About 'graduate school loans 2013'|Pennsylvania Education Policy Roundup for October 16, 2013: Property tax reform a mixed bag for PA schools, businesses
In 2009 I had intentions of attending graduate school. The plan was to go back for a Master of Arts in English Literature or to become a registered dietician, depending on course requirements and whether I could receive financial grants. Realistically, the grants outweighed the course requirements. However, after a full year of talking to dozens of guidance counselors and financial aid advisers I learned that grad students are not eligible for grants. Why? According to the financial advisers master's degree holders earn more money so they can repay the loans. At the time, my family was living off of my husband's single income. The cost of child care was more money than I would earn so it was beneficial for me to stay at home with our kids. With the tight income, there was nothing to spare, even for graduate school. Delaying graduate school was painful, but best to reduce debt Although I was eligible for student loans, this was one route I didn't want to take. 10 years after graduating from Georgia Southern University (GSU) I was still paying on student loans from my undergrad program. The thought of additional student loans added to what I already owed was daunting. For me, it just seemed irresponsible to create thousands of more dollars in debt when I could barely make my monthly undergrad student loan payments. Although, master's degree holders earn more money, and my student loans were consolidated years before with a 3% fixed interest rate, I was still worried about owing more money. It was clear that grad school would have to wait. Fast-forward to the year 2013 Fast forward four years to 2013, and I still have not begun school. This is not necessarily a bad thing. My goal is once again to earn a Master's of Science in Nutrition and Dietetics. Why such a long wait? Because 2013 offered options and opportunities since my babies are now school aged children. I work during the mornings when they are in school. I'm home long before they get out of school, which saves a lot of money. How does this make a difference to pay for school? This schedule saves us nearly $12,000 or more a year in child care services, and allows us to spend quality time with the kids. Besides more time and money, the schedule is also free for studying. Between my income, and the money we save on child care, this is enough to cover classes and books for grad school. My plan is to take no more than two classes a semester in order to pay for the classes in cash. It is also so I don't feel overwhelmed with classes, and an active family. |
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- mlisunderstanding.blogspot.com/...last of my undergraduate loans, because I did NOT want to start graduate school with loans already hanging over my head. Once I made the last payment against my undergrad...
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Graduate School Loans 2013 - Blog Homepage Results
...I think about everything I have to accomplish in 2013, a year doesn’t seem so far away. Considering how many graduate school loans I’ll…
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