Have an Answer?
B-school can easily cost $120K plus the opportunity cost of two years lost wages.
A couple of things to consider:
Some employers will pay for business school (usually on a part time basis). Some high-end schools have night and weekend programs. In my area, Berkeley has a part time program that is great. Making money at a job, having real-world experience _and_ getting your school paid for is a pretty great formula!
- Work during school. Especially attractive is if you can get a job at your school that reduces tuition - this means no taxes on those earnings. And, your work can be good fodder for b-school cases.
- Calculate in advance the monthly cost of the loans you might take out. (If you're going to b-school, you should know how to do this!) I promise you it will encourage you to borrow less.
I recommend doing a part time program if possible. Often time employers will pay for part of your degree. This will save you a lot of money!
Financing as far as what? Your loans or a Savings plan?