@SeanJeddrie@kneis816@MJTruthUltra I don't regret my degree. I made the best choice for school that I could make if I wanted to finish before he retired. He used his GI Bill for his degree. When my loans were disbursed out I didn't know. That's the way things are now. I took the bare minimum for my degree.
@SeanJeddrie@kneis816@MJTruthUltra Unlike most, my degree is relevant and needed but unfortunately we don't get paid well. I don't regret my degree, I just wish I could have gone to a cheaper school. My loans are my responsibility but the loans are predatory with what is charged in interest.
@SeanJeddrie@kneis816@MJTruthUltra First of all I'm paying my student loans and yes you do sound like one. I actually took a second job to make my $1100. If I wanted the degree then yes I did because of his service. My degree is not at every university.
@SeanJeddrie@kneis816@MJTruthUltra After loans were federalized, they estimate what payments are but can't give you a payment until you go into exit counseling because the interest rates are adjusted annually based on interest rates. Interest rates right now are 6.4% with daily compounding interest.
@SeanJeddrie@kneis816@MJTruthUltra Well if I wanted the degree, I had to sign the loan docs because my grad program was $70,000 at a state school because I had to pick a school that would be near my husband's duty station. Had I known at the time how bad the ROI would be, I wouldn't have done it.
@SeanJeddrie@kneis816@MJTruthUltra Actually no, the terms were not spelled out because the interest rate is not set until repayment starts so because my degree requires a masters to be able to work as a speech therapist helping individuals communicate, my loans did not start repayment until 7 years after I started
@SeanJeddrie@kneis816@MJTruthUltra Because interest of 6.5 percent compounds daily. I took a second job just to pay my $1100 a month student loan in a medical field.