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US MBA Loan and Re-Payment->Worth It? A Discussion

  • Discussion in GMAT
  • Created by @iday on 08 Jan '07
nmmbaabroad
Man nish @nmmbaabroad 20
Posted 31 Jan '12
Yes, If you return to the US on a Student Visa (F1) then your earlier H1 B would eventually become invalid. Hence, you need to go for a new H1B for your post MBA employment in the US. On your second question, I am not sure if there are any disadvantages. As you have worked in the US before and ar...
Yes, If you return to the US on a Student Visa (F1) then your earlier H1 B would eventually become invalid. Hence, you need to go for a new H1B for your post MBA employment in the US. On your second question, I am not sure if there are any disadvantages. As you have worked in the US before and are exposed to their work culture, you may have a slight edge on others (no US experience) with skill sets.

So if i return to India, i would have to apply for H1B again to be able to work there, right?
Also, does applying for H1B for the 2nd time have any particular advantage or disadvantage? Thank you
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RohanC
Rohan Chavan @RohanC 59
Posted 31 Jan '12
> nmmbaabroad Says > > Based on your plan, If you come back to Indian in Year 2 and stay in India (out of US) for a year, then the clock is reset. That means, Year 5 will be treated as the starting year for the new H1B you are going to get after your MBA. So if i return to India, i wou...
nmmbaabroad Says
Based on your plan, If you come back to Indian in Year 2 and stay in India (out of US) for a year, then the clock is reset. That means, Year 5 will be treated as the starting year for the new H1B you are going to get after your MBA.



So if i return to India, i would have to apply for H1B again to be able to work there, right?
Also, does applying for H1B for the 2nd time have any particular advantage or disadvantage? Thank you
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nmmbaabroad
Man nish @nmmbaabroad 20
Posted 30 Jan '12
Based on your plan, If you come back to Indian in Year 2 and stay in India (out of US) for a year, then the clock is reset. That means, Year 5 will be treated as the starting year for the new H1B you are going to get after your MBA. > After getting an H1B this year, I have a set plan f...
Based on your plan, If you come back to Indian in Year 2 and stay in India (out of US) for a year, then the clock is reset. That means, Year 5 will be treated as the starting year for the new H1B you are going to get after your MBA.


After getting an H1B this year, I have a set plan for the next 7 years(if all goes according to plan)
Year 1 - Work for my company in the US
Year 2 - Back to India & work for a yr more
Year 3,4 - MBA in the US
Year 5,6,7 - Work in the US to repay my loan.

Query: H1B is valid for a max of 6 years. I think we need to return to India before applying for H1B again. How to do i manage to work in the US in the 7th year without having to return back to India for a yr? Kindly help. Thank you.
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RohanC
Rohan Chavan @RohanC 59
Posted 30 Jan '12
After getting an H1B this year, I have a set plan for the next 7 years(if all goes according to plan) Year 1 - Work for my company in the US Year 2 - Back to India & work for a yr more Year 3,4 - MBA in the US Year 5,6,*7* \- Work in the US to repay my loan. *Query*: H1B is valid for...
After getting an H1B this year, I have a set plan for the next 7 years(if all goes according to plan)
Year 1 - Work for my company in the US
Year 2 - Back to India & work for a yr more
Year 3,4 - MBA in the US
Year 5,6,7 - Work in the US to repay my loan.

Query: H1B is valid for a max of 6 years. I think we need to return to India before applying for H1B again. How to do i manage to work in the US in the 7th year without having to return back to India for a yr? Kindly help. Thank you.
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appy_fiz
@appy_fiz 48
Posted 27 Dec '11
> I can help all i can :: Looking at this link that you posted The High Price of Admission The Years to payback has been calculated as Total Cost/ Salary premium .... Hope it helps! nice explanation
I can help all i can

Looking at this link that you posted The High Price of Admission

The Years to payback has been calculated as Total Cost/ Salary premium

....

Hope it helps!





nice explanation
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CheckEETS
Vivek Bharadwaj @CheckEETS 982
Posted 15 Nov '11
> ITs a US mba loan topic but still --I dropped the idea of joining HKUST inspite of 100 % scholarship(though chances are high that i might join it next year after collecting some good amount of money) I really want to be back in india asap and thats the priority for me!! Any reason f...
ITs a US mba loan topic but still --I dropped the idea of joining HKUST inspite of 100 % scholarship(though chances are high that i might join it next year after collecting some good amount of money)

I really want to be back in india asap and thats the priority for me!!


