Monday, October 26, 2009

Drowning in undergrad student loans.. can i get gradaute school for next to free??

$130,000 total in undergrad debts b/w my hubby and I. My husband was accepted into a phd program last year but received zero in financial aid help except for more loans. He deferred for a year and has applied to other schools this year.



We just found out we're pregnant and therefore our financial situation will change before he beings a program. Any advise on getting graduate school paid for without resorting to more loans??



Drowning in undergrad student loans.. can i get gradaute school for next to free??

Most top PhD programs will five you enough financial aid to cover tuition, fees, room and board. Most master's programs and professional schools (JD, MBA, MD) will not.



Drowning in undergrad student loans.. can i get gradaute school for next to free??

Depending on his major, there are corporations out here that will finance his education in exchange for a guaranteed promise that he will work for them for x-number of years. I also understand that the student loan rate has dropped for this year, check it out and see if you can refinance and make the payments less.



Also, if he gets a job some jobs will pay the cost of the classes while he is working for them.



The only other thing to do is to wait until some of the debt is paid down or approach both sets of parents and see if there is anyway they can help.



Drowning in undergrad student loans.. can i get gradaute school for next to free??

At my school (uiuc) most grad students work for the university, within their own departments as TA's, assistants, or researchers. In which case they are considered to have an %26quot;assistantship%26quot; and the tuition for them is waived. They also get a stipend and whatever wages they earn at their job.



I know some other universities have a similar system so you should look into that.



Drowning in undergrad student loans.. can i get gradaute school for next to free??

Financial Aid; Scholarship. Why not just loan??? It is the best way to go!



Drowning in undergrad student loans.. can i get gradaute school for next to free??

this is a site i've used to help me lower my student loan. i really recommend it! just go there and fill out the form.

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