$190,000 and I work part time at McDonalds.
No debt yet, but I may have to take out loans to finish. $20K is my limit for undergrad.
No debt yet, but I may have to take out loans to finish. $20K is my limit for undergrad.
Did you pay her back?
I would feel incedibly guilty having my mom pay something like that for me. I was laid off back in 2002, and my mom made some car payments for me over the course of about 7 months. I found the cancelled checks years later in a storage box (only added up to about $3k) I paid her back in full and added 5% annual interest.
Late '80s: it was $540/semester at a large and highly-regarded public school. Didn't stay there, but if I had, it would've been zero debt.
Early '90s: degree after 4 years at a top small private school: $12k debt, all subsidized.
Mid '90s: another degree, same school. Additional $5k debt, same debt type.
Late '90s: top ten public law school, additional $40k debt, mix of subsidized and unsub loans, all through govt though.
From what I've seen, it's much more pricy today.
$22k/year, I assume you mean.Yes, it is about 22k a semester at MSU. Maybe another 5-10k for out of state and double for International students.
Yeah, these college threads are overdone, but I see a lot of talk on giant loans and stuff and tbh it surprises me. I go to an average state university for about $3000 a semester (biochem major) and through grants I've been breaking even. Because I want more research experience (and because I am still fairly clueless regarding graduate school) I'm going six years (gonna have a ton of assorted biology and chemistry credits) and this last year will involve some free $$$ being dropped, but even still the net cost (obviously ignoring opportunity costs and such) will surely not be too great. Not trying to make this a brag thread cuz I have no reason to be proud of being a gubment leech, and I know it's different for people that started college later in life, but I don't understand how some people amass so much debt. Even if I didn't receive any general grants like the spoiled bastage I am, $3000 a semester is doable at 20 hours a week through college work opportunities. Of course, I also live in my mom's basement so I would need to work over the summer to pay for yearly dorm rent. Factor in general costs like textbooks and food, and I'm still not seeing even a five-figure loan being needed. Maybe it's because my college has a tuition about half that of the average public 4-year college, but even still I'm not seeing MASSIVE loans being needed.
Is this really all that irregular? I know law school and med school often go into the six figure range, but then I also see people mentioning six figure grad school debt, and I thought that a lot of PhD programs offered full tuition + stipend for at least a portion, as well as lab instructor positions and such. Is that only for the lucky few?
No poll; I want to see exactly where the debt is coming from and why.
I thought that a lot of PhD programs offered full tuition + stipend for at least a portion, as well as lab instructor positions and such. Is that only for the lucky few?
$20K, same as my wife (we graduated in 2008). Mine was all government loans, hers all bank loans. Needless to say, hers got paid off first
I worked during school, but that was to own a car. I was lucky to have about $40K in scholarships, as I didn't get a dime from my parents.
What kind of grad school? Master's or PhD, any stipend, how many years, etc? I was kind of under the impression that a lot of grad schools are happy to waive tuition so that they may have dependable (i.e. dependent) lab monkey slaves.
Are you an Actuary?, just a wild guess.