Yes, thank you! Full-time would have be nice but I come from a low-income family and am the main support system for them, so I wouldn’t be able to afford losing out on income for the time-being. It’s still expensive, but I’m hoping the payoff will be worth it if I just budget well for the next few years.
Is it worth getting a M7 Part-Time MBA in the current economy, relying solely on myself for funding?
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Your situation is difficult to assess because you do have dependents even though single.
Furthermore, your work as a federal government contractor is uncertain due, in large part, to the change in administration (as you noted in your thread starting post).
How much of the $130,000 in tuition & fees do you anticipate will be funded by loans ?
Are you prepared for the possibility of losing your current position due to a change in government policies and priorities ? (Just today, I received notice of two groups of attorneys working for the federal government throughout the country who will be affected immediately by the new administration’s policies.)
If you were not the main support for your family, then financing your education through student loans would carry less risk thereby making the answer easier.
Depends upon how much you anticipate borrowing to fund your education.
On the other hand, placement at your MBA program is outstanding, but the discount of roughly 19% may not be enough.
You bring up a lot of valid points as to why I’m feeling very wary about all of this.
I’ll most likely take up $10K in loans in each year, bringing it to $40-$50K in loans by the end of my degree. If I’m able to receive tuition reimbursement (assuming I’m employed by the same company all throughout my time in school), I would be paying for about one class out of pocket each year.
Yeah, losing my position because of Trump’s policies is a huge fear. There’s a lot of unknowns going on, and even the forcing of federal workers to be in person puts me at risk since I’m remote. For the time being, I have no idea what will happen so I am taking it day by day.
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$50,000 in student loan debt for your program should not be much of a burden as your MBA program is the leader in job placement among the M-7.
Expect tuition increases during the next 4 years which will impact your estimated costs of attendance.
Unfortunately, as a remote worker for a federal contractor, your job may be at risk. Update your resume. The alternative, of course, would be to take the maximum course load to shorten your path to earning an MBA degree to one year instead of four years. If you take out a grad plus loan (at 9.08% interest currently), your loan repayments will be deferred if attending at least “half-time” plus 6 months after graduation. While this makes funding your MBA program possible, it leaves you and your family without income for a full year.
FWIW With respect to employment placement, your program has led the M-7 group of MBA programs over the past few years.
I PMed you a link that should make you pleased with your choice of MBA program.
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