A question for grad students......

[Dr. StrangeloveX]

wow. you are all suckers.

[jakethebake]

[ QUOTE ]
When it comes to student loans, how screwed are you?


[/ QUOTE ]

All depends on what you'll make when you finish. English lit? You're probably [censored]. Law or MBA school? You'll be fine.

[goofball]

[ QUOTE ]
wow. you are all suckers.

[/ QUOTE ]

Be a TA? get funding? seriously.

[swede123]

Yup, become a teachers assistant, sometimes called graduate assistance. Lots of schools use TAs/GAs for all kinds of random research, secretary positions etc. I didn't pay a dime towards my MBA, instead I worked ten hours per week in the computer lab. Best job I ever had.

Of course certain post-graduate work might not offer graduate assistantships, or they work you too hard to have any kind of job. This is the situation for my wife in med-school. As of the end of year two for her we owe about $60,000. Fortunately most doctors pay off their student loans within five years of graduating, so I'm sure it'll all work out.

Swede

[fnord_too]

I'm in between grad degrees, but between college and grad school (I was working when I got my masters, so this was pretty much gratuitous debt) I wracked up about 60K in loans. I am paying them off at 3% (!!!!!!) over 30 years, so I don't think I am screwed in the least. (Of course I never knew I would get such a sweet consolidation deal, I was just bing a weak human at the time.)

[jakethebake]

[ QUOTE ]
I wracked up about 60K in loans. I am paying them off at 3% (!!!!!!) over 30 years, so I don't think I am screwed in the least.

[/ QUOTE ]

This is why you SHOULD take the loans, even if you have the money. The interest rate is like 1.5% now. Leave your money in stocks, bonmds, funds, whatever. It'll probably do much better than 1.5%.

[lucas9000]

[ QUOTE ]
im not to worried about it. not in grad school yet, but will be in law school paying my way through. ill pay em off easily when i make 80 grand first year out.....bitches

[/ QUOTE ]

yeah i'll be paying off my law school and undergrad loans for a while. unless you live in some very cheap locale, $80k/year isn't a fortune.

[IronDragon1]

[ QUOTE ]
im not to worried about it. not in grad school yet, but will be in law school paying my way through. ill pay em off easily when i make 80 grand first year out.....bitches

[/ QUOTE ]

You may do well now/in law school but that statement showed an incredible lack of the fundamentals of economics/finance

[Wintermute]

You must be in the wrong field... I get paid to go to grad school.

[OtisTheMarsupial]

pretty bad, but hopefully if I land a public interest job and the state still has money, they'll reimburse my tuition.