Does a persons loan change significantly from one year to the next?
No. We do consider that in the second year, they might be a little more needy. So they may get a little more funding in the second year. But generally, it tends to be a similar package, unless someone wins the lottery. We ask the students at the end of their first year to give us a breakdown of how they have financed their [last academic] year at Tuck. Then we compare the information from the previous year and put together a budget that we feel is appropriate. Q: Does the money that MBAs make over the summer as interns get factored into their financial aid in the second year? A: Yes. We have a packet that first-year students fill out before they leave for the summer, and they tell us where they’re working, what their rent will be, salary, things like that. Some end up working for a non-profit and can’t save anything. Some have minimal savings, and go to New York [for the summer]. A sublet in New York is expensive. Usually around Aug. 1, they find out what their financial aid will be fo
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