<p>Erin’s Dad… that’s not true either. </p>
<p>Columbia is need-aware for internationals. m7 applied to at least Columbia.</p>
<p>Ack. Forgot about the international twist.</p>
<p>m7…</p>
<p>consider it a blessing that you weren’t accepted because you took large loans. </p>
<p>Why do these students all think that a degree from an ivy means a ticket to a super high income? It doesn’t. </p>
<p>And the few careers on Wall Street or wherever that do command a high entry salary are very hard to get even with great credentials. All the finance grads from elites are not walking into 6 figure salaries. (and what if you don’t survive in that major??)</p>
<p>Because it’s the American dream. Don’t you know that all Americans can make 6 figure salaries and live in McMansions because of our great universities? </p>
<p>I really do have a lot of friends abroad who think this. I don’t get it.</p>
<p>I think the bigger shocks will be finding out how much they have to pay in taxes as single people…and how much they’ll be paying in rent in the locations that pay those big salaries.</p>
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<p>Would not you expect a person who is interested in majoring in finance to actually ask themselves these questions before applying for loans?</p>
<p>Sweden94,
you say you’re not a “strong applicant.” What do you mean by that- what are your grades, test scores, etc. Your list includes some of the most competitive schools in the US, some with acceptance rates in the single digits. It’s even harder for internationals to be accepted, so your odds are probably not good whether or not you apply for financial aid.</p>
<p>What kind of program in Sweden provides loans of $200K to go to school abroad?</p>
<p>As others have pointed out, there is no guarantee of a 6 figure income immediately after graduation. Taking on that kind of debt is extremely risky and payback will not be as easy as you think.</p>
<p>Are there investment bankers in Sweden? Surely some of them must have gone to school somewhere besides the US.</p>
<p>When I said I didn’t consider myself a strong applicant I meant that I’m not in the absolute top of the students applying to these schools, I still have top grades and test scores and good EC’s but nothing super extraordinary when compared to other applicants. </p>
<p>The loans are simply government funded student loans and the limit depends on how much it will cost to actually study which means it’s different from country to country and school to school. Based on the costs in the US the limit would be somewhere around 160 to 180k.</p>
<p>And yes there are investment bankers in Sweden but the work is quite different from what is done in London and NY which is why I would rather not work in Sweden.</p>
<p>OMG why would you want to leave Sweden??? That’s like the best country in the world haha I would LOVE to live there. Can we do a swap? I’ll happily trade my green card :)</p>
<p>Sorry, I just had to say that. I love Sweden :)</p>
<p>You are also assuming that you will GET a job as a well-paid investment banker after college, and that you will not a. change majors or interests, b. perform poorly in a few your classes. Even if you do very well, you will be competing with thousands of other students for a small amount of investment banking jobs on Wall Street, and the majority of those students will not need visa sponsorship.</p>
<p>And yes there are investment bankers in Sweden but the work is quite different from what is done in London and NY which is why I would rather not work in Sweden.</p>
<p>How could you possibly know this as a high school student?</p>
<p>Can you not get your BA in Sweden, work in Europe for a few years and then get an MBA at a U.S. business school?</p>