MBA Student Seeks Help
| Listing Information | |||
|---|---|---|---|
| Amount: | $15,000.00 | Status: | Loan created |
| Grade: | B | DTI: | 17% |
| Lender Rate: | 17% | Borrower: | rdweber |
| Finished | State: | MN | |
| Funded: | 100% | Group: | (No Group) |
| Loan Information | |||||
|---|---|---|---|---|---|
| Loan Status: | Current | Origination Date: | 2008-07-29 | EricsCC ROI: | 15% |
| Status History | |
|---|---|
| Jul 28, 2008 | Current |
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Purpose of loan: I'm currently enrolled in the MBA program at the Carlson School of Management at the University of Minnesota. My employer had been defraying the cost of my tuition, but rapid expansion has led to cost-cutting measures and our tuition-reimbursement program was recently suspended indefinitely.The loan amount I've selected, $15,000, is the approximate out-of-pocket cost of the remaining 3 semesters of my program (net, after low-interest federal student loans). I had a prosper loan in the past and based on that experience, I'm betting that my APR here will be lower than it would be from a personal loan or private education loan. I looked into refinancing my mortgage, but my equity has ebbed a good bit in the current housing crunch. My financial situation: I have excellent credit, and my earnings potential is quite high once my program is complete. I repaid my previous Prosper loan in 10 months, and I anticipate early-paying this loan as well. I'm just looking for the flexibility to pay over time at a varied rate without tying up other sources of credit. (I'm not willing to pay for college with a credit card.) Monthly net income: $ 4500 Monthly expenses: $ 3500 Housing: $ 1300 Insurance: $ 220 Car expenses: $0 Utilities: $ 130 Phone, cable, internet: $ 250 Food, entertainment: $ 600 Clothing, household expenses $ 300 Credit cards and other loans: $ 500 Other expenses: $ 200 |
| Borrower's Other Listings | |||||
|---|---|---|---|---|---|
| 156980 | Consolidating Credit Card debt | D | $20,000 @ 26% | Jun 23, 2007 | Withdrawn |
| 159438 | Consolidating Credit Card debt | D | $10,000 @ 16% | Jul 01, 2007 | Loan created |
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