theomega Posted August 2, 2011 http://thinkprogress.org/education/2011/08/01/284804/subsidized-loans-afghanistan/
Moderator ventana Posted August 2, 2011 Moderator heck, I think only one of my loans was subsidized, the rest was unsubsizided and I am still paying for them I think the whole subsidize thing is a bit of a joke for the good paying career fields like PA - hate to say it but I have little pity for myself - yes have another 15 years on my loans at $250 per month - but I make six figures a year and I probably don't "need" the gov't money as much as an inner city school teacher getting 35k a year with a 30k master degree school loan....
klb48 Posted August 2, 2011 Ventana - speak for yourself!! My PA program left me with 110k in debt (I had no undergrad loans) and I'm definitely not making that much money yet. My monthly payment is 1400 for 30 years! So yes most of us DO need the subsidized loans! That said, yes obviously there have to be cuts because of our nations debt. It's definitely a shame that it will be taken from students no matter what their chosen profession.
Curtesa27 Posted August 2, 2011 Wow! This just means that I must search very hard for FREE money to attend PA school!
Hoosier1 Posted August 2, 2011 Ventana - speak for yourself!! My PA program left me with 110k in debt (I had no undergrad loans) and I'm definitely not making that much money yet. My monthly payment is 1400 for 30 years! So yes most of us DO need the subsidized loans! That said, yes obviously there have to be cuts because of our nations debt. It's definitely a shame that it will be taken from students no matter what their chosen profession. Unless you got royally screwed on the interest rate there is no way the payment on 110k is $1400/month for 30 years. It should be roughly half that. There are also plenty of loan forgiveness options for PA's. Do a google on student loan forgiveness and you will be surprised how many options there are.
Sparkles9708 Posted August 2, 2011 I was able to make it through undergrad with only subsidized, I paid a little extra out of pocket to avoid taking out a unsubsidized loan. Unfortunately PA education is a little bit more expensive and although there are alot of loan forgiveness options, the competition for these jobs will increase even more if they do this. Glad Congress places a great value on higher education.
Sparkles9708 Posted August 2, 2011 I think both are really at fault. I almost couldn't afford my last year of undergrad due to a raise in tuition and the IL MAP grant was in limbo.
bradtPA Posted August 2, 2011 I think both are really at fault. I almost couldn't afford my last year of undergrad due to a raise in tuition and the IL MAP grant was in limbo. And how is Congress at fault for a state grant being in limbo, and a college raising tuition?
Moderator ventana Posted August 3, 2011 Moderator Ventana - speak for yourself!! My PA program left me with 110k in debt (I had no undergrad loans) and I'm definitely not making that much money yet. My monthly payment is 1400 for 30 years! So yes most of us DO need the subsidized loans! That said, yes obviously there have to be cuts because of our nations debt. It's definitely a shame that it will be taken from students no matter what their chosen profession. but you still should be making at least double what a new teacher makes - you missed this point also, I came out with about 65k in debt and that was for an MBA and PA - but some choices early on and paying them down has made it dooable - everyone wants a free hand out - but when the average pay for PA's is over 80k/yr it is tough to say we should have help from the gov't for interest on loans.... when is the last time you felt pitty on a doc for their 150k in debt (never for me anyways) our is just at a slightly lower level but still far above the average american income so I don't think PA's should be lining up to take a hand out from the Gov't.......
Planteater Posted August 3, 2011 Sparkles- you seriously think the government should be subsidizing our loans? Wow....last time I checked higher education is not a basic necessity. Lots of people work through undergrad so they do not need loans (or not much anyway). There are much less expensive PA programs that do exist as well. Am I knocking you for your choices? NO WAY, but they are your choices and it is not the rich Americans' job (you know- the ones paying MOST of the taxes) to help you along. However, I do believe that there are other things our government should be cutting first/in addition to this....
Sparkles9708 Posted August 8, 2011 Sparkles- you seriously think the government should be subsidizing our loans? Wow....last time I checked higher education is not a basic necessity. Lots of people work through undergrad so they do not need loans (or not much anyway). There are much less expensive PA programs that do exist as well. Am I knocking you for your choices? NO WAY, but they are your choices and it is not the rich Americans' job (you know- the ones paying MOST of the taxes) to help you along. However, I do believe that there are other things our government should be cutting first/in addition to this.... I don't think the government should subsidize all of my loans and that was my point that I feel there are some other things our govenrment could cut first or additionally. Also what about investing more money in organizations like National Health Service Corps so there are more people who could participate in programs likem this. Plus now there is the Income Based Repayment option for the Federal Student Loans and I am figuring if I just live cheaply for a couple years after I graduate I can hopefully get rid of most of my debt.
PACShrink Posted August 8, 2011 There is no such thing as 'FREE' money... There are always strings attached.. I was looking at a 'Free ride' courtesey of the US Navy... Well, it is not free at all.... I'm just sayin..
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