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#81
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Character of a growing girl (middle school question)
"H Schinske" wrote in message ... wrote: If a student graduates with $20,000 in extra loans, as a result of attending the more expensive rather than the less expensive institution, then that student would only have to make 1% more, over his or her lifetime, to break even. Yeah, but what happens is that 1% of the students make twice as much, and for the rest of us it makes no difference! ;-) In any case, am I naive to think that loans are not really "financial aid" in the true sense of the word? I know you can get them at attractive rates compared to borrowing money elsewhere, but really, almost anyone can borrow money for college. To me, financial aid means somebody actually helps me PAY THE BILL, permanently. It also depends on repayment. In education, I know that there are programs in most states which will either pay your way through grad school directly (if your undergrad record is good enough) or will repay loans given if you teach in high need fields. In my case, I got a substantial grant from the state of TX to get a degree in Mathematics Education (and also, incidentally, got my certificate in music ed while I was there) because it was a high need field, then the state of TN paid off my loans since I work in an inner city school (which was where the jobs were anyway). In my case, they lost the bet on the first one-not only did I move out of state, but I was hired as a music teacher, but the second paid off, since I'm still in inner city schools, and have stayed despite at least 2-3 job offers a year (most of which, admittedly, would require moving and are not at all attractive). According to my brother, it used to be fairly common for law offices to pay off loans for their new hires, especially if you came from the same law school they did (the good old boy network). However, since it's currently an employers market for new lawyers, even ones from fairly prestigious schools are having trouble finding jobs at all, with or without repayment. --Helen |
#82
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Character of a growing girl (middle school question)
"Banty" wrote in message ... In article , Hillary Israeli says... In , Banty wrote: *I did apply for financial aid as something of a back-up for my first year at the *institution where I obtained my doctorate, and in that process I was treated as *something of a beggar (more than when I applied as an undergraduate). Because *that's not the usual path for financing graduate school. I would put forth that *the response your mother got was exactly because you and she, apparently, were *trying to go the student aid route. You say that as if we did something unusual or wrong. I suppose I haven't explained things at all well. It's not so much that it's 'wrong' as it's not required for many more students practically the way it is for undergraduate school. Because of the presence of the option to borrow against professional earnings in the fairly near future. After all, as you said the financial aid person who handed out the packets did so just in case someone qualified. She wasn't exactly saying "here's your opporunity". There's nothing 'wrong' in checking that out, but the stringent requirements really should not have been a surprise. When I considered medical school in the early '80s, the answer came down to the same pretty much (I was independant by then, but had no assets) - the expectation was that I borrow against my future earnings as a physician. Else I be sponsored by the military or other government program in exchange for a period of service where they choose. The vet students I knew at CSU had mostly taken out a lot of loans, except for a few foreigns with national sponsorships. Law school is apparently the same way. My brother just finished his law program last Spring, almost 100K in debt (and still has no job, sigh...) He had been independent and actually working for several years, and while he had more than enough $$ for college without loans (mostly merit-based, plus some extra aid available to dependents of VA state employees at state schools), he was on his own for law school. In comparison, when I went to grad school in education, while they weren't exactly throwing $$ at me, I was able to get a pretty nice grant from the state of TX, plus a TA/RA ship in the Human Sciences department, and was able to get by with almost no loans (and those were repaid by the govt at 20% a year, for the first 5 years I taught since I chose to teach in title I schools-and still do, as a matter of fact). My husband had an RA ship his first year of grad school, and took out some small loans, then got a fellowship from NSF which paid the bills the rest of the way through. |
#83
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Character of a growing girl (middle school question)
"Donna Metler" wrote in message ...
Law school is apparently the same way. My brother just finished his law program last Spring, almost 100K in debt (and still has no job, sigh...) He had been independent and actually working for several years, and while he had more than enough $$ for college without loans (mostly merit-based, plus some extra aid available to dependents of VA state employees at state schools), he was on his own for law school. In comparison, when I went to grad school in education, while they weren't exactly throwing $$ at me, I was able to get a pretty nice grant from the state of TX, plus a TA/RA ship in the Human Sciences department, and was able to get by with almost no loans (and those were repaid by the govt at 20% a year, for the first 5 years I taught since I chose to teach in title I schools-and still do, as a matter of fact). My husband had an RA ship his first year of grad school, and took out some small loans, then got a fellowship from NSF which paid the bills the rest of the way through. This was my experience as well. Ivy league professional school, aid was based on everyone - your spouse, yourself, your parents. The average age in the class was 30+, so obviously most people were financially independent of their parents. Didn't matter. A classmate of mine was in her mid 40s, married, etc. Even she had to include her parents' financial info! (In addition to that of her spouse). Pretty much every one took out loans. The doctoral students (PhD not MD) in the same department were funded off of grants/TAships/RAships, etc. This is the case for all doctoral programs I've looked at including the one I utilised. This is in the basic sciences, it's a little bit different in the liberal arts/humanities. |
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