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Oversubscribed MIT MBA offered 20K to defer

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So we see the same thing happens again. Last year, the MFin program offered 8K to students who defer a year. This year, the MBA program offered 15K, and then raised to 20K for students who defer to next year.

http://online.wsj.com/article/SB10000872396390444083304578018610327120942.html
Sloan received 4,133 applications for the M.B.A. program that started last month; of that number, more than 10% enrolled.

After realizing they had a student surplus, school officials emailed the incoming class on Aug. 7, offering "guaranteed admission to the class of 2015 for the first 20 admitted students who request it." The school gave them until Aug. 13 to respond, according to one student's copy of the letter, which was reviewed by The Wall Street Journal. But it didn't get enough takers.

So, like an airline offering vouchers to travelers willing to hop off oversold flights, the school put money on the table, offering students who expressed an interest a $15,000 scholarship to be applied to next year's tuition. Students still balked, and on Aug. 21, a day after pre-term refresher courses began, Sloan raised the offer to $20,000 for the first 10 respondents. (Tuition for the 2012-2013 academic year is $58,200, with total expenses—including books, housing and food—estimated at just under $89,000.)

Four incoming Sloan students volunteered, said Mr. Garcia, and the school started the year with an M.B.A. class of 413, up from 404 last year. The $80,000 in funds will come out of next year's fellowship pool. He added that the school expects some deferring students won't end up enrolling next fall. (If they don't enroll, they won't get money from MIT.)
 
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