what's in a name? respect






Hey guys, just wanted an opinion or any kind of experience regarding a situation I am in.




"do what you want to"

@cherith
As for the cost, I'll just remind everyone that with the new income-based repayment consolidation option, you can consolidate ALL federal loans into 1 income-based payment. So yes, you can have a $300 dollar loan payment on $100k in loans. In 25 years, the remaining balance is forgiven (you just pay taxes on whatever it is). It's totally manageable.

I totally missed this - is this law now?

I think there's general confusion over the real numbers. plus, $300/month sounds low - did they change the rates for income-based payment?

This changes things a little.

it all seems needlessly complicated - I know a couple people who didn't go to certain programs because they couldn't figure out how to pay for it. I think if you can do the total cost in federal loans, then it's probably worth it - or if you can keep the private loans to a minimum and pay those off immediately.

fyi...

link



IBR Monthly Payment Amount
Annual
Income Family Size
1 2 3 4 5 6 7
$10,000 $0 $0 $0 $0 $0 $0 $0
$15,000 $0 $0 $0 $0 $0 $0 $0
$20,000 $46 $0 $0 $0 $0 $0 $0
$25,000 $108 $37 $0 $0 $0 $0 $0
$30,000 $171 $99 $28 $0 $0 $0 $0
$35,000 $233 $162 $90 $18 $0 $0 $0
$40,000 $296 $224 $153 $81 $9 $0 $0
$45,000 $358 $287 $215 $143 $72 $0 $0
$50,000 $421 $349 $278 $206 $134 $63 $0
$55,000 $483 $412 $340 $268 $197 $125 $54
$60,000 $546 $474 $403 $331 $259 $188 $116
$65,000 $608 $537 $465 $393 $322 $250 $179
$70,000 $671 $599 $528 $456 $384 $313 $241

wow - before you were required to file for a "financial hardship" which would only last up to something like a year or two if you weren't earning enough to make your monthly payments. this is waaay less than what I was paying on loans when I started out.

this is awesome. the only issues are that interest will accrue when you aren't paying anything off (although - rates are low anyway) - and it will probably hurt your credit for a mortgage - though if you get a co-signer you would probably be ok.

now you don't have to worry about sticking with that shitty job at that horrible firm just so you can pay your bills.

@LinkOne. TA's don't make much at the School of Architecture, a few thousand a semester. If you go outside the school at TA for another department you can make much more, i think in the range of 8-10. You can also get a "job" in the shop. When i was there it paid $10/hour and was good beer money and a place to build your models while getting paid.

@genuwine

Thanks for getting back to me. I spoke to someone at YSOA - the amount they pay TAs is definately disappointing.

Do you know how easy it is for an arch student to TA somewhere at Yale College? Does it happen often?

My undergrad is in Urban Planning, so was hoping to apply to help with geography or something, but it seems as if Yale doesnt teach anything remotely related.

Just kidding! This thread was an elaborate April Fools joke - who the hell would turn down Yale for petty financial concerns?!?!

People smart enough to realize the game has changed and that you can enslave yourself financially with student loans.

you must be an fun person to hang out with.

you go to yale for law school, not architecture is this some kind of april fools joke?

Your girl thinks so ;)

Apply again next year, but also apply to schools that Yale will consider comparable. And obviously do the best job you can on your application. See what funding offers come in that will give you leverage, then bargain hard. Yale will negotiate funding.

And by 'bargain hard,' I don't mean make an ass of yourself. Negotiation is tricky. I'm not very good at it. But since you did u/grad at Yale you probably know some grad students there who negotiated for their funding, and they may be able to give you tips. The main thing is having leverage in the form of funding offers from other schools.

"...try to find a principal in any firm who doesn't have an m.arch degree. "

did FLW go to 'architecture school'?

i know of a principal/CFO at an architecture firm who went to University of Phoenix of all places...

hello real world.

"...try to find a principal in any firm who doesn't have an m.arch degree. "

did FLW go to 'architecture school'?

i know of a principal/CFO at an architecture firm who went to University of Phoenix of all places...

hello real world.

@linkone

It is fairly easy to get teaching jobs outside the school of architecture. the students naturally seem to TA for the School of Art and those pay around $9000/semester. Some students have TA's for math or science classes as well.