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Ask These 3 Questions as a Female MBA Applicant

For decades, women have been leaders in the classroom as teachers, but more recently they’re forging the way as students.

They are soaring past men when it comes to college enrollment, according to a 2014 report from the Pew Research Center. Women are also filling up more seats than men in graduate degree programs, such as public administration and health sciences, according to the nonprofit research organization American Enterprise Institute.

One area where they’re faltering, though, is business school. Among 338 North American schools reporting data in a recent study for the Association to Advance Collegiate Schools of Business, only 38 percent of students in full-time MBA programs were women. Specialized master’s programs, however, are usually more evenly split.

[Find out which MBA programs have the highest percentages of women in attendance.]

“We have a long way to go,” says Jo Mackness, chief strategy and operation officer and senior assistant dean at the University of California–Berkeley’s Haas School of Business. She was one of several school leaders who attended an August summit held by the White House on getting more women to become business leaders and enroll in business school.

Many schools have clubs and events to engage female students and applicants and to make sure business school faculty also have gender diversity.

Prospective female students who want to make sure schools they are considering are committed to helping women become business leaders can ask the following questions.

1. Can I talk to current students? It’s common for admissions staff to connect applicants with current students, but ideally this pairing is carefully done, says Gene Anderson, dean of the business school at University of Miami, who also attended the White House summit. Applicants and the admissions office should discuss the applicant’s interests, career goals and what type of student they want to speak with.

[Strengthen b-school applications by participating in diversity events.]

“It’s important for — really for anybody coming from any background — but I think particularly for women, underrepresented minorities and international students to get matched up with people who really kind of understand things from their point of view,” he says.

If a female applicant is interested in finance, for example, and wants to speak with a female student on this track, it’s a bad sign if a school struggles to find an MBA candidate who fits that description, Anderson says.

2. What proportion of the club leadership positions are held by women? White House summit attendee Soumitra Dutta, dean of the Johnson Graduate School of Management at Cornell University, encourages female applicants to speak with school alumni to learn about how women are treated in student groups.

“The role of women in the club leadership positions is a very good indicator of the role of women overall in the school as a whole,” he says. “Most of these leadership roles are based on peer decisions.”

[Learn how business school can help women refine their leadership skills.]

When women are in these positions, it shows that they feel comfortable enough to lead in that school’s environment, and that students support the idea of women managing student groups, he says.

Applicants should also ask about how many women are in senior leadership positions for the school, says Joyce Russell, vice dean at University of Maryland’s Smith School of Business, who was also a part of the summit.

“People follow role models,” she says. Smith has pledged to make women 50 percent of its MBA students women by 2020. If women students and applicants don’t have role models, she says, “it’s very difficult for them to say, ‘Well, this school understands my issues,'” Russell says.

3. Are you comfortable raising your hand? Some schools have put a new spin on classroom discussions to make sure women feel comfortable sharing their opinions. At Haas, a student might take a class that has a 10-second rule, says Mackness. Once the teacher asks a question, students must wait 10 seconds before raising their hand to answer.

“Women were taking more time to think about their answer, and therefore taking longer to raise their hand,” she says.

Haas’ commitment to gender diversity is one reason Ryann Kopacka decided to attend. She is a part of the school’s Gender Equity Initiative and put together a survey to evaluate the school’s social programming.

The initiative aims to make programs “not only more inclusive to gender, but also more inclusive for families or different races, different sexual orientation,” says Kopacka, who graduates next year.

Before business school, Kopacka, who has an engineering background and worked in consulting, was used to being the only woman in the room. She liked that Haas offered classes such as “The Business Case for Investing in Women in Business.”

In her previous degree programs, “I rarely spoke in class,” she says. But classes such as this one helped her find her voice. “I felt more comfortable sharing my opinions, and I think it’s because I felt like I had a support system of women visibly in the room.”

Searching for a business school? Get our complete rankings of Best Business Schools.

