I managed to get accepted in the UCLA Anderson School of Management. Since I applied in the third round I think thats quite an achievement. Of course, applying so late virtually guarantees no funding or fellowships. This kind of sucks since I did get a 740 on my GMAT which typically helps in getting MBA fellowships (unless you’re going to the top 5 schools). But on the other hand UCLA is ranked #12 for the full-time MBA program.
I was looking forward to not having any student loans when I graduate, especially after receiving a fellowship from UCSD. But UCLA’s program is much more highly ranked so the question is whether its worth spending the extra $60,000.
Of course, if we go through a period of hyperinflation (which I think we’re already in the beginning stages of) then in 10 years, $60,000 might only seem like $10,000! In which case, going to even the most expensive school will look like a good investment in hindsight.
In the worst case, I’ll take out a tax-deductible student loan to cover the costs of my education. Well actually thats not the worst-case scenario. Having to sell off my investments and gold & silver coin collection would be the worst case! But I’m hoping the passive income generated by my investments will help provide me with living expenses for the duration of the MBA program. Or maybe someone will buy my blog for $50,000! 😉