Friday, May 20, 2011

If Only Money Grew on Trees

I came across a good article talking about the cost of grad school and if it's really worth it. I think the article stated it the best "Graduate degrees are becoming like tattoos: you should think hard before getting one." I believe going to grad school is a wonderful investment on your future but at the same time you really have to look at the cost of everything. Say I attend B-school and rack up $80,000 in debt.  What will my loan repayment look like? I found this loan payment calculator online that will give you an estimate of your loan repayment. I'm not sure how accurate this is, but to pay off a $80,000 loan in 10 years the monthly payment would be $880.15 @ 6.8% interest. Yes, 10 years lol.  I don't want to look at students loans for the rest of my life. I realized that cost is somewhat of an important factor for me when choosing schools. Do I sacrifice a good school because of price? It's a hard decision.  I want the branding that a top school brings butI don't want the debt. Anyway first things first, let me get into a top school, then I can worry about $$$ later . In the meantime, anyone want to give me small portion of their trust fund lol.



-Ms. HR

1 comments:

Monique May 20, 2011 at 10:52 AM  

Girl this is SO TRUE! I don't know how I can afford grad school - great post, and thanks for linking to the article!

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