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Ask These 3 Questions as a Female MBA Applicant originally appeared on usnews.com

Don’t Settle for Student Loans to Pay for Online Education

Online college programs are becoming a more popular choice for prospective students, with one study finding that more than 6 million students enrolled in at least one online course in fall 2015. The popularity of these courses can be attributed in part to their flexibility with working adults' schedules, students' ability to progress more quickly through online programs and, oftentimes, cheaper tuition. [See 10 low-cost online bachelor's programs for out-of-state students.]Online degrees can be beneficial to many college students, but some studies have shown online learners complete their programs at lower rates than students at traditional brick-and-mortar campuses. Individuals with student loans but no degree comprise two-thirds of defaulted borrowers. Though these numbers are not encouraging, just like for traditional programs, there are ways to reduce how much you'll need to borrow for an online program to ensure you won't become one of these statistics. Don't just settle on borrowing student loans to cover the whole cost of your program and living expenses. Instead, start thinking about how to cut costs and cover your balance in different ways, such as the following. -- Grants and scholarships: Even though you are taking an online course, you can still apply and receive grants and scholarships. But your first step should be to complete the Free Application for Federal Student Aid, commonly referred to as the FAFSA, which will allow you to receive a Pell Grant if your expected family contribution is low enough. The EFC criteria and award amounts are adjusted annually, but the 2017-2018 academic year awards range from $606 to $5,920, which could significantly lower the amount you borrow annually. Your next step is to apply for scholarships. You can start by checking online scholarship search engines, such as the Salt Scholarship Search, College Board's BigFuture and Peterson's. But don't forget to take advantage of local organizations and your school's financial aid office. Both may offer scholarships that you can't find with a national scholarship search. [Review these 10 sites to kick off your scholarship search.]For instance, organizations like the Elks Club, Knights of Columbus or the Rotary Club typically offer scholarships annually to local students. Just because you're going to school online doesn't mean you're ineligible. Visit your local library for scholarship listings, and ask around town. You might be surprised how many local organizations offer scholarships. While these scholarships typically aren't large, every little bit counts. Each dollar you receive in a scholarship is a dollar you don't have to borrow and pay interest on. -- Work-study: Another option for online students may be work-study awards. Not all students enrolled in online programs are eligible, but students at some schools -- including, for example, SUNY Empire State College and Liberty University -- are. Work-study awards are not given upfront like scholarships and grants. In most cases, they are an offer to earn up to the awarded amount if you secure an eligible work-study job. While there is a misconception that all work-study jobs must be on campus, students can work for off-campus, nonprofit or public employers as long as the work is in the public's interest. You may be able to work for a for-profit employer if the job is relevant to your course of study. No matter who the outside employer is, it will need to have an established agreement with your college for you to receive work-study funds. Remember, to be eligible for federal financial aid, you must be enrolled and pursuing a degree or certificate. If you're not working toward a credential, Pell Grants and work-study won't be option, but you may still be able to take advantage of private scholarships -- just be sure to read the eligibility criteria carefully. [Explore what to know about financial aid in online programs.]-- Pay as you go: One of the great benefits to enrolling online is the flexible schedule, which can allow you to complete your college coursework around your responsibilities. But prospective students often overlook using their part- or full-time job earnings as an option for paying for college. Almost 80 percent of college students in 2015 worked at least part time while attending classes, according to the National Center for Education Statistics. By budgeting and thinking strategically about your college costs, you can likely reduce your dependence on student loans by paying a portion out of pocket. Many -- but not all -- online programs are less expensive than traditional programs and often have shorter payment periods. Six, eight or 10 weeks are common course durations. Because of the frequency of payments in an online setting, you may be well-placed to pay as you go and possibly avoid borrowing altogether. Attending college online and avoiding student loans may be challenging, but if you are willing to put in the effort, you can limit the amount you need to borrow. More from U.S. News Q&A: Understanding Student Loan Discharge Eligibility Student Loan Refinancing Isn't Right for All Borrowers
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