I already owe 9,000 in propagandize loans as well as we wish to get the Masters Degree in Guidance as well as Counseling. Is it unequivocally value it to go in debt an additional 12,000 to go on my education? One of my idealisation goals is to be earning great income since right right away with the Bachelors we am not. Please advice
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It’s always best to avoid going into debt. Treat it as a last resort. Now, I don’t mean to treat going to graduate school as a last resort, but consider going further into debt as a last resort. You’re talking about potentially carrying over $20k in debt before starting your career, so this is a big decision.
From what I’ve seen and read, a graduate degree is becoming more and more important in the field of education. I’m not quite sure why that is, but it seems to be the nature of the business.
The first thing you should do is find out about grants and/or scholarships that are available to you. From what I understand, there are all kinds of scholarships out there. Apply to as many as you can, and even if you get one or two, every bit helps.
I’m sure you can find a number of them by visiting the school’s Financial Aid dept. or by looking online. Even bookstores or libraries carry books on where to find financial aid for your education. There may even be professional soceties for guidance counselors. Find out about those and make some contacts. Perhaps you can talk to the guidance counselors from the school you attended, and get some ideas from them.
Another option is to go to work, and attend Master’s courses at night. Find out if school’s will provide tuition assistance for you to get your Master’s degree (I don’t know much about those aspects of the education profession). I know of several business that invest in their employees because it helps both the employee and the company, and I can imagine that there are schools out there that think similarly.
Finally, if you decide to proceed with getting your Master’s degree, and take out more loans to do it, live as frugally as possible while in grad school, and take an aggressive approach to paying off those loans once you’ve started earning money.
Any extra money you have should go directly toward paying off your debt, no matter which route you choose. Whatever you decide, best of luck to you. Believing in yourself and remaining dedicated to your goals are positive steps toward success. Keep working hard and always be on the lookout for new opportunities.
Take out the loans. Investing in yourself is the best investment you can make.
This is a personal choice. However, I would suggest that if you have your Bachelors in Education, you will definitely want to go ahead and earn your Masters. In order to earn more money in Education, you will have to have a Masters eventually. Another plus is that if you are looking at working in public schools where there is a substantial amount of low income students (this is information that schools have and can tell you), you may be able to have part of your student loans paid off for your years of service at that particular school. Thank you Bill Clinton! I was able to pay off an unsubsidized loan completely by working in a similar school. One word of caution, make sure that you read over the small print and specifically ask your financial aid office if you would be eligible.
Hope this helps and good luck to you!
NO. Get a job and pay your way through. You may have to eat ramen noodles, but loans will weight you down for a long time. I came out with 40K+ in loans and regret it every day.
It’s worth it. Your student loans have a very low interest rate and that interest can also be deducted on your tax return. The loan itself is usually a 15 year loan and the payments are usually pretty small per month. A student loan is better than most other loans and if you have any other debt (aside from Mortgage) you want to pay that off first.