Going to b-school with family?

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lion147: Senior | Next Rank: 100 Posts; Posts: 66; Joined: Sun Jul 06, 2008 9:14 am; Location: Florida; Thanked: 7 times; GMAT Score:710

by lion147 » Fri Sep 05, 2008 2:54 pm

Is anyone planning to go (or already been) to b-school with their family?

If at a top-20, can you get loans to cover the cost associated with family living with you or are you supposed to have saved room+board for them for 2 years?

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Source: Beat The GMAT — The Application Process | Fri Sep 05, 2008 2:54 pm

VP_MBA_Guru: MBA Admissions Consultant; Posts: 690; Joined: Thu May 01, 2008 12:51 pmFollowed by: 3 members; Thanked: 39 times; GMAT Score:750+

by VP_MBA_Guru » Fri Sep 05, 2008 3:55 pm

Many students attend business school with their spouse and kids in tow. I would contact the school's financial aide office directly for more details information. I dont believe students with families get additional aide, but I could be wrong.

Regards,

NP

Last edited by VP_MBA_Guru on Sun Sep 07, 2008 1:08 pm, edited 1 time in total.

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chris500: Newbie | Next Rank: 10 Posts; Posts: 8; Joined: Mon Sep 01, 2008 7:54 pm

by chris500 » Sat Sep 06, 2008 4:52 pm

I would be interested in hearing thoughts on this also. I am just beginning my GMAT prep and I am seriously considering the possibilities of moving in order to be able to immerse myself in a top tier program. With a house, kids and a wife all firmly planted where they want to be I'm not so sure. I'm sure in the end they would be glad for the move; the thoughts of our income dropping significantly for two years, along with selling or renting our house, changing schools, etc all make it that much tougher of a decision.

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Scottie@VeritasPrep: MBA Admissions Consultant; Posts: 500; Joined: Mon Jul 21, 2008 9:34 amFollowed by: 6 members; Location: Florida; Thanked: 45 times

by Scottie@VeritasPrep » Sat Sep 06, 2008 7:34 pm

Most business schools also have specific "clubs" for MBA student spouses. I would suggest connecting with those groups as well to find out what worked for them. They may provide you with some insights or resources that will be helpful.

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lion147: Senior | Next Rank: 100 Posts; Posts: 66; Joined: Sun Jul 06, 2008 9:14 am; Location: Florida; Thanked: 7 times; GMAT Score:710

by lion147 » Sun Sep 07, 2008 5:04 pm

chris500 wrote:I would be interested in hearing thoughts on this also. I am just beginning my GMAT prep and I am seriously considering the possibilities of moving in order to be able to immerse myself in a top tier program. With a house, kids and a wife all firmly planted where they want to be I'm not so sure. I'm sure in the end they would be glad for the move; the thoughts of our income dropping significantly for two years, along with selling or renting our house, changing schools, etc all make it that much tougher of a decision.

I think you're in a tougher situation than I am, I hope everything works out for you.

I'm going to follow the advice above and ask the "spouses" support group for advice.

The definition of "cost of attendance" seems key, that's what all the loan applications talk about.

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lion147: Senior | Next Rank: 100 Posts; Posts: 66; Joined: Sun Jul 06, 2008 9:14 am; Location: Florida; Thanked: 7 times; GMAT Score:710

by lion147 » Tue Sep 23, 2008 12:07 pm

OK, so after more research I'm still not sure, but Duke Fuqua does give more information: https://www.fuqua.duke.edu/student_resou ... ated_cost/

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