EAD does not qualify you for a fed student loan..or any student loan..Sallie mae, chase, BOA or Citi... hence you will have to go for a private student loan..and as far as i know.. there are no pvt. student loans..market is in a freeze.. i am midway in my PT program and had to take this sem off..as i could not get any student loans.
so ppl.. who are planning of doing MBA..
a.) unless and until u do full time and you have some kind of funding.. u wll be burning ur cash reserves ...an MBA is good.. but be careful before u quit H1...
b.) Also..if you are doing FT.. then u will have to change ur status..to F1? hai na??
and if you have applied for 140... u have shown the intent to immigrate..so switching to F1 (non-immigrant visa) can be iffy..
c.) what i dont know is..can you quit ur job and go back to school on EAD?
Originally Posted by kumar1
MBA might not be the solution of your issues. Please consider these points before going back to school.
Education cost ~ 60k to 80k, sometimes 100k
2 years of wage loss - 150k to 200k depending upon your current salary
2 years of living expenses ~ 60k if you live like a student.
total cost ~ 250k - 300k...yes, Three Hundred Thousand Dollars.
How many years would it take for you to earn it back? Also, after your degree you would realize that 90% of the tier one companies would filter you based on your "NON PERMANENT RESIDENT ALIEN" status. So you would end up with tier2/tier3 company.....might end up doing the same old Java/C++ under a different title making 5k/year more.
My 2 cents.