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Running Loans and Eligibilty for Scholarhsips

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somnathbabu Newbie | Next Rank: 10 Posts
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Running Loans and Eligibilty for Scholarhsips

Post Thu Jan 28, 2016 6:47 am
Hello,

I am on a home loan and would like to pursue a full time MBA, which is when my wife shall be paying the loan installments. My questions :

1. Can a running loan be a deterrent to my eligibility for a scholarship ?
2. Can the running loan convince the admissions offices to reduce my scholarship (they might perceive this loan as a financial strength and infer that I am in lesser need of monetary support)?
3. What are the factors they consider for granting a scholarship ?

Please help. Thanks a lot.

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Alexbr@ClearAdmit Master | Next Rank: 500 Posts Default Avatar
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Post Thu Jan 28, 2016 11:40 pm
there are two types of scholarship, merit-based, and needs-based. For the former, any loan should not matter. For the latter, sorry, but I am not an expert in terms of how schools calculate need and whether a loan / mortgage impacts that. cheers, alex

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