reduce interest rates for folks who got a degree from a public university or college.
NO hand-outs for folks who went to a private school.
Why? What's the difference in your opinion? Poor people (like myself) have graduated from private schools solely due to obtaining academic scholarships (and retaining them) while getting PELL grants and other grants and commuting from home (to save money).
because private schools tend to cost more.
public schools are fine, and thats where folks should go if money is a problem.
reduce interest rates for folks who got a degree from a public university or college.
NO hand-outs for folks who went to a private school.
because private schools tend to cost more.
public schools are fine, and thats where folks should go if money is a problem.
Seeing that people are already getting a pretty damn sweet deal, with access to thousands of dollars, with nary any credit history and an under market interest rate.
I think enough has been done for students.
because private schools tend to cost more.
Grad plus loans are based on credit, and you cannot erase student loans by declaring bankruptcy. The feds can also garnish wages to pay back loans.
Lol no.
It costs per student in this country in public schools 9,000 dollars
While on the hand, it costs on average of 2,000 dollars per student in private schools.
Lol no.
It costs per student in this country in public schools 9,000 dollars
While on the hand, it costs on average of 2,000 dollars per student in private schools.
The interest rate on these loans are below market and most young people getting them have a thin or non existent credit file.
More realistic interest rates for these loans should be double digit, based upon the risk involved to the lender.
Honestly, if it isn't already a good deal for you, why are you going to graduate school?
To me, this is one of those "don't look a gift horse in the mouth" situations.
What risk? For professional students we will most likely make enough money to pay them back royally. Mortgages have a lower interest rate and in my opinion pose more risk than graduate student loans.
I'm going to graduate school because it's my dream, and the nation is in need to graduates from doctorate degree programs. I'm going with the sting that massive debt is just the reality, but I don't think it should be this way. Universities raise tuition, the government provides no aid (while kids studying undergrad art, music, or theater get aid) and the government essentially pockets our interest. I think it's more high risk for students to take out loans in majors that are not economically viable versus students going on to graduate school to receive specialized doctorates that are needed in the country.
...I'm going to graduate school because it's my dream, and the nation is in need to graduates from doctorate degree programs. I'm going with the sting that massive debt is just the reality, but I don't think it should be this way. Universities raise tuition, the government provides no aid (while kids studying undergrad art, music, or theater get aid) and the government essentially pockets our interest. I think it's more high risk for students to take out loans in majors that are not economically viable versus students going on to graduate school to receive specialized doctorates that are needed in the country.
may I ask what your getting a degree in?
I understand this, but with these loans the government can garnish your wages to force repayment. If you make the money, they will take it. Loans outside of the Stafford loans are based on student credit as well. You can't make a high income and avoid these loans because they will literally take the money from your paycheck like taxes (which isn't such a bad thing, people should honor their debts).Higher income, does not guarantee payment.
There are plenty of high income, debt delinquent persons.
Your credit is based upon your usage and repayment, not your income.
Your dream shouldn't be at the expense of everyone else.
You obviously value schooling, more than the current cost, else you wouldn't have applied for the school.
Take the loan and pay it back, with no bailout for your choices.
may I ask what your getting a degree in?
I understand this, but with these loans the government can garnish your wages to force repayment. If you make the money, they will take it. Loans outside of the Stafford loans are based on student credit as well. You can't make a high income and avoid these loans because they will literally take the money from your paycheck like taxes (which isn't such a bad thing, people should honor their debts).
Should everyone pay higher costs for healthcare so that practitioners can pay back their loans? We already finance the dreams of undergrads, and their dreams are economically foolish (like majoring n theater, art or something along those lines). I do value my education above the cost and I agreed to this. However, given the current system I don't think it's fair that graduate students receive no aid when these degrees benefit the country more while other students in other programs get aid to do less economically viable things. I'm not asking for a bail out nor am I asking for free education. I'm just asking for a fair apportionment of funds and not not take advantage of graduate students by imposing higher interest rates, no subsidized loans that undergrads enjoy and the fact that realistically we will pay back our loans, the art major who graduated with $30,000 in debt that now works waiting tables will not (yet receives funding). I will be a net payer into the loan system via my high interest, I think it should be fair.
Amid discussions of student loans many talk of aid and interest rates for undergrad students. My poll is asking do you think aid should be increased for graduate students? Graduate/professional school is extremely expensive, many times costing as much as a house. When I graduate pharmacy school I will be $150,000-$200,000 in student loan debt. The interest rate is 6.8% and accrues immediately (upon borrowing) with a 1% disbursement fee. Grad plus loans are put into play after a student has borrowed $31,000 through stafford and has a 7.9% interest rate accruing immediately with a 4% disbursement fee. There is no pell grant, state aid (at least in my state), or much of anything else outside of very small (and rare) outside scholarships for graduate/professional students.
Law school graduates have an average of $100,433 in debt Law School Student Debt Exceeds $100,000 Amid Jobs Shortage - Bloomberg
Medical school graduates have an average of $157,944 in debt. Background
The debt burden has become insane. Keep in mind that these are averages. People who do not come from wealthy families, like me, must take out the maximum number to essentially finance all school costs and most living expenses.
Should the government increase funding for grad students? Should they decrease it? What should happen with the student loans and interest rates? Keep in mind, the federal government is in charge of the loans and interest rates. Student loan debt has also surpassed credit card debt.
colleges?????
I understand this, but with these loans the government can garnish your wages to force repayment. If you make the money, they will take it. Loans outside of the Stafford loans are based on student credit as well. You can't make a high income and avoid these loans because they will literally take the money from your paycheck like taxes (which isn't such a bad thing, people should honor their debts).
Should everyone pay higher costs for healthcare so that practitioners can pay back their loans? We already finance the dreams of undergrads, and their dreams are economically foolish (like majoring n theater, art or something along those lines). I do value my education above the cost and I agreed to this. However, given the current system I don't think it's fair that graduate students receive no aid when these degrees benefit the country more while other students in other programs get aid to do less economically viable things. I'm not asking for a bail out nor am I asking for free education. I'm just asking for a fair apportionment of funds and not not take advantage of graduate students by imposing higher interest rates, no subsidized loans that undergrads enjoy and the fact that realistically we will pay back our loans, the art major who graduated with $30,000 in debt that now works waiting tables will not (yet receives funding). I will be a net payer into the loan system via my high interest, I think it should be fair.
Doctor of Pharmacy, PharmD.
We already finance the dreams of undergrads, and their dreams are economically foolish (like majoring n theater, art or something along those lines).
No, grade schools.
Sorry for the confusion.
If you want to know what I think on colleges then I think the assistance only raises the cost.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?