10 MBA Programs Where Graduates Have the Most Debt

MBA News Digest
10 MBA Programs Where Graduates Have the Most Debt

4/26/16 The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: CollegeThe Short List: Grad School and The Short List: Online Programs to find data that matter to you in your college or grad school search.

Few bills compare with the payments often required for student loans. Second only to mortgages for consumer debt, student loan debt is collectively more than $1.2 trillion for the 41 million Americans who owe, according to the Consumer Financial Protection Bureau.

MBA students often borrow to pay for business school, and for some graduates, how much they owe can reach or exceed six figures.

Read more via: http://www.usnews.com/education/best-graduate-schools/the-short-list-grad-school/articles/2016-04-26/10-mba-programs-where-graduates-leave-with-the-most-debt

Business backs business schools with big donations

4/17/16 Australian Graduate School of Management director Julie Cogin says the $1 million donation that will establish the school’s new MBA scholarship will be a game changer.

The donation, from corporate advisory firm Luminis Partners, will fund a full-time MBA program at no cost for each year’s scholarship winner with sufficient funds to continue the award for 11 years.

A key feature of the Luminis AGSM Wharton Business Innovation Scholarship will be an exchange to study at the University of Pennsylvania’s Wharton School for part of the MBA program.

The scholarship includes the option of staying longer to do an internship in the US, although this is dependent on the student being able to obtain the required visa. The scholarship includes airfares and a living stipend for the period spent in the US.

Luminis Partners has an association with both universities because Luminis’ Ron Malek is a graduate of UNSW while Luminis’ Simon Mordant is a Wharton graduate. The scholarship is the first initiative of the new Luminis Foundation.

Professor Cogin said donation was “game-changing” for AGSM, which is part of the UNSW Business School.

“We don’t do as well in Australia with philanthropy as other business schools we compete with,” she said.

Read more via: http://www.afr.com/leadership/management/business-education/business-backs-business-schools-with-big-donations-20160413-go5tsf

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