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 e: ok fine you can have it Fitzy Fitz fucked around with this message at 15:44 on Aug 16, 2018 |
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Aug 16, 2018 15:35
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 19 YO, currently in undergrad in US majoring in music ed to be a teacher. Coming out of school in 2 years with $100k in debt or so and know very little about repayment.quote:Knowing what I do about my profession, I will likely be earning $35-41k per year if/when I find a teaching job. I'm just looking for any advice at all on how to handle this much debt when I come out. I figure I'd want to find cheap housing/rent wherever I end up working, and live frugally until the debt is paid off. But I don't know how long that could take or what options I have. Any advice would be appreciated. Thank you. 
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Aug 16, 2018 15:43
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Ashcans posted:Well, for one thing there are typically more humanities degrees awarded I don’t read the graph the same way. Humanities shows up at about 12%, but Engineering and Natural Sciences total to 20%.
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Aug 16, 2018 15:52
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Humanities degrees have jobs that pay in money and fulfillment of dreams, Engineers don’t have dreams so you have to pay them in money.
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Aug 16, 2018 16:00
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Subjunctive posted:I don’t read the graph the same way. If you're going to combine those two you probably also have to lump fine and performing arts in with humanities.
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Aug 16, 2018 16:04
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crazypeltast52 posted:Humanities degrees have jobs that pay in money and fulfillment of dreams, Engineers don’t have dreams so you have to pay them in money. Same with consulting. We're just like engineers that didn't take years of calculus.
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Aug 16, 2018 16:07
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CellBlock posted:Same with consulting. We're just like engineers that didn't take years of calculus. consultants aren't people though
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Aug 16, 2018 16:08
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KYOON GRIFFEY JR posted:If you're going to combine those two you probably also have to lump fine and performing arts in with humanities. Well, STEM literally enumerates Science and Engineering, so it doesn’t feel much like a stretch (and I left out health because I don’t know what’s in there) to follow the poster’s language. I’ve never heard of anyone describing performing arts as being the humanities. Is that a thing people do?
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Aug 16, 2018 16:15
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Hoodwinker posted:
The issue is that a 18 year is asked to make a life decision involving literally 6 figures of debt, also told to do what makes One happy, and not having enough resources to make a good decision. When I was 18, I would have thought this wasn’t a terrible idea. It’s just a difference frame of mind, and if you have never lived on your own, how the hell do you have an actual idea on money costs?
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Aug 16, 2018 16:19
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Subjunctive posted:Well, STEM literally enumerates Science and Engineering, so it doesn’t feel much like a stretch (and I left out health because I don’t know what’s in there) to follow the poster’s language. I was more going for "degrees without a math science component that STEM people think are worthless" than any sort of coding. I wonder how actual math is coded in there. The term humanities is really vague anyway since most of the humanities exist on a continuum with social and behavioral sciences.
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Aug 16, 2018 16:20
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I had a band teacher in high school that apparently left teaching after a couple of years and became an emergency surgeon instead. Good call.
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Aug 16, 2018 16:27
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George H.W. oval office posted:I had a band teacher in high school that apparently left teaching after a couple of years and became an emergency surgeon instead. Good call. That's why it's important to be good with instruments
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Aug 16, 2018 16:34
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canyoneer posted:That's why it's important to be good with instruments I figured they’d know their way around an organ or two.
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Aug 16, 2018 17:19
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Wolfy posted:I know a guy who was still dumping thousands into BTC at like 9,000 then 8,000 and so forth. All the while he’s been saying things like, “if you’re scared of a little price dip, this isn’t the market for you.” zaurg?
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Aug 16, 2018 17:22
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Krispy Wafer posted:I figured they’d know their way around an organ or two. Not to toot their horn, but they're pretty good.
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Aug 16, 2018 17:23
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Gourd with money more like "groans and punny" am i right guys try the veal
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Aug 16, 2018 17:27
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Hoodwinker posted:
Music Ed also belies the fact that they probably needed to buy an instrument at least. A violinist I play with graduated with a bonus $20k in debt on account of purchasing a proper instrument to play. I’m glad I play inexpensive instruments.
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Aug 16, 2018 17:37
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metallicaeg posted:Not to toot their horn, but they're pretty good. All of these puns work for musicians, doctors, and prostitutes.
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Aug 16, 2018 17:41
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George H.W. oval office posted:I had a band teacher in high school that apparently left teaching after a couple of years and became an emergency surgeon instead. Good call. Went back to teaching after a poorly conceived xylophone gag
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Aug 16, 2018 17:47
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CellBlock posted:Same with consulting. We're just like engineers that didn't take years of calculus. KYOON GRIFFEY JR posted:consultants aren't people though What do you call consulting engineers?
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Aug 16, 2018 18:11
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CheesyDog posted:You have to pay people more if you want them to tolerate engineers So true. My undergrad fraternity was half engineers and the lack of cooperative skills and imagination was painful. One guy refused to read or view fiction, for class or otherwise, because it wasn’t real. He bought a BMW Z4 the week after graduation for his 60k entry level job. Another tried selling me on Vector MLM bullshit and almost dropped out of school for it. Luckily he met a girl who snapped him out of it.
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Aug 16, 2018 18:20
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howdoesishotweb posted:he met a girl I thought we were talking about engineers?
