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ceeceeareee

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  • Gender
    Female
  • Location
    Baton Rouge
  • Application Season
    2013 Fall
  • Program
    MSW 2 year program

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  1. The tax was lifted with legislation made in 2012, so those having loans forgiven no longer owe the taxes on the amount forgiven after that 10 years under the PSLF option (this being said, it IS now 100% debt forgiveness- which is nice). However, I haven't heard of this "PAYE" plan, so you did bring some light to the subject. I appreciate the feedback. Also, to the effect that I was "defensive"... I feel the need to qualify that statement with a very simple retort. I am not an LCSW, I won't be for another five years, and even if I was - who gives you, "bafaman", the right to determine whether or not I am level headed/empathetic based on electronic correspondence you've had with me one time? I was flippant, but this is stressful. Not everyone is looking at 80-90K plus debt after graduate school, and bearing that in mind, though this is the route I am voluntarily pursuing, I was hoping that I would get more insight - not a response such as... "just no, no". Trust me, given the option, I would be going the route of a program that was fully funded and also able to provide me living expenses. I will speak also to the effect that I was HOPING others in a similar situation to mine might read the thread and have empathy for my circumstances. I was not expected to read responses shortly after posting that sent me the message that my route toward this degree is unacceptable and stupid.
  2. Sure, if you call "more economical" being forced to take on 10k+ from University of Houston in tuition/fees annually plus another 16 to 20k for living/gas/food/misc expenses annually for two years, totaling my entire debt to a rough 70-80k overall after interest has accrued & i'm actually IN repayment. i don't know if you have done your research, but UH is one of the cheaper choices & yet it's still not even fiscally possible for me to have even made a dent after paying on that debt for 10 years with a salary for 40K - i'd only have kept the interest at bay & be back at square one with the original principal borrowed. my only choice is PSLF, continuing my education, period, is a fiscally "dangerous" choice, but in reality- what the hell am i going to do? work as a receptionist for the rest of my life making $8.50 an hour? No, i would rather drown in student debt. The question here is not whether or not I'm going to do it, the question is do I remain conservative and max out debt at one relatively cheap school and drown or do I go all out and max out debt at an expensive school and still qualify for the same debt repayment programs based on my salary under ICR & IBR and the loan forgiveness program?
  3. i will be working part time, most likely with work-study & an unrelated side job.
  4. You need a masters to perform psychotherapy. period, point blank. we are not talking about public advocacy, we are talking about licensed clinical social work. "just no, no" really isn't an answer here. I don't have a choice. I cannot perform therapy with a BS in psychology, no one can. Nor can I get a decent paying job. and yes, 100% debt forgiveness is possible - it's called "Public Service Loan Forgiveness" & it's relatively new. it's designed for those who work in public service/for a nonprofit who have a high debt to income ratio.
  5. I have been offered admissions to three pretty amazing programs... University of Houston, NYU & USC (they are ranked in reverse order in my mind as well as by world news) I have about 22k worth of student loan debt from my undergraduate degree which will continue to accrue more and more interest, and here is my issue: These programs don't tend to offer a lot of scholarships, as they are surely limited. I have received some financial assistance from all of them but not enough to really even make a dent in my overall debt post-masters. I'm looking at like 80K-90K after it's all over from UH, roughly 30K more to go to NYU & then you know like 70K more to attend USC. The numbers ARE frightening. However, with a concentration in mental health/systems of recovery from mental health, I'm looking at a lot of debt no matter what. The larger problem here stands as is: My starting salary will be highest in CA (39K for entry level social workers), my debt will also be highest in CA, I will never be able to pay off the total amount of debt from ANY of these schools so in fact, I have come to the conclusion that my starting salary in whatever place is actualized to irrelevance- even in the best of circumstances, after 10 years I will have only stopped interest from accruing. I'm pretty much stumped here because as a Social Worker, there is the option to pursue loan forgiveness after 10 years if you work for a nonprofit or government agency full-time. In my mind, I'm just trying to get these ducks all in a row before I just go balls to the wall and say hey, you know, I'm going way under even at the cheapest of the three universities and I'll be committing myself to the loan forgiveness program even there, so why not just go balls to the wall with loan debt and go to the school my heart is REALLY longing for (USC). As I'm frightened of the prospects of committing myself NOW to something that is 10 years down the road, I feel like I don't have a choice where that is concerned because I'm pretty much SCREWED into massive amounts of debt no matter where I choose to attend. I pretty much just want to know others' thoughts on this/if anyone else has been dealt similar cards. XOXO Royally screwed, but I'm still following my heart.
  6. I'm curious as to what the decision was on this one. I'm not in good circumstances at all where it concerns student loans (whether I go to a state school in TX or USC). I'm having a similar debate with myself... I was also offered admission to NYU, and although I know it's ranked lower than USC's program, i dont know what their reputation is either.
  7. Accepted USC's offer for the 2 year Masters of Social Work... Just wondering if anyone who intends to attend the program in August 2013 is hereeeee?!?!?!
  8. Going to USC for MS in Social Work about 4/5s certain, I received a MINOR scholarship for the first year, but other than that my edu will be financed solely with student loans (stafford/grad plus). im mildly terrified of this, but totally stoked to move back to LA.
  9. Going to USC in the fall for MS in Social Work! Can't wait, possibly needing a roommate?!?!?
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