Thursday, May 11, 2006

Show me the money!

It's official. I have sufficient funds to attend London Business School! I just checked the Sallie Mae website and my loans have been approved, both Stafford and MBA Private loans. It's weird, because the debt load doesn't scare me at all. These are some large figures, at less than generous interest rates, but I couldn't care less. Is it because I know (??) that I'll get a great job post-MBA and be able to service this debt effectively? Not entirely. Although I of course want to believe this (and do), the reason for my relative nonchalance stems from my strong belief that this is the right move for me. I've wanted an experience like this for so long that I'd be willing to donate my first born to have it.

I created a budget for the next year (starting August) with cash inflow and outflow forecasts based on the dates of my loan disbursements, tuition payments and estimated monthly expenses. I can definitely make it work on loans (without tapping into savings) as long as the dollar doesn't continue it's slide. I used a $1.8 to £1.0 exchange rate, which I 'm hoping is fairly accurate. Who am I kidding? I'll probably spend twice as much as I allocated for each expense. Travel costs could be huge, because I plan on taking full advantage of London's access to the world.

On to another LBS topic (am I going to have to learn to always say London Business School?), Admits Weekend is a week away! I'm taking the red-eye from Boston on Tuesday night. That gives me Wednesday and Thursday to get my clock adjusted. I think I'm attending an unbelievable concert on one of the nights, but I won't say which one because I don't have my tickets quite yet and I DO NOT welcome competition in scoring a pair. Friday night is a large group dinner in Soho where I will have the privilege of meeting the Divine Miss N (and hopefully some other LBS bloggers). Saturday is the formal day of meetings and presentations, although I have to bail at around 4pm to catch a ride to the airport. Wow, it's really happening. Less than two months of work left...

3 Comments:

At 1:53 PM, Blogger divinemissN said...

Can't wait to meet you! Drop me a line if you're in the neighbourhood before Fri evening and wanna have a cuppa :-)

 
At 10:49 AM, Blogger Patxi said...

I am so envious! Boston is so much closer than San Francisco to London. I would love to be at admits weekend, but I have plenty to do before I quit the Bay Area in a Month.

In any case, have lots of fun, enjoy your concert, enjoy meeting in person other mba bloggers and see you around.

Patxi

 
At 6:06 AM, Blogger ellen said...

Hello!!!

I am sorry to reply just now. Unfortunately, I won't be able to attend the Admits Weekend. I wanted to, but work's keeping me here in Manila!! I'll look forward to your post on the Admits Weekend! :)

Ellen

 

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