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Aug 16, 2018 18:22
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howdoesishotweb posted:So true. My undergrad fraternity was half engineers and the lack of cooperative skills and imagination was painful. One guy refused to read or view fiction, for class or otherwise, because it wasn’t real. He bought a BMW Z4 the week after graduation for his 60k entry level job. The Cutco knife company? Lol
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Aug 16, 2018 18:23
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Rotten Red Rod posted:A previous boss bragged he had flown to Germany to buy his 530i (or whatever it was), and I'm like, ok? Should that number mean something to me? The European Delivery option on BMWs and other cars is actually kind of cool though. I'm not saying it's GWM necessarily, but you usually get a discount on the car and sometimes a credit towards airfare and housing. So you fly over there, literally pick up your car at the factory, get a factory tour, and then you can plan a whole vacation of driving your car around Europe before dropping it off at a port to be shipped to the US.
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Aug 16, 2018 18:36
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TrueChaos posted:What do you call consulting engineers? As infrequently as possible.
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Aug 16, 2018 18:51
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OctaviusBeaver posted:I thought we were talking about engineers? How can you identify the extroverted engineer in the group? They're looking at everyone else's shoes. Thank you, I'll be here all night.
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Aug 16, 2018 19:02
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19 o'clock posted:Music Ed also belies the fact that they probably needed to buy an instrument at least. A violinist I play with graduated with a bonus $20k in debt on account of purchasing a proper instrument to play. Yeah the skin flute 
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Aug 16, 2018 20:11
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Subjunctive posted:I don’t read the graph the same way. Stemlord couldn't even a read and comprehend a simple graph, smdh.
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Aug 16, 2018 20:40
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Hoodwinker posted:
This person's situation can still turn out OK if they get a public teaching job, go on IBR for 10 years, and cop that sweet, sweet untaxable loan forgiveness.
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Aug 16, 2018 20:44
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Vox Nihili posted:Stemlord couldn't even a read and comprehend a simple graph, smdh. That’s what I get for stopping after high school.
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Aug 16, 2018 20:48
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Vox Nihili posted:This person's situation can still turn out OK if they get a public teaching job, go on IBR for 10 years, and cop that sweet, sweet untaxable loan forgiveness. What ever happened to that poo poo going on where the DOE was reneging on IBR forgiveness by claiming they weren't responsible for their outsourced contractor claiming jobs were covered by it that weren't? I'm not finding any recent articles on it. Pretty sure it never involved public school teachers, but it would still make me wary of placing my all my eggs in the IBR basket.
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Aug 16, 2018 20:49
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Sundae posted:What ever happened to that poo poo going on where the DOE was reneging on IBR forgiveness by claiming they weren't responsible for their outsourced contractor claiming jobs were covered by it that weren't? I'm not finding any recent articles on it. Pretty sure it never involved public school teachers, but it would still make me wary of placing my all my eggs in the IBR basket. I haven't heard about that, but the qualification requirements are certainly pretty strict. For someone with $100k in student loan debt and a degree in any sort of education I would still expect it to be one of the better options available. It's a real program that people have already used to get out of their loan debt and the requirements, while strict, are pretty clearly laid out.
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Aug 16, 2018 20:57
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Sundae posted:What ever happened to that poo poo going on where the DOE was reneging on IBR forgiveness by claiming they weren't responsible for their outsourced contractor claiming jobs were covered by it that weren't? I'm not finding any recent articles on it. Pretty sure it never involved public school teachers, but it would still make me wary of placing my all my eggs in the IBR basket. There was a bunch of controversy of them aggressively enforcing the policies such that if someone screwed up the paperwork (like forgetting a signature on page 4/10 or something) they were on the hook and the grants turned into loans, is that what you're thinking of?
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Aug 16, 2018 21:08
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The issue was that there were some people who received approvals for their work with organizations that were supposed to qualify under the "public services" provision, but when then went to apply for the 10-year forgiveness, were told that they didn't qualify and that the previous approvals they had received were 'tentative' and not binding. Notably, this happened to people who had worked with the ABA. If you are working directly with government or with a 501c3 it should be pretty cut and dry, but the 'public services' provision seems like a yawning gap that people may fall in, especially because apparently they can reverse decision without any recourse.
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Aug 16, 2018 21:19
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Barry posted:Yeah the skin flute Oh DAMMIT!!!!
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Aug 16, 2018 21:40
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Regardless of how it works for people with existing debt I am pretty sure the program doesn't work as a method for people still in school to pick a particular job that lets them make minimum payments until they can discharge it 10 years later.
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Aug 16, 2018 21:47
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The only people who should be planning on PSLF are maybe like doctors or lawyers. Otherwise it's for when you accidentally end up with way more debt than you can reasonably pay off but happen to have decent prospects in government.
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Aug 16, 2018 22:15
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I'm kept up to date in the most smug fashion on how much I am expected to inherit  I don't like to think about my dad dying and if I'm lucky I'll have paid off my mortgage and student loans on schedule before I even have to deal with it.
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Aug 16, 2018 23:02
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FAUXTON posted:I'm kept up to date in the most smug fashion on how much I am expected to inherit Say more! What does this mean?
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Aug 16, 2018 23:04
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| # ? May 17, 2024 02:20 |
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FAUXTON posted:I'm kept up to date in the most smug fashion on how much I am expected to inherit
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Aug 16, 2018 23:04
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