Bella_mezzo
Ideal_Rock
- Joined
- Aug 19, 2009
- Messages
- 5,760
DH's loans I prefer not to think about the total amount as they are quite steep due to undergrad stupidity and he is now back in school taking post-bac classes and EMT class in preparation for application to med school in 2-3 years. it's what he really wants to do and I totally support it, but the loans will be a lot. Basically, we'll re-evaluate after each step (EMT class, first year of post-bac, second year of post-bac, paramedic training, MCAT, application process to make sure it's still what he wants to do and he doesn't want a shorter/cheaper career option like staying a paramedic or becoming a PA).
My loans were none for undergrad (graduated in 2000 from a small private college). I got scholarships, paid for my own room and board, and my parents paid the balance of my tuition. Best gift they ever could have given me! My masters in opera I was on a full-ride my second year and bought a house so I got in-state tuition for the first. I have $15k in loans from the first year living expenses etc. but made more than that on the sale of the house, so it was a wash.
My MBA is a whole 'nother story! I work in the non-profit sector and want to shift/move-up to executive leadership and/or non-profit consulting. I went to a prestigious school b/c the few people in the non-profit sector who care about the degree care about the school, especially in NYC where I live and work (I thought long and hard about doing such an expensive program) and decided to go part-time so I could keep working to help mitigate things. I am paying for about 25% of the degree and the rest of my tuition is loans. The original plan was to pay for 50% at least, but DH getting laid off last year changed that. I think in the long-run the degree will be worth it (I'll be done in about a year depending on how fast/slow I want to finish things now that I am a mom). I am not sure if I would do such an expensive MBA again...I'll let you know in about 10 years if it pays off
When our kids go to college we want to be able to offer them an option for undergrad with no loans (probably us paying for tuition at a state school and our child paying for room and board). If the Dr plan works out (and we get those loans paid off in time) maybe we can do more but at a minimum we want to explain the realities about loans and help our kids avoid them if at all possible.
My loans were none for undergrad (graduated in 2000 from a small private college). I got scholarships, paid for my own room and board, and my parents paid the balance of my tuition. Best gift they ever could have given me! My masters in opera I was on a full-ride my second year and bought a house so I got in-state tuition for the first. I have $15k in loans from the first year living expenses etc. but made more than that on the sale of the house, so it was a wash.
My MBA is a whole 'nother story! I work in the non-profit sector and want to shift/move-up to executive leadership and/or non-profit consulting. I went to a prestigious school b/c the few people in the non-profit sector who care about the degree care about the school, especially in NYC where I live and work (I thought long and hard about doing such an expensive program) and decided to go part-time so I could keep working to help mitigate things. I am paying for about 25% of the degree and the rest of my tuition is loans. The original plan was to pay for 50% at least, but DH getting laid off last year changed that. I think in the long-run the degree will be worth it (I'll be done in about a year depending on how fast/slow I want to finish things now that I am a mom). I am not sure if I would do such an expensive MBA again...I'll let you know in about 10 years if it pays off
When our kids go to college we want to be able to offer them an option for undergrad with no loans (probably us paying for tuition at a state school and our child paying for room and board). If the Dr plan works out (and we get those loans paid off in time) maybe we can do more
but at a minimum we want to explain the realities about loans and help our kids avoid them if at all possible.
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