The Olin School doesn have an internal office that oversees private, need-based funds?
We can do private need-based funding, but we don’t need to assess [a student’s finances] to that degree. The Olin School does have a separate loan fund that we can use to supplement, if necessary, the government program. But we generally try to keep it within the realm of the federal government’s assessment. We sometimes can work out arrangements when there is a special need. Let’s say a student has a need for funding for educationally related travel or for the purchase of equipment that’s related to their education, whether it’s computers or whatever it might be…. We can usually help supplement that. There’s not a ton of those cases though. On an annual basis, I’d say a half dozen or a dozen students come forward that we can help out. Many more MBA students end up taking out loans than earning merit-based fellowship. How many people at Olin go to the bank to negotiate loan terms? (Editor’s note: A 1998 Olin grad walked away with an average of $32,878 in loans.) You’re right. The vas
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- The Olin School doesn have an internal office that oversees private, need-based funds?
