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How to Pay for an MBA

Business school is a costly investment. Here are some tips on how to make it more manageable

Lindsey Aponte, a first-year student at the University of North Carolina at Chapel Hill's Kenan-Flagler Business School, made all the right moves when it came to preparing her finances before entering the MBA program.

She already kept a household budget, which she scanned to see what she could trim and how the cost of living in the Kenan-Flagler neighborhood compared to her residence just outside of Philadelphia. Then, she sought the appropriate loans to pay for what she could not handle herself. The hope, says Aponte, is that after graduation she'll get a job, which will pay more than the one she had before school.