100 bucks or so a month. Cutting things like eating out, cell phone extras, and even the amount of electricity we use has meant big $$ savings. We went solar back in January and now pay next to nothing on our energy bill.
...Anyhow, I know I'm totally not answering your question, just bringing up some ideas. Overall if you can't pick up extra work and you've already cut back on expenses as much as you're able, you may want to evaluate your ROI on the graduate program. If the investment is truly worthwhile, and you can't come up with the money through savings or scholarships, you may seriously want to consider a loan. If you don't anticipate a great ROI for the MBA and just want to do it for fun, you might want to re-consider and hold off for a year or two while you save the money you need.
Regis University, ITESO, Global MBA with a focus in Emerging Markets 4.0 GPA, Dual-university degree (Spanish/English)
ISSA Certified Nutritionist
COSC BS, Business Admin
My BS Credits:
Spanish 80 | Humanities 67 | A & I Lit 72 | Sub Abuse 452 | Bus Ethics 445 | Tech Writ 62 | Math 53 | HTYH 454 | Am. Govt 65 | Env & Humanity 64 | Marketing 65 | Micro 61| Mgmt 63| Org Behavior 65| MIS 446|Computing 432 | BL II 61 | M&B 50 | Finance 411 | Supervision 437| Intro Bus. 439| Law Enforcement 63| SL: Accounting I B | Accounting II C+| Macro A | ECE: Labor Relations A | Capstone: A| FEMA PDS Cert
ISSA Certified Nutritionist
COSC BS, Business Admin
My BS Credits:
Spanish 80 | Humanities 67 | A & I Lit 72 | Sub Abuse 452 | Bus Ethics 445 | Tech Writ 62 | Math 53 | HTYH 454 | Am. Govt 65 | Env & Humanity 64 | Marketing 65 | Micro 61| Mgmt 63| Org Behavior 65| MIS 446|Computing 432 | BL II 61 | M&B 50 | Finance 411 | Supervision 437| Intro Bus. 439| Law Enforcement 63| SL: Accounting I B | Accounting II C+| Macro A | ECE: Labor Relations A | Capstone: A| FEMA PDS Cert
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