Investment: I bought a small piece of land in India (home country) and some ETFs with the intention of selling in 2020 (post appreciation - assumption) to clear off the loan as a back-up plan. Saving: I started saving 20-30% of net income each month for B-School living cost from 2013 to 2015. Pre-MBA steps: I began planning for my MBA in June 2013 Here’s how I planned for my MBA and paid off my Prodigy Finance student loan in 3 years. I analysed a couple of scenarios to come up with the above period. My goal at the beginning of my MBA was to pay off my entire MBA loan within a 3-6 year period after graduating. This is about changing your habits and your lifestyle. The behavioural lens, on the other hand, is the harder part. For understanding this, it is crucial that you also need to understand the APR and interest calculations on your loan. For folks who cracked GMAT, they can build a spreadsheet to figure out what their starting salary should be, and a savings rate to pay off the loan in the shortest amount of time. There are two ways of looking at student loan repayment: through a mathematical and behavioural lens. There are only four realistic ways of getting out of debt quickly: Find out what drove me to start-up a company while studying my MBA in this blog. I repaid my entire student loan within 3 years of graduation, and started a fintech backed by Techstars during B-School. I did my full-time MBA at London Business School during 2015-2017 and took out a Prodigy Finance loan for both years, covering tuition only.
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