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re: Where should I apply for Student Loans for my MBA? Need help...
Posted on 12/22/15 at 1:29 pm to TheCaterpillar
Posted on 12/22/15 at 1:29 pm to TheCaterpillar
Do you know exactly how much more money you will make with an MBA? Granted my wife's loans were exacerbated by the fact that she went straight from undergrad to grad school. So she had interest rolling the whole time and had no experience to back up her MBA after graduation. 100k in debt (~60 of it from post undergrad, both interest and additional loans), and making $37k at her first job 
. We are now getting close to reaching the 200k mark as a couple and it's still painful to write the check for those loans.
I know it's a horse that's been beaten to death and you've heard it all before, but frick my life having to pay that shite. Literally takes away a $8k-$10k vacation that we could take every year. Instead, that money goes to loans.
ETA: I realize this is not what you asked for and sorry to hijack. I just have a personal mission to make sure everyone understands what they are doing when they borrow money. Specifically for an MBA.
. We are now getting close to reaching the 200k mark as a couple and it's still painful to write the check for those loans. I know it's a horse that's been beaten to death and you've heard it all before, but frick my life having to pay that shite. Literally takes away a $8k-$10k vacation that we could take every year. Instead, that money goes to loans.
ETA: I realize this is not what you asked for and sorry to hijack. I just have a personal mission to make sure everyone understands what they are doing when they borrow money. Specifically for an MBA.
This post was edited on 12/22/15 at 1:55 pm
3
Posted on 12/23/15 at 9:02 am to KG6
quote:
ETA: I realize this is not what you asked for and sorry to hijack. I just have a personal mission to make sure everyone understands what they are doing when they borrow money. Specifically for an MBA.
Dont worry, at least you have not beaten the horse as much as I have.
Im worried about my student loans as well, since I have 60K in loan debt by May 2016.
Posted on 12/23/15 at 9:39 am to KG6
It's never a bad thing to invest in one's education. You may be spending $8-10k more on student loans per year, but the benefit she receives from having an MBA is probably greater than that, even if its not evidently clear or the benefit is not yet realized.
Posted on 12/24/15 at 9:27 am to KG6
quote:
Do you know exactly how much more money you will make with an MBA? Granted my wife's loans were exacerbated by the fact that she went straight from undergrad to grad school. So she had interest rolling the whole time and had no experience to back up her MBA after graduation. 100k in debt (~60 of it from post undergrad, both interest and additional loans), and making $37k at her first job . We are now getting close to reaching the 200k mark as a couple and it's still painful to write the check for those loans.
That sucks, I graduated in engineering and I had an uncle who was an engineer who convinced me to go work for at least 5 years before getting my MBA. I owe him big time.
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