Any reason for not looking at Indian MBAs? there are some top notch ones right here as well...
  • 1 Like  
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HemantKumarWins
@HemantKumarWins 22
Posted 12 Nov '11
what is the credibility of this company??? Has some one taken a loan??? Seniors help pls......... http://www.isloan.org/
what is the credibility of this company???
Has some one taken a loan???
Seniors help pls.........

http://www.isloan.org/
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mba-help
MBA Decoder @mba-help 1.0 k
Posted 30 Oct '11
> Hi, Can anyone tell me what would be the total cost for doing an MBA in US from top20 universities...? I referred to different websites but each one is giving different estimates. bs0409, each b-school would have certain fixed and variable component that would determine the cost of y...
Hi,

Can anyone tell me what would be the total cost for doing an MBA in US from top20 universities...?
I referred to different websites but each one is giving different estimates.

bs0409, each b-school would have certain fixed and variable component that would determine the cost of your MBA.
For example, the fixed components would include the tuition fees (which is the major chunk), health insurance, fees for books & course materials. The variable component would be your living, eating, personal excursions and other life-maintainence expenditures (including studying with family)- which will depend on your lifestyle.
Other than this you would be paying for any field trips/ career treks etc
The best place to get this data would be from the websites of your target schools. In general you can expect the cost of an MBA from the top 20 programs to work out around $150,000 - $160,000.

MBA Decoder
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ashu1
@ashu1
Posted 04 Aug '11
myself ashish from India , from a middleclass family taking a loan and thought to do mba in usa ,i have few questions is mba from average university in usa is worth to be taken as loan to pay tuition fees or there is hamburger of universities like scene in India and one cant pay loan so easily...
myself ashish from India , from a middleclass family taking a loan and thought to do mba in usa ,i have few questions
is mba from average university in usa is worth to be taken as loan to pay tuition fees or there is hamburger of universities like scene in India and one cant pay loan so easily
in order to pay loan i have to remain in usa for long time ,and to stay in usa i have to file h1b during opt status ,what are chances of this narration as of international student previous experience in this regard
IS only top ranking 15 business school in usa fruitful in my case ,if yes their 2years tuition fee is around 100 k but i donot have that money and i have to take loan do they provide loan for international student?
is scholar ship available .please comment
my email id is
my phone is
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bs0409
Arijit Debnath @bs0409 4.4 k
Posted 29 Jul '11
Hi, Can anyone tell me what would be the total cost for doing an MBA in US from top20 universities...? I referred to different websites but each one is giving different estimates.
Hi,

Can anyone tell me what would be the total cost for doing an MBA in US from top20 universities...?
I referred to different websites but each one is giving different estimates.
Commenting on this post has been disabled.
thepagligal
@thepagligal
Posted 27 Jul '11
ITs a US mba loan topic but still --I dropped the idea of joining HKUST inspite of 100 % scholarship(though chances are high that i might join it next year after collecting some good amount of money) I really want to be back in india asap and thats the priority for me!!
ITs a US mba loan topic but still --I dropped the idea of joining HKUST inspite of 100 % scholarship(though chances are high that i might join it next year after collecting some good amount of money)

I really want to be back in india asap and thats the priority for me!!
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RadhikaCh
@RadhikaCh
Posted 01 Jul '11
I also heard of Paras. How quick and reliable are they in processing loan applications?? Any idea?
I also heard of Paras. How quick and reliable are they in processing loan applications?? Any idea?
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MountainKing
Mountain king @MountainKing 13
Posted 23 May '11
In this context does anybody have any idea about 1) How long it takes to get Canadian citizenship? 2) How long the US GC queue is for Canadian citizens?
In this context does anybody have any idea about
1) How long it takes to get Canadian citizenship?
2) How long the US GC queue is for Canadian citizens?
  • 1 Like  
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Neo2000
Ryan P @Neo2000 6.8 k
Posted 16 Apr '11
> Hi Folks Anyone having any idea on the following: Duration of OPT in US post MBA? Is it 14 months ? Also anyone who completes an MBA from US gets to stay in US during OPT irrespective of whether they get a job or not ? OPT period is 12months. You are allowed 90days of unemployment in...
Hi Folks
Anyone having any idea on the following:
Duration of OPT in US post MBA? Is it 14 months ? Also anyone who completes an MBA from US gets to stay in US during OPT irrespective of whether they get a job or not ?


OPT period is 12months. You are allowed 90days of unemployment in the OPT period before you have to leave the country. However, if you are working in even a non-paying job, then the 90day rule is put on hold. Most students, when still searching for a job, volunteer at some kind of organization and thus keep away the 90day limitation.
  • 6 Likes  
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VanditaRazdan
Vandita Razdan @VanditaRazdan 7
Posted 16 Apr '11
Hi Folks Anyone having any idea on the following: Duration of OPT in US post MBA? Is it 14 months ? Also anyone who completes an MBA from US gets to stay in US during OPT irrespective of whether they get a job or not ?
Hi Folks
Anyone having any idea on the following:
Duration of OPT in US post MBA? Is it 14 months ? Also anyone who completes an MBA from US gets to stay in US during OPT irrespective of whether they get a job or not ?
Commenting on this post has been disabled.