I believe the majority of parents desire their children to continue onto college and that most students desire the same, and work hard to achieve the grades to be accepted by a college. It's obvious the difference has to do with the financial wherewithal to accomplish the goal. Let's assume that most families have only modest means to accomplish simply living in today's economic situation … therefore, they have to turn to either government sponsored or private loans (in many instances graduate students require additional financial aid).
Assuming that undergrad students can qualify for a $50,000 loan, for a 10-year period, the interest rate of 5 percent would requirement repayment of $535 per month. The Iraqi budget surplus is oil revenues. Now if desirous of furthering his/her education, graduate school might even increase that loan requirement to $94,000, with a monthly repayment of $1,000.
Source